iPhone 17 for just Rs 24,338? Reddit user shares smart strategy to save big, internet is impressed

A Reddit user reportedly purchased an iPhone 17 for just Rs 24,338, significantly below its Rs 82,900 retail price. This was achieved through a combination of bank discounts, cashback, selling an old iPhone, and claiming GST benefits. He shared th...

Iphone 17 for Rs 24338 Reddit post
iPhone 17, available on FlipKart, Amazon and other e-commerce platforms for Rs 82,900, was bought by a user just for Rs 24,338. A user on Reddit claimed buying iPhone 17 for under Rs 25,000 using discounts, cashback, resale, and GST benefits.

ALSO READ: Raghav Chadha's BJP move has a lesson from corporate employees


iPhone 17 for Rs 24,338

In a post on Reddit, the user revealed that the base price of the device was Rs 82,900. First, he applied for an ICICI bank card discount of Rs 3,000 and a store discount of Rs 2,000. Additionally, he received Rs 1,532 as cashback from an SBI credit card, bringing the effective price down to Rs 76,368.


ALSO READ: 'Dad should not even touch my body, I hope no one gets...': 23-year-old UP lawyer blames father in his WhatsApp suicide note

Moreover, the user claimed an 18% GST on the purchase, which he estimated at around Rs 12,000. After this adjustment, the final effective cost of the model came to approximately Rs 24,338.

To reduce the cost further, he sold his 25-month-old iPhone 15 (256GB variant) for Rs 40,000. This lowered the net expense to Rs 36,368, the user shared on AppleIndia Reddit community recently.

ADVERTISEMENT
The user also highlighted additional benefits tied to the purchase. He claimed that a recent collaboration between iPlanet and IndiGo earned him around 24,000 “Blue Chips”.

“Because of the recent iPlanet x Indigo collaboration, I got around 24,000 blue chips. Can use this to book flights in the Indigo app. Can book atleast 2 chennai - delhi flights or 4 chennai - Hyderabad/ Bangalore flights,” he said.

Here is the breakdown :

Base Price - 82,900

ADVERTISEMENT
Icici card discount - 3,000

Store discount - 2,000

ADVERTISEMENT
Sbi card cash back : 1,532

82,900 - 3,000 - 2,000 - 1,532 = 76,368

(i swiped around 30k using sbi cashback card and rest using icici card)

Sold my 25 months old iPhone 15 256gb for 40,000

76,368 - 40,000 = 36,368

Also claimed 18% gst on my iPhone, which is Around 12,000

36,338 - 12,000 = 24,338

Bonus stuff :

Because of recent iplanet x Indigo collaboration. Got around 24,000 blue chips. Can use this to book flights in indigo app. Can book atleast 2 chennai - delhi flights or 4 chennai - Hyderabad/ Bangalore flights

Apple care :

Base price for 2 years 14,900

Store gave 4,000 instant discount :

14,900 - 4,000 =10,900

10,900 - 5% =10,355 (SBI Cash-back card )

Claimed 18% GST for apple care which is approx 2k

10,355 - 2,000 =8,355 for 2 years!

How netizens reacted

As the post gained traction, many users were impressed by the person's meticulous strategy. “This is what you should do. Best advice/way to buy a new phone/device. I will definitely use this,” a person commented on the post. “If you subtract the bluchips, he basically got the iphone for free,” another said.

Disclaimer: This article is based on a user-generated post on Reddit. ET.com has not independently verified the claims made in the post and does not vouch for their accuracy. The views expressed are those of the individual and do not necessarily reflect the views of ET.com. Reader discretion is advised.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Trending › iPhone 17 for just Rs 24,338? Reddit user shares smart strategy to save big, internet is impressed
Text Size:AAA
Success
This article has been saved

*

+