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

 

[aceventura]

Have you included the card fees in the calculation? The biggest sticking point with Gold charge is rewards are maximised at 72K annual spend and the annual fees further reduce the reward % significantly.

With respect to 0.5Rs per RP, it is only attainable with either using it for Marriott or selling the Marriott points.