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

[Yugi]

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.

 

[Aegon]

I have gold charge I need to do 5 1000 rs transactions a month please suggest me the best option

For gold charge, use amex gyftr. you will get 5x points.

 

[Vickymaster1010]

For gold charge, use amex gyftr. you will get 5x points.

But still I need to pay 1% now so is it still worth it bro?

 

[Aegon]

But still I need to pay 1% now so is it still worth it bro?

Buying 1k amazon voucher

From amex Gyftr
Price=1008.85, RPs=100

From amazon
Price=1000, RPs=20

Since everyone have their own way of valuing RPs, can you value 80 RPs at 8.85rs or more ?

 

[akiratoriyama]

Whether to buy Amazon Gift Card from Amex Reward Multiplier Portal or Amazon directly using MRCC?

Considering 1 MR point at 50 paise (a bit optimistic 😊), if buying AGC from Amazon using MRCC, we get returns of 1%. If buying from Reward multiplier portal with MRCC, we get 2% but subtract 0.9% (convenience fee+gst) we get a net return of 1.1%. Milestone benefits are same whether we buy from amazon or RMP.

So overall, no great benefit in still purchasing AGC from RMP for MRCC.
Advantage with buying from amazon- buy tye required denomination as one gift card and no 10k limit per per card as with RMP

Does amazon allow you to buy as many gift cards as you want?

 

[InfamousInfamous is verified member.]

Does amazon allow you to buy as many gift cards as you want?

There's a monthly and weekly limit

 

[SonyTom]

Does amazon allow you to buy as many gift cards as you want?

I was speaking about MRCC. You can buy 5000 x 4. No use buying more than 20 k with MRCC per month.

 

[devine_mortal]

Buying 1k amazon voucher

From amex Gyftr
Price=1008.85, RPs=100

From amazon
Price=1000, RPs=20

Since everyone have their own way of valuing RPs, can you value 80 RPs at 8.85rs or more ?

The most basic conversion is 1RP=0.30p so 80 points are worth ₹24

 

[Ginee]

So can someone say which is better buy GV from gyftr or directly from amazon using amex card for MRCC card

 

[darthvader1]

So can someone say which is better buy GV from gyftr or directly from amazon using amex card for MRCC card

Gyftr
2x rewards on MRCC
Just ~₹9 extra

 

[Aegon]

Buying 1.5k amazon voucher

From Amex Gyftr
Price=1513.28, RPs=61

From amazon
Price=1500, RPs=30

Since everyone have their own way of valuing RPs, can you value 31 RPs at 13.28rs or more ?

 

[abhiver]

Buying 1.5k amazon voucher

From Amex Gyftr
Price=1513.28, RPs=61

From amazon
Price=1500, RPs=30

Since everyone have their own way of valuing RPs, can you value 31 RPs at 13.28rs or more ?

30 rps @0.33 = INR 9.90 (redeem on Amazon Voucher under 24K Gold Collection)
30 rps @0.55 = INR 16.50 (redeem on Taj Voucher under 24K Gold Collection)

So by paying INR 13.28, your best redemption bet is Taj voucher or wait for some amazing redemption promotion offered by AMEX in future.

 

[maheshspanicker]

For MRCC, its simple, just buy it directly from Amazon. Reward Multiplier, even gold collection, gives a negative return in comparison to direct amazon buy, and just as importantly, no nonsense with those Rs 250 vouchers only stuff!

 

[Shell]

Firstly there is shortage of high denomination Amazon pay vouchers and now this.

Looks like they fixed it for good, seeing options upto 2k now

 

[b4bhar]

I think buying the GC directly from Amazon makes sense rather than Gyftr after the additional charges, if we only want to spend 6k (1.5k *4).

Buying from Gyftr -
For 6K vouchers, you are paying 53 extra and you get - 1000 + (120*2) = 1240 points = 1240*0.33 = 409.2 - 53 extra which you paid = 356.2

Buying from Amazon directly -
you get 1120 points - 1120*0.33 = 369.6

So, you are getting 13.4 more compared to the Gyftr website.