Amex and
Amex and MobiKwik,.... How?
I don't get option to pay through Amex card on MobiKwik for rent payment.
Load Mobikwik wallet with MRCC card, 15000 using Century coupon code.
413 is the fees charged by them for this.
You get 100 back as CB.
Paying the CC bill using HDFC Billpay and Easyshop Plat DC gives back 154.
15413 gives 308 MR points which is equal to 101 with 0.33 conversion.
You are getting back 355 out of the 413. 58 still remains.
Getting to the 20k transaction and 1500 times 4 transactions gives you 2100 more points at least. That's almost 726 with the same conversion ratio of point 33. Adding 50 for the bill pay CB for that 5k.
You are making 718-ish rupees back at the end of all this.
That is still around 3.4% for this entire ordeal. Please keep in mind I made this calculation using my rent amount of 21k.
If your rent amount is higher, AU Zenith+ makes the most sense with flat 0.7%.
Amex MRCC peaks its return ratio at 20000 spends per month and goes down from there as you spend more.
Even if I calculate with a rent of 30k per month, the return rate is still 1.8% .
Please consider the fact that I do not hold premium cards like Atlas/Magnus/Infinia which can give potentially higher returns.