Reward redemtion statement credit vs gift card

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demerius2020

So guys here is a confusion regarding Amex mr point reward redemtion for

1. rupees 9000 statement credit per 24000 point
OR
2.amazon rupees 7000 voucher per 18000 point

Lets suppose i have a credit card statement pending of rs 9000 for this month

And for amazon voucher i plan to buy bigbasket gift card which will given at 5% discount with amazon voucher point

But i also already have bigbasket dbs card which give me 10% cashback in bigbasket shopping

So will it be wise to use statemnt credit to settle my pending credit card bill or to get amazon voucher ?
Please suggest from these two option only with reason

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Rs 0.375 per RP vs Amazon Voucher 0.388 per RP. If you have 24k RP or you can wait till you get 24k RP, it is clear that Statement Credit is much better. Approx 3.7% extra value receieved in Amazon GC is not worth it here. Had it been 6-7.5% it would have been worth it.

Deal Captain Deal Captain
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Buy amazon gv and sell for 2% off . also while paying 9k bill from outside you can get rewards like 1% using hdfc platinum card

Deal Cadet Deal Cadet
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Statement credit is better

replyuser
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