Gold Charge Retention - Is it worth it?

[username_x]

Hello all!

My first thread! I know this question has been asked a lot, but stay with me on this one.
I have a Gold Charge Card, and like many people reported, AMEX is not offering me any renewal offers.
So if I renew it, I will spend 5,900/-. Here is what I get back, as I spend it only on Gyftr.
Rs. 20k APay Vouchers through Gyftr (10k on main + 10k on add-on) = 2k points per month
6 x 1,000/- Transactions milestone = 1k points (By breaking down purchase of 20k APay into 6 transactions)
Expense: 1.5% of 20k + GST = Rs. 540/-

So Annual Math is this:
Expense = Rs. 2,52,380/- (Including renewal fee & Gyftr Fee)
Points = 36,648 (including points on Gyftr Convenience Fee)

Considering 50p per 1 MB Point, this is a return of 7.26%.

Now my questions on this:

1. Is 7.26% good?
2. Is 50p/ MB Point a fair assessment?
3. I am not really partial towards Marriott only. I like Accor equally, and have Axis Atlas as well (but NOT Infinia or Magnus or Emerald etc.). Can I get better return elsewhere?

Thank you for reading, and looking forward to your replies!

 

[Guddi]

I think you're confusing Gold Charge with MRCC. Confirm which one you're talking about.

 

[username_x]

I think you're confusing Gold Charge with MRCC. Confirm which one you're talking about.

My bad. I meant 1000 x 6 transactions, which gives 1,000 bonus points per month. I have edited the original post.

 

[Bionick]

I think you're confusing Gold Charge with MRCC. Confirm which one you're talking about.

He's right. His calculations are inline with the 5X reward points on gold charge via reward multiplier