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How to make 4 1500 trxns using Amex card for optimal benifit

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Deal Subedar
NewLife

Hello Everyone,

Till last month was able to do 4 Amex trxns by adding amount to Paytm @ Zero Charges. Is there any such way to do so now?

If can't reveal it over here please share in my DM😉.

Thanks in advance 😄

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Post Mogul Post Mogul
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If you’re using gold charge card or platinum travel card, go for Amex rewards multiplier to buy some gift cards. Gold charge rewards become 5x and platinum travel 3x respectively. No multiplier for MRCC I think, just FYI.

So earn more on your spends as well as monthly milestone benefit. Only issue is, if you can’t use your voucher you will probably end up selling at a small discount on trading section.

correction: @starbearer below has rightly pointed out MRCC will also give 2X on Amex Reward Multiplier.

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MRCC has 2X multiplier.

Critic Critic
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Amex Reward Multiplier portal does not have amazon gift card(maybe amazon shopping voucher now available).
Deal Cadet Deal Cadet
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So far I am adding to paytm. Adding 5000/- for 4 times. Paytm charges 528/- for adding 20000/- and i am getting around 308/- as fuel cash back. So 528-308=220/- loss for me. But I am getting 2000 bonus points + 410 points on spend. Total 2410 points that have a value of 915/-. So 915-220= 695/- profit for me 
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Pro Entertainer Pro Entertainer
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@sriram

Benevolent Benevolent
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@Seinfeld

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I also need to know 

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invest in NPS tier 1 6k a month avail 80 ccd deduction in IT

Deal Subedar Deal Subedar
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Charges bro?
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Post Mogul Post Mogul
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If you’re using gold charge card or platinum travel card, go for Amex rewards multiplier to buy some gift cards. Gold charge rewards become 5x and platinum travel 3x respectively. No multiplier for MRCC I think, just FYI.

So earn more on your spends as well as monthly milestone benefit. Only issue is, if you can’t use your voucher you will probably end up selling at a small discount on trading section.

correction: @starbearer below has rightly pointed out MRCC will also give 2X on Amex Reward Multiplier.

Deal Subedar Deal Subedar
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Thnks for your suggestion but unfortunately mine is MRCC
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Deal Subedar Deal Subedar
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@Alex15  

 @starbearer

2x is like regular rewards + 2 times extra 

or overall

2x ?

Post Mogul Post Mogul
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It's 2x of the regular rewards rate of 1MR per ₹50 spent.

Like ₹1500 gives you 30*2=60 MR. And you do 4 such transactions and you get 240MR (120 regular + 120 RM) and 2000 milestone rewards.

Total 2240MR for ₹6000 spent.

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Deal Lieutenant Deal Lieutenant
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@NewLife bro buy 1500*4 amazon and get 1240 points worth 496 i.e. 8.26% cashback

I have earned a lott of points via MRCC - for me its the best card

referral earnings are also good enough - 3 referrals done in last 15 days which gave me 24k points minus benefits given to person applying

Deal Cadet Deal Cadet
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Yes very good card,same 4 referrals minus benefit pass to others.

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Deal Cadet Deal Cadet
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So far I am adding to paytm. Adding 5000/- for 4 times. Paytm charges 528/- for adding 20000/- and i am getting around 308/- as fuel cash back. So 528-308=220/- loss for me. But I am getting 2000 bonus points + 410 points on spend. Total 2410 points that have a value of 915/-. So 915-220= 695/- profit for me 
Deal Cadet Deal Cadet
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What fuel cashback? Are you adding to wallet? Wallet seems unavailable for me

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I mostly end up using it to fuel up, or recharge bbdaily wallet. Once I'm past the 4 transactions, I usually manage to find daily spends to get me past 20k a month. 

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If you have spends over 20K per month, this is the best rewarding card with almost 4.5% ROI (5.5% if you repay using HDFC Platinum DC), better than Axis Ace etc.
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Deal Newbie Deal Newbie
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Any way to achieve 1500*4 on amex mrcc, regretting taking this card

Finance Mentor Finance Mentor
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Cancel the card, amex doesn't deserve YOU.
Critic Critic
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Thanks

Deal Cadet Deal Cadet
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any new tricks for amex 1500x4?

replyuser
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