Is Amex MRCC jewelry transaction eligible for Milestone Benefit?

[Mekala ManojKumar]

Hi All,
I have a Amex MRCC card recently received, I have a plan to buy jewelry from Amazon/Flipkart ,but the actual question here is , is this jewelry or gold transaction eligible for Milestone benefit.
1.spend 20k/month get 1000 MR points
2.Spend 150k for Renewal Fee waived off

are above spends considered for the Jewelry Transaction either online or offline.
Thanks Advance.

 

[Chacha_vidhayak]

Yes go for it 👍

 

[350modena]

Hi All,
I have a Amex MRCC card recently received, I have a plan to buy jewelry from Amazon/Flipkart ,but the actual question here is , is this jewelry or gold transaction eligible for Milestone benefit.
1.spend 20k/month get 1000 MR points
2.Spend 150k for Renewal Fee waived off

are above spends considered for the Jewelry Transaction either online or offline.
Thanks Advance.

View attachment 75120

Yes. Everything spent on amex whether base MR points are given or not, is considered for milestone benefit.

 

[SSV]

Hi All,
I have a Amex MRCC card recently received, I have a plan to buy jewelry from Amazon/Flipkart ,but the actual question here is , is this jewelry or gold transaction eligible for Milestone benefit.
1.spend 20k/month get 1000 MR points
2.Spend 150k for Renewal Fee waived off

are above spends considered for the Jewelry Transaction either online or offline.
Thanks Advance.

View attachment 75120

Yes, yes and Yes!!

 

[drsel]

But first calculate
1) the dealers margin when you buy
2) the making charges
3) 3% GST

Then,
4) the dealer's margin when you sell
5) melting charges.

Then see if your AmeX points recover all these losses and still give you a profit.
because if it was profitable, then the jewellers themselves would be doing this.

 

[Mekala ManojKumar]

Thanks for response @all

 

[ALOAK]

Hi All,
I have a Amex MRCC card recently received, I have a plan to buy jewelry from Amazon/Flipkart ,but the actual question here is , is this jewelry or gold transaction eligible for Milestone benefit.
1.spend 20k/month get 1000 MR points
2.Spend 150k for Renewal Fee waived off

are above spends considered for the Jewelry Transaction either online or offline.
Thanks Advance.

View attachment 75120

Yes it is eligible for milestone