rounds down ...Axis Flipkart "always" rounds up to lower value.
correct.. I should have clearly mentioned that point but was concentrating on 10k spends calculation onlyJust to clarify.
For milestone feature - you need to spend min 7.5k to get the cashback. So if you spend anything less than 7.5k you will not receive any cashback. Above 7.5k you will receive cashback @5% and you need to spend 10k to receive max cashback of 500rs.
if your grocery spends at offline stores are between 7500-10k per month then best is to activate 1) 5% milestone 2) 5% Grocery 3) 10x offline RPs where monthly CB for 10k spends will be 1) 500 2) 500 3) 200 = 1200, so quarter it will be 3600 - 353 * 3 (feature charges) = 2541/30k = 8.47%, other best card for offline grocery is HSBC cashback card which gives 10% upto 1000 max per billing cycle so 12k CB for 1.2L spends but has a fee of 999+GST if you are not spending more than 2L in the previous (fee waiver criteria) but even after paying fee you will end up with 9% CBWow! Means I if spend 7500rs every month then for 3 months, net 5.52% cashback?? If spends are higher than 7.5k/pm, the cashback gradually decreases am I right ?.
Edit :I was wrong. Its 5%upto 500.¬ 500rs flat. So spend 10k minimum for max benefit