Credit Card rewards could Significantly Lower the Cost of the Upcoming iPhone 17
New Delhi: As anticipation builds for the iPhone 17’s release, several credit card options promise considerable cashback and rewards points that could significantly reduce the device’s price, according to a recent analysis of available deals.
Several cards offer benefits when purchasing directly from Apple or through other retailers. Here’s a breakdown of potential savings:
HDFC DCB Metal/Biz Black Card: Diners Club black and Biz Black Metal Edition cards both offer 5 Reward Points (RP) for every rs 150 spent. Redeeming points via HDFC’s SmartBuy net banking portal values one RP at up to Rs 0.5, meaning 1,000 RP equals up to Rs 500. Accumulating 4,995 RP, plus an additional 10 RP per Rs 150 spent through SmartBuy, could yield around 14,995 RP, lowering the iPhone 17 Pro Max’s effective cost.
ICICI Emerald Private Metal Card: This card provides a flat Rs 5,000 cashback on purchases made directly through Apple’s official website. It also earns 6 RP per Rs 200 (3 RP per Rs 100). Combining the cashback with additional points could bring the iPhone 17 Pro Max price down to around Rs 1,44,900, with further reductions from accumulated points.
ICICI Emeralde Private Metal Credit Card: (Invite-only) Purchases of iShop vouchers (redeemable at Croma) earn 18 RP per Rs 100, capped at 18,000 points. additional spending earns 3 RP per Rs 100. Totaling 18,000 RP with 1,497 additional RP could significantly reduce the iPhone 17 Pro Max’s cost.
Axis Magnus Burgundy credit Card: This card offers 12 EDGE reward points for every Rs 200 spent, up to Rs 1.50 lakh, and 35 EDGE reward points per Rs 200 for spending exceeding that amount. A flat Rs 5,000 cashback is available on all Axis cards, initially reducing the iPhone 17’s (starting at Rs 82,900) cost to Rs 77,900, with further savings from accumulated EDGE rewards.
Cashback Focused Cards:
* SBI Cashback Card: Offers 5% cashback on all online transactions, capped at Rs 5,000 per statement cycle. This translates to Rs 4,145 cashback on an iPhone 17 purchase.
* Amazon Pay ICICI Credit Card: Amazon Prime members earn up to 5x reward points per Rs 100 spent, while non-Prime members earn 3x.
* Flipkart Axis Credit Card: Provides 5% cashback on Flipkart spending, capped at Rs 4,000 per quarter per merchant, possibly yielding up to Rs 4,145 cashback on an iPhone 17 purchased through Flipkart.
