Does Amex MRCC give reward points on wallet money add?

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Budhe-Baba

Such as Paytm wallet money add?

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Deal Cadet Deal Cadet
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Yes, it does give.

Have tried Paytm recently as my wallet is frozen. Tried Amazon it's working.

Paytm gift cards working.

Pro Community Angel Pro Community Angel
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Yes
Deal Subedar Deal Subedar
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Yes it works always.

Deal Newbie Deal Newbie
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Is it going to be a problem if we load mobikwik wallet and then use it for credit card bill payment?
I have both charge card and mrcc and with 1K bonus points on 6K spend, it would still be beneficial after wallet payment charges by mobikwik.

Deal Cadet Deal Cadet
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kkk05 wrote:

Is it going to be a problem if we load mobikwik wallet and then use it for credit card bill payment?
I have both charge card and mrcc and with 1K bonus points on 6K spend, it would still be beneficial after wallet payment charges by mobikwik.

You can do it. No problem.
Deal Subedar Deal Subedar
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You can't pay through MK wallet (or without additional charges) for CC Bill if I'm not mistaken. @kkk05

Deal Newbie Deal Newbie
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@agnivo007 There are additional charges for paying cc bill or transfer to bank through wallet. But it might still workout better as with bonus points, the reward rate is 7-8% with amex.

I have 50K NPS payments, and may be around 30-40K bills for which I can buy amazon gift cards. Now if I pay around 2.5K per month like this, my total expenditure will come to 1.1-1.2L which will be enough to get 18K needed for gold collection and some points still remaining. That is Rs7000. For mobikwik wallet transactions, even assuming 4% charges, I would still be saving 1000+ per year as proportionate reward value for 30K would be more than 2.5K.

Now the question is, there might be better way of doing this but I don't want to go through all the hoops for avoiding charges.
 

Deal Subedar Deal Subedar
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@kkk05 If you substitute MK with Paytm, how is the story then?

Deal Newbie Deal Newbie
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@agnivo007 Similar costs. Paytm charges 3% (inc. gst) for loading with amex card. Up to 5K per month can be taken to bank account without charges.

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