• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

AMEX MRCC vs Gold vs Travel vs Reserve

Status
The first post in this thread is a WikiPost, and can be edited by anyone with the appropriate permissions.
helloworld

helloworld

TF Legend
Update 03-Sep: FYF offer not applicable on referral links too and also MRCC has full fee (probably up-to 22 Oct), do check and apply

CategoryMRCCGold ChargePlat. TravelPlat. Reserve
Joining Fee (with referral + GST)1180₹1,1804130₹11,800
Joining Benefits (with referral)2000+4000 MR (on spending ₹15,000)6000 MR (on spending ₹15,000)12000 MR (on spending ₹15,000)15000 MR (on spending ₹25,000)
Net % (for JF and benefits)
1 MR = 0.33p (link)		+ ₹820+ ₹820- ₹130- ₹6,850 (instead there are multiple memberships available, do check them)
Milestone BenefitsSpend ₹1,500 x 4 times in a month = 1000 MR

Spend ₹20,000 in a month = 1000 MR (both can be clubbed together)		Spend ₹1,000 x 6 times in a month = 1000 MRSpend ₹1,90,000 in a year = 15000 MR

Spend ₹4,00,000 in a year = 25000 MR + 10,000 Rs. Taj Experiences Gift Card (both can be clubbed together)		Spend ₹50,000 in a month = 1000 Rs. Gift Card
Renewal Fee (with referral + GST)₹1,770₹5,310₹5,900₹11,800
Reward Multipler (link)2x MR points5x MR points3x MR points3x MR points
Reward Return %
(when 1 MR = 0.33p (link) amzn voucher)
higher possible depends on redemption
On 1.56L annual spends1x = 4.46%

(12000 MR + 6000 MR + 3120 MR = 21120 MR)

Spend 4x1500 for 12 months + Spend extra 14k for 6 months + regular MR for all spends		1x = 3.19%

(12000 MR + 3120 MR = 15120 MR)

Spend 6x1000 for 12 months + regular MR for all spends		1x = 0.66%

(3120 MR)

regular MR for all spends		1x = 2.58%

(3000 Rs. Gift Card + 3120 MR)

Spend 50k for 3 months + regular MR for all spends
2x = 5.12%

Spend same on reward multiplier and get 2 MR / 50		5x = 5.83%

Spend same on reward multiplier and get 5 MR / 50		3x = 1.98%

Spend same on reward multiplier and get 3 MR / 50		3x = 3.90%

Spend same on reward multiplier and get 3 MR / 50
On 2L annual spends1x = 4.12%

(12000 MR + 9000 MR + 4000 MR = 25000 MR)

Spend 4x1500 for 12 months + Spend extra 14k for 9 months + regular MR for all spends		1x = 2.64%

(12000 MR + 4000 MR = 16000 MR)

Spend 6x1000 for 12 months + regular MR for all spends		1x = 3.13%

(15000 MR + 4000 MR = 19000 MR)

Spend 1.9L + regular MR for all spends		1x = 2.66%

(4000 Rs. Gift Card + 4000 MR)

Spend 50k for 4 months + regular MR for all spends
2x = 4.78% (29000 MR)5x = 5.28% (32000 MR)3x = 4.45% (27000 MR)3x = 3.98% (12000 MR + voucher)
On 4L annual spends
(as per 24k collection..
14000 Taj = 8000 amzn, so in that case 10000 Taj = 5714 Amazon pay)		1x = 2.64%

(12000 MR + 12000 MR + 8000 MR = 32000 MR)

Spend 4x1500 for 12 months + Spend extra 14k for 12 months + regular MR for all spends		1x = 1.65%

(12000 MR + 8000 MR = 20000 MR)

Spend 6x1000 for 12 months + regular MR for all spends		1x = 5.43%

(15000 MR + 25000 MR + 8000 MR = 48000 MR + 5714 adjusted Taj 10k)

Spend 1.9L + Spend 4L + regular MR for all spends + 5714 adjusted Taj 10k)		1x = 2.66%

(8000 Rs. Gift Card + 8000 MR)

Spend 50k for 8 months + regular MR for all spends
2x = 3.3% (40000 MR)5x = 4.29% (52000 MR)3x = 6.84% (64000 MR + 5714)3x = 3.98% (24000 MR + voucher)
On 6L annual spends
(as per 24k collection..
14000 Taj = 8000 amzn, so in that case 10000 Taj = 5714 amzn)		1x = 1.98% (36000 MR)
2x = 2.64% (48000 MR)		1x = 1.32% (24000 MR)
5x = 3.96% (72000 MR)		1x = 3.90% (52000 MR + 5714)
3x = 5.22% (76000 MR + 5714)		1x = 2.66% (12000 MR + 12000)
3x = 3.98% (36000 MR + 12000)

Ideally,
  • SmartEarn - to experience amex network compared to VISA, mastercard, Diners and Rupay, occasional spend based offers (low spends means no offer or offer on their affiliated program, not much but just for experience) and to see where you fit with their cards. Not a recommended card but can start with this one.
  • MRCC - to spend 1.56L in a year with referral annual fee got waived and recommended card in amex (as per above table best for milestone benefits).
  • Gold charge- occasional high spends, and mostly for 5x on their reward multiplier program. 1x not much beneficial but can be used for utilities and fuel milestone spends.
  • Platinum Travel - best for either 4L spends (as per above table MRCC even works for upto 2L) and able to utilize or sell those Taj milestone vouchers.
  • Platinum Reserve - for lounge, golf, accor plus, taj epicure, and monthly 50k spends.

Return calculation considerations:
  • Above returns are based on 1 MR = 0.33p (as of today, we get amzn/fk vouchers at this value in their 18k/24k collection).
  • You can use single MR pool account for all cards and can redeem for 18k/24k (make sure add new cards to existing username) for all cards.
  • 10K Taj value considered as equivalent amzn voucher value as per 24k collection..
14000 Taj = 8000 Amazon pay,
so 10k Taj = Rs.5714 Amazon pay voucher based on 24K collection
  • Return values varies from person to person depends on redemption options. One may consider 1MR = 1Rs. for Marriott or 1MR = 0.50p for Taj or 1MR = 0.33p for amzn/fk vouchers. Above is lowest value, and it can only increase based on other redemption options.
  • Return values also varies based on retention offer (check below gold charge retention thread about possible options, same applies all cards).
Notes about AMEX Network and Cards:
  • Amex may not be the good network, so acceptance still an issue even in urban (start with basic card and check your surroundings and upgrade to better).
  • 18k/24k can devalue at any time (last time they gave only 2 or 3 days time) so above values as of today, and no guarantee for tomorrow.
  • Amex is best for security or disputes, so whenever you're purchasing from some new website use this card if they accept.
  • All above cards milestones works for fuel spends too (so an alternative to fuel card).
  • Amex not meant for regular rewards but for milestone benefits (if you can't achieve milestone, these cards are not for you).
Let me know if you need to include any data in this table, will try.

DM / look for signature if you're looking for help to apply AMEX cards (need valid address proof from serviceable location). May get referral benefits for both. TIA

Other comparisons:
- https://www.technofino.in/community/threads/whats-your-gold-charge-retention-offer.14690/
- https://www.technofino.in/community/threads/atlas-vs-regalia-gold-vs-horizon.26500/
- (with drsel) https://www.technofino.in/community/threads/yes-marquee-vs-yes-reserv-3x-vs-yes-reserv-5x.24652/
- https://www.technofino.in/community/threads/au-zenith-vs-au-zenith.18143/
 
Last edited by a moderator:
Apply For LTF AU LIT Credit Card
Sort by date Sort by votes
navdeep22 said:
good information man, but i didnt like your taj voucher converions :P hehe
Click to expand...

yep, I know but to make it equal across all cards used equal amzn voucher point of view but as mentioned its the lowest value and if you consider 10k taj with 10k value then reward increased to 50%.

Ex: on 4L spends lowest you'll get 5.43% and with 50% it will be 8.14%

not to mention, I didn't used opportunity cost here - if we include then most of us won't like at all

sidp

Post in thread 'Best method to check whether card worth the fee paid or not'

helloworld said:
Interesting. So, you're saying fee is already spent, and it shouldn't be part of benefit calculation (cashback + discount) and not meant for recovery.

Now, A. make sense.



yeah, this is huge area where one might lost :) but good to know more about opportunity cost..

https://www.technofino.in/community...rs-vs-stan-chart-rewards-360.8471/post-134404
Click to expand...
You are on right track there. But slight mistake.
So net benefit is 15000×.95 -900-118=13232
This is what you gained in absolute term.
But if you do cba for % return it will be...
  • Like
 
Upvote 0 Downvote
helloworld said:
CategoryMRCCGold ChargePlat. TravelPlat. Reserve
Joining Fee (with referral + GST)0₹1,1800₹11,800
Joining Benefits (with referral)500 MR (on spending ₹5,000)6000 MR (on spending ₹10,000)500 MR (on spending ₹5,000)15000 MR (on spending ₹25,000)
Click to expand...
Edited Gold joining benefit as 6k MR points on spending 10k

As only the referral bonus is 2k is credited after 5k

Joining bonus of 4k is only after additional spends of 5k

Good job on the original post ✌️
 
Upvote 0 Downvote
helloworld said:
yep, I know but to make it equal across all cards used equal amzn voucher point of view but as mentioned its the lowest value and if you consider 10k taj with 10k value then reward increased to 50%.

Ex: on 4L spends lowest you'll get 5.43% and with 50% it will be 8.14%

not to mention, I didn't used opportunity cost here - if we include then most of us won't like at all

sidp

Post in thread 'Best method to check whether card worth the fee paid or not'

helloworld said:
Interesting. So, you're saying fee is already spent, and it shouldn't be part of benefit calculation (cashback + discount) and not meant for recovery.

Now, A. make sense.



yeah, this is huge area where one might lost :) but good to know more about opportunity cost..

https://www.technofino.in/community...rs-vs-stan-chart-rewards-360.8471/post-134404
Click to expand...
You are on right track there. But slight mistake.
So net benefit is 15000×.95 -900-118=13232
This is what you gained in absolute term.
But if you do cba for % return it will be...
  • Like
Click to expand...
Yeah man,was just chilling. Only thing in your post which I didn't find explanatory was 18k/24k. As I don't have amex card, I understood every other point but 18k/24k
 
Upvote 0 Downvote
navdeep22 said:
Yeah man,was just chilling. Only thing in your post which I didn't find explanatory was 18k/24k. As I don't have amex card, I understood every other point but 18k/24k
Click to expand...

Do check (link) in the post, it has respective URLs which gives you more understanding about 18k/24k and Reward Multiplier.

Ex:
Net % (for JF and benefits)
1 MR = 0.33p (link)
 
Upvote 0 Downvote
You must log in or register to reply here.
Status
The first post in this thread is a WikiPost, and can be edited by anyone with the appropriate permissions.

Similar threads

Rajat Nigam
  • Question Question
MRCC vs Gold Charge
2 3 4
Replies
76
Views
7K
Kshokar
K
chatenrk
  • Question Question
Amex Platinum travel vs Amex Gold Charge
Replies
5
Views
4K
margan
M
Back
Top