Maximizing Returns on Amex MRCC in the First Year (~13% Reward Rate)

Here’s how you can aim for a ~13% return on your Amex MRCC in the first year, taking advantage of the recent changes:

  • Costs & Bonuses:
    • Joining Fee: ₹1,000 + GST
    • Welcome Bonus: 4K points on ₹15K spends within 90 days
    • Renewal Fee: ₹4,500 + GST (but we plan to close the card after 1 year to avoid this)
  • Regular Spend Strategy:
    • Make 4 transactions of ₹1,500 each monthly using Amex Gyftr (Amazon Pay or Amazon Shopping vouchers).
    • Total spend: ₹73.2K (₹1.2K + 12 x ₹1.5K).
  • Referral & Bonus Points:
    • Get 2K points for referring and spending ₹5K in 90 days.
    • Additional 4K welcome bonus points for another ₹10K spent in the first 90 days.
  • Points Earned:
    • Total points: 18.9K, valuing Amex points at ₹0.5 each, equaling ~₹9.5K.
  • Bonus Tips:
    • Earn 1K bonus points for 4 transactions of ₹1,500 each.
    • Don’t forget to enroll in the milestone bonus program for ₹20K spends per month.

This results in a reward rate of ~13% by strategically using your spends and maximizing the bonus points!