You all how did you calculate it, I didn’t understand anything.
I calculate it simply –
For a monthly spend of 50k, we get 5% up to ₹2,500 (because the monthly capping is 10k reward points, right?)
Now on a yearly spend of 6 lakhs, that means we get a total of 5% up to ₹30,000.
Now the annual benefit should also be counted in the same spend, right?
We dnt need to spent separately for milestone.
So the milestone benefit adds ₹2,500 extra.
Which means it becomes around 0.42% (total 6 lakhs yearly spend).
So the total becomes about 5.42% cashback on spending 50k every month (Rs32,500 on yearly spend 6 lakhs), M i right ?
Now I haven’t calculated the joining charges and the gift voucher benefits because I’m assuming them as practically free. The welcome reward points and gift voucher that we get will give more benefit than the amount of the fees anyway.
Now kuch garbar kiya hu toh batao. I know maine Birthday month count nahi kiya. I think birthday ka bhi same benefit hai 5%, right ? except ki isme 20k ka condition nahi hai.
@Broodi
