username_x
TF Buzz
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 5,310/- (Rs. 4,500/- + GST). 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. 2,49,558/- (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 7.34%.
Now my questions on this:
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 5,310/- (Rs. 4,500/- + GST). 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. 2,49,558/- (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 7.34%.
Now my questions on this:
- Is 7.26% good?
- Is 50p/ MB Point a fair assessment?
- 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?
Last edited:
