Gold Purchase With CC.

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Deal Subedar
akki.akki

hello fellows..

I am planning to buy some physical gold this Diwali.

  1. Can anyone confirm if there is any extra charge if I use credit card ?
  2. Do I get rewards for the txn ?
  3. Which CC is best for rewards ?

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Deal Cadet Deal Cadet
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1.No
2.Yes
3.Flipkart axis

Carry Aadhar and PAN

Deal Subedar Deal Subedar
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Nighthawk69 wrote:

1.No
2.Yes
3.Flipkart axis

Carry Aadhar and PAN

Why do I need aadhaar and PAN ?

Deal Cadet Deal Cadet
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Dont use Fk Axis card
It wont give any rewards, jewellery is excluded
I have used it at Joyalukkas and did not get anything

Deal Cadet Deal Cadet
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Not all cc provid rewards on gold purchase plz mention the cc u have

Deal Subedar Deal Subedar
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akki.akki wrote:

Why do I need aadhaar and PAN ?

For purchase above 50k they will ask for pan card.
I have used indusind legend and got 2% rewards

Deal Cadet Deal Cadet
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akki.akki wrote:

For gold purchase

Because jeweller may ask!  If the transaction is greater than 2lakhs

Deal Subedar Deal Subedar
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if you are planning to buy Gold Coins…
do consider buying online ..much better discounts.

Analyst Analyst
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shutapdiya wrote:

Dont use Fk Axis card
It wont give any rewards, jewellery is excluded
I have used it at Joyalukkas and did not get anything

+1, apay card works and gets you 1%. I’m not sure if gold is exempted as per terms.

If gold coins, consider purchasing online, you can save on die charges, taxes through card discounts.

If jewellery items, you can still purchase gold coins/pendants online for reduced price, and exchange it for items you are planning on.

You can also consider taking gift card approach (discounted from e-commerce) after having some assurance from the jeweller on acceptable, limitations etc.

Deal Cadet Deal Cadet
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Axis ace gives u 2% cb. I have used it multiple times.

Deal Cadet Deal Cadet
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andromeda wrote:

+1, apay card works and gets you 1%. I’m not sure if gold is exempted as per terms.

If gold coins, consider purchasing online, you can save on die charges, taxes through card discounts.

If jewellery items, you can still purchase gold coins/pendants online for reduced price, and exchange it for items you are planning on.

You can also consider taking gift card approach (discounted from e-commerce) after having some assurance from the jeweller on acceptable, limitations etc.

I would also recommend the same

With the last route do check with the Jweller before buying gift card, also negotiate making charges before buying gv

For same Jweller, Some gift cards only work on diamond jewelry, some do not work offline at store, etc etc

Deal Subedar Deal Subedar
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Sudarshan61 wrote:

if you are planning to buy Gold Coins…
do consider buying online ..much better discounts.

I have thought of purchasing gold coins many times but not sure about the authenticity

Deal Lieutenant Deal Lieutenant
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akki.akki wrote:

I have thought of purchasing gold coins many times but not sure about the authenticity

Same here, not worried abt authenticity but the acceptance/rate local jwellers offers for such coins, dont want hassle

Deal Cadet Deal Cadet
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andromeda wrote:

+1, apay card works and gets you 1%. I’m not sure if gold is exempted as per terms.

If gold coins, consider purchasing online, you can save on die charges, taxes through card discounts.

If jewellery items, you can still purchase gold coins/pendants online for reduced price, and exchange it for items you are planning on.

You can also consider taking gift card approach (discounted from e-commerce) after having some assurance from the jeweller on acceptable, limitations etc.

golden advice, use any card that doens’t exclude gold explicitly – axis ace, infinia etc

Analyst Analyst
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I noticed HDFC and Amex rolling out special offers on their cards during Diwali times.

On amex, there is an offer at Tanishq stores, 10k instant discount on min billing of 150000 on jewellery items. Offer valid till 27th Oct.

Deal Subedar Deal Subedar
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noobDealer wrote:

golden advice, use any card that doens’t exclude gold explicitly – axis ace, infinia etc

dont have any of these cc.
I think i have to settle with IDFC dc only with 1% cb.

Deal Lieutenant Deal Lieutenant
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insta wrote:

Same here, not worried abt authenticity but the acceptance/rate local jwellers offers for such coins, dont want hassle

local jwellers
yeh saale bahut khrab karte ha.

Deal Lieutenant Deal Lieutenant
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kukdookoo wrote:

local jwellers
yeh saale bahut khrab karte ha.

Vahi to issue hain
Gold jama karke kahi to sell karna padega hi jarurat hogi tab
They just cut some %

Deal Subedar Deal Subedar
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akki.akki wrote:

I have thought of purchasing gold coins many times but not sure about the authenticity

Brands like MMTC, Bangalore refinery, Malabar are good.
Accepted at other outlets as well including their own.

Deal Subedar Deal Subedar
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- Currently IDFC debit cart giving 1% flat cashback withing 48 hours of purchase
- Amex giving 10k Tanishq voucher on single transaction of 1.5L .
I don’t remember what are the last dates but still few days are left.

Deal Cadet Deal Cadet
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andromeda wrote:

I noticed HDFC and Amex rolling out special offers on their cards during Diwali times.

On amex, there is an offer at Tanishq stores, 10k instant discount on min billing of 150000 on jewellery items. Offer valid till 27th Oct.

only at TanishQ

Analyst Analyst
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akki.akki wrote:

dont have any of these cc.
I think i have to settle with IDFC dc only with 1% cb.

Take GC card approach with your existing cards, and pay those bills will IDFC debit card.

But how about letting us know what cards you hold, so that people can suggest if there are any better rewarding options

Deal Subedar Deal Subedar
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Just to give a cost comparison
todays IBA selling rate is Rs4805 per grams for 999 purity (add 3% GST = 4947) . Variations will happen based on store and location. Buy from any place one will have to pay some making charge on top of this price.
https://www.ib...o/

Malabar 2gm 999 purity coin is for Rs10363, if one has the right card this can purchased with 10% discount giving a good price of Rs4663 per grams. (https://www.amazon.in/gp/product/B017IUK4X2/ref...)

Deal Cadet Deal Cadet
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I usually talk to local well known shops, malabar, joylukkas and confirm exchange price, if you get jewellery for replacing gold, they give current price no deduction. Cash – they cut some percentage never did that

Deal Subedar Deal Subedar
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andromeda wrote:

Take GC card approach with your existing cards, and pay those bills will IDFC debit card.

But how about letting us know what cards you hold, so that people can suggest if there are any better rewarding options

Having sbi click, fk axis & apay icici.

Deal Subedar Deal Subedar
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Try Axis Ace. I think it will give 2% for all transactions. I can’t personally verify as I haven’t bought any Jewellery at physical stores. Though all online jwellery gives 2% CB.

Cool Cool
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Manitian wrote:

Try Axis Ace. I think it will give 2% for all transactions. I can’t personally verify as I haven’t bought any Jewellery at physical stores. Though all online jwellery gives 2% CB.

Axis Ace won’t give cb on jewellery

Analyst Analyst
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akki.akki wrote:

Having sbi click, fk axis & apay icici.

Apay icici will give 1% rewards.

I would suggest to be little cautious, do a test transaction, run a story → ask sales person that you wanted to ensure card doesnt flip on you or some other. The rewards usually show against the transaction in imobile app.

Otherway is buy gift card from amazon or other sources as per the max rewards possible. But before this check with jeweller that your intention is to use the gift card you are gifted.

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