25MR - Gold Coin Purchase

So reading the T&C it’s clear that gold purchases from Flipkart, CLiQ, Ajio are excluded. However no such exclusions for Myntra and Nykaa.

So assuming you go for this, after discount and coupon it’s 85,459, gives you around 21,360 MR. Buy rate is 8.5k per gm. You can sell based on your city at current market rate of 7.8/7.9k. So assuming you immediately sell also that’s 700rs loss per gram. So 7k net loss.

But you can see it as buying 21,360 MR for 7k, cost per MR 0.32, better than the 10k MR for 4K you can get.

If the cap is per card and not per account, you can repeat this across 3 cards and spend 21k and earn 64k MR.

Obviously needless to say, it’s better to buy cause you need it or spend elsewhere where it’s a genuine spend. I plan on some MMT and apple purchases. However, was considering this on another card to try and I don’t mind buying MR at 0.32 when I value them at 0.8.

So reading the T&C it’s clear that gold purchases from Flipkart, CLiQ, Ajio are excluded. However no such exclusions for Myntra and Nykaa.

So assuming you go for this, after discount and coupon it’s 85,459, gives you around 21,360 MR. Buy rate is 8.5k per gm. You can sell based on your city at current market rate of 7.8/7.9k. So assuming you immediately sell also that’s 700rs loss per gram. So 7k net loss.

But you can see it as buying 21,360 MR for 7k, cost per MR 0.32, better than the 10k MR for 4K you can get.

If the cap is per card and not per account, you can repeat this across 3 cards and spend 21k and earn 64k MR.

Obviously needless to say, it’s better to buy cause you need it or spend elsewhere where it’s a genuine spend. I plan on some MMT and apple purchases. However, was considering this on another card to try and I don’t mind buying MR at 0.32 when I value them at 0.8.