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Loot For Axis Magnus/Reserve Credit Card Users

Loot For Axis Magnus/Reserve Credit Card Users

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Deal Subedar
RSHARMA966

Axis magnus/reserve card users can avail 10x reward points on myntra gift voucher using - https://www.gyftr.com/edgerewards/myntra-gift-v...

Gold is available on myntra :- https://www.myntra.com/gold...n/ 

There is usually 1.5% discount on myntra giftcard and also supercoins are obtained for ordering from myntra that compensate for extra charges.

Reward rate received on using magnus card for every 10,000/- spent you receive 6000 Edge reward points which can be easily valued at 50ps each making it 3k profit.

On spending a lakh per month , you can earn 25000/- edge which is additional milestone. So buying myntra/gold combo for 1lakh would give out 85000 points, which can be easily valued at 30-40k cash value.

For Reserve card , there is no milestone but it has higher default reward rate and hence would fetch out similar ratio's.

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Please note that gold coins rate at Myntra are 8-12% higher than gold market rate. So if you sell the coins after buying from Myntra, the calculation of net earn rate will be a completely different figure. Axis Magnus only the 1L milestone will be a benefit. The rest 10x rewards will be compensated by the price hike at Myntra. If you have regular use of 1L on your Magnus, I don't think you should go for Myntra voucher just for 10x .

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Except there is 10k monthly limit on edge rewards via grabdeals/gyfrr

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SuperKnight wrote:

Except there is 10k monthly limit on edge rewards via grabdeals/gyfrr

Not gyftr, it’s only for grabdeals 

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Does magnus have 10x multiplier or something on gyftr? I don't find it in card details page

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Is the myntra voucher applicable for gold purchases?

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iron_gloves wrote:

Is the myntra voucher applicable for gold purchases?

As of now yes 

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Some people have reported that Myntra is cancelling orders.

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ankurmittal wrote:

Some people have reported that Myntra is cancelling orders.

Which orders they are cancelling?

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ankurmittal wrote:

Some people have reported that Myntra is cancelling orders.

Ordered 4 coins and all delivered 

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whitehat wrote:

Which orders they are cancelling?

gold coin ones ordered via gift vouchers, though I have also ordered and got all delivered.
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decideaim wrote:
What was the effective discount?

Direct discount of 1.5% on gift cards, that’s it. Rest are all edge rewards points. 

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Yep. Orders are getting cancelled a lot. And then you are stuck with 60k of myntra vouchers.

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raghupro wrote:

Direct discount of 1.5% on gift cards, that’s it. Rest are all edge rewards points. 

.

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Please note that gold coins rate at Myntra are 8-12% higher than gold market rate. So if you sell the coins after buying from Myntra, the calculation of net earn rate will be a completely different figure. Axis Magnus only the 1L milestone will be a benefit. The rest 10x rewards will be compensated by the price hike at Myntra. If you have regular use of 1L on your Magnus, I don't think you should go for Myntra voucher just for 10x .

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iron_gloves wrote:

Is the myntra voucher applicable for gold purchases?

Yes, applicable as of now but do check the rate of gold coin on Myntra and compar with market rate. Too high as compare to market rate so you'll loose 8-15% when sell it.
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Screenshot20230506-10083228 April order date till date no delivery no resolution did a complaint in nch also yesterday they are not even cancelling
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whyareyouhere wrote:

Does this work on axis select cc?

Yes select as well as privilege too

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JAYM wrote:

Please note that gold coins rate at Myntra are 8-12% higher than gold market rate. So if you sell the coins after buying from Myntra, the calculation of net earn rate will be a completely different figure. Axis Magnus only the 1L milestone will be a benefit. The rest 10x rewards will be compensated by the price hike at Myntra. If you have regular use of 1L on your Magnus, I don't think you should go for Myntra voucher just for 10x .

Good suggestion but nobody is going to follow it seeing this awesome deal of 85000 points.
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PowerStar wrote:

if delivery is long then avoid

It's showing delivery in max 7days , what more can you expect.
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My Edge rewards has been put on hold by Axis bank for doing similar things in past 😄. Be cautious guys, banks wants to reward genuine spenders and not the fund rotators.

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popeyethedimer wrote:

Screenshot20230506-10083228 April order date till date no delivery no resolution did a complaint in nch also yesterday they are not even cancelling
High chances of order cancellation. 
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No fayda , myntra will cancel the order , it's not shipped from 20 days ago 

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raghupro wrote:

Ordered 4 coins and all delivered 

Personal use because buying physical gold on pricier rate is not much beneficial for investment purpose?
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