Need Urgent Help in Rotating 20k on Amex Card

[beast_boy]

I have to rotate 20k from my Amex card , can you suggest me ways to do the same with minimal charges or 0 charges.
Please Its urgent

 

[ujjwal2024]

as long as your credit limit, income and spending pattern is reasonable, it will be ok...
But of course, you have a limit of 3L, income of lets say 10L and you are spending 5L in a month, then of course any risk management algorithm will trigger
But it will not trigger due to 20k wallet loading on 3L card limit

And you should have other spends also other than wallet load

 

[Ram1]

as long as your credit limit, income and spending pattern is reasonable, it will be ok...
But of course, you have a limit of 3L, income of lets say 10L and you are spending 5L in a month, then of course any risk management algorithm will trigger
But it will not trigger due to 20k wallet loading on 3L card limit

Hm overspends triggers

 

[paxauquabriba-4876]

Create 3 new MK accounts (need 3 PANs) and add 1k first (0 charges for 1k per month) and then load 5k (For new user, 75 back). You would've added 18k at Rs. 225 charges. i.e., 1.25%. Obviously, this will work only once and if it's a one time thing, this method has the lowest charges

If you want a recurring method - With a single MK account, you can rotate 16k per month. Add 1k first @0 charges and 15k next with century code, so 50 back. Net charges here would be 2.5%. This is the best you can get

wondering 3 pan name vs amexholder name different , no issue ?

 

[nikhilk21]

wondering 3 pan name vs amexholder name different , no issue ?

As discussed in the above threads, as long as amount is not extremely high, it should not be a problem. Have been using 2 MK accounts to load 1k free each month. Helps with small UPI spends

 

[Ram1]

In uber app ... select amazon pay wallet add money ...you can add 2000 per Amazon account in a month .. then simply transfer funds from amazon wallet to bank . It will be counted in genuine spend .

Is this still working?

 

[_ayush]

Renewal fee is 5900 (-5000 received) =900 only.
Wallet loading fee 3% is 12000 on 4 lacs

12900 cost to earn 48000 points.
How many nights stay will you get in a city centre hotel in a tourist location with 48000 Marriott points?

1- Fees is 50% of 5900. They almost always offer 50 fee waiver.
2- I didn't rotate whole 4L. I did 75k since the renewal date was close and I didn't have any big expense planned.
3- I understand that its hard to extract great value from Marriott points but I feel like its a nice backup option. Eg - I was able to get 3 nights in ITC Kakatiya for 35k points while visiting Hyderabad. Or a better case, a friend got 3 nights in JW Marriott Mumbai for some 80k points around Coldplay concert where every hotel's price was sky high.
4- AMEX also considers NPS and emi for milestone which makes it slightly easier.

 

[arone]

they block business people who use their pos to transfer money to themselves. when they do it every month through out the year they see a pattern which blocks or cancels the card since it's a clear violation.

lets say you own a petrol bunk now you get money from your card at 0% since charges are passed onto customer as fuel surcharge and is waived up to certain amt.

or

you somehow got a pos with utility mcc same scenario but not sure about charges levied on merchant but prolly less.

 

[avikrish]

In uber app ... select amazon pay wallet add money ...you can add 2000 per Amazon account in a month .. then simply transfer funds from amazon wallet to bank . It will be counted in genuine spend .

Upto Rs2000 in calender month via amex mrcc credit card, any charges from amex or conv fee from uber or Amazon etc... ?? If it is Amazon wallet what is the validity is it. 365 days ??

Do we get base mr points for Amazon pay wallet load via amex mrcc ??

 

[suresh2024]

In uber app ... select amazon pay wallet add money ...you can add 2000 per Amazon account in a month .. then simply transfer funds from amazon wallet to bank . It will be counted in genuine spend .

can you please tell me know. where is amazon pay wallet add money in uber app ?

 

[Card_prof]

Is this still working?

Today I tried to add money but it says amex not accepted as of now