Regular spends on AMEX

[iamhks]

My monthly spends are around 15k excluding rent.
This is my spend strategy using Gold and MRCC: (I am considering 1MR point = 0.5Rs, that brings 1% reward rate for amex cards)

MRCC: 6k ~7.5k

Will do wallet load mostly: 2.95%

Yearly 12000 point considering 6k/pm excluding 1% from convenience fee making convenience fee 1.95%

Reward rate: (Value of points - Annual fee * gst)/ Spends = (6000-(1500*1.18))/72000 = 0.0588

5.8-2 (convenience fee) = 3.8 %
Reward rate would increase if Annual fee is 50% possible if I spend 7.5k per month


Gold: 6k ~7.5k

Vouchers 5X (wont consider for now) fuel, swiggy, bb, apay and the likes

Yearly: 13440 points for 6k/pm

If 50% renewal fee:

Reward rate: (Value of points - Annual fee * gst)/ Spends = (6720-(2250*1.18))/72000*100 = 5.64 %

If 100% annual fee:

Reward rate: (Value of points - Annual fee * gst)/ Spends = (6720-(4500*1.18))/72000*100 = 1.95 %

Can this be optimized any further?

 

[helloworld]

For your spends gold not required and you're paying your earnings in the form of fee, so I suggest close it.

And MRCC alone would suffice, just try to spend 14k in alternative months along with 6k. You're good with around 4% return.

 

[Anubhav2024]

No need for that bro download MobiKwik add money from amex apply code century upto rs 100 Cashback for 1%

MobiKwik charges 3% so effectively you will pay 2% then put that money in MobiKwik Xtra for 1 mk thand earn 1% Xtra and pay the bill from hdfc platinum debit card via hdfc bill pay application and easily earn reward points and achieve milestone