Axis Grabdeals: Someone Explain Grabdeals Accelerated Reward Points System

[vsharad]

Hi, Hope you all are good!

I am new to credit cards and was recently browsing through the Axis Grabdeals Website, but I do not understand how Accelerated Reward points work.
It'll be beneficial if someone can show an example calculation, keeping this in mind - The base reward rate of the card is 5 Reward Points Per ₹100 Spent, and the Multiplier is 5x and if I spend ₹10000 using grab deals in "X" Website, How much Reward Points Should I get ?

Thanks

 

[Praveen05]

You will get 2500 reward points in total

 

[SSV]

Hi, Hope you all are good!

I am new to credit cards and was recently browsing through the Axis Grabdeals Website, but I do not understand how Accelerated Reward points work.
It'll be beneficial if someone can show an example calculation, keeping this in mind - The base reward rate of the card is 5 Reward Points Per ₹100 Spent, and the Multiplier is 5x and if I spend ₹10000 using grab deals in "X" Website, How much Reward Points Should I

You will get 2500 reward points in total

Yes correct.. you get 5 * base rate..
You can also choose CB instead of rewards if you want given the option

 

[vsharad]

But why grab deals website showing only 250 reward points? card - iocl

 

[SSV]

But why grab deals website showing only 250 reward points? card - iocl

Means . You didn’t go thru the grab deals properly.. you have to use the same card number that you mentioned earlier, use the same browser window etc
If you have done all correctly contact CC

 

[SSV]

But why grab deals website showing only 250 reward points? card - iocl

Okay , I got it now.. you are only seeing the estimate before the transaction right?

 

[vsharad]

Means . You didn’t go thru the grab deals properly.. you have to use the same card number that you mentioned earlier, use the same browser window etc
If you have done all correctly contact CC

bro I am just trying to understand the platform, not shopping for now! the savings calculator available in these offers showing me different points than calculated!

 

[vsharad]

Okay , I got it now.. you are only seeing the estimate before the transaction right?

yes haven't done any transaction,just getting an overview

 

[SSV]

yes haven't done any transaction,just getting an overview

The calculator may be wrong in this case

 

[SSV]

yes haven't done any transaction,just getting an overview

What are you trying to purchase?

 

[vsharad]

The calculator may be wrong..

Yes, I also think the same, as the below calculation works :

Spending÷Amount required for base reward point ( 5Rp/₹100 Spent) *5(base reward point) * multiplier = 10000÷100*5*5 = 2500 Reward Points

correct me if I am wrong

 

[SSV]

Yes, I also think the same, as the below calculation works :

Spending÷Amount required for base reward point ( 5Rp/₹100 Spent) *5(base reward point) * multiplier = 10000÷100*5*5 = 2500 Reward Points

correct me if I am wrong

Correct, but you have to follow all the relevant required procedure

 

[vsharad]

What are you trying to purchase?

I am not purchasing anything RN, but I am thinking of getting Axis Privilege card, so that's why I was calculating the reward rate I would get!

 

[SSV]

Yes, I also think the same, as the below calculation works :

Spending÷Amount required for base reward point ( 5Rp/₹100 Spent) *5(base reward point) * multiplier = 10000÷100*5*5 = 2500 Reward Points

correct me if I am wrong

and there will be offers sometimes on top of this 5 times

 

[SSV]

I am not purchasing anything RN, but I am thinking of getting Axis Privilege card, so that's why I was calculating the reward rate I would get!

Okay, doing your homework…got it

 

[Deleted member 21942]

@S S V there is a cryptocurrency in your name

Bitcoin Exchange | Cryptocurrency Exchange | Binance

Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume

www.binance.com

 

[SSV]

@S S V there is a cryptocurrency in your name

Bitcoin Exchange | Cryptocurrency Exchange | Binance

Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume

www.binance.com

I have no idea about these crypto s and not interested as well

 

[maheshspanicker]

Grabdeals calculations are strange and inconsistent. As for me, I use it when buying from Flipkart with my Flipkart Axis card and some times for instant vouchers when they have instant discount offers worth taking. Just a couple of additional clicks, and just take what you get.