Amex MRCC effective cashback of 10% for first year!

[Hisoka]

So I applied for Amex MRCC via referral and did some calculation. Since it's free for first year, all the points will be counted towards the profit
I purchase 4 Amazon gift cards of 1500 each to earn 1000 points every month. I'll also get 2 points per 100 so in 1 year I'll get 1120*12 = 13,440 points

I also received 2000 points as I applied via someone's referral, plus I confirmed with Amex team that I'll also receive 4000 points if I spend 15,000 Rs in first 90 days

So total points = 13,440 + 4000 + 2000
= 19,440 points

Out of these, I'll purchase 7000 Amazon voucher using 18k silver collection and remaining 1440 points I'll redeem for cash (360 Rs)
So for 72,000 spent in 1 year I'll get 7,360 rs

That's almost 10.2% cashback! And I use Amazon pay for my Uber rides, Zepto orders and Playo bookings so it's very easy to spend that money

Will see if this card is still effective after paying the annual fees. But for first year I'm using this card like this. I also calculated for for 20k bonus points but that doesn't give this much cashback. And since offline acceptance of this card is very low it's difficult to spend 20k/month for me using this card. Let me know if anyone uses this card in such a way to earn even better cashback

 

[BK7]

I am also standing close to 20k points within 6 months which includes 8K MGMer points, 2k welcome 2k through MGMee. Using it effectively online, trying to avoid most of the offline purchases

 

[100Rabh_negi]

So I applied for Amex MRCC via referral and did some calculation. Since it's free for first year, all the points will be counted towards the profit
I purchase 4 Amazon gift cards of 1500 each to earn 1000 points every month. I'll also get 2 points per 100 so in 1 year I'll get 1120*12 = 13,440 points

I also received 2000 points as I applied via someone's referral, plus I confirmed with Amex team that I'll also receive 4000 points if I spend 15,000 Rs in first 90 days

So total points = 13,440 + 4000 + 2000
= 19,440 points

Out of these, I'll purchase 7000 Amazon voucher using 18k silver collection and remaining 1440 points I'll redeem for cash (360 Rs)
So for 72,000 spent in 1 year I'll get 7,360 rs

That's almost 10.2% cashback! And I use Amazon pay for my Uber rides, Zepto orders and Playo bookings so it's very easy to spend that money

Will see if this card is still effective after paying the annual fees. But for first year I'm using this card like this. I also calculated for for 20k bonus points but that doesn't give this much cashback. And since offline acceptance of this card is very low it's difficult to spend 20k/month for me using this card. Let me know if anyone uses this card in such a way to earn even better cashback

For Apay vouchers u will get 2x points that's 4 MR Per 100, so total 1240 points on purchasing 1500x4 vouchers from reward multiplier. Plus if you pay via mobikwik or hdfc platinum DC u will get 720cashback annually as well.