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Devaluation Amex Gyftr going to add 0.75% fee on Amazon Pay vouchers from Feb 1st

Yugi

Yugi

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Effective 1 February 2025, a 0.75% convenience fee + GST will be charged on the purchase of Amazon Pay and Amazon Shopping gift vouchers via e-voucher platform on Reward Multiplier.

Amex has also joined the bandwagon of charging convenience fee on Amazon vouchers. Firstly there is shortage of high denomination Amazon pay vouchers and now this. Received this mail for Plat travel card.

1735306251304.webp
 
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Hadn't bought vouchers this month, just ended up with 6k of them after this news to complete month's quota...
 
amex ne bhi aesa kiya... dil todd diya mera.. plat travel lene vala thaa main ...abb soch raha hu lu ke naa lu... yaa fir sbi cashback se kaam chalu rakhu..
 
nh124001 said:
amex ne bhi aesa kiya... dil todd diya mera.. plat travel lene vala thaa main ...abb soch raha hu lu ke naa lu... yaa fir sbi cashback se kaam chalu rakhu..
Click to expand...
Plat Travel pe milestone ke sath return 12% ka ho jata. SBI Cashback pe 5%

And amex pe charge 0.75 hai mtlb montly 10k ke limt me ~90 ₹
 
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Shubham330 said:
Plat Travel pe milestone ke sath return 12% ka ho jata. SBI Cashback pe 5%

And amex pe charge 0.75 hai mtlb montly 10k ke limt me ~90 ₹
Click to expand...
thing is..yeh yehi par rukne vala nahi hai.. next shall be flipkart vouchers..yaa fir agv par fees badegi...

waise plat travel par 12% kaise nikal loge bhai??

4L par 40k MR + 10k Taj voucher and just imagine 4L par base 12k MR points aur kama liye, then still = 52k MR = 26k airmiles + 10K voucher = 36k(assuming 1 travel point. = 1Rs), at max 9% ke reward rate n uske baad abhi annual fees bhi lagegi
 
nh124001 said:
t

thing is..yeh yehi par rukne vala nahi hai.. next shall be flipkart vouchers..yaa fir agv par fees badegi...

waise plat travel par 12% kaise nikal loge bhai??

4L par 40k MR + 10k Taj voucher and just imagine 4L par base 12k MR points aur kama liye, then still = 52k MR = 26k airmiles + 10K voucher = 36k(assuming 1 travel point. = 1Rs), at max 9% ke reward rate n uske baad abhi annual fees bhi lagegi
Click to expand...
Total you get on 4L

1.9L milestone ke 15k, 4L milestone ke 25K
And 4L ke base 8k = 48k total points

So 4L × 12% = 48k

That is basic. If you use rewards multiplyer that 12% goes up

I haven't considered 10k taj voucher yet in calculation

Considering 1MR = 1₹ cause on bonvoy you can get anything between 0.6 to 1.8₹
 
Shubham330 said:
Total you get on 4L

1.9L milestone ke 15k, 4L milestone ke 25K
And 4L ke base 8k = 48k total points

So 4L × 12% = 48k

That is basic. If you use rewards multiplyer that 12% goes up

I haven't considered 10k taj voucher yet in calculation

Considering 1MR = 1₹ cause on bonvoy you can get anything between 0.6 to 1.8₹
Click to expand...
Amex basically made for bonvoy points. If you catch 30% more offer which gets rolled out by amex every year then that 12% further goes up.
 
Shubham330 said:
Amex basically made for bonvoy points. If you catch 30% more offer which gets rolled out by amex every year then that 12% further goes up.
Click to expand...
bhai mere marriot bonvoy ameero ke liye hai...atleast 25k points lagte hai for 1 single night...mere jaise gareebo ke liye accor ya fir rare mein krissflyer or some other airmile hi thik hai

still i need one stable credit card for my NPS, advance tax and insurance payments (rent toh bhul hijao abb) for that still considering plat travel, amex ke cards ka plus point yehi lag raha thaa non expirable MR points and very less devaluation... but amex bhi dhere-2 rang dikha raha hai 😕
 
nh124001 said:
bhai mere marriot bonvoy ameero ke liye hai...atleast 25k points lagte hai for 1 single night...mere jaise gareebo ke liye accor ya fir rare mein krissflyer or some other airmile hi thik hai

still i need one stable credit card for my NPS, advance tax and insurance payments (rent toh bhul hijao abb) for that still considering plat travel, amex ke cards ka plus point yehi lag raha thaa non expirable MR points and very less devaluation... but amex bhi dhere-2 rang dikha raha hai 😕
Click to expand...
Devaluation is inevitable. Depends on credit market of india which is growing now
 
Amex is making it for it's customers tough to spend on its cards, it's not accepted at a majority of retail outlets and also online at hdfc ergo insurance and Google ads payments in India.
The only saving grace was Amazon vouchers, now amex would charge 0.75% convenience charge+ gst over these vouchers from Feb, why amex , why
 

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I would definitely like to have zero fee option as my first preference; but that option is gone now.

Assuming you are buying ₹10k Amazon Pay vouchers and ₹10k Amazon Shopping vouchers each month, that's a total of ₹240k a year for which you will pay ₹2.1k in convenience fees to earn 4.8k extra points on MRCC, 9.6k extra points on Platinum Travel, and 19.2k extra points on Gold. And this doesn't include milestone benefits.

I have seen people spend ₹4k to buy 10k Amex points, so you're getting a much better deal here, at least on Platinum Travel and Gold both.
 
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