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Isn't Amex MRCC one of the most rewarding credit card for a medium level spender?

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IamRage

Disclaimer: I am writing this post not for any promotions/self benefits, just thought of sharing this to explain how I see this card and its benefits from my perspective

American Express Membership Rewards Credit Card is an entry level card just above smart earn
Annual Fees — 1500 via referral, waived off on spends of 1.5 L or above and 50% waived off if spend 90k or above

Main USP of this card – 1000 extra reward points for 4*1500 transactions in a month and 1000 extra rewards points for monthly spend of 20000 and above

I used to load Mobikwik 3*1500 and used to buy a amazon voucher of 1500 every month and used it to recharges / pay bills like Electricity, Water, Broadband, Insurance Premium, DTH etc.
At least twice in a year this card would come with a targeted offer of 10% cashback in Amazon even applicable for purchase of gift cards (have seen the same in last 3 years at least)
1 reward point for every 50 Rs spend, 1 reward point = 0.375 Rs in cash or 0.388 in Amazon voucher (Explore Amex Gold Collection to understand better)
24000 points required for 9000 cash statement, 18000 points required for 7000 Amazon voucher

Below is the way in which I calculate the returns on this card (based on my average spends)

4*1500 amazon e-voucher purchase via Amex reward multiplier portal (2x on 50 spends) gives 240 points in a month or 2880 points in a year
1000 extra points every month from above spends gives 12000 points in a year
20000 amazon voucher once in a year when 10% offer is applicable gives 2000Rs as cashback
the above spend would also give 400 regular points + 1000 bonus points so total 1400 points

Total spends = 92000 Rs (6000*12 + 20000) , eligible for 50% fee waiver
Total reward points + cashback value = 16280 points , which in cash is 6105 +2000 (cashback) = 8105 Rs
50% fee = 885 Rs (750 + 18% GST)
Final Benefit = 8105 – 885 = 7220
Returns on spending 92000 = 7.85%

if redeemed for amazon voucher returns would be ~ 8.08%

PS:- Currently American Express is banned from sourcing new cards

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Deal Cadet Deal Cadet
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Thanks for the detailed post. Finally someone clearly explained how to make optimum use of MRCC. Had never bothered to get an Amex card as reward system seemed too complex.

Can you provide a comparison of returns of this card with Gold Charge and Platinum Travel (including 4L milestone benefits)?

Deal Subedar Deal Subedar
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would be it better to buy Amazon GV from smartbuy thorugh HDFC CC ?
It gives 5% cashback credit in bill.

and when you but anything through Amazon GV, you will not get any card offer running.

Generally i purchase Amazon GV for bill payment and smartbuy purchase for any item order. so in both i get 5% cashback in bill credit.

and now it is very difficult to reach 18k points in Amex.

Deal Cadet Deal Cadet
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Wow, nicely posted. I will try to get one once ban is lifted blush

Super Stud Super Stud
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I am also waiting for RBI to lift Amex ban.
Any idea when they’ll lift it?
What are the chances of card approval?🤔

Shopping Friend Shopping Friend
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xxxyyyzzz wrote:

I am also waiting for RBI to lift Amex ban.
Any idea when they’ll lift it?
What are the chances of card approval?🤔

Chances of card approval are pretty good for smartearn and mrcc cards

Delhi Capitals Delhi Capitals
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YES , also add 24×7 customer care support voice+chat , and they are the best voice , i like there waiting tune even sunglasses
also they dont make bitchy term condition like no wallet support or anything,

only drawbacck i think is no lounge access and some shop dont have support, keep a rupay platinum debit card and paytm/upi or some other for it

Deal Cadet Deal Cadet
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mango-man wrote:

Thanks for the detailed post. Finally someone clearly explained how to make optimum use of MRCC. Had never bothered to get an Amex card as reward system seemed too complex.

Can you provide a comparison of returns of this card with Gold Charge and Platinum Travel (including 4L milestone benefits)?

To be honest, I don’t have the right knowledge to compare Platinum Travel with MRCC as it is more of a travel segment oriented card which I never explored.
for Gold Charge card I guess the main difference comes as you don’t have to bother much about the limit and rest of the features is almost similar except gold card being 5x via reward multiplier and 20000 monthly spend reward being not available in gold card

Deal Cadet Deal Cadet
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xxxyyyzzz wrote:

I am also waiting for RBI to lift Amex ban.
Any idea when they’ll lift it?
What are the chances of card approval?🤔

No idea by when the ban would be lifted.
Chances of card approval is pretty much higher if you are in one of their Serviceable cities

Deal Cadet Deal Cadet
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Par_ wrote:

would be it better to buy Amazon GV from smartbuy thorugh HDFC CC ?
It gives 5% cashback credit in bill.

and when you but anything through Amazon GV, you will not get any card offer running.

Generally i purchase Amazon GV for bill payment and smartbuy purchase for any item order. so in both i get 5% cashback in bill credit.

and now it is very difficult to reach 18k points in Amex.

Yes, Amex also runs 10x, 15x offers frequently mainly during festival time and when some big sales are available.
Would also get decent offers time to time like the ones I mentioned above 10% cashback on Amazon , Flipkart etc and cashback would be credited within 5 days.
I am also using a HDFC CC as well, based on my spends I found MRCC was more rewarding than the former, it would absolutely differ from person to person as spend patterns would differ

“when you but anything through Amazon GV, you will not get any card offer running” – True, but the voucher which we accumulated is already a discounted one and can mainly use to pay bills, insurance premium etc

18k points can be achieved in a minimum of 14 months based on a normal usage

Super Stud Super Stud
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IamRage wrote:

No idea by when the ban would be lifted.
Chances of card approval is pretty much higher if you are in one of their Serviceable cities

Yes, i live in serviceable location. Will apply day 1 when ban lifted

Deal Subedar Deal Subedar
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is 2x rewards applicable on gv?

Deal Cadet Deal Cadet
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NewLife wrote:

is 2x rewards applicable on gv?

Yes when you buy thru their gytr portal
gyftr . com / amexrewardmultiplier
also the extra points would get credited mostly in very next day or two

Pro Blogger Pro Blogger
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demerius2020 wrote:

YES , also add 24×7 customer care support voice+chat , and they are the best voice , i like there waiting tune even sunglasses
also they dont make bitchy term condition like no wallet support or anything,

only drawbacck i think is no lounge access and some shop dont have support, keep a rupay platinum debit card and paytm/upi or some other for it

Amex & RuPay should launch co-badged credit cards or Dual EMV chip credit card like Union bank card -

One side card will work on Amex network and another side card will work on RuPay-JCB network.

Credit card customers first prefer to use Amex network because of higher rewards benefit and where Amex doesn’t accept, customers will use RuPay-JCB network. grinning

Delhi Capitals Delhi Capitals
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abhishek012 wrote:

Amex & RuPay should launch co-badged credit cards or Dual EMV chip credit card like Union bank card -

One side card will work on Amex network and another side card will work on RuPay-JCB network.

Credit card customers first prefer to use Amex network because of higher rewards benefit and where Amex doesn’t accept, customers will use RuPay-JCB network. grinning

not all Amex are good ,only amex mrcc

Deal Subedar Deal Subedar
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Also 1k points on 20k spend.
10x and 5x points with smartearn companion card on az fk and reliance n dmart helps reaching 18-24k points

Hotshot Hotshot
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Must add this once ban is up

Deal Cadet Deal Cadet
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demerius2020 wrote:

not all Amex are good ,only amex mrcc

I find Amex Iconia the best, as it gives flat 2% on wallet load as well 2% on weekends, 1.5% on weekdays)
On paytm loads too I get 2%, only drawback is many online portals too don’t accept Amex like payzapp, nobroker etc

Pro Shopping Friend Pro Shopping Friend
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IamRage wrote:

To be honest, I don’t have the right knowledge to compare Platinum Travel with MRCC as it is more of a travel segment oriented card which I never explored.
for Gold Charge card I guess the main difference comes as you don’t have to bother much about the limit and rest of the features is almost similar except gold card being 5x via reward multiplier and 20000 monthly spend reward being not available in gold card

In AmexPT you get
1.9 lacs spends 7500+*7500*=15KRP which can be redeemed for 4500 FK gv
and when u reach
4lacs spends 1. another 10K+*15K*=25KRP which can be redeemed for 7500 FK gv
and 2. 10K Taj GV
Those 7500 and 15K RP credited only when u call them after meeting milestones(strange that they want u to call)
Lounge access and 10%CB upto 5K per month additional benefits
U get 2-3spend based offers which give u Taj evs

Deal Lieutenant Deal Lieutenant
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abhishek012 wrote:

Amex & RuPay should launch co-badged credit cards or Dual EMV chip credit card like Union bank card -

One side card will work on Amex network and another side card will work on RuPay-JCB network.

Credit card customers first prefer to use Amex network because of higher rewards benefit and where Amex doesn’t accept, customers will use RuPay-JCB network. grinning

Like the concept (y)

Deal Subedar Deal Subedar
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Please edit, make this phrase in bold & add the fees when it is acquired without referral along with renewal charges- Annual Fees — 1500 via referral, + 18% GST. and Renewal fee Rs.4,500 + 18% GST without referral

Deal Subedar Deal Subedar
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demerius2020 wrote:

not all Amex are good ,only amex mrcc

MRCC is offered, LTF, as a companion card along with Amex Gold.

Deal Subedar Deal Subedar
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ashmail123957 wrote:

I find Amex Iconia the best

That’s a co-branded card. You won’t have Amex exclusive offers & services running on it.

Deal Subedar Deal Subedar
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BlueFlash wrote:

Like the concept (y)

Was started by Indusind (The IndusInd Bank Duo Card)

Delhi Capitals Delhi Capitals
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Ramta_Jogi wrote:

MRCC is offered, LTF, as a companion card along with Amex Gold.

but then u will miss the best combination of MRCC+smartearn

Delhi Capitals Delhi Capitals
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ashmail123957 wrote:

I find Amex Iconia the best, as it gives flat 2% on wallet load as well 2% on weekends, 1.5% on weekdays)
On paytm loads too I get 2%, only drawback is many online portals too don’t accept Amex like payzapp, nobroker etc

card fee is high

Deal Subedar Deal Subedar
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demerius2020 wrote:

but then u will miss the best combination of MRCC+smartearn

The “best combination” depends on what you want.

I’d prefer a charge card (Amex Gold) from a longer time perspective to start with. MRCC is a credit card. I never revolve credit.

Delhi Capitals Delhi Capitals
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Ramta_Jogi wrote:

The “best combination” depends on what you want.

I’d prefer a charge card (Amex Gold) from a longer time perspective to start with. MRCC is a credit card. I never revolve credit.

btw whats the benefot wth amex gold?

Deal Cadet Deal Cadet
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Ramta_Jogi wrote:

MRCC is offered, LTF, as a companion card along with Amex Gold.

What if we get both and then close Gold after a year? Will MRCC still remain LTF?

Deal Cadet Deal Cadet
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demerius2020 wrote:

but then u will miss the best combination of MRCC+smartearn

Why is this the best combination?

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