Should I apply for Amex card? If Yes than which one?
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Should I apply for Amex card? If yes than which one?
I already have multiple credit cards of Axis Flipkart, ICICI Amazon, HDFC card, etc…
Is it worth adding any AMEX card in the wallet?
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Don’t get tempted by just 1 or 2 offers.
I would say not worth it unless u do not care for Annual fees and want to have good(brand) card in wallet.
Amex is very calculative, u can hardly recover fees through offers.
Many may suggest it for referral benefits
Thanks a lot for a genuine feedback.. 
… I was getting tempted by 4 spends of 1k per month offer…
I agree with @caks2006407 that it is not very rewarding when u compare these bonus points with annual fees however i can see a trend of offers which is gradually increasing. For eg. Smartearn companiyon card. Then small shops offer, amazon 10% offer, spend 15k based offer. They’re trying hard to be competative in terms of rewards.
I would suggest mrcc + smartearn but Since u already have many cards it will be difficult for you to reach spend threshold for fees waiver
Close eye and go for Amex Rewards Credit card..if your spend is more than 1.5L ..but through anyone referal link..
one of the dimers calculation
https://www.desidime.com/discussions/which-cred...
consider amex redemtion Amazon e-voucher worth Rs. 7,000
points needed=18000 (18K gold collection redemtion)
bonus=12000(swapping( 1000×4 )/month )+ 2000(joining bonus)=14000
regular points=(4000/50)x12=960
points needed=18000-14000-960=3040
spent needed for 3040 points=152000
profit=(7000/(152000+(4000×12)))x100=(7000/200000)x100= 3.5%
edit:
mrcc – via referal link rs.1500+gst
soon you will get smartearn as companion card
Joining benefits are one time offering. So you have to add 100k more.
Which will bring down the value significantly.
Best use of this card if you also hold other cards is over 2 years. 12k points in 1st and 2nd year for spends of only 96k resulting in 24k points. Redeem 24k into ₹9k.
₹3600rs 2 year fees.
So overall benefit 9k-3.6k that is 5.4k on 96k spends.
That 5.6% cashback
I also didn’t count regular points those can also add 500rs value.
sharing referral link openly is not allowed
amex smartearn is giving 10* for flipkart orders
in t&c mentioned, per rs.50-1 regular point and remaining 9 points are additional, right?
so via rewards multipiler, will they give only 2 points or additional 18 points also ?
Yes check pm