Optimal usage guide for Amex

[maynigam]

Hello Guys
Is there an optimal usage guide for reward multiplier, wallet loads and QR code payments and Amazon pay vouchers?
I have read the Trifecta optimum usage guide but looking for details on reward multiplier gyftr etc.

1. Can we pay merchants which have amazon and paytm QR codes using wallet load? What are the extra charges?
2. Can we buy amazon pay vouchers to load apay and pay merchants who have amazon QR codes?
3. Optimal reward multiplier use
4. Is it better to use Gold charge on reward multiplier as compared to platinum travel?

Thanks in advance

 

[coolguy1]

1. Can we pay merchants which have amazon and paytm QR codes using wallet load? What are the extra charges?

No UPI payments using Apay balance(added via vouchers)

2. Can we buy amazon pay vouchers to load apay and pay merchants who have amazon QR codes?

No UPI payments using Apay balance(added via vouchers)

3. Optimal reward multiplier use

Buy vouchers from Gyftr, 1000x6 for Gold Charge to get max MR points and additionally get monthly 1k bonus MR points.
(You will get 5x multiplier points with Gyftr)

4. Is it better to use Gold charge on reward multiplier as compared to platinum travel?

Yes because Gold charge will get you 5x multiplier points while Plat Travel will only fetch you 3x points.

 

[AlgoTrader]

I don't understand why people choose gold charge

 

[Aditya12]

I don't understand why people choose gold charge

It may make sense for really high spenders to keep Gold Charge as additional card but not to me and I'll give a calculation. Let's compare Plat Travel and Gold Charge and consider your yearly spends are around 4L and that you spend around 2L on Gyftr and rest 2L direct. Annual Fees on both is almost similar at Rs 4500-5000.

Plat Travel:
2L on Gyftr - 12000 MR Points
Rest of the 2L - 4000 MR Points
Bonus Points - 40000 MR on spending 4L + Rs 10,000 Taj Voucher

Total: 56000 MR Points + Rs 10,000 Taj Voucher

Gold Charge:
2L on Gyftr - 20000 MR Points
Rest of 2L - 4000 MR Points
Bonus Points - 12000 on completing 1000X6 transactions

Total: 36000 MR Points (Slightly better value due to gold collection though).

If you want one or two cards I'd choose Plat Travel + MRCC. Gold charge does not make a lot of sense. Am I missing something!! ?

 

[maynigam]

Am I missing something!! ?

Plat travl rewards upto 4L. In excess of that, we can use gold charge.

I’m planning to use Plat travl for my rent payments (will achieve nearly 90% milestone only via rent). For all other spends which can be done using rewards multiplier can be done via gold charge as it gives 5x!!

 

[maynigam]

No UPI payments using Apay balance(added via vouchers)

Can we load wallet via card and pay them? How are the charges?

 

[CVR]

Plat travl rewards upto 4L. In excess of that, we can use gold charge.

I’m planning to use Plat travl for my rent payments (will achieve nearly 90% milestone only via rent). For all other spends which can be done using rewards multiplier can be done via gold charge as it gives 5x!!

Don’t think there is any platform accepting amex for rent payment.. mobikwik also doesn’t work properly..

 

[sxchzy]

Can we load wallet via card and pay them? How are the charges?

amex levies 3.5% for paytm wallet loads

 

[sxchzy]

Don’t think there is any platform accepting amex for rent payment.. mobikwik also doesn’t work properly..

it has started working properly now

 

[maynigam]

amex levies 3.5% for paytm wallet loads

So there is absolutely no benefit of wallet load feature on amex cards? How about Amazon?

 

[Aditya12]

it has started working properly now

I'm wondering what motivates to use Amex for rent payment. To complete milestone on Plat Travel?
Asking because Mobikwik using Amex charges 2.35% when some other cards charge very less (Regalia using Redgiraffe + HDFC Billpay charges less than 1% and also gives points equivalent to 1.3%).

 

[aceventura]

amex levies 3.5% for paytm wallet loads

Paytm charges for Amex is 2.65% (they do have a current offer for 2.35% cashback upto 300 to fuel wallet, usable 3 times in a month till Oct). If the user transfers to bank account even once in the last 3 months, the rate would be bumped.

 

[coolguy1]

Can we load wallet via card and pay them? How are the charges?

I don't think you can load APay with a card at the moment, just UPI.

 

[aceventura]

So there is absolutely no benefit of wallet load feature on amex cards? How about Amazon?

there is one, DM me.

 

[sxchzy]

Paytm charges for Amex is 2.65% (they do have a current offer for 2.35% cashback upto 300 to fuel wallet, usable 3 times in a month till Oct). If the user transfers to bank account even once in the last 3 months, the rate would be bumped.

For me it shows at 3.65 now

 

[sxchzy]

So there is absolutely no benefit of wallet load feature on amex cards? How about Amazon?

Amazon doesn't accept wallet loads.
Mobikwik and Paytm are the only two options

 

[sxchzy]

I'm wondering what motivates to use Amex for rent payment. To complete milestone on Plat Travel?
Asking because Mobikwik using Amex charges 2.35% when some other cards charge very less (Regalia using Redgiraffe + HDFC Billpay charges less than 1% and also gives points equivalent to 1.3%).

Amex points can be transferred to FFP partners

 

[sourpai]

For me Amex loads on Paytm are showing 2.65% charges and there is an offer for 1.5% cashback via scratch cards into fuel wallet. You still loose 1.15%

 

[maynigam]

I am assuming that Plat travel gives 8.5 and rent charges will be 3 max. So we can still get 5.5 by hitting milestone.
My other cards are pathetic for rewards. Magnus, Regalia Gold, Rubyx, Wealth, Octane.
Other option is to apply SBI Vistara Prime. But I dunno if they will approve, I just got Octane approved last week. Also, 6 other cards applied this month.

 

[aceventura]

For me it shows at 3.65 now

Did any funny stuff? 😄