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American express  Reward Multiplier Program

American express Reward Multiplier Program

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starbearer

American express is ramping up its efforts to fill in the rewards gap that is being felt in the industry,  with several players significantly downgrading their reward programmes.

https://www.americanexpress.com/in/benefits/rewards-program.html

Shopping on platforms  like Amazon and flipkart, apart from other brands,  can attract impressive reward points.

Coupled with other significant reward benefits on individual cards,  this could be a worthwhile spend and earn opportunity.

5X on  Amex is quite generous, must be said.


Unrelated,  if anyone needs an Amex card reference,  I’ll be  happy to help.

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Deal Subedar Deal Subedar
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You beat me to it. I was also going to post it.
BTW, isn’t 5x only for platinum card?

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Indeed. Clicking on that link, one can see under the various headings, exactly which card is eligible for 5X, 3X or 2×.

Platinum cards cost a bomb, so they have the highest rewards. MR card is relatively easily obtainable, plus 1K points per month extra on 4 transactions of 1K each, so 2X only.

Any X, X > 1, on Amex is a bonus, especially on frequently used platforms.

Yes cart also gives 5X, but value of yes rewards is poorer.

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Deal Subedar Deal Subedar
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5X is only for Platinum cards which has an annual fees of 60K. Next tier would be 3X for platinum travel/reserve card.
Gold and MRCC is 2X. Exclusion list seems similar to Yono. All mobiles from FK excluded sad

Deal Subedar Deal Subedar
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My 2 cents for Gold and MRCC guys. Here’s my calculations:

So if you spend 6L on your gold or MRCC. U get normal 12000 points. If u use this multiplier u potentially earn 12000 more. So that turns out to be 24000 which is equivalent to 9000 credit. Potential earnings of 1.5% on card totally. This is excluding the bonus monthly you get.

Deal Subedar Deal Subedar
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But not all items allowed in the offer ..

Many mobiles, big appliances, GC buying etc excluded

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Where are detailed tnc and exclusions mentioned?

Deal Lieutenant Deal Lieutenant
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Worst card I have seen. No discount in any of shopping site. Regretting for having it

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All Amex cards? Or the platinum one?

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Deal Subedar Deal Subedar
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Going through the shop now link in amex site is compulsory?

Deal Subedar Deal Subedar
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Only 2X on my gold card so using Flipkart axis card on Flipkart and ICICI amazon card on Amazon would be far better than this one.

Deal Cadet Deal Cadet
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For online shopping, absolutely nothing beats Amazon Icici card. 5% unlimited reward rate is top notch.
Edit: think some diners card may beat it (diners black i think)

Deal Subedar Deal Subedar
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But that’s only if u have Amazon prime activated

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