If you’re looking for great returns without having access to super-premium credit cards, the Amex Platinum Travel Credit Card used with Amex Gyftr can give you amazing benefits. Here’s a breakdown of how the returns work:
MR Points Earn Rates
1. Regular Earn Rate: 1 MR point per ₹50 spent.
2. Accelerated Earn Rate on Reward Multiplier: 3 MR points per ₹50 spent.
3. Milestone Benefit: Spend ₹4 Lakhs in a year and earn 40,000 MR points.
You won’t spend the entire ₹4 Lakhs on Reward Multiplier, but you’ll still receive proportionate bonus MR points based on your overall spends. So, with milestone benefits, you essentially earn 5 MR points per ₹50 as a milestone bonus.
Maximizing Returns on Gyftr
When using Gyftr on the Reward Multiplier platform, here’s how your points stack up:
1. Regular MR Points (3X on Gyftr): 3 MR points per ₹50.
2. Milestone Bonus Points: 5 MR points per ₹50.
3. Total Earn Rate: 8 MR points per ₹50 spent.
Effective Returns
If you value each MR point at ₹0.40, your return comes out to be:
- 8 MR points/₹50 x ₹0.40 = 6.4% return on your Amex Reward Multiplier Gyftr spends.
This doesn’t even include the additional offers Amex runs or the ₹10K Taj Gift Voucher you get with the Platinum Travel Card.
Why It’s Worth It
- High Return: Get up to 6.4% return on Gyftr spends.
- Taj Gift Voucher: ₹10K GV as part of milestone benefits.
- Flexibility: Use points for travel, dining, or experiences.
Use this strategy to maximize your returns on the Amex Platinum Travel Card and get the most value from your everyday spends!