American Express to Bank transfer

[RockyBond]

Someone please suggest best and cheapest way to spend on Amex cards then transfer to bank for monthly points.

Apps like Bharatnxt, Coupl, Snapay don't support Amex cards

 

[Rdspam]

Mobikwik century will give you about 2%

 

[RockyBond]

Mobikwik century will give you about 2%

1% cashback upto 100 right? So they take 2.95% - 1% around 1.95%

 

[Rdspam]

1% cashback upto 100 right? So they take 2.95% - 1% around 1.95%

Yep correct. I haven’t found anything else that gives less than 2% so if you can find then let me know too

 

[ALOAK]

Someone please suggest best and cheapest way to spend on Amex cards then transfer to bank for monthly points.

Apps like Bharatnxt, Coupl, Snapay don't support Amex cards

Not at all possible

 

[sousnake]

Someone please suggest best and cheapest way to spend on Amex cards then transfer to bank for monthly points.

Apps like Bharatnxt, Coupl, Snapay don't support Amex cards

Yep correct. I haven’t found anything else that gives less than 2% so if you can find then let me know too

Created 1 thread some time back. You can take a look once. It's for MRCC only.

Oops! We ran into some problems.

www.technofino.in

 

[RockyBond]

Created 1 thread some time back. You can take a look once. It's for MRCC only.

Oops! We ran into some problems.

www.technofino.in

Thread doesn't exist showing?

 

[CardGame]

Created 1 thread some time back. You can take a look once. It's for MRCC only.

Oops! We ran into some problems.

www.technofino.in

Can u share the link properly or via DM maybe?

 

[Rahul Gulati]

Definitely try Paidkiya, they are similar to Snapay and allow Transfer from Amex at 1.5% at T+3/4 days.

I used a few times and no problems yet

 

[RockyBond]

Can u share the link properly or via DM maybe?

Same

Definitely try Paidkiya, they are similar to Snapay and allow Transfer from Amex at 1.5% at T+3/4 days.

I used a few times and no problems yet

Sure ? Reviews very bad showing for this app

 

[Rahul Gulati]

they recently cut charges on diners and amex, so I tried it out.

Working fine

 

[CardGame]

H

Definitely try Paidkiya, they are similar to Snapay and allow Transfer from Amex at 1.5% at T+3/4 days.

I used a few times and no problems yet

How long u have been using this app? And what's the biggest amount u ever tried?

 

[Rahul Gulati]

I was reffered by a friend using it since 2020, my maximum transaction hasn't crossed 35,000 but he has done a single swipe of INR 2L

 

[CardGame]

I was reffered by a friend using it since 2020, my maximum transaction hasn't crossed 35,000 but he has done a single swipe of INR 2L

No delays or anything, right?

 

[RockyBond]

View attachment 38448they recently cut charges on diners and amex, so I tried it out.

Working fine

I was just trying to transfer 1000. It showed 15 transaction charges + 10 settlement charges + 10 kyc charges. So total 35 rs charges on 1000 transfer which makes it 3.5 % for the lowest priority also

 

[codenerd]

Mobikwik charges 29.5 (including GST) per 1000rs you transfer from credit card to bank. CC to Wallet is chargeable but wallet to bank is free.

Means they charge flat 2.5% + gst

 

[RockyBond]

I was just trying to transfer 1000. It showed 15 transaction charges + 10 settlement charges + 10 kyc charges. So total 35 rs charges on 1000 transfer which makes it 3.5 % for the lowest priority also

@SHIVA MEHTA check
Showing 35 charge on 1000

 

[saurabhduasd]

Mobikwik charges 29.5 (including GST) per 1000rs you transfer from credit card to bank. CC to Wallet is chargeable but wallet to bank is free.

Means they charge flat 2.5% + gst

+1, Mobikwik I found reliable also

 

[racydex]

Mobikwik charges 29.5 (including GST) per 1000rs you transfer from credit card to bank. CC to Wallet is chargeable but wallet to bank is free.

Means they charge flat 2.5% + gst

MobiKwik is the cheapest for Amex to Bank @1.90%
Load upto 10k at a time using CENTURY coupon code so you get 1% cash back upto 100 per txn (6 txn per day allowed)
So you get charged 10295 for getting wallet balance 10100.
Net cost 1.90% without counting value of approx 200 MR points depending on your card.

 

[sousnake]

MobiKwik is the cheapest for Amex to Bank @1.90%
Load upto 10k at a time using CENTURY coupon code so you get 1% cash back upto 100 per txn (6 txn per day allowed)
So you get charged 10295 for getting wallet balance 10100.
Net cost 1.90% without counting value of approx 200 MR points depending on your card.

It becomes even better for cards which have milestone benefits like MRCC.