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Which card is better between Amex MRCC and Gold Charge card (or any other Amex card) ?
The card which I mainly use are -
1. Axis Ace (for bill payments upto ₹10K and other offline uses)
2. SBI Cashback (strictly for online use)
3. SBI BPCL (for fuel)
4. RBL Valueplus supercard (for fuel upto ₹2500 p.m)
Major MONTHLY spends are -
1. Electricity bill payments of ~₹20000 per month (pm)
2. Offline spends of ₹25000 pm
3. Fuel spends of around ₹6000 pm
4. Online spends of around ₹7000 pm
I would prefer reward redemption in Amazon Pay vouchers rather than a luxurious hotel stay.
It differs on how you intend to pay Electricity Bills. You should use Amazon Pay for Electricity bill payments.
Buy 20K worth amazon Gift cards each month. Use Rewards multiplier for buying this (Amex Gyftr).
Best possible MR point to Apay GV redemption value = 38.8 Paisa per MR point
Gold Charge Card : (5x multiplier for GV purchase)
Split Apay GV purchase in 6 Transactions worth 1000 INR or more while doing so.
Monthly milestone MR points for (1000 x 6) = 1000
MR points for GV purchase with multiplier = 2000
Yearly MR points: 36000
Return Rate = 5.83% (for 2.4L spends in year)
Platinum Travel (3x multiplier for GV purchase)
No Monthly milestone.
MR points for 2.4L worth Apay vouchers (for the Year) - 14400
Annual Milestone for 1.9L spends : 15000
Annual MR points total : 29400
Return Rate = 4.75%. (for 2.4L spends in year)
(If you manage to 4L in a year with this card though, which gives another 25K MR points milestone benefit,
then return rate would be 5.58%)
MRCC : (2x multiplier for GV purchase)
Split 20K Apay GV purchase in 4 Transactions of 1500 INR or more.
Monthly Milestone MR poins for 1500 x 4 = 1000
Monthly Milestone MR points for 20K monthly spends = 1000 (you'd need to enroll to this benefit)
MR points for 20K purchase including multiplier = 800
Monthly MR points : 2800
Yearly MR points : 33600
Return Rate = 5.43 % (for 2.4L spends in year)
In case of MRCC, you'll have no renewal fees as spends will be more than 1.5L in an year. This could boost the returns on MRCC even further.
Considering this I'd say get MRCC for your use case. Plat Travel and Gold charge card won't have any fees waiver though you could negotiate to get some MR points against the fees for both. Considering your MR point redemption option is Apay GV only, I would not suggest either of those cards, this approach is useful for those who want to redeem them against Mariott Bonvoy points.