How will Amex users deal with RBI action on paytm

[nimod]

I used to complete MRCC 20k, smartearn 2.5k with paytm wallet.

Now there's no option left, how will amex users deal with it?

If the ban is not lifted, and forces to pay fee, I will close these cards.

[Mods may please move this thread to amex section]

 

[jk51]

I used to complete MRCC 20k, smartearn 2.5k with paytm wallet.

Now there's no option left, how will amex users deal with it?

If the ban is not lifted, and forces to pay fee, I will close these cards.

[Mods may please move this thread to amex section]

Can’t help with the rotation part however for potential areas where spends can be made and acceptance is there have posted here

Post in thread 'AMEX PLATINUM TRAVEL CARD BEST WAYS TO SPEND'
https://www.technofino.in/community...vel-card-best-ways-to-spend.10632/post-408480

 

[nimod]

Can’t help with the rotation part however for potential areas where spends can be made and acceptance is there have posted here

Post in thread 'AMEX PLATINUM TRAVEL CARD BEST WAYS TO SPEND'
https://www.technofino.in/community...vel-card-best-ways-to-spend.10632/post-408480

Not rotation, but it's been a great option for Street-Level retail spends.
Paytm wallet is accepted everywhere in Delhi and overall RP-value beats any other option for a layman.

 

[coolguy1]

Well, I feel sad for you and for Paytm as it's closing down.

But I don't think Amex really cares much about this as the users considered as big spenders weren't adding any money to Paytm.
And the users just passing the milestone using the Paytm wallet trick, Amex wouldn't care about those since they add more costs and very minimum MDR.

At our scale, it does sound scary but if you think globally from their perspective, you will feel the difference.

 

[D₹V]

I used to complete MRCC 20k, smartearn 2.5k with paytm wallet.

Now there's no option left, how will amex users deal with it?

If the ban is not lifted, and forces to pay fee, I will close these cards.

[Mods may please move this thread to amex section]

Buy PinePerks RuPay Gift card from Amazon using your AMEX card & pay with that everywhere (at POS).

 

[nimod]

Buy PinePerks RuPay Gift card from Amazon using your AMEX card & pay with that everywhere (at POS).

Can't use this card with Street vendors.

Any way, I'll use amex for apay GVs.

 

[D₹V]

Can't use this card with Street vendors.

Any way, I'll use amex for apay GVs.

Amazon GV Also won't work for street vendors 🗿

 

[Ayush_]

Buy amazon GV then use Amazon pay balance to pay utilities, insurance, other shopping gift cards, etc.
I'm doing it since last 2 years

 

[Anubhav2024]

I used to complete MRCC 20k, smartearn 2.5k with paytm wallet.

Now there's no option left, how will amex users deal with it?

If the ban is not lifted, and forces to pay fee, I will close these cards.

[Mods may please move this thread to amex section]

How were you doing that milestone with paytm?

Paytm charges around 3.35% for Amex for add money right?

 

[nimod]

How were you doing that milestone with paytm?

Paytm charges around 3.35% for Amex for add money right?

Paytm charged me 2.65%.
I used to load 14k to paytm. Thats my best option for offline use.

 

[Anubhav2024]

Paytm charged me 2.65%.
I used to load 14k to paytm. Thats my best option for offline use.

MobiKwik charges 2.5%+18% gst approx 3 % and gives 1% instant cashback on loading via credit card so effectively I get 2% loading charges and I put that amount in MobiKwik Xtra which gives 1% back and pay via hdfc platinum debit card which again gives 1% back so effective cost is zero and reward points and milestone are a bonus 👍

 

[nimod]

MobiKwik charges 2.5%+18% gst approx 3 % and gives 1% instant cashback on loading via credit card so effectively I get 2% loading charges and I put that amount in MobiKwik Xtra which gives 1% back and pay via hdfc platinum debit card which again gives 1% back so effective cost is zero and reward points and milestone are a bonus 👍

With amex also?

 

[Anubhav2024]

With amex also?

Yep I am using amex platinum and amex mrcc cards for monthly spends of rs 55000 on MobiKwik

 

[Tejo]

Amazon GV Also won't work for street vendors 🗿

Amazon too developed similar infrastructure to paytm.

The customers can pay via Amazon wallet to vendors by adding money from cards.
-- Amazon not promoting this like paytm did....
-- Due to misuse of add money from cards to bank ..... might you can't load from card* heavily.

 

[D₹V]

Amazon too developed similar infrastructure to paytm.

The customers can pay via Amazon wallet to vendors by adding money from cards.
-- Amazon not promoting this like paytm did....
-- Due to misuse of add money from cards to bank ..... might you can't load from card* heavily.

Well, where ? 🧐

 

[FinoGuy]

Buy PinePerks RuPay Gift card from Amazon using your AMEX card & pay with that everywhere (at POS).

Good to know that you've taken some load off from @Abhishek012 's shoulders , Poor thing! until now he single handedly promoted pineperks until its OOS. With you stepping in for promotion , he can at least spare some time to get some sleep. 😁

 

[D₹V]

Good to know that you've taken some load off from @Abhishek012 's shoulders , Poor thing! until now he single handedly promoted pineperks until its OOS. With you stepping in for promotion , he can at least spare some time to get some sleep. 😁

Well, the reason of PinePerks being OOS is me 😉👇