Starting February 1, 2025, American Express Credit Cardholders will incur an additional 0.75% convenience fee + GST on Amazon Pay and Amazon Shopping gift voucher purchases made through the Rewards Multiplier program.
Here’s what you need to know:
What is changing?
- The 0.75% convenience fee will apply to the total value of Amazon Pay and Amazon Shopping gift vouchers purchased through the Rewards Multiplier platform.
- GST on Convenience Fee: On top of the convenience fee, GST (18%) will be charged, further impacting the total cost.
Example Calculation:
- If you buy an Amazon gift voucher worth ₹1000:
- The 0.75% fee will be ₹7.50
- GST (18%) on ₹7.50 will be ₹1.35
- The total additional cost will be ₹8.85
What does this mean for you?
- If you regularly redeem points for Amazon gift vouchers, this added cost will increase the total amount you spend on these transactions.
- It’s important to factor this new fee into your future purchases starting February 2025.
Why the fee?
- The fee is a part of AmEx’s updated terms for the Rewards Multiplier platform and will apply exclusively to Amazon gift vouchers.
Pro Tip: Be mindful of this change and plan your purchases accordingly to maximize your rewards points value.