As a part of my wedding planning, recently I bought ₹14 lakhs worth of gold from Kalyan Jewellers. Since the transaction amount was large, I wanted to save as much money as possible. Using Paytm discounts with my HDFC Regalia Gold credit card, I saved a whopping ₹56,720 all without any inconvenience.
Purchasing Discounted Vouchers on Paytm
Rather than paying directly at the jewelry store, I purchased Kalyan Jewellers vouchers through Paytm. Every voucher of ₹1,00,000 was available for ₹96,960, providing an immediate 3.13% discount.
Voucher Cost Breakdown:
Total Amount of Vouchers Purchased: ₹14,00,000
Amount Paid through Paytm: ₹13,57,440
Savings on Vouchers Upfront: ₹42,560
Earned Credit Card Reward Points
I utilized my HDFC Regalia Gold credit card for the Paytm transactions.This card gives 4 reward points for each ₹150 spent, and here I have earned reward points for the entire amount.
Credit Card Rewards Calculation:
Total Spend: ₹13,57,440
Points Earned:
₹13,57,440 ÷ 150 × 4 = 36,198 reward points
Value of Points (₹0.39 per point for travel redemption):
36,198 × ₹0.39 = ₹14,100 (approx.)
Hassle-Free Experience
The entire process from purchasing vouchers on Paytm to redeeming the vouchers at the Kalyan Jewellers store was smooth and easy. I could use the vouchers like cash and even in conjunction with offers in the store, such as reduced making charges on a few pieces of jewellery.