No more First Year Free cards from Amex referrals and Changes to Annual Fee pricing for Amex Mrcc

[Adith]

Bonus points are back but FYF offer is gone . 3rd Sep to 22nd Oct.

 

[SunnyM]

I was finally thinking about getting MRCC and they killed it.

 

[coolguy1]

I was finally thinking about getting MRCC and they killed it.

It's not too bad for the first year.

Or you can also get the Plat Travel card for the first year and then decide accordingly whether to hold or not for the second year, the points you get will make up more than the fees you pay for!

 

[drsel]

Now Gold charge is definitely the best with returns of 10.71% in the first year, due to gyftr 5x rewards for buying 1000 x 6 Amazon pay vouchers every month

you can close it when you reach the target of 18000 reward points to get 6000 Amazon pay.

 

[350modena]

I was finally thinking about getting MRCC and they killed it.

I think it makes sense as the card spends to get renewal waiver is just 1.5L a year. And you still get 4k MR points on paying 1000 ++ joining fees + 2k referral bonus. Which even at 0.33 value compensates for the fess.

Plus 4-5% returns on spends of > 72k a year.

 

[drsel]

I was finally thinking about getting MRCC and they killed it.

Not at all.
for 1180 they give you 6000 points worth 2000 Amazon pay

 

[neonshobhit]

You now get 10,000 additional MR points with the Travel card, so it's actually better.

People pay ₹6000 on renewal to get the same points while you can get them for just ₹3500 and the 2000 Bonus points so in total, you get 12,000 MR points on joining!

There's nothing mentioned about 10k renewal points in the offer page. How do you get that?

 

[drsel]

There's nothing mentioned about 10k renewal points in the offer page. How do you get that?

Pay 4130 real money & Spend 15000 real money in the 1st 90 days to get 2000+10000 points worth 4000 Amazon pay

 

[neonshobhit]

Pay 4130 real money & Spend 15000 real money in the 1st 90 days to get 2000+10000 points worth 4000 Amazon pay

This is 1st year offer, right?
I'm asking about 2nd year renewal offer of 10k

 

[drsel]

This is 1st year offer, right?
I'm asking about 2nd year renewal offer of 10k

No, so you should not pay any renewal fee

 

[coolguy1]

This is 1st year offer, right?
I'm asking about 2nd year renewal offer of 10k

Yes, the 12k points bonus is for the first year only.

From the second year, 40K points + 10K Taj voucher is still a great return and you can always negotiate the renewal fee with the customer based on your expenses.

 

[CVR]

This is 1st year offer, right?
I'm asking about 2nd year renewal offer of 10k

No renewal benefit. You can negotiate the fees. Mostly 50% fees will be waived off.

 

[ManojGowda]

No renewal benefit. You can negotiate the fees. Mostly 50% fees will be waived off.

Mutiple options will be provided
Spend 1.5L in 90 days
Use 10k MR points against fees
50% fee waived off

 

[drsel]

Mutiple options will be provided
Spend 1.5L in 90 days
Use 10k MR points against fees
50% fee waived off

7500 cost @5%
3333 cost @33p
2950 cost