are American Express credit cards (amex) worth the high annual fees?

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jain01010199
are American Express credit cards (amex) worth the high annual fees?
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Savings Mentor Savings Mentor
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Most people I know take them only FYF. The ones with high salaries and ITRs keep them after first year.

Deal Cadet Deal Cadet
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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)

Deal Cadet Deal Cadet
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Whats the onboarding process? VkYC or physical verification? I live in area where amex is not present.

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Deal Cadet Deal Cadet
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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.

Deal Cadet Deal Cadet
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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.

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.
Generous Generous
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MRCC + smartearn(coplimentory ) is best combo = 3.8% return overall ,7.7 on 10X partner like uber/flipkart/amazon , DM me for ref.

Helpful Helpful
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Where u r using mrcc to complete 1500*4 txns?

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