Closing AMEX MRCC - thoughts?

[sd.ac]

I currently have a couple of Axis LTF cards (Neo, MyZone), a LTF Amazon ICICI card, an AMEX MRCC and a HDFC Infinia plastic (paid) card. The Infinia is my main card.

I applied for the MRCC in 2023 and was using it exclusively for Amazon vouchers (4 x 1500) each month. With the recent devaluation and the Rs 250 voucher denomination, this no longer seems worth it. My travel is somewhat limited so I'm thinking seriously about closing the MRCC.

Question: any good reasons to keep the MRCC card active? (anything I'm missing...)

I received the card by referral so it was FYF and then Rs. 1500 per year - oddly, they didn't charge me the second year fee (even though my spends are well below any waiver limit)

Thanks in advance for your inputs.

 

[the_collector]

Redeem the points for cash or sell the points to someone via Marriot(Maximum 1 lakh per year is allowed).

What's the current selling rate of 1 marriott point? What's the max value i can get?

I also have about a lakh, and I'm considering closing amex too

 

[Indrajeet100]

If anyone can answer related query. If I close Amex card(s), Taj voucher received as milestone in Amex Travel remains valid or not?

 

[karanssh]

If anyone can answer related query. If I close Amex card(s), Taj voucher received as milestone in Amex Travel remains valid or not?

yes, remains valid.

 

[maheshspanicker]

No communication yet from Amex on the speculated changes. Were they testing the waters and backed off? Or wre they just nothing speculations?
But with Amazon Pay introducing new usage restrictions on Pay Balance, getting the milestones on the MRCC is becoming more and more difficult.

 

[opbamldg]

What's the current selling rate of 1 marriott point? What's the max value i can get?

I also have about a lakh, and I'm considering closing amex too

0.45 per point.

 

[the_collector]

0.45 per point.

Ugh, pretty sad tbh.
I would've love to redeem marriott but right now, the point prices for each night are crazy. Heavily devalued. Points are 3x revenue rate which makes no sense and accor offers a much better value overall