Multiply credit card rewards with SmartBuy, Reward Multiplier, and Gift Edge! How?
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.
Most people use credit cards for online transactions or in-store purchases, earning base reward points. However, you can significantly boost these points—up to 10 times—by purchasing gift vouchers instead. Banks like HDFC, Axis, and American Express offer platforms for buying gift vouchers from various brands. By using these vouchers for payments at merchants, you can enhance your credit card rewards. Here’s how it works.
HDFC Bank SmartBuy Platform
On the SmartBuy platform, HDFC Bank credit cardholders can buy instant vouchers and get up to five times reward points instead of the base reward rate. The platform has instant vouchers of more than 100 online and offline brands. The brands are spread across categories like grocery, fashion, travel, entertainment, wellness, electronics, etc. The gift vouchers of some well-known brands include Amazon, Croma, Lifestyle, PVR, Pizza Hut, ITC Hotels, Swiggy, Reliance Smart, etc.
The multiple for the reward points depend on the HDFC Bank credit card that you hold.
| HDFC Bank credit card | Reward points multiple for instant vouchers |
| Infinia | 5X |
| Diners Black | 3X |
| Diners Black Metal | 3X |
| Biz Black Metal | 3X |
| Regalia | 5X |
| Diners Privilege | 5X |
| BizPower | 5X |
| Other credit cards | 5% cashback |
American Express Gold Card holders can earn up to 5X reward points by purchasing gift vouchers instead of using their card directly for transactions. Additionally, users can access the Reward Multiplier platform to shop from merchants like Flipkart. By clicking “Shop Now,” entering their card details, and proceeding to the merchant’s website, they can earn multiple reward points based on their card.
To address the lower acceptance of American Express compared to HDFC Bank cards, checking for available gift vouchers on the Reward Multiplier platform can provide higher rewards and discounts. Users should also be aware of monthly limits on reward points and the amount of gift vouchers they can purchase for certain brands. For more information, it’s best to consult the Reward Multiplier website.
Axis Bank Gift Edge Platform
Axis Bank credit cardholders can purchase gift vouchers from the Gift Edge platform, earning instant discounts and up to 10% in GyFTR Coins. While HDFC and American Express cardholders earn multiple reward points, Axis users benefit from GyFTR Coins, valued at Rs. 1 each, which can be redeemed for gift vouchers on the same platform.
Like the HDFC SmartBuy and American Express Reward Multiplier, the Gift Edge platform imposes monthly limits on specific brands for voucher purchases, but there’s no cap on earning GyFTR Coins.
During the festive season, it’s advisable to check if gift vouchers are available for planned purchases. By using these vouchers instead of directly charging to your credit card, you can enjoy instant discounts and enhance your reward points.
