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Hot Deal
[Last Day] Phonepe - Gold Dhamaka Days - Assured Cashback upto 4000 ( 6 - 8 May)

[Last Day] Phonepe - Gold Dhamaka Days - Assured Cashback upto 4000 ( 6 - 8 May)

795°
76000
5% OFF 80000.0
Hunk
skaluva

https://phone...om
https://i.imgur.com/T8MxdgD.jpg

Stay tuned for tnc..

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Hunk Hunk
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What is the offer?

Get 5% up to ₹4000/- cashback* on Gold Purchase on PhonePe
Maximum Cashback customer can avail is ₹4000 per user during offer period.
Maximum Cashback customer can avail is ₹2000 per Buy transaction during offer period.
No minimum Gold Purchase transaction Amount to avail the offer

What is the eligibility criteria?
Customer will get the offer on their Gold Purchase transaction during offer period on PhonePe
Valid only on UPI, Credit or Debit Cards

What is the offer duration?
00:00 hrs 6th May 2018 to 23:59 hrs 8th May 2018

How many times can this offer can be availed?
Offer can be availed 2 times per user on their Gold Purchase transaction during offer period.

How do I avail the offer?
On your PhonePe app
Click on Gold Icon within “Buy on PhonePe” section of the app
Enter the amount/gms of gold you wish to purchase.
Pick the payment option for the same
Click on BUY to complete the transaction.

When do I get the cashback / benefit?
Cashback will be credited as PhonePe gift voucher balance within 24 hours of successful completion of the transaction.

What happens if I am eligible for more than one offer?
If you are eligible for more than one offer, the offer giving you the maximum Cashback is automatically picked up for you

What happens in case of refund/cancellation of my Transaction?
Once gold purchase transaction is Processed , it cannot be cancelled or returned.
In case of a payment failure during the gold purchase, the amount will be refunded back to you within 2 working days.
In case of any cancellations, the cashback given on the transaction will continue to remain as gift voucher balance and non-withdrawable to your bank account. This can continue to be used on PhonePe (recharges, bill payments, etc.)
Refunded amount less of cashback will be credited to back to the source of funds used while making payment

Hunk Hunk
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Deal Cadet Deal Cadet
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Gold price is more in phonepe ?

Deal Lieutenant Deal Lieutenant
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Can we buy n sell immediately.. How much is difference in buying n selling price

Deal Subedar Deal Subedar
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i bought worth 50k during april
after 24 hrs selling price was 46.7k only

net loss of 800 rupees (after cb) cry

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Deal's Advocate Deal's Advocate
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First of all buying is higher and selling is lesser price. Second while you buy you have to pay 3% GST which is the flat difference you have to bear while selling. Third you must have to wait 24 hours to sell your gold you bought. Once you calculate all this the buying > selling price by 5-7%. So think before you want to invest or buy on phonepe.

Wildfire Wildfire
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Well said by Brien… But if you have high wallet balance(phonepe,fc,jio and Airtel wallet) and convert to balance and you willing to take the margin 1-2% (after Cashback)… Then this definitely a wonderful deal wink

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Freebie Finder Freebie Finder
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All this sound so risky…

Deal Cadet Deal Cadet
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2 weeks back, when the same offer was there, I bought for 50k and I had to wait for 72 hours. I tried raising ticket multiple times to check why they raised the waiting time from 24 hours to 72 hours without intimation. (As per their T&C and FAQ, it was 24 hours). But, the dumb representatives kept telling different stupid reasons.

Though, I did not loose anything extra because of extra 2 days wait I still raised tickets continously to get an answer. I got a call saying that high value gold sales will be having 72 hours limit for security reasons.

With low selling price, GST and 72 hour waiting period, It is risky to use this 5% cashback offer. Last time, I used this offer knowing the risk because, I already made 1+ lac worth transactions in my Amex card. So, I thought to use this for extra 50k to get 6k worth hotel voucher.

Deal Cadet Deal Cadet
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Post sale of Gold, can i transfer the balance to bank?

so the transaction flow is: Credit Card —> Buy Gold on PhonePe —> Sell Gold (profit or loss depending upon sell price) —> Bank Transfer (@0% charges)

Deal Cadet Deal Cadet
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By default, it gets transferred to your linked bank account only. It will not go to your wallet. So, no problem in that.

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Deal Cadet Deal Cadet
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I tried this time too. And, sale was restricted for 72 hours. PhonePe does not have any proper answer on why 72 hours restriction when their T&C says 24 hours. As usual, they say its for security reasons.

Overall, after 5% cashback, I had 1 percent loss. So, its not a good option for profit, not at all. I used it to get 50k for 2 months without interest. So, use it carefully, otherwise, you will end up in losses

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