GYFTR reward points devaluation/HDFC smartbuy
No surprises here, but HDFC smartbuy/GYFTR is slowly increasing the processing charges on purchasing gift cards for Amazon Pay. This is the best offer on smartbuy or used to be.
Gone are the days when it used to be free and we had a period of 2.5%+GST convenience for the past 2-3 years. Now it is increased to 3%+GST.
Amazon and Flipkart shopping vouchers have started charging convenience fees from last month.
Now the effective reward points is reduced to 6.3% (~630 on 10K). This is still better than the most, if we consider the RP conversion of 1:1 on flight tickets. But the convenience charges on purchasing tickets is at least 300 more on smartbuy, without any offers. So not very sure if purchasing Amazon pay GCs are sensible anymore.
TL;DR - RP reduced to 6% when purchasing Amazon Pay GC on smartbuy using HDFC Diners.
No surprises here, but HDFC smartbuy/GYFTR is slowly increasing the processing charges on purchasing gift cards for Amazon Pay. This is the best offer on smartbuy or used to be.
Gone are the days when it used to be free and we had a period of 2.5%+GST convenience for the past 2-3 years. Now it is increased to 3%+GST.
Amazon and Flipkart shopping vouchers have started charging convenience fees from last month.
Now the effective reward points is reduced to 6.3% (~630 on 10K). This is still better than the most, if we consider the RP conversion of 1:1 on flight tickets. But the convenience charges on purchasing tickets is at least 300 more on smartbuy, without any offers. So not very sure if purchasing Amazon pay GCs are sensible anymore.
TL;DR - RP reduced to 6% when purchasing Amazon Pay GC on smartbuy using HDFC Diners.