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Devaluation Amex gold collection devaluation
- Thread starter taherm
- Start date
drsel
TF Prestige
Because these are the best value for money, usually discounted only 10%.
Other vouchers are diiscounted up to 50% like Taj
HumorSimpson
TF Prestige
They have value and serve as quasi cash for paying bills etc.
They have to issue them instantly and settle them up immediately. And the impact will be because we are buying products/commodities/utility bills which are tough to maintain profitability. (Imagine with 5 referrals any user would have made 40000 MR points which is equivalent almost to 24K+18K collection and worth 16K FK or Amazon vouchers).
Coming to miles and hotel vouchers they do it on distress inventory. And we won't understand the price hike because they won't have any tangible value in miles and hotel vouchers.
Redeemed 72k points 18*4, They have officially updated their website. Thankfully got the voucher at old value. Thanks for the heads up
praveensudhakaran
TF Premier
How many will go for Taj vouchers though it offers better Value for Points?
Amex customercare is the best as people say. So they do devaluation also instant
Actually its Amazon and FK who are now driving projects for their profitability.. They have been burning cash and now globally are cutting.. So they are renegotiating with Banks for better prices which inturn impacts reward rates and others.. Smartbuy charge for amz pay vouchers is a classic example of pass through
With Paytm gone and Mobikwik devaluing wallet load recently, no point of keeping amex cards with worst acceptance rate except for miles. If this devaluation is true, then MRCC return rate(gold collection) would drop to ~4% considering spending 20k/month.
it always is the worst car. Only referral income works in it
So Amex has silently devalued its 18K and 24K Gold Collection. Except for the Taj Voucher, all other vouchers' values have been decreased. However, there is still a great amount of confusion as both new and old values are still showing on different pages of Amex.
For the new values, here's the link - https://www.americanexpress.com/in/credit-cards/membership-rewards-card/
And here's the snapshot (for those who fear opening links)
However, the old values are still visible here - https://www.americanexpress.com/in/rewards/membership-rewards/redeem-points/gold-collection.html
And here's the snapshot of old values
Amex is known for its stability and consistency in providing rewards and benefits to its users irrespective of the devaluation going around in the industry.
What's your opinion on this new change in the Gold Collection?
For the new values, here's the link - https://www.americanexpress.com/in/credit-cards/membership-rewards-card/
And here's the snapshot (for those who fear opening links)
However, the old values are still visible here - https://www.americanexpress.com/in/rewards/membership-rewards/redeem-points/gold-collection.html
And here's the snapshot of old values
24 Karat
18 Karat
Amex is known for its stability and consistency in providing rewards and benefits to its users irrespective of the devaluation going around in the industry.
What's your opinion on this new change in the Gold Collection?
drsel
TF Prestige
Amex itself clearly shows and proves that the value of its own Rs.10000 Taj voucher is worth less than 10000 x 8000 ÷ 14000 = Rs.5714.
Less than 5714, because you can get Amazon pay for at least 10% discount
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I didn't get the "10000 x 8000 ÷ 14000 = Rs.5714." figure
So Magnus for burgundy is better?
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