If you shop online, chances are you would have seen an Amazon Pay payment option on most websites. Amazon’s own payment wallet ‘Amazon Pay’ is going places. In the past 2 years, we have used it for insurance payments, utility bills, shopping, food orders, and a lot more. But why use Amazon Pay instead of credit cards which give us a minimum of 1% cashback? Because using Amazon Pay can give us over and above 5% discount on all purchases. Sounds interesting? It is simple – all we need to do is buy Amazon gift cards at a discount and add them to our Amazon Pay account. In this post, we discuss three portals where we can buy Amazon gift cards at a discount from 5% to 14%.
HDFC Bank – Smartbuy Gyftr Amazon Pay Gift Cards
HDFC Bank Smartbuy is the pioneer when it comes to accelerated credit card rewards. We can buy Amazon gift cards from Gyftr Instant Vouchers which is one of the partners on Smartbuy. We can buy Rs 10000 worth of Amazon gift cards per month from Smartbuy. The rewards vary from 3.5% to 15% as per the debit/credit card variant. The reward rates take into account the 1.5% processing fees that Smartbuy recently added for Amazon gift cards.
- Infinia: 15%
- Diners Club Black: 8.5%
- Regalia and Diners Club Privilege: 5%
- All other credit cards and debit cards: 3.5%
HDFC Bank – Smartbuy Gyftr Amazon Shopping Gift Cards
HDFC Bank Smartbuy has also added Amazon Shopping gift vouchers. We can buy Amazon Shopping GV from Gyftr Instant Vouchers which is one of the partners on Smartbuy. We can buy Rs 10000 worth of Amazon shopping GV cards per month from Smartbuy. This is in addition to the 10K cap on Amazon Pay vouchers listed above. The rewards vary from 5% to 16% as per the debit/credit card variant. Also, there is no processing fee on Amazon Shopping Vouchers for now.
- Infinia: 16%
- Diners Club Black: 10%
- Regalia and Diners Club Privilege: 6.5%
- All other credit cards and debit cards: 5%
InterMiles
InterMiles is more for booking flights. But we can use InterMiles for buying Amazon gift cards as well. We get a 5% discount on Amazon gift vouchers in Digi Stores. For example, if we buy a Rs 2500 Amazon GV then we can use 305 InterMiles for getting Rs 125 discount. This is a value of 40 paise for each InterMile. Plus, we also get card rewards on top of this which can be 3.3% for Infinia/DCB/Ultimate. A maximum of Rs 50000 worth of gift vouchers can be purchased every month from InterMiles.
Axis Bank – Gyftr Amazon Pay Gift Cards
Axis Bank’s Grab Deals partner Gift Edge is another source for buying Amazon gift cards with 3X rewards. We can buy Rs 10000 worth of vouchers every month. With 3X rewards, we get the below return for different variants. We also get the bonus of 25000 EDGE RP on Magnus if we complete Rs 1 Lakh spend in a month.
| Credit Card | Regular Earn Rate | 3X Earn Rate |
|---|---|---|
| Burgundy Private, Reserve | 15 RP/Rs 200 ~1.5% | 45 RP/Rs 200 ~4.5% |
| Magnus | 12 RP/Rs 200 ~1.2% | 36 RP/Rs 200 ~3.6% |
| Select, Signature, Privilege | 10 RP/Rs 200 ~1% | 10 RP/Rs 200 ~3% |
Axis Bank – Gyftr Amazon Shopping Gift Cards
Axis Bank’s Grab Deals partner Gift Edge has also added Amazon Shopping gift vouchers with 5X rewards. The shopping vouchers can only be used for buying products from Amazon and cannot be used for bill payments or Amazon Pay gateway payments. With 5X rewards, we get the below return for different variants. We also get the bonus of 25000 EDGE RP on Magnus if we complete Rs 1 Lakh spend in a month. We can buy up to Rs 50000 worth of Amazon shopping vouchers in a calendar month. This is in addition to the 10K cap on Amazon Pay vouchers listed above.
| Credit Card | Regular Earn Rate | 5X Earn Rate |
|---|---|---|
| Burgundy Private, Reserve | 15 RP/Rs 200 ~1.5% | 75 RP/Rs 200 ~7.5% |
| Magnus | 12 RP/Rs 200 ~1.2% | 60 RP/Rs 200 ~6% |
| Select, Signature, Privilege | 10 RP/Rs 200 ~1% | 50 RP/Rs 200 ~5% |
SBI Yono and SBI Card Gyftr – Amazon Pay Gift Cards
SBI Yono Gyftr and SBI Card Gyftr are two little-known portals for discounted Amazon vouchers. We can buy Amazon GVs at a 2.5% to 3% discount using any SBI credit card. This can be a good deal for SimplyCLICK and Cashback cards where we get accelerated rewards on online spending.
Final Thoughts
These are some of the sources from where I have been buying Amazon gift cards at a discount for my spending. This is also a good way to meet those spending offers and annual fee waiver targets on credit cards.
So, go ahead and explore, and do not forget to use Amazon Pay wherever it is available. 🙂
22 thoughts on “Buy Amazon Pay and Shopping Gift Cards at a 5% to 14% Discount”
None of the options are working,
Gyftr is charging 3.5% processing fee on amazon pay gift cards & SBI yono is throwing some error called “Validation Error” while adding Gift cards to cart.
Do we have any other options to purchase amazon pay gift cards at discounted price
Are we gonna receive the 3x edge reward points for flipkart, ace or myzone cards?
Yes on My Zone card
i feel Regalia and higher HDFC cards are better for purchasing the AmazonPay or Amazon shopping gift cards than Axis Magnus until n unless you are covering 1L miltestone target
Not really. Magnus still earns miles at a far higher rate than other cards when it comes to Gift Edge.
so can we buy 10000 rs amazon pay vouchers from axis giftedge using different gyftr accounts and same credit card in a month ,as t&c say limit is for a registererd mobile no?
The limit is also for the same credit card as well.
Please confirm Axis signature card means Axis vistara signature or is there any card with signature name.
There is another card Axis Bank Signature which is not issued anymore.
Hdfc smartbuy is allowed more than 10k amazon shopping voucher
SBI one is not working anymore, It was available till 11th October 2022.
Hello,
HDFC Smartbuy seems to have this T&C attached now:
Please note: There is a Processing Fee of 1.25% + GST on Amazon Pay Gift Cards
So that would mean this method has been devalued, correct?
Hi Rashid, This was there earlier as well. I have factored in the returns net of the processing fee.
Which card would you recommend considering I spend around 10-15k per month? Airmiles would be of interest but looking at spends to achieve enough to get free tickets looks out of game for me.
For that much spends, would recommend you to look at simple cashback cards for now. Please check the best credit cards list.
HDFC smartbuy allows purchase of only ₹5000 worth Amazon vouchers
It is back to Rs 10000 per month for now.
Amazon vouchers (infact all vouchers) have been removed from Amex Multiplier portal
It is because of the ongoing maintenance of the MR points platform. It will be back by 15th May as per Amex customer care.
It’s still not there.
Gyftr axis Bank gives 3x edge points. You’ve mentioned above that by using gift edge redirection from grab deals, we get 5x points, but i can’t find that info anywhere. Can you provide the source please. The gift edge page mentions UP to 10x points.
Amazon Pay is 3X rewards and Amazon Shopping Vouchers is 5X rewards. Please click on the respective links in the article to see the same on the Axis Bank portal.