best way to buy amazon pay /amazon shopping voucher

[jayvirrathi]

amazon pay / amazon shopping voucher
best way to get maximum rewards/cashback with monthly limit for all types of cards
like hdfc, axis, sbi, amex etc.

 

[drsel]

Using the same logic and calculations, Amex MRCC 1500 x 4 gives you a higher return, after deducting 885 annual fees on a pro rata basis for 16 months and spending 96000 in 16 months

Approx 6.06% return ( assuming Amazon pay is worth 100% cash).
But there is a much longer waiting period of 16 months.

 

[jetmix]

Please deduct the Amex MRCC annual fees of 885 (50% discount) on a pro rata basis for 7.5 months out of 12 months.
Also let's assume for the sake of simplicity, that Amazon pay vouchers are worth 100% cash, because they are quasi cash.

7000-553/150000 works out to 4.30% return

But remember that Amazon pay vouchers can be bought at a discount of 5% or more

Thanks for your insights and my bad to mention that i am holding MRCC as LTF.

 

[insight]

Please deduct the Amex MRCC annual fees of 885 (50% discount) on a pro rata basis for 7.5 months out of 12 months.
Also let's assume for the sake of simplicity, that Amazon pay vouchers are worth 100% cash, because they are quasi cash.

7000-553/150000 works out to 4.30% return

But remember that Amazon pay vouchers can be bought at a discount of 5% or more

Dang! So better to get 5% CB via SBI CB?

Can someone counter this math?

 

[insight]

Using the same logic and calculations, Amex MRCC 1500 x 4 gives you a higher return, after deducting 885 annual fees on a pro rata basis for 16 months and spending 96000 in 16 months

Approx 6.06% return ( assuming Amazon pay is worth 100% cash).
But there is a much longer waiting period of 16 months.

1% Lost over that time.

 

[aceventura]

Let me be the kind member...

These are not all cards just the top cards as per me.

Magnus assumes 4:5 conversion with Burgundy account.

Vouchers bought through the respective reward multiplier portals.

Point value is taken which can bit conservative.

Though its pretty self explanatory but happy to answer in case of any doubt.

Card	Spend	Processing Fee	Total Charge	Base Points	Bonus Points	Milestone Points	Total Points	Conversion to Mile	Point Value	Net Reward Post Charges	Eff Reward Rate
Diners	20000​	767​	20767​	665​	1330​	0​	1995​	1​	1​	1228​	6.14%​
Magnus	10000​	0​	10000​	600​	600​	0​	1200​	0.8​	1​	960​	9.60%​
Amex Plat	10000​	0​	10000​	250​	1000​	0​	1250​	1​	0.5​	625​	6.25%​
Amex MRCC	20000​	0​	20000​	400​	400​	2000​	2800​	1​	0.5​	1400​	7.00%​
Amex MRCC	6000​	0​	6000​	120​	120​	1000​	1240​	1​	0.5​	620​	10.33%​
Amex Plat Travel	400000​	0​	400000​	8000​	8000​	40000​	56000​	1​	0.5​	28000​	7.00%​
Amex Gold	6000​	0​	6000​	120​	480​	1000​	1600​	1​	0.5​	800​	13.33%​
Infinia	20000​	767​	20767​	665​	2660​	0​	3325​	1​	1​	2558​	12.79%​

Doesn't Amex Plat Travel give 3x rewards in Reward Multiplier? While Amex Gold looks high, lack of fee waiver, assuming annual fees are charged, makes it very less compared to % quoted here.

 

[Aditya12]

Doesn't Amex Plat Travel give 3x rewards in Reward Multiplier?

Right. So total points would be 40000 (Bonus)+ 24000 (3X Reward Multiplier) = 64000.
Value assuming 0.5 conversion will be Rs 32000 Plus Rs 10000 Taj voucher = Rs 42000 (10.5%). This is assuming your renewal charges are waived.

 

[drsel]

Doesn't Amex Plat Travel give 3x rewards in Reward Multiplier? While Amex Gold looks high, lack of fee waiver, assuming annual fees are charged, makes it very less compared to % quoted here.

Can you buy Amazon pay on the reward multiplier portal?

 

[drsel]

I use Amex MRCC and gold charge only for buying Amazon pay vouchers

 

[shutapdiya]

Can you buy Amazon pay on the reward multiplier portal?

Yes . .

 

[maggitopramen]

Let me be the kind member...

These are not all cards just the top cards as per me.

Magnus assumes 4:5 conversion with Burgundy account.

Vouchers bought through the respective reward multiplier portals.

Point value is taken which can bit conservative.

Though its pretty self explanatory but happy to answer in case of any doubt.

Card	Spend	Processing Fee	Total Charge	Base Points	Bonus Points	Milestone Points	Total Points	Conversion to Mile	Point Value	Net Reward Post Charges	Eff Reward Rate
Diners	20000​	767​	20767​	665​	1330​	0​	1995​	1​	1​	1228​	6.14%​
Magnus	10000​	0​	10000​	600​	600​	0​	1200​	0.8​	1​	960​	9.60%​
Amex Plat	10000​	0​	10000​	250​	1000​	0​	1250​	1​	0.5​	625​	6.25%​
Amex MRCC	20000​	0​	20000​	400​	400​	2000​	2800​	1​	0.5​	1400​	7.00%​
Amex MRCC	6000​	0​	6000​	120​	120​	1000​	1240​	1​	0.5​	620​	10.33%​
Amex Plat Travel	400000​	0​	400000​	8000​	8000​	40000​	56000​	1​	0.5​	28000​	7.00%​
Amex Gold	6000​	0​	6000​	120​	480​	1000​	1600​	1​	0.5​	800​	13.33%​
Infinia	20000​	767​	20767​	665​	2660​	0​	3325​	1​	1​	2558​	12.79%​

this is a very helpful post! thank you so much

 

[balpreet.singh]

this is a very helpful post! thank you so much

Inifinia close second and this seems good validation for me Buy some of this amount as Amazon shopping voucher ( no extra charge on that over as compared to Amazon pay voucher) and the return % may get equal or better than Amex Gold I suppose.

Regards,
Balpreet Singh

 

[aceventura]

Inifinia close second and this seems good validation for me Buy some of this amount as Amazon shopping voucher ( no extra charge on that over as compared to Amazon pay voucher) and the return % may get equal or better than Amex Gold I suppose.

Regards,
Balpreet Singh

Infinia is the #1, as the processing fees have come down, now it is 590Rs instead of Rs 767 quoted in the post, making it 13.675%.

Also Amex Gold, has a high renewal fee which will not be reversed or waived off for 72K annual spends, and the rewards fall of steeply post 72K.

 

[balpreet.singh]

Infinia is the #1, as the processing fees have come down, now it is 590Rs instead of Rs 767 quoted in the post, making it 13.675%.

Also Amex Gold, has a high renewal fee which will not be reversed or waived off for 72K annual spends, and the rewards fall of steeply post 72K.

and LTF infinia would be another good point to take it further ahead

 

[insight]

Let me be the kind member...

These are not all cards just the top cards as per me.

Magnus assumes 4:5 conversion with Burgundy account.

Vouchers bought through the respective reward multiplier portals.

Point value is taken which can bit conservative.

Though its pretty self explanatory but happy to answer in case of any doubt.

Card	Spend	Processing Fee	Total Charge	Base Points	Bonus Points	Milestone Points	Total Points	Conversion to Mile	Point Value	Net Reward Post Charges	Eff Reward Rate
Diners	20000​	767​	20767​	665​	1330​	0​	1995​	1​	1​	1228​	6.14%​
Magnus	10000​	0​	10000​	600​	600​	0​	1200​	0.8​	1​	960​	9.60%​
Amex Plat	10000​	0​	10000​	250​	1000​	0​	1250​	1​	0.5​	625​	6.25%​
Amex MRCC	20000​	0​	20000​	400​	400​	2000​	2800​	1​	0.5​	1400​	7.00%​
Amex MRCC	6000​	0​	6000​	120​	120​	1000​	1240​	1​	0.5​	620​	10.33%​
Amex Plat Travel	400000​	0​	400000​	8000​	8000​	40000​	56000​	1​	0.5​	28000​	7.00%​
Amex Gold	6000​	0​	6000​	120​	480​	1000​	1600​	1​	0.5​	800​	13.33%​
Infinia	20000​	767​	20767​	665​	2660​	0​	3325​	1​	1​	2558​	12.79%​

@drsel - This was the sheet I was trying to recall as compared to the math you had shared.

Why cant we have some SHARED community sheets with variables and rectifications so that we are aware of how this data plays.

 

[frezcoop]

@drsel - This was the sheet I was trying to recall as compared to the math you had shared.

Why cant we have some SHARED community sheets with variables and rectifications so that we are aware of how this data plays.

Really like this idea. Moreover I want to know same thing for Regalia. As Regalia is more common than Infinia. So is it even worth using it this way

 

[insight]

Really like this idea. Moreover I want to know same thing for Regalia. As Regalia is more common than Infinia. So is it even worth using it this way

I am sure we can just keep adding and improving for most cards in community shared sheet.

@drsel - What do you think?