Major Devaluation of Amex Points
All Amex guys, sad news it seems, major devaluation of Amex card
Redeem your points before 1st Feb to get old benefits
Deal Wiki
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Last updated by: azzuridd
Shared by @dummyuser
Previously :
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)
Got email
#AMEXUSERS
8k amazon gv is not listed in rewards website..
What was the valuation previously?
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)
Any devaluation for platinum travel card?
Not received any email yet..
No communication so far, but I don’t think that will happen considering the crux of that card is travel redemption
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.
Yes its confirmed. I just redeemed 24k pts today.
What about amazon vouchers? Any value reductions in that also?
Yes, 7k Amazon instead of 8k for 18k Amex points
If I have 18k reward points after 1st Feb then how much worth of Amazon voucher will I get?
#CREDITCARDUSERS
Can anyone share any official link?
No communication anything from AMEX regarding this
Amex sent this in email. Below is the email:
Looks like they updated the monthly bonus as well from 4 transactions to 6 transactions for 1000 pts
From where did you see it?
sad face
I have not received any mail. I have only 8000 points. How to redeem it for maximum benefits
Call customer care
Yeah, got the same email. Shame.
Folks who have 12000 points try and redeem them too because they might as well discontinue that
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
Devaluation by Amex is too bad.
All banks are moving towards devaluation. Those who don’t have good value Cards, should take them or soon such benefits will be withdrawn.
I just got Amex 2 months ago only
And this is my last 2 months with it
3 days back i took 8k amz voucher for 18k points..
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
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.
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).
Even for MRCC is it 4×1000 ?
Do they offer credit limit increase by themselves
or we have to ask for it by submitting docs
I was once offered automatically without any documents. you can ask CC they are very cordial
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 ?
Sadly Yes, they don’t send
And this is from a bank which sends email for even offer enrollment & reminders for the same
Any other card gives points for wallet load like paytm ?
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.
Still not many.. except in few malls.
And, even in corporate hospitals its mere waste this card as this is not accepted in many.
I have 27k points,what is the best way to redeem these points, please suggest
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
Where did you find it?