vaibhavshoran
KF Ace
Looking forward to get my first American Express card. I'm not interested in luxury hotel benefits. Is it worth it?
American Express Credit Card
- Thread starter vaibhavshoran
- Start date
I dont think It would be beneficial if you are not into travel. Other cashback cards like sbi cashback, axis airtel and hdfc swiggy serve the purpose better in this scenario. However if you want to try you can go for Amex smart Earn with fee of 495+ gst.
You get renewal fee waiver for spend on 40k and get 500 cashback on spendjng 10k within 90 days of getting the card. And can earn rs 500/- voucher for spending 1.2 lakh, 1.8 lakh and 2.4 lakh. Also you get 10x points for purchase at some sites like zomato bms nyka etc and 5x points at amazon.
But i would strongly recommend other cashback cards. DM if you want referral.
You get renewal fee waiver for spend on 40k and get 500 cashback on spendjng 10k within 90 days of getting the card. And can earn rs 500/- voucher for spending 1.2 lakh, 1.8 lakh and 2.4 lakh. Also you get 10x points for purchase at some sites like zomato bms nyka etc and 5x points at amazon.
But i would strongly recommend other cashback cards. DM if you want referral.
zacobite
KF Mentor
amex primary benefits are travel related for max value
You can convert to air miles and utilize for your flights if you do not want to utilise the points on hotel stays.. MRCC or Gold charge card will give you decent value for lower monthly spends as well..
Also I can vouch for their customer service which is top notch..
vaibhavshoran
KF Ace
Flight/ train (travel) benifits are appreciated but I am not interested in getting best reward redemption value just for taj/ Marriott or any other luxury hotels.
For reference, currently I'm holding HDFC Regalia Gold and SBI BPCL Octane.
Also, is the value of reward points same for all AMEX cards?
Thanks in advance.
Yes reward points are same for all amex cards. And good thing about them is they don’t expire till you hold the card. You can book flights. Value of redemption can range from Rs 0.50/- to even Rs 2/-. As quoted by AVN mrcc or gold charge give good return for minimal spends. But my fav is gold in both.
If one is not planning on utilising the reward points for travel(flights/Hotels) then by planned monthly minimum spends on Amex you can get around minimum 4% valueback by redeeming against Flipkart/Amazon vouchers.
I.e. if we take MRCC card then by routing 20k of your monthly spends you can hit two spend based milestones and get between 2k to 2.8k reward points a month.
Amazon/Flipkart vouchers will give you a value of 33p/ reward point. Hence Around 4% valueback.
Other voucher options will also give you higher value.
+ Annual fees is waived off for MRCC at 1.5lakhs annual spend.
I.e. if we take MRCC card then by routing 20k of your monthly spends you can hit two spend based milestones and get between 2k to 2.8k reward points a month.
Amazon/Flipkart vouchers will give you a value of 33p/ reward point. Hence Around 4% valueback.
Other voucher options will also give you higher value.
+ Annual fees is waived off for MRCC at 1.5lakhs annual spend.
Kudos on having two of the best cards in the market.. I personally believe that SBI octane is the best fuel card and the added lounge benefit is icing on the cake..
Regalia gold is great for smartbuy portal and a good card in general. + Stepping stone to Infinia
