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Prospects can get INR 15,000 Amazon voucher on new Plat RCP card approvals along with welcome gift

The cheapest card you can get is SmartEarn but that isn't as rewarding as the second cheapest card MRCC.

First-year fees get waived off when you apply using an invited link.
You get 1000 bonus points on 6k spends(and 2000 bonus points on 20k spends).

That's an insane 16.666% return if you transfer them to hotel points or lower for other vouchers.

And if you manage to spend 90k in the first year, the second year fee is just ₹750, and if you spend 1.5L, it gets waived off.

I would say it's one of the best cards to get into the Amex ecosystem.
I know it's a good card & use it personally as well but in general
1. If 6k spends per month then in 12 month - 12000 + 1440 MR points -> multiply with 0.38 (gold collection which gives best value) we get 5107.2 Rs
You won't get fee waiver, so return would be (5107.2 - 1770)/72k = 4.6% return only
2. If you got above for 20k -> let's 10 months 6k & 2 months 20k -> 14000+2000 -> 6080 Rs.
Half fee waiver -> so return (6080-885)/1L = 5.2%
How you calculated 16.66? can you explain?
 
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