How to multiply credit card rewards with SmartBuy, Reward Multiplier, and Gift Edge?

Credit card users can enhance reward points by purchasing gift vouchers instead of swiping cards directly. Platforms like HDFC SmartBuy and American Express Reward Multiplier offer up to 10X points across various brands, providing instant discounts and maximizing rewards during the festive season.

Published on October 3, 2024 14:02 IST

Credit card: Multiply bonus points on a credit card using platforms such as Smartbuy, Reward Multiplier and Gift Edge

Most of us use our credit cards directly for online operations or bring them to a machine at a sales point (POS). At the same time, we get the main bonus points. But what if we tell you that you can multiply your loyalty points (up to 10 times) if you pay with gift cards instead of direct use of a credit card?

Banks such as HDFC Bank, Axis Bank, American Express and others have separate platforms for buying such gift cards. When buying gift cards of various online and offline brands on these platforms, you can increase the bonus credit card points. Then you can use gift cards in online/offline stores for payment. Let's find out how to do it.

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HDFC Bank SmartBuy Platform

Smartbuy プラットフォームでは、 HDFC 銀行のクレジットカード保有者はインスタントバウチャーを購入し、基本ポイント還元率の代わりに最大 5 倍のボーナスポイントを獲得することができる。インスタント・バウチャーは、 100 以上のオンライン・オフライン・ ブランドで利用できる。ブランドは、食料品、ファッション、旅行、エンターテイメント、ウェルネス、エレクトロニクスなど様々なカテゴリーに分かれている。有名ブランドのギフトバウチャーには、 Amazon 、 croma 、 lifestyle 、 pvr 、 pizza hut 、 itc Hotels 、 Swiggy 、 Reliance Smart などがある。

ボーナスポイント数は、お持ちの HDFC Bank クレジットカードによって異なります。

HDFC 銀行クレジットカード

インスタントバウチャーで複数のボーナスポイント

ダイナースブラックメタル

Biz ブラックメタル

その他のクレジットカード

上の表は、インフィニアカード会員が 5 倍、ダイナースブラックカード会員が 3 倍のボーナスポイントを獲得できることを示している。複数のボーナスポイントが貯まるだけでなく、多くのブランドのインスタントバウチャーの割引も 受けられる。カード会員は、加盟店から直接カードを使用／渡す代わりに、そのブランドからオンライン／オフラインのインスタントバウチャーを購入し、そのバウチャーで支払う必要がある。

Smartbuy プラットフォームでは、ダイレクトバウチャーの他にも、以下のようないくつかのカテゴリーで最大 10 倍のボーナスポイントを提供している：

1. Nykaa 、 myntra 、 jockey 、 pharmeasy などのオンラインショッピング
2. ホテル、航空券、バス、鉄道チケットなどの予約
3. Tressor でアップル製品を購入する
4. Makemytrip で旅行パッケージを予約する

Reward points multipliers range from 3x to 10x depending on the credit card and online retailer the transaction is made with. There is a monthly limit on the number of points earned. For certain brands, there is also a limit on the number of gift cards that can be purchased in a month. For more information, please visit the SmartBuy website.

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American Express Reward Multiplier Platform

On the Reward Multiplier platform, American Express credit card holders have the option to purchase gift cards and earn up to 5 extra points in exchange for the base rate. The Reward Multiplier platform, like the SmartBuy platform, offers gift cards from over 100 online and offline brands.

Reward points multipliers vary depending on the American Express credit card you have.

American Express Credit Cards

Gift Card Points Multiplier

Platinum Replacement Credit Card

Platinum Credit Card for Travelers

Membership Rewards Credit Card

SmartEarn Credit Card

The above table shows that American Express Gold Card holders are likely to earn up to 5x bonus points by receiving a gift card instead of using their card online/in-store.

Apart from gift cards, another way to multiply your bonus points is by visiting online shops through the Reward Multiplier platform. For example, if you want to shop at a Flipkart shop, go to the Reward Multiplier platform. Under the Flipkart logo, you will find a "Shop Now" button. Click on it.

On the corresponding page, enter your 15-digit American Express credit card number and 4-digit security code and click "Submit". You will be redirected to the Flipkart website. Shop as usual on the Flipkart website and pay with your American Express credit card. In exchange for your base bonus points, you will be given bonus points based on the type of American Express credit card you have.

American Express credit cards are less accepted than HDFC Bank credit cards issued on Visa and MasterCard platforms. To solve your American Express credit card issue, check if gift cards of this brand are available on the Reward Multiplier platform. If so, paying with a gift card will allow you to get more bonus points and instant bonuses, and also solve your credit card issue.

Find out the limit on the number of points you can earn each month. Additionally, there is a limit on the number of gift cards of a particular brand (e. g. Amazon Pay gift cards) you can purchase each month. For more information, see the Rewards Multiplier website.

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Axis Bank Gift Edge Platform

Axis Bank credit card holders have the opportunity to purchase gift cards of any brand on the Gift Edge platform. What makes it great: Instant bonuses and up to 10% GyFTR tokens. While HDFC and American Express cardholders get a lot of bonus points, Axis Bank cardholders get GyFTR tokens. For gift cards of various brands, the percentage of GyFTR coins offered varies and is up to 10% of the price of the gift card purchased.

The price of 1 GyFTR token is 1 rupee. GyFTR coins can be used/redeemed for purchasing gift cards of various brands on the Gift Edge platform.

Like HDFC Smart Buy and American Express Rewards Multiplier platforms, Axis Bank Gift Edge platform has a monthly limit for purchasing gift cards of a particular brand. However, there is no limit on the number of GyFTR tokens you can earn.

Multiply your reward points this festive season

The festive season has already begun. You are surely planning to make some major purchases, both online and offline. Check if branded gift cards are available instead of making payments directly with your HDFC Bank/Axis Bank/American Express credit card. If possible, purchase branded gift cards on the above platforms and use them for payments. You can definitely earn instant bonuses and multiply your credit card reward points with gift vouchers.

Gopal Gidwani is a freelance content creator on his money with 15 years of experience. You can connect with him on LinkedIn.