Amex Platinum Travel card for paying 32000 rent per month?

[maynigam]

Hello guys. Is there an option of paying rent via Amex Plat Travel card? If so, which are the portals and do we get any MR points? How about Bharatnxt to pay rent?

 

[DaDarkkNight]

Rental agreement has been uploaded; Waiting for the same to be approved; Will update

Update s ?

 

[coolguy1]

View attachment 33912

This mentions Taj Voucher 1:1 but do note that they're 2:1 ratio. 🙂

 

[arjun697]

Rental agreement has been uploaded; Waiting for the same to be approved; Will update

Waiting to know how this went 🙂 Mobikwik I will try after 26th.

 

[maynigam]

Update: I did a 18k wallet load with Amex Platinum and transferred it to landlords account. It went without a problem. ~3% was charged.

 

[maynigam]

This mentions Taj Voucher 1:1 but do note that they're 2:1 ratio. 🙂

Yes. I have changed it. Also, the actual rate of return is very different.

 

[maynigam]

Amex Platinum Travel



FYF then 5k/year - email for waiver



1 MR for every 50 rupees

Insurance/Utility/Fuel - No RP

Wallet Load - RP given! -> Can be used for insurance!



1.9L milestone (all spend) - 15000 MR

4L milestone (all spend) - 25000 MR + 10k Taj voucher

Milestone Reward points need to be requested!



Reward Multiplier - 3 MR for every 50 rupees (3x)

Merchants- Amazon Myntra Flipkart Apple Swiggy etc



Lounge - 2/quarter (domestic)



1 MR = 0.375 Amazon/Flipkart

~ 0.75% base return

~2.25% 3x reward multiplier returns

~4.5% rate of return + 10k Taj voucher with milestones



1MR = 0.58 Taj Vouchers

~1.16 base return

~3.5 3x reward multiplier returns

~7% rate of return + 10k Taj voucher with milestones



1MR = 0.5 Asia miles/Krisflyer/Etihad/Avios/Emirates

~1% base return

~3% 3x reward multiplier returns

~6% rate of return + 10k Taj voucher with milestones



1MR = 0.3 Club Vistara

~0.6% base return

~1.8% 3x reward multiplier returns

~3.6% rate of return + 10k Taj voucher with milestones



1MR = 1 Mariott Bonvoy = 0.5 INR

~ 1% base

~ 3% using 3x reward multiplier

~ 6% + 10k Taj voucher with milestones

 

[Random123]

Update: I did a 18k wallet load with Amex Platinum and transferred it to landlords account. It went without a problem. ~3% was charged.

Thanks for sharing. Just wanted to add there is code CENTURY in mobikwik which gives 1% upto 200 cashback, so minor reduction in charge !

 

[arjun697]

Update: I did a 18k wallet load with Amex Platinum and transferred it to landlords account. It went without a problem. ~3% was charged.

Just some rough calculations on my 34k rent. This will come to around 1020 per month or Rs12240 annually. So total expenses on this Plat Travel card will be 18,140 (Inc annual fees).
Does wallet load have RP's? Anyway 40k MR will be received as bonus along with the 10k Taj Voucher. If there are RP, it will be 48k MR in total.
So are 18k fees for 48k points + Taj Voucher worth it? Even at a conservative .5 value, it does seem fine.
Anyway rent is a necessary expense which can't be skipped but might as well get some use out of it.

 

[maynigam]

T

Just some rough calculations on my 34k rent. This will come to around 1020 per month or Rs12240 annually. So total expenses on this Plat Travel card will be 18,140 (Inc annual fees).
Does wallet load have RP's? Anyway 40k MR will be received as bonus along with the 10k Taj Voucher. If there are RP, it will be 48k MR in total.
So are 18k fees for 48k points + Taj Voucher worth it? Even at a conservative .5 value, it does seem fine.
Anyway rent is a necessary expense which can't be skipped but might as well get some use out of it.

This is exactly what I was considering few days back. This is my calculation

1 MR = 0.375 Amazon/Flipkart

~ 0.75% base return

~2.25% 3x reward multiplier returns

~4.5% rate of return + 10k Taj voucher with milestones

So 4.5-3 = 1.5-% rate of return on rent. Plus 10k taj voucher. This is my conclusion.

 

[arjun697]

Yep not too bad even if we take the conservative estimates! Assuming the 3% rate doesn't change too much

 

[arjun697]

@maynigam Also, how much time did it take for the rent to be credited to landlords account?

 

[maynigam]

@maynigam Also, how much time did it take for the rent to be credited to landlords account?

It was immediate I think

 

[skunkworks]

Hi all,
I pay a combined rent of 55k per month for all 3 flatmate together. Rental agreement as names of all 3 of us. I have recently got Amex plat travel card, how best do you suggest I avail it to reach the 4l/year milestone ?

 

[skunkworks]

Update: I did a 18k wallet load with Amex Platinum and transferred it to landlords account. It went without a problem. ~3% was charged.

Did you get any reward points for this as well ? And will this be counted in 4l/yr milestone?

 

[ALOAK]

Of course one will get MR points for wallet loads i too have received for 20k wallet load

 

[yashvijay]

Thanks for sharing. Just wanted to add there is code CENTURY in mobikwik which gives 1% upto 200 cashback, so minor reduction in charge !

Can you use it multiple times in a day? Or maybe multiple times in a month? Currently it's capped at ₹100 so can I do multiple ₹10k transaction and add money?

 

[Random123]

Can you use it multiple times in a day? Or maybe multiple times in a month? Currently it's capped at ₹100 so can I do multiple ₹10k transaction and add money?

Hi yes it did work multiple times last month but haven’t checked this month. Paytm is also good option if there is some cashback offer

 

[arjun697]

It was immediate I think

The monthly limit for wallet addition for Amex was also 20k right? I could only add 20k, rest I just had to generally transfer to the landlord.

 

[yashvijay]

Hi yes it did work multiple times last month but haven’t checked this month. Paytm is also good option if there is some cashback offer

I've never got any cashback from Paytm for adding money to wallet via CC. Also did you get to try if you can add money to wallet using the code this month?

 

[aceventura]

I've never got any cashback from Paytm for adding money to wallet via CC. Also did you get to try if you can add money to wallet using the code this month?

You have to activate the offer as well as select the offer and do the load via that to get Paytm cashback. I did this month and got the cashback.