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Major Devaluation of Amex Points

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Deal Subedar
dummyuser

All Amex guys, sad news it seems, major devaluation of Amex card
Redeem your points before 1st Feb to get old benefits

https://cdn0.desidime.com/attachments/photos/603727/medium/6473764QFf9CHa.png?1580275770

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Deal Subedar Deal Subedar
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Where did you find it?

Deal Subedar Deal Subedar
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Got email

Deal Subedar Deal Subedar
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#AMEXUSERS

Deal Cadet Deal Cadet
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8k amazon gv is not listed in rewards website..

Deal Legend Deal Legend
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What was the valuation previously?

Deal Subedar Deal Subedar
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Earlier:
10,000/- statement credit on 24,000 points
8,000 Amazon Gift card on 18,000 points
7,500/- statement credit on 18,000 points

Now:
9,000/- statement credit on 24,000 points (10% down)
7,000 Amazon gift card on 18,000 points (12.5% down)
6,000/- statement credit on 18,000 points (20% down)

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Deal Subedar Deal Subedar
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Any devaluation for platinum travel card?
Not received any email yet..

Deal Subedar Deal Subedar
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No communication so far, but I don’t think that will happen considering the crux of that card is travel redemption

Deal Cadet Deal Cadet
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http://www.americanexpress.c...n/
Guys,

Amex decreasing the redemption value of rewards points. As of now redemption of 18k/24k will get 7500/10000 statement credit however it will change to 6000/9000 from 1st Feb. So redeem it ASAP.

Shopping Friend Shopping Friend
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Is it confirmed?😬

Deal Cadet Deal Cadet
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Yes, 💯 percent.

Deal Cadet Deal Cadet
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Yes its confirmed. I just redeemed 24k pts today.

Deal Subedar Deal Subedar
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What about amazon vouchers? Any value reductions in that also?

Deal Subedar Deal Subedar
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Yes, 7k Amazon instead of 8k for 18k Amex points

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Shopping Friend Shopping Friend
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If I have 18k reward points after 1st Feb then how much worth of Amazon voucher will I get?

Shopping Friend Shopping Friend
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#CREDITCARDUSERS

Shopping Friend Shopping Friend
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Can anyone share any official link?

No communication anything from AMEX regarding this

Deal Newbie Deal Newbie
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Looks like they updated the monthly bonus as well from 4 transactions to 6 transactions for 1000 pts

Shopping Friend Shopping Friend
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From where did you see it?

Deal Subedar Deal Subedar
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sad face wink

Deal Cadet Deal Cadet
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I have not received any mail. I have only 8000 points. How to redeem it for maximum benefits

Deal Subedar Deal Subedar
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Call customer care

Deal Cadet Deal Cadet
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Yeah, got the same email. Shame.

Deal Subedar Deal Subedar
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Folks who have 12000 points try and redeem them too because they might as well discontinue that

Pro Entertainer Pro Entertainer
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8000 Amazon eGv option (18k RP) is already OOS
Even if shown in search but can not checkout cart
Called them up & they said users seeing email might have already redeemed

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Deal Captain Deal Captain
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Devaluation by Amex is too bad.

Deal Lieutenant Deal Lieutenant
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All banks are moving towards devaluation. Those who don’t have good value Cards, should take them or soon such benefits will be withdrawn.

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Deal Subedar Deal Subedar
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I just got Amex 2 months ago only sob

Shopping Friend Shopping Friend
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And this is my last 2 months with it toungueout

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Cool Cool
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3 days back i took 8k amz voucher for 18k points.. pray

Shopping Friend Shopping Friend
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AMEX MRCC gives 2 points/₹100 spent

No milestone rewards only 6 txns of ₹1000+ each gives 1000 points

Millennia Gives 2.5% cashback & Simplyclick 1.25% with milestone Rewards smile

Deal Subedar Deal Subedar
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On spending 1 lakh in 16 months (6k×1×16 + 4k in these 16 months) they will give 7k AGC voucher and charge 4.5k as fees.

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Beacon Beacon
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Also new customers there are acquiring at Nil 1st year fee & 1500rs. annual fee. But existing customers have to pay 4500rs. for the same. (Unless reached to threshold of 50% or full waiver).

Deal Subedar Deal Subedar
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Even for MRCC is it 4×1000 ?

Celeb Celeb
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Do they offer credit limit increase by themselves

or we have to ask for it by submitting docs

Deal Subedar Deal Subedar
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I was once offered automatically without any documents. you can ask CC they are very cordial

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Beacon Beacon
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Today I called cc & asked for redemption of points as statement credit. He done it from his side & I received 1 OTP to verify it, which i submitted to him.

But after that I didn’t received any communication from amex regarding this. Cc guy told me that it will be done in 3-4 working days. Don’t they send email or msg for confirmation of redemption ?

Pro Entertainer Pro Entertainer
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Sadly Yes, they don’t send

And this is from a bank which sends email for even offer enrollment & reminders for the same

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Deal Subedar Deal Subedar
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Any other card gives points for wallet load like paytm ?

Finance Ninja Finance Ninja
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Amex now accepted in as many places as Visa, Mastercard

Amex’s higher merchant fees have been a primary point of pushback from most merchants, especially from small businesses. In response, Amex dropped its rates, charging merchants just 2.37% per transaction in 2019, down from 2.48% in 2014.

Deal Captain Deal Captain
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Still not many.. except in few malls.
And, even in corporate hospitals its mere waste this card as this is not accepted in many.

Helpful Helpful
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I have 27k points,what is the best way to redeem these points, please suggest

Deal Subedar Deal Subedar
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Redeem for 24k carat one. I’ve 33k points. So redeemed 24k carat one by calling cc. If I’ve 36k points. Then 2 of 18k carat is possible for me

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