https://www.desidime.com/discussions/are-american-express-credit-cards-amex-worth-the-high-annual-fees?page=1#post_9096767
Most people I know take them only FYF. The ones with high salaries and ITRs keep them after first year.
are American Express credit cards (amex) worth the high annual fees?
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https://www.desidime.com/discussions/are-american-express-credit-cards-amex-worth-the-high-annual-fees?page=1#post_9097008
It depends on your usage. if you spend more than 1.5 lacs on CC, its an amazing card for rewards
If you know the tips and tricks, they cost free to you. E.g. membership rewards is 1k first year and 4500 next year. It offers 1000 rewards points for 4 swipes above 1500 every month. if you just take minimum conversion, its 3000 rs directly. If you spend 1.5 lac, your yearly fee is waived, if you spend 90k, your annual fee is halved. You can also add points and redeem for 18/24k rewards giving approx 40%+ if you redeem for Tanishq/Shoppers stop/BB vouchers
Membership Rewards Card | Membership Rewards | Amex IN (americanexpress.com)
You can DM me for referral which will give you 2,000 Bonus Membership Rewards® points when you spend INR 5,000 within 90 days of Cardmembership* + Zero* First Year Fee on being referred* (Saving of INR 1,000)
https://www.desidime.com/discussions/are-american-express-credit-cards-amex-worth-the-high-annual-fees?page=1#post_9097288
DJBRIGHT wrote:It depends on your usage. if you spend more than 1.5 lacs on CC, its an amazing card for rewards
If you know the tips and tricks, they cost free to you. E.g. membership rewards is 1k first year and 4500 next year. It offers 1000 rewards points for 4 swipes above 1500 every month. if you just take minimum conversion, its 3000 rs directly. If you spend 1.5 lac, your yearly fee is waived, if you spend 90k, your annual fee is halved. You can also add points and redeem for 18/24k rewards giving approx 40%+ if you redeem for Tanishq/Shoppers stop/BB vouchers
Membership Rewards Card | Membership Rewards | Amex IN (americanexpress.com)
You can DM me for referral which will give you 2,000 Bonus Membership Rewards® points when you spend INR 5,000 within 90 days of Cardmembership* + Zero* First Year Fee on being referred* (Saving of INR 1,000)
Whats the onboarding process? VkYC or physical verification? I live in area where amex is not present.
https://www.desidime.com/discussions/are-american-express-credit-cards-amex-worth-the-high-annual-fees?page=1#post_9097519
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Ramushamu23 wrote:Whats the onboarding process? VkYC or physical verification? I live in area where amex is not present.
I think it's vkyc but when you apply, as soon as you put your address, it will confirm you.
https://www.desidime.com/discussions/are-american-express-credit-cards-amex-worth-the-high-annual-fees?page=1#post_9099074
They are not worth. No offline places accept them and for online, you always find better offers with other cards. Their spend based offers are irrelevant in these days of minimum 5 percent cashback, discount readily available with other cards and with their long fullfillment period of 180 days for very marginal benefit does not make sense.
Other people are being positively marketed on Amex cards as they offer liberal referral benefits for those who hold them now.
https://www.desidime.com/discussions/are-american-express-credit-cards-amex-worth-the-high-annual-fees?page=1#post_9099471
brucelee wrote:Offline acceptance is not bad at all. Besides DMart and other corporate stores, I tried using it at mid-range restaurants (500ish per head) in Mumbai and they usually accept it.They are not worth. No offline places accept them and for online, you always find better offers with other cards. Their spend based offers are irrelevant in these days of minimum 5 percent cashback, discount readily available with other cards and with their long fullfillment period of 180 days for very marginal benefit does not make sense.
Other people are being positively marketed on Amex cards as they offer liberal referral benefits for those who hold them now.
But I'll agree that only MRCC is worth it, nothing else. The next tier cards are only really worthwhile if you're a 5 star hotel user.
https://www.desidime.com/discussions/are-american-express-credit-cards-amex-worth-the-high-annual-fees?page=1#post_9100603
MRCC + smartearn(coplimentory ) is best combo = 3.8% return overall ,7.7 on 10X partner like uber/flipkart/amazon , DM me for ref.
https://www.desidime.com/discussions/are-american-express-credit-cards-amex-worth-the-high-annual-fees?page=1#post_9100647
demerius2020 wrote:MRCC + smartearn(coplimentory ) is best combo = 3.8% return overall ,7.7 on 10X partner like uber/flipkart/amazon , DM me for ref.
Where u r using mrcc to complete 1500*4 txns?
https://www.desidime.com/discussions/are-american-express-credit-cards-amex-worth-the-high-annual-fees?page=1#post_9101033
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I_AM_5RAV5 wrote:Where u r using mrcc to complete 1500*4 txns?
paytm phonepay wallet to pay for grocerry/local shop
https://www.desidime.com/discussions/are-american-express-credit-cards-amex-worth-the-high-annual-fees?page=1#post_9101226
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demerius2020 wrote:paytm phonepay wallet to pay for grocerry/local shop
Paytm is charging 4.3 for wallet load? Don't you have charges?
https://www.desidime.com/discussions/are-american-express-credit-cards-amex-worth-the-high-annual-fees?page=1#post_9101478
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I_AM_5RAV5 wrote:Paytm is charging 4.3 for wallet load? Don't you have charges?
uber/zomato/swiggy thru
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