![]() ![]() You can opt for statement credit, though the reward rate is low (25p for 1RP), and I won’t suggest doing this. This credit card is very versatile in terms of redemption options. Versatile in terms of reward pointsĪmex MRCC credit card is one such credit card, which you can apply for it without thinking much about how and where to redeem your reward points. Thus, you can accumulate your RPs for multiple years and plan a big redemption in one go as highlighted here. (Read the T&Cs here carefully before buying) Reward points don’t expireĪmerican Express is among the very few credit card issuers where RPs don’t expire. At a 40p value, the reward rate will be 5.6% and at a 60p value, the reward rate will be 8.4%. This will give you 33,600 RP at the end of the year (Assuming 20k spent every month). Use your Amex MRCC credit card to buy a BPCL Gift voucher from the Amex Reward Multiplier website. Pro-Hack-2:If there is a BP petrol pump close to your place. For transactions up to 5k, there is no surcharge applicable. Pro-Hack-1: If you are planning to swipe your Amex MRCC credit card, then use HP Petrol pumps. If you happen to redeem these RPs for Taj vouchers you will get 14000 worth of Taj vouchers a whooping ~6% reward rate. In a hypothetical scenario if you were to spend 20k in a month only on fuel using Amex MRCC you will still end up with 24000 MR points at the end of the year. The thumb rule is that you get a ~4% reward rate on your fuel spending if you can meet both monthly targets. Thus you end up getting RPs on fuel spending too. T he fuel spends are counted towards milestone spends of 4×1500 and monthly 20k spend target. While Amex MRCC does not give reward points for fuel spending. Thoughts on Amex MRCC Credit Card Positives: Probably the best all-around fuel card ![]() No lounge access on this card is one major disappointment.You need to do a one-time enrolment for the same here. Further, you get additional 1000 MR points simply by spending INR 20k or more in a calendar month.You get 1000 bonus MR points for simply using your card 4 times on transactions of INR 1,500 or above in a calendar month. The USP of the Amex MRCC credit card is monthly milestone points.Accelerated Reward Rate: 2MR points for every INR 50 spent on the Amex Reward Multiplier portal (similar to the HDFC Smartbuy portal).No reward points for spending on fuel, insurance, utilities and cash withdrawal. Base Reward Rate: 1MR point for every INR 50 spent.Moreover, if your spending is above 90k but less than 1.5lk, you pay only 50% of the fees. The annual fee is waived on annual spending of 1.5lk.The big benefit here is a 0 first year fee and massive reduction in annual fees from the second year onwards. Further, you get 2000 MR points on spending 5000 in 90 days. The second year onwards annual fee will be 1500+GST. However, if applied thru the link above you get Amex MRCC with 0 first-year fees. ![]()
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