Hot Deal How to maximize benefits from AMEX MRCC?

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Deal Subedar
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Dear dimers,

How u all are managing Amex MRCC to get 24K points hushed in a year? I am 3 month holder of MRCC card, all I can see that I can get hardly achieve maximum 18K points (i.e. 1K monthly bonus x 12 = 12K points + probably monthly > 20K transactions 3 times in year = 3K points + Miscellaneous 3K points for overall spend).
I use Amex for loading Paytm wallet twice in a month and other two just to complete the monthly target. (less rewarding & paytm took Rs 1540.78 for adding 1500 rage ). I guess many dimers do the same.
I purchase through Amazon using Amazon pay & Flipkart using FK axis, hardly from others. Whether purchasing through AZ & FK (5K-10K transaction) using Amex reward multiplier is more rewarding or less.
Electricity bill payment is also less rewarding in Amex. I guess same for Insurance payment also (FK gives 1.5%)
So where to use the AMEX card?
Please share the PRO tips, it will certainly help the other fellow dimers.

60 Comments  |  
23 Dimers
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Only those who genuinely spend 3-4 lakh+ on amex or those who do “money rotation”(depends on your luck how long you can get away with it) manage to get max benefits from amex mrcc.
@demerius2020

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guest_999 wrote:

Only those who genuinely spend 3-4 lakh+ on amex or those who do “money rotation”(depends on your luck how long you can get away with it) manage to get max benefits from amex mrcc.
@demerius2020

What is ideal amount that we can rotate from CC to bank in a year?

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RunZone wrote:

What is ideal amount that we can rotate from CC to bank in a year?

Surprisingly its true its 420000 as per my calculation

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demerius2020 wrote:

Surprisingly its true its 420000 as per my calculation

How did you calculate though? Like I am using Dhani for 10k/month

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RunZone wrote:

What is ideal amount that we can rotate from CC to bank in a year?

Ideally it should be zero, this money rotation is quite frankly speaking only for college kids or unemployed persons with lots of free time & not much financial worries on their hands(aka family background is decent). Nowadays income tax dept also become much more tech savvy so rotating money in this way has more chances of you getting a notice. Of course if all the money rotated is white & your total income incl from all this rotation is still below 2.5 lakh per year then no issue other than wasting time in preparing replies/statements/visiting IT office(hence alright for college kids/unemployed people as they satisfy both these conditions).

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Earlier I used to do it in Paytm for 4 transactions..
Now they are charging 3% percentage..
So I switched to PhonePe and use that amount for Petrol..Each month we can load 10K in PP wallet for KYC user..

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@golden guardian

You are doing all wrong for amex mrcc (best card in world)

1. You sud had my referral that way You wud had got joining bonus points and first year free

2. For loading into paytm add from zomato/uber app and avoid fees

3. For spending on fk and amazon use amex smartearn card which either get thru as free companion card or again ping me for referral for having it as first year free and have 10x on flipkart(17.5%discount ) and 5x on amazon(8.75%)

4.amex is running 5x for utility bill payment (maybe accoutn specific

5. Then there is money rotation but it may risk your card to be blocked so use it as last resort only

6. If you use brain and do not wonder why this si the best card

7.thank me later

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RunZone wrote:

How did you calculate though? Like I am using Dhani for 10k/month

My calculation is in range and its for year take it as 4 to 5 lac but doin this may attract card ban or what not

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guest_999 wrote:

Only those who genuinely spend 3-4 lakh+ on amex or those who do “money rotation”(depends on your luck how long you can get away with it) manage to get max benefits from amex mrcc.
@demerius2020

For money rotation, I am not doing it. For genuine spend of 3-4 lakh with any mid-end premium CC (Regalia, Diners, Ace, Simplyclick, many more) will give more or less same benefit than Amex (9-10K benefit) then why Amex is hyped as “most rewarding” credit card? Annual charges if not spent 1.5 L is almost 3 times as compared to others.
With new rule w.e.f today, I believe it is the shittest card available now a days (min 6K x 12 month spend = 72K as compared to min 4K x 12 month spend = 48K previously, difference of 24K is huge)

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I got my MRCC upgraded to LTF, now just have to do those 4 transactions (1500 each from this month) to get 1 k bonus points which i mainly add on mobikwik or paytm

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kapilam108269 wrote:

I got my MRCC upgraded to LTF, now just have to do those 4 transactions (1500 each from this month) to get 1 k bonus points which i mainly add on mobikwik or paytm

How to get it ltf??

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demerius2020 wrote:

@golden guardian

You are doing all wrong for amex mrcc (best card in world)

1. You sud had my referral that way You wud had got joining bonus points and first year free

2. For loading into paytm add from zomato/uber app and avoid fees

3. For spending on fk and amazon use amex smartearn card which either get thru as free companion card or again ping me for referral for having it as first year free and have 10x on flipkart(17.5%discount ) and 5x on amazon(8.75%)

4.amex is running 5x for utility bill payment (maybe accoutn specific

5. Then there is money rotation but it may risk your card to be blocked so use it as last resort only

6. If you use brain and do not wonder why this si the best card

7.thank me later

Why Thank u later? I am thanking u now stuck_out_tongue I need to know the insights thats why I had put this thread to know where I am wrong.

1. I have joined through someone referral so I had availed the joining bonus.
2. I don’t know about it, thanks for telling
3. I am now in 3rd month of MRCC, I feel trapped in MRCC, I don’t want another Amex card.
4. No offer for me for utility & insurance payment.
5. No money rotation
6. For this reason, I have created the post to best brains in desidime to enlighten me.

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Where did you get the idea that people get 24K RP in a year? And to label it as the best card one must accumulate 24K RP in a year?

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guest_999 wrote:

Ideally it should be zero, this money rotation is quite frankly speaking only for college kids or unemployed persons with lots of free time & not much financial worries on their hands(aka family background is decent). Nowadays income tax dept also become much more tech savvy so rotating money in this way has more chances of you getting a notice. Of course if all the money rotated is white & your total income incl from all this rotation is still below 2.5 lakh per year then no issue other than wasting time in preparing replies/statements/visiting IT office(hence alright for college kids/unemployed people as they satisfy both these conditions).

You just unlocked a can of worms. Let me wait and watch how it unfolds.

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Vikash_K wrote:

For money rotation, I am not doing it. For genuine spend of 3-4 lakh with any mid-end premium CC (Regalia, Diners, Ace, Simplyclick, many more) will give more or less same benefit than Amex (9-10K benefit) then why Amex is hyped as “most rewarding” credit card? Annual charges if not spent 1.5 L is almost 3 times as compared to others.
With new rule w.e.f today, I believe it is the shittest card available now a days (min 6K x 12 month spend = 72K as compared to min 4K x 12 month spend = 48K previously, difference of 24K is huge)

Amex card is not supposed to be used with so many other good CCs. I don’t know why you even applied for this card when you already have regalia, diners, ace & simplyclick. Rule of thumb is, as you move up towards top end premium cards your total no. of cards should decrease not increase.

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I was able to earn 20k Reward Points in the Last year on my Amex MRCC. I do not get charged any annual fees but do get 3k reward points for renewal every year, in addition got 12k points from the 4*1000 transactions every month and earned the remaining points through random spends and Special Reward multiplier offers. Overall would’ve only spent maximum 2L on this card last year.

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andromeda wrote:

You just unlocked a can of worms. Let me wait and watch how it unfolds.

There are always exceptions but from general point of view I stand by what I said. Not taking any names but some of the biggest money rotators I have seen falls into one of these 2 categories. There are of course salaried people too who do this but again all the salaried people I know in real life(ranging from pvt sector to govt job) don’t even care that much for various card offers & features let alone spending their time on money rotation & they really don’t have any need either.

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demerius2020 wrote:

@golden guardian

You are doing all wrong for amex mrcc (best card in world)

1. You sud had my referral that way You wud had got joining bonus points and first year free

2. For loading into paytm add from zomato/uber app and avoid fees

3. For spending on fk and amazon use amex smartearn card which either get thru as free companion card or again ping me for referral for having it as first year free and have 10x on flipkart(17.5%discount ) and 5x on amazon(8.75%)

4.amex is running 5x for utility bill payment (maybe accoutn specific

5. Then there is money rotation but it may risk your card to be blocked so use it as last resort only

6. If you use brain and do not wonder why this si the best card

7.thank me later

loading via uber is not working for me this month …it’s keeps bouncing back after entering cvv as if 10k monthly limit has not been reset …now wondering how to do these 1.5k x 4 transactions wink

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Keep Amex for its dining offers, for using on shady sites (best charge-back support), as a back up in case visa/mc fails (only twice it happened in 3 years), never expiring reward points if u want to but it’s definitely not for every day use. It would serve u well if u live in a metro & usually visit places where this is accepted.

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guest_999 wrote:

Amex card is not supposed to be used with so many other good CCs. I don’t know why you even applied for this card when you already have regalia, diners, ace & simplyclick. Rule of thumb is, as you move up towards top end premium cards your total no. of cards should decrease not increase.

I don’t have these many cards, i was giving example of contemporary cards with better acceptance and card offers.
I had only AZ pay, FK Axis and Amex MRCC on my name. My wife has Diners privilege where it is already spent >5L to achieve yearly milestone & don’t want to spend further as her ITR file is 5L. Didn’t get any upgrade to Regalia or DCB so far.
ACE, i had applied on card to card basis on shared limit with FX axis, but it has been declined twice as CC is replying that my Bangalore office address is too large and don’t want to send on home address falls in another state.
I don’t have any other option now other than to use AMEX but this card has low acceptance in petrol pumps (only few HP), extremely poor acceptance in offline weekend dining, 1 out of 20 in Bangalore (except big food chains pizza hut, dominos etc).
Forget about primary card, it can’t be even mine fourth or fifth card. I had applied by seeing the tagline “most rewarding CC” but not as rewarding as hyped, no user specific offers for me too.
I have learnt the lesson it is for people who spend 2K-3K on offline or online weekend dining and hotel stays. Not for people who already had AZ pay or FK axis. Before 1 year of renewal, I am trying to accumulate 18K or 24K points and close it if I will not reach 1.5L limit.

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I personally use it with mobikwik and then use mobikwik for further shopping and bill payments.

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Just few pointers (no shady stuff):
Add to MobiKwik 1.5k * 3.
Use MobiKwik Amex card for 2% extra off. MobiKwik up to 5k from cc is free.

Add the remaining 1.5k to Amazon Pay or whichever wallet you use most. Maybe if you have an Amex addon card then to another MobiKwik account.

Look for insurance, utility, amazon, Flipkart and other offers which Amex keeps running from time to time. We do get 10% off of Amazon and FLIPKART gift cards this way as nothing gets excluded.

Also Amazon pay might be your next bank for everything. Say google play card which even works for YouTube subscription or getting a bigbasket gift card at a discount, LIC, Health insurance like Lombard etc Amazon is always available. I have even used it to pay for an AMC renewal. Basically make a practice to look for amazon wallet whatever you pay for. So if you put an wise amount of money in APay from Amex if might be helpful.

* Call Amex and disable int txns before this, as we know MobiKwik is risky, though Amex maybe the safest card to be used on MobiKwik as you can chargeback easier on Amex.

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Seinfeld wrote:

Just few pointers (no shady stuff):
Add to MobiKwik 1.5k * 3.
Use MobiKwik Amex card for 2% extra off. MobiKwik up to 5k from cc is free.

Add the remaining 1.5k to Amazon Pay or whichever wallet you use most. Maybe if you have an Amex addon card then to another MobiKwik account.

Look for insurance, utility, amazon, Flipkart and other offers which Amex keeps running from time to time. We do get 10% off of Amazon and FLIPKART gift cards this way as nothing gets excluded.

Also Amazon pay might be your next bank for everything. Say google play card which even works for YouTube subscription or getting a bigbasket gift card at a discount, LIC, Health insurance like Lombard etc Amazon is always available. I have even used it to pay for an AMC renewal. Basically make a practice to look for amazon wallet whatever you pay for. So if you put an wise amount of money in APay from Amex if might be helpful.

* Call Amex and disable int txns before this, as we know MobiKwik is risky, though Amex maybe the safest card to be used on MobiKwik as you can chargeback easier on Amex.

Is disabling int txn on amex possible ? Has anyone did that? How?

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demerius2020 wrote:

Is disabling int txn on amex possible ? Has anyone did that? How?

Do call up Amex helpline please. It’s always a pleasant experience.

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demerius2020 wrote:

Is disabling int txn on amex possible ? Has anyone did that? How?

Not possible for amex.

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nimod wrote:

Not possible for amex.

Thanks, I didn’t know that. I currently have int txns enabled only on Amex as they have zero liability fraud protection. And I had thought I could disable that over phone. I guess I learn new things everyday on DD.

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Vikash_K wrote:

I don’t have these many cards, i was giving example of contemporary cards with better acceptance and card offers.
I had only AZ pay, FK Axis and Amex MRCC on my name. My wife has Diners privilege where it is already spent >5L to achieve yearly milestone & don’t want to spend further as her ITR file is 5L. Didn’t get any upgrade to Regalia or DCB so far.
ACE, i had applied on card to card basis on shared limit with FX axis, but it has been declined twice as CC is replying that my Bangalore office address is too large and don’t want to send on home address falls in another state.
I don’t have any other option now other than to use AMEX but this card has low acceptance in petrol pumps (only few HP), extremely poor acceptance in offline weekend dining, 1 out of 20 in Bangalore (except big food chains pizza hut, dominos etc).
Forget about primary card, it can’t be even mine fourth or fifth card. I had applied by seeing the tagline “most rewarding CC” but not as rewarding as hyped, no user specific offers for me too.
I have learnt the lesson it is for people who spend 2K-3K on offline or online weekend dining and hotel stays. Not for people who already had AZ pay or FK axis. Before 1 year of renewal, I am trying to accumulate 18K or 24K points and close it if I will not reach 1.5L limit.

If significant portion of your spending is on flipkart then flipkart axis card & if it is on amazon then amazonpay card is best option. From there take a good card from hdfc & stop until you move to DCB/infinia level unless some good card comes along(e.g.axis ace is good if you have to pay at least 7-8k worth of bills monthly & biller is available on google pay). I never trusted mobikwik & not going to trust it now but if you can live with it then see if you can spend enough via amaex+mobikwik to at least cover your card annual fee.

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Seinfeld wrote:

Thanks, I didn’t know that. I currently have int txns enabled only on Amex as they have zero liability fraud protection. And I had thought I could disable that over phone. I guess I learn new things everyday on DD.

Me to english yha aa ke sikha

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demerius2020 wrote:

@golden guardian

You are doing all wrong for amex mrcc (best card in world)

1. You sud had my referral that way You wud had got joining bonus points and first year free

2. For loading into paytm add from zomato/uber app and avoid fees

3. For spending on fk and amazon use amex smartearn card which either get thru as free companion card or again ping me for referral for having it as first year free and have 10x on flipkart(17.5%discount ) and 5x on amazon(8.75%)

4.amex is running 5x for utility bill payment (maybe accoutn specific

5. Then there is money rotation but it may risk your card to be blocked so use it as last resort only

6. If you use brain and do not wonder why this si the best card

7.thank me later

I did not understand calculation of amazon and flipkart 8.75 and 17.5, pls elaborate it.

Missing