Wallets with AMEX support

[rohitpgarg]

Looking to compile info on Wallets with AMEX load support and charges. Primarily for QR scan

1. Phonepe - 3% - only phonepe QR
2. Mobikwik - 2.95% (first 1k free) - all QR
3. Payzapp - no amex support
4. Paytm - RIP
5. Amazon pay wallet - no amex support
6. bajaj pay wallet - no amex support

(LAST UPDATE : 11 May 2024)

Please suggest other wallets with UPI QR scan support and AMEX load support.

 

[reach2dpg]

Bajaj Finserv wallet

 

[rohitpgarg]

Bajaj Finserv wallet

Amex load charges? All UPI QR scan supported?

 

[Lobogris]

Looking to compile info on Wallets with AMEX load support and charges. Primarily for QR scan

1. Phonepe - 3% - only phonepe QR
2. Mobikwik - 2.95% (first 1k free) - all QR
3. Payzapp - no amex support
4. Paytm - RIP

Please suggest other wallets with UPI QR scan support and AMEX load support.

What is the benefit of loading a wallet rather than directly paying via Amex?

 

[Rahul Gupta]

What is the benefit of loading a wallet rather than directly paying via Amex?

Rotation sir rotation.

 

[rohitpgarg]

What is the benefit of loading a wallet rather than directly paying via Amex?

Many small merchants only accept UPI. I get no benefit from UPI. Hence looking for wallets with amex support and lower charges.

 

[TheGuy]

What is the benefit of loading a wallet rather than directly paying via Amex?

Wallets with PPI can be used on Small Merchants. I used to use Paytm Wallet and Transit Card (as Visa is accepted everywhere) where Amex was not accepted.
Which is surprisingly often. My local McD, 24x7, Kendriya Bhandar etc don't accept Amex. New Delhi- Administrative.

Also, even with Paytm 2.65% Charge, I would have net rewards of 2.35% (5% Amex - 2.65% Charges) higher than best UPI Card.

 

[TheGuy]

Rotation sir rotation.

Apart from Amex, there is not any card that pays more than 2-3% Charges levied.
So, does rotation (ex Amex) make sense?

 

[SonyTom]

Looking to compile info on Wallets with AMEX load support and charges. Primarily for QR scan

1. Phonepe - 3% - only phonepe QR
2. Mobikwik - 2.95% (first 1k free) - all QR
3. Payzapp - no amex support
4. Paytm - RIP

Please suggest other wallets with UPI QR scan support and AMEX load support.

Amazon pay wallet may support. It has some 2.35% convenience fees. Have not tried.

Edit: Clarified by @VibhavBilgoji . Amazon pay wallet doesn’t support Amex.

 

[VibhavBilgoji]

Amazon pay wallet may support. It has some 2.35% convenience fees. Have not tried.

no it doesn't

 

[SonyTom]

no it doesn't

Ok bro. Editing my previous post.

 

[SRK]

Looking to compile info on Wallets with AMEX load support and charges. Primarily for QR scan

1. Phonepe - 3% - only phonepe QR
2. Mobikwik - 2.95% (first 1k free) - all QR
3. Payzapp - no amex support
4. Paytm - RIP

Please suggest other wallets with UPI QR scan support and AMEX load support.

Try Freecharge Wallet (Full KYC) - 2.71%

 

[rohitpgarg]

Rotation sir rotation.

Not looking to rotate anything. This is for genuine spends only.

 

[Lobogris]

Wallets with PPI can be used on Small Merchants. I used to use Paytm Wallet and Transit Card (as Visa is accepted everywhere) where Amex was not accepted.
Which is surprisingly often. My local McD, 24x7, Kendriya Bhandar etc don't accept Amex. New Delhi- Administrative.

Also, even with Paytm 2.65% Charge, I would have net rewards of 2.35% (5% Amex - 2.65% Charges) higher than best UPI Card.

The 5% on Amex isn't really 5%. Actual value of the points is far lower.

 

[rohitpgarg]

The 5% on Amex isn't really 5%. Actual value of the points is far lower.

Depends on how you redeem them.

 

[Lobogris]

Depends on how you redeem them.

Is there a way to redeem for at least Re 1 per point?

 

[anirban.choudhury]

Is there a way to redeem for at least Re 1 per point?

Try marriot or VS , easily you can extract 1 or more value

 

[SonyTom]

The 5% on Amex isn't really 5%. Actual value of the points is far lower.

Thats incorrect
I have MRCC. So I can say about it.

If spends are properly done ie ₹20000 for 6 months and ₹6000 for 6 months, and all these spends are via Reward multiplier portal (for eg buying Amazon pay GC),the return is 5.1%.
If one cannot spend the entire ₹156000 in the reward multiplier portal, but manages to spend half of it at reward multiplier portal and the remaining half at other websites, the returns drops a bit to 4.84%. Still very decent.

With a spend of ₹156000, the annual fee is also waived off.

*For this calculation, I have taken a very conservative value of 1 RP as ₹ 0.33. This is the rate of conversion when using the RP to buy Amazon pay GC via 18k/21k Collection.

 

[TheGuy]

The 5% on Amex isn't really 5%. Actual value of the points is far lower.

I agree. now a days it is more like 3.7-4% for Amazon Voucher.

 

[LimaT]

Amex load charges? All UPI QR scan supported?

Wallet UPI is there, But Amex not working, as It is only allowing 3 digit CVV.