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American Express Gold

  • Thread starter Thread starter Vishnubs
  • Start date Start date
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Why this gold card is better ?
After deducting fee( 4500+ gst)
in cb ( around 7100/- on 72k) it's around 2.5% only na we r getting
Am i calculating wrong ?
If i buy in reward multipiler, getting 5x on 50rs
So for 6x 1k txns getting 1k points + 600 points
So in 1 yr, getting 7104 rs, if i redeem for 18 k gold collection

mrcc is spend based waive off card and this is chargable na
So after deducting fee, getting around 2.3% only

Pls clarify
 
Why this gold card is better ?
After deducting fee( 4500+ gst)
in cb ( around 7100/- on 72k) it's around 2.5% only na we r getting
Am i calculating wrong ?
It’s not only for that. 1000 joining fees for first year, later on you can request for some retention offer and if your spends are good you might get some discount or spend based waiver.

- GC is a charge card and you’ll get spending power of 7-10L within 3-4 months with good spends.

- You get 5X on Reward multiplier.

- It’s a gateway for Plat Charge if you’re aspiring.

- 18K and 24K collection.

Last but not the least visually great looking card and can be identified immediately.
 
Any tricks for reaching 15 L charge limit on AMEX gold charge card within 18 months ? Recently got one with around 2.5L charge limit. Not sure how frequent we should use and how much to spend to reach those targets.
It totally depend on the Amex internal policy to set the shadow limit. However, one can request manually for temporary limit increase if they have big spening coming on their way.
 
It’s not only for that. 1000 joining fees for first year, later on you can request for some retention offer and if your spends are good you might get some discount or spend based waiver.

- GC is a charge card and you’ll get spending power of 7-10L within 3-4 months with good spends.

- You get 5X on Reward multiplier.

- It’s a gateway for Plat Charge if you’re aspiring.

- 18K and 24K collection.

Last but not the least visually great looking card and can be identified immediately.
Last point is the only reason I got the Gold charge.
 
And what is the limit showing on CIBIL ? 6L or else your highest spend ?

Most merchants show POS machine error, like AMEX TD not configured, transaction declined etc. is that a trick by them to avoid high commision ?
Probably Yes. Most of the merchants have their Amex card payment option turned off to save themselves from high MDR.
 
Any tricks for reaching 15 L charge limit on AMEX gold charge card within 18 months ? Recently got one with around 2.5L charge limit. Not sure how frequent we should use and how much to spend to reach those targets.
Spend and pay on time. There is no trick in actual.

The maximum spending power will displayed is 10L when you check for charge cards. For your exact spending power beyond 10L you've to check with Customer care executives and you can request them for more limit and they will assess and enable. Note the spending power of charge cards will not be reported to CIBIL as they are dynamic in nature.
 
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I took gold card about 5 months back not sure of the pattern but recently did 7L tx & it went through. previously used to use only for 20k

A day before I gave heads-up to amex so they don't flag the tx & it was smooth as butter
 
N
I hardly find a reason to spend beyond 6x1000. Even AMEX also never provided a choice for me to spend more with any offers, where you got the benefit of using this card at what % of gain you're getting.
Not every spend has to be about offers. It certainly is a good way to optimise cc. I spend based on my utility/need at that time
 
I think you should focus on strategic spending and regular usage and should aim to use your card for everyday expenses like groceries, utilities and dining and also take advantage of larger purchases or bills whenever possible. Be consistent using your card and making payments on time and you can demonstrate responsible financial behavior, which may prompt the card issuer to gradually increase your credit limit over time.
 
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Just received a spend based offer for my gold card-

Spend 50k for the period 10 June to 10 July and earn 5k reward points.
 

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