Hotness Major Devaluation of Amex Points

Hot Deal Major Devaluation of Amex Points

795°
Missing
Deal Subedar
185
1071
16

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)

98 Comments  |  
36 Dimers
Cropped 749861292
Deal Subedar
132
1802
29

Where did you find it?

Missing
Deal Cadet
110
391
28

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

Images
Deal Subedar
140
1582
17

What was the valuation previously?

Missing
Deal Cadet
73
545
3

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

8e301db8a567b98742ce9b855741b0b1 1456910786
Deal Cadet
94
209
4

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.

Jiwvql0
Budding Star
138
5383
100

Is it confirmed?😬

8e301db8a567b98742ce9b855741b0b1 1456910786
Deal Cadet
94
209
4
Gaurav_G wrote:

Is it confirmed?😬

Yes, 💯 percent.

Missing
Deal Cadet
71
218
2

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

Missing
Deal Cadet
138
230
4

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

Missing
Deal Cadet
212
711
6
iamrafic wrote:

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

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

Missing
Deal Cadet
138
230
4
Expand
indiansoul wrote:

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

That’s bad, redeeming now.

Jiwvql0
Budding Star
138
5383
100

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

Jiwvql0
Budding Star
138
5383
100

#CREDITCARDUSERS

Jiwvql0
Budding Star
138
5383
100

Can anyone share any official link?

No communication anything from AMEX regarding this

Missing
Deal Subedar
185
1071
16
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

Missing
Deal Subedar
185
1071
16
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)

Avatar 8356
Deal Cadet
125
762
12
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

Missing
Deal Subedar
185
1071
16
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

Missing
Deal Newbie
50
20
0

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

Missing
Deal Newbie
54
56
2

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

Missing
Deal Cadet
101
395
8

Yeah, got the same email. Shame.

Missing
Deal Subedar
185
1071
16

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

Missing
Deal Subedar
185
1071
16
pranavbcvd wrote:

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

Call customer care

Cutebaby
Deal Lieutenant
729
6090
59

Devaluation by Amex is too bad.

Missing