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Right that's just BAU and not a devaluation though.. I the OP said some devaluation starting March.

Lol, thanks.. I should have worded better. I meant to ask what are the changes in tnc regards to rewards in foreign transactions. For Magnus it is 5 points per 200 Rs spent. Starting March, what is the devaluation?

Can you pls explain what devaluation is on the cards?

Lol yeah, I was not expecting so many responses when I created the post.

Always choose the local currency. Why? One less conversion hence lesser fees.

Thank you for confirming. Cheers!

My thoughts too and hence this post. So far haven't heard anything that contradicts this assumption.

Thanks, these allay a lot of my fears.. did you use magnus as your primary mode of payment? If so, any final thoughts?

Thanks for the concern man. I totally agree spending for the sake of spending is not a good idea. Yes, the trip spans across 2 calendar months. However right now I am just understanding how things work so I can optimize the spends. Niyo global card looks good as well no markup fee but yet...

Thanks for the detailed reply. I have already booked all I could anticipate. Only local shopping, day to day expenses remain. I am only thinking about using the credit card for the milestone benefit magnus offers for reaching 100k spend per month. 5k Rs for 50k edge points seems like a...

I am planning a trip abroad and don't want a hassle of a forex card. Assuming I will spend close to 200k inr, and I have an Axis magnus cc (2% forex markup fee) should I just swipe my Magnus, choose the txn currency as local currency and go about the shopping? How do banks (axis or others)...

While you are right that pamp offers better quality gold, whenever you're selling to a jeweller, they are likely going to take the gold out of the package, melt it and put it in their machine to check the purity. After melting it doesn't matter if the gold was brpl or pamp. The variance in...

There is yet another category of folks who are so frustrated by the system (read banks) taking them for a ride be it by delivering less than what was promised or levying unscrupulous fees/charges. Institutions and their employees have taken consumers for granted and for them we are just a means...

Anyone thinking of utilizing the loophole and buying lot of gold to accumulate the reward points, also think of a strategy to sell the gold and get the funds back in their accounts. The problem is even if you buy 50k worth of gold and sell it for 45k to a jeweller and assuming he gives you...

H Hmm.. I think he has got enough responses to allay his fears/doubts. Hope he is able to get the vouchers he needs and make the purchase.

Are you saying there is a cap in tata cliq of 10k when buying via vouchers? That's news to me too.

Wanted to buy the Bangalore refinery gold as it is 99.99% but it is always out of stock. Are you planning to sell the gold right away or hold on to it? Need some data point for how much of a haircut you have to take when reselling to jeweler.

Might be true if you use the card to directly buy gold.. instead use card to buy the voucher and use the voucher to buy thr gold.

Here for your service!! :p

You have any official document confirming spending in gold does not qualify for the milestone? Even if it were, here is how you make the purchase a. Use the 10k gift voucher b. Buy a new tata cliq gift voucher from gyftr for additional amount you wish (this is to utilize the ongoing 3x points...