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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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
Tech Guru Tech Guru
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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.

Commentator Commentator
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You can do it. No problem.
Finance Mentor Finance Mentor
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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.
 

Finance Mentor Finance Mentor
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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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