helloworld
TF Legend
American Express® Gold Card
Annual Fee: 5310
18k/24k Collection | ||
Welcome Gift (Spend 5k in 90days) | 4000 MR | - |
Referral Benefit (Spend 5k in 90days) | 2000 MR | - |
Regular Reward (Incl. Fuel and Utility) | 1 MR/50 | 0.33 - 0.58 (Amzn - Taj) |
Milestone benefits (6 transactions of 1000 each in a calendar month) | 1000 MR | - |
Spend 72000 in a year (6000x12) | ||
Reward Rate | Regular 1x purchases (1440 MR + 12000 MR = 13440 MR) | 6.16% - 10.83% |
Reward Multiplier 5x purchases (7200 MR + 12000 MR = 19200 MR) | 8.8% - 15.47% | |
Net Reward Rate for 1st Year 1180 (JF) + 72000 (Spends) | 4000 MR + 2000 MR + (13440 MR to 19200 MR) | 8.76% - 19.97% |
Problem: Above returns drastically changes based on retention offer because there is no annual fee waiver based on spend amount in Gold charge.
- If the fee waived full, then above are your return rate on this card.
Note: If accumulation takes multiple years then multiple retention offers needs to be considered.
Sample retention offers (may vary from p2p depends on association, spends etc.):
1. Pay Full Fee (5310) and get 10000 MR (Net Return*: 9.4% - 20.96%)
2. Pay Half Fee (2655) (Net Return*: 7.34% - 17.42%)
3. Full Fee Reversal on 1.5L spend in next 3M (Net Return*: 4.22% - 12.05%)
Based on these offers, actual reward rate will vary.
* Calculated based on 1st year spends + 2nd year spends along with respective retention offer with lowest and highest reward option in Gold collection.
So, whats your gold charge retention offer?
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