Revaluation Rumoured revaluation for american express cards

[da3m0n]

There seems to be some news around revaluation for amex cards:

As per the website: https://tradebrains.in/major-change...lders-will-they-benefit-you-or-cost-you-more/

📌 Key Updates Across All AmEx Cards​

• Rewards structure revised
  
  • Lower earning rates on everyday categories like fuel and utilities.
  • Higher points for partner merchants and online spending only.
  • Monthly caps introduced on reward point accumulation. mitrade.com+15tradebrains.in+15tradebrains.in+15
• Lounge access trimmed
  
  • Complimentary visits limited per quarter, rather than unlimited.
  • Some international lounge access now paid or removed from included benefits. tradebrains.in+1economictimes.indiatimes.com+1
• Fees and T&Cs updated
  
  • Revised annual and concierge fees (especially on premium cards).
  • New conditions for redemption and point expiry across card types.

🟡 Card-Specific Changes​

Card	Key Change
Platinum Card	Travel perks downgraded; concierge fees increased. Rewards adjust to emphasize high-spend or partner categories. tradebrains.in
Gold Charge Card	Altered reward earn/redemption structure; less generous on routine spend.
SmartEarn Credit Card	New cashback rules introduced, with a pivot to partner brand tie-ups.
Membership Rewards Card	Revised limits and point expiry policies to encourage premium usage.

 

[BhaiyaJi]

Any reduction in annual fees expected ?

 

[praful47]

Application kab chalu hoga

 

[RupayMan]

Did you mistyped as Revaluation instead of Devaluation?

 

[magnusfan]

I hope Marriott transfer continues at 1:1 if not better!

 

[maheshspanicker]

Amex seems intent on getting people to close their cards. Already struggling to meet the monthly 1000*4 transactions with Amazon increasingly not giving value, and card being effectively online only. Lets see what the details are for MRCC. Unless the card can somehow be converted to LTF, might have to think of closing the MRCC sooner rather than later. Should be fine for a few more months, as the card renewal is only in Jan and I have so far managed meeting spend targets. This year so far, have reached close to the half-way mark. There aren't too many Amex upfront discount offers any more, and the mix of cards I have often makes even the Amex online spends a losing proposition.

 

[ozzy_ausbound]

tradebrains.in seems like a fake news site. The article is full of inconsistencies. For instance, for the gold card they have mentioned: "Monthly milestone rewards now require a higher spending of INR15,000 per month which was earlier at INR10,000."

But there is no such monthly milestone currently.

 

[maheshspanicker]

Going by the website, seems the Amex monthly bonus rewards for 4 transactions are effectively over. It says Rs 10000 spends for the 1000 points. Is it going to be 5*2000 or 4*2500? Even after facing multiple devaluations across multiple cards over the years, this is the first time I am seriously contemplating closing a card. There were 2 others I was bit concerned about. One was SBI Click, but they agreed to convert it to LTF, and now I use it only when there are upfront discounts, or once in 3 or 4 months for atransaction under 500. There is Flipkart Axis. I am among the very few who have to pay for the card. But the combination of the card and Grabdeals still give me decent value, and though they've had another devaluation lined up, I usually don't have the threshold-crossing spends that should put me off. And I have Millenia as a back-up. But MRCC is different. I prefer the gold redemptions, and those have taken multiple hits already. Seems more is in the pipeline, so can't see how the card can give value, unless they have really attractive flight booking options, and that I very much doubt. Don't think we'll be getting much better than the upfront discounts say a Federal Bank or PNB would offer. Those 2 have given me serious value in flight booking over the last couple of years...
Amex was one provider I had no issues onboarding as a disabled person. Absolute professionals. But seems we are at a crossroads now...

 

[BVCBVC is verified member.]

I have gone through the tradebraina post yesterday but all they mentioned are inconsistent and not matching existing information also. For now just read it out, but let’s wait to hear from Amex officially.

Obviously there will be changes with the past system. Wait continues.