Hot Deal Major Devaluation of Amex Points

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Deal Subedar
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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

Deal Wiki

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)

99 Comments  |  
37 Dimers
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Deal Cadet
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8k amazon gv is not listed in rewards website..

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suspended
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What was the valuation previously?

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

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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.

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Deal Cadet
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Gaurav_G wrote:

Is it confirmed?😬

Yes, 💯 percent.

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

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

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Deal Subedar
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iamrafic wrote:

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

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

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

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Pro Budding Star
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Can anyone share any official link?

No communication anything from AMEX regarding this

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Deal Subedar
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kushagraamit wrote:

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

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adrishya wrote:

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)

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Expand
dummyuser wrote:

Earlier:
10,000/- statement credit on 24,000 points
8,000 Amazon Gift card on 10,000 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 10,000 points (12.5% down)
6,000/- statement credit on 18,000 points (20% down)

Earlier 8,000 Amazon gift card on 18,000 points not 10,000 points. Now you will get 7,000 Amazon gift card on 18,000

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Deal Subedar
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Expand
TRAFFIC wrote:

Earlier 8,000 Amazon gift card on 18,000 points not 10,000 points. Now you will get 7,000 Amazon gift card on 18,000

Corrected, it was a typo

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

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

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Deal Cadet
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Yeah, got the same email. Shame.

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

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Deal Subedar
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pranavbcvd wrote:

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

Call customer care

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Deal Lieutenant
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Devaluation by Amex is too bad.

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