American Express has finally started issuing cards since they were put under an embargo by the RBI. Their most sought entry-level but highly rewarding card is known as AMEX Membership Rewards Credit Card. This card if used in the right way can help you yield good reward rates. With the recently started referral program, you can further take advantage of the joining offers.
Let’s check out how we can maximize rewards on it!
www.technofino.in
***Apply now for any AMEX Card by clicking on the banner above and get all the referral benefits***
On applying for an MRCC card via the link above you get this card First Year Free and a 67% discount on next year's renewal fees as well. Further, you are set to earn 2000 Membership Reward Points on spending ₹5,000 within 90 days!
Case 1: If you spend ₹1,500*4 (₹6,000) transactions per month then you get to earn 13440 MR points in a year and get a reward rate of 7.1% even if you redeem for Amazon Vouchers. But keep in mind that you need to pay annual fees of ₹1,500 in this case and reward rates decrease to 4.63%.
Case 2: If you spend ₹20,000 per month then you get to earn 28800 MR points in a year and get a reward rate of 4.60% even if you redeem for Amazon Vouchers.
So anyway you get to earn a good reward rate of a minimum of 4.63% which is huge for an entry-level credit card.
Case 3: The real earning potential of AMEX lies in its Reward Multiplier where you get 2X reward points on MRCC and the reward rate increases by almost 60bps.
Although AMEX gives no rewards on fuel purchases still you can buy BPCL vouchers and redeem them at your nearest fuel bunk to get an exceptional reward rate of up to 20.66%! (Who Knows)!
TechnoFino Tip: Always try to split your transactions in multiples of ₹1500 to reach your milestone faster.
www.technofino.in
AMEX is one of those cards in which one redemption option can't fit everyone. Some find solace in gold collection vouchers and other in Marriot Bonvoy transfer. Miles enthusiasts can extract value from airlines transfer too. So there is something for every AMEX card holder. While redemption opportunities are a lot I wish AMEX brings 3X and 5X offers from time to time just like in 2020 so that everyone can rack up some points fast!
Are you planning to get the American Express MRCC? Feel free to share your thoughts in the comments below.
Let’s check out how we can maximize rewards on it!
AMEX Membership Rewards Credit Card Review - TechnoFino - Best Credit Card & Personal Finance Advisor
The most sought entry-level but highly rewarding card is the AMEX Membership Rewards Credit Card.
www.technofino.in
***Apply now for any AMEX Card by clicking on the banner above and get all the referral benefits***
On applying for an MRCC card via the link above you get this card First Year Free and a 67% discount on next year's renewal fees as well. Further, you are set to earn 2000 Membership Reward Points on spending ₹5,000 within 90 days!
Case 1: If you spend ₹1,500*4 (₹6,000) transactions per month then you get to earn 13440 MR points in a year and get a reward rate of 7.1% even if you redeem for Amazon Vouchers. But keep in mind that you need to pay annual fees of ₹1,500 in this case and reward rates decrease to 4.63%.
Case 2: If you spend ₹20,000 per month then you get to earn 28800 MR points in a year and get a reward rate of 4.60% even if you redeem for Amazon Vouchers.
So anyway you get to earn a good reward rate of a minimum of 4.63% which is huge for an entry-level credit card.
Case 3: The real earning potential of AMEX lies in its Reward Multiplier where you get 2X reward points on MRCC and the reward rate increases by almost 60bps.
Although AMEX gives no rewards on fuel purchases still you can buy BPCL vouchers and redeem them at your nearest fuel bunk to get an exceptional reward rate of up to 20.66%! (Who Knows)!
TechnoFino Tip: Always try to split your transactions in multiples of ₹1500 to reach your milestone faster.
AMEX Membership Rewards Credit Card Review - TechnoFino - Best Credit Card & Personal Finance Advisor
The most sought entry-level but highly rewarding card is the AMEX Membership Rewards Credit Card.
www.technofino.in
AMEX is one of those cards in which one redemption option can't fit everyone. Some find solace in gold collection vouchers and other in Marriot Bonvoy transfer. Miles enthusiasts can extract value from airlines transfer too. So there is something for every AMEX card holder. While redemption opportunities are a lot I wish AMEX brings 3X and 5X offers from time to time just like in 2020 so that everyone can rack up some points fast!
Are you planning to get the American Express MRCC? Feel free to share your thoughts in the comments below.
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