Best use of 10k Tata Cliq Voucher via Magnus

[Vipsssy]

Hello Friends,

I have opted for 10k Tata Cliq vouher via Magnus welcome benefits. Can you please tell me the best purchase from Tata Cliq possible? How is everybody spending their 10k voucher from Magnus on Tata Cliq? Asking because most the product prices are inflated in comparison to other websites.

Appreciate any guidance on the same! Thanks

 

[coinhunter]

No limit on the no. of transactions

Thank you.

 

[Vipsssy]

Do I have to spend the total amount of voucher in one transaction or it can be in multiple transactions as long as the total 10k is not consumed?

Add in Cliq cash and you can use it over multiple transactions just like Amazon Pay wallet.

 

[coinhunter]

Add in Cliq cash and you can use it over multiple transactions just like Amazon Pay wallet.

Done. I'm thinking of buying gold coin and selling.

 

[thedator]

@coinhunter Whats the loss we can generally sell at?
Do shopkeepers give cash or cheque etc?

 

[Slayer]

@coinhunter Whats the loss we can generally sell at?
Do shopkeepers give cash or cheque etc?

If you buy from the more popular gold jewellery chains like Kalyan or Malabar then they will give you at minimum 96% of the current market rate if the packaging is intact.

But as you can see minimum is 96% of the current market rate so you can negotiate your way to 98%.

If you sell it at higher then you buy the gold then where is the loss?

 

[coinhunter]

@coinhunter Whats the loss we can generally sell at?
Do shopkeepers give cash or cheque etc?

I have no idea yet. I'll ask first at the shop before purchasing. This will be my first time doing it, if ever I get good price.

 

[Slayer]

I have no idea yet. I'll ask first at the shop before purchasing. This will be my first time doing it, if ever I get good price.

Actually there was someone who posted about him buying gold coins on Amzn using cc discounts and selling it at good profit

 

[Darthvader]

The 10k Voucher from Tatacliq does Magnus gives every year that or is it only for 1st year ?

 

[Slayer]

The 10k Voucher from Tatacliq does Magnus gives every year that or is it only for 1st year ?

First year

 

[sagar_keshri]

First year

no, i think its every year

 

[Vipsssy]

The 10k Voucher from Tatacliq does Magnus gives every year that or is it only for 1st year ?

Every year if you pay the annual fees of 11.8k

 

[Vipsssy]

First year

Its every year else everyone will close the card after 1st year

 

[Slayer]

Its every year else everyone will close the card after 1st year

I could not find it on their website, my bad. 🙃 🙃

 

[manikP]

Actually there was someone who posted about him buying gold coins on Amzn using cc discounts and selling it at good profit

🤚

 

[Vipsssy]

If you buy from the more popular gold jewellery chains like Kalyan or Malabar then they will give you at minimum 96% of the current market rate if the packaging is intact.

But as you can see minimum is 96% of the current market rate so you can negotiate your way to 98%.

If you sell it at higher then you buy the gold then where is the loss?

If you buy from Tata Cliq, already you buy 5-6% higher than market rate

so even if you sell it at 96-98% rate, then you still lose additional 2-4%

but that's the best use case of this 10k voucher.

 

[Vipsssy]

eventually loss of 6-10% is what you gonna anyway get.

 

[Slayer]

eventually loss of 6-10% is what you gonna anyway get.

If you hold it for some time then you can make a profit

Gold right now is 5.15k per gram and the only available 999.9 2g gold coin/bar on tatacliq is 5.6k per gram which is roughly 8% higher than market rate but wherever you buy gold you have to pay something extra with the market rate but let's not take that into consideration for this calculation

Gold over a 10 year rolling period has a rate of appreciation of 6.5-8.5% per annum so if someone does not require the liquid money then he should hold it till he gets a break even price

 

[manikP]

If you hold it for some time then you can make a profit

Gold right now is 5.15k per gram and the only available 999.9 2g gold coin/bar on tatacliq is 5.6k per gram which is roughly 8% higher than market rate but wherever you buy gold you have to pay something extra with the market rate but let's not take that into consideration for this calculation

Gold over a 10 year rolling period has a rate of appreciation of 6.5-8.5% per annum so if someone does not require the liquid money then he should hold it till he gets a break even price

Anybody who is getting magnus I think is okay with getting airmiles, so I think the best would be to buy 10k voucher from gift edge, get 5x point+ 3x point as per this month's offer. The return would be 30%+ and then buy gold worth 20k.

 

[Slayer]

Anybody who is getting magnus I think is okay with getting airmiles, so I think the best would be to buy 10k voucher from gift edge, get 5x point+ 3x point as per this month's offer. The return would be 30%+ and then buy gold worth 20k.

Sir, you are out of the loop

We are talking about how to use the 10k tatacliq voucher which you get for annual fees payment.

 

[manikP]

Sir, you are out of the loop

We are talking about how to use the 10k tatacliq voucher which you get for annual fees payment.

No sir, please read my comment again.