American Express has long been synonymous with travel luxury benefits & rewards. The latest of the luxury travel rewards addition does not come as a surprise. It is a result of a long relationship between Amex & Taj Group of Hotels.
Amex recently added Taj Vouchers to their unique 18K & 24K Gold Collection rewards. With Rs. 14,000 worth Taj Vouchers under 24K Gold Collection, the reward rate skyrockets. These vouchers can be used to pay for stay and / or food bills at any Taj property within India.
Let’s see how. This is Text-book style slow & steady wins the race.
American Express Membership Rewards Credit Card (MRCC) offers 1000 bonus points every month for doing 4 transactions of Rs. 1000 or more. Additionally, American Express gives a welcome bonus of 2000 points for new members.
- Welcome Bonus – 2000 Points
- 21 Months x 1000 Bonus Points = 21,000 Points
- Regular Points on 21 Months x 4 x 1000 Rs. Transactions – 1680 Points
The above translates to spends of Rs. 84,000 in 21 Months and Rs. 14,000 worth Taj Vouchers working out to an exceptional reward rate of 16.7%
Don’t want the Taj Vouchers? Fret not, as Amex has you covered with other options:
24K Gold Collection redemption options:
- Tanishq Vouchers worth Rs. 10,000
- Statement Credit worth Rs. 9,000
18K Gold Collection Redemption Options:
- Amex Travel Voucher worth Rs. 7,000
- Amazon Voucher worth Rs. 7,000
- Statement Credit worth Rs. 6,000
The best part of the Amex 4 x Rs. 1000+ transactions is that wallet loading counts against these transactions. So you can load up Amazon Pay, Paytm & pay your utility / phone bills. High reward rates don’t come easier than this.
The Amex referral program offers a chance to earn even more bonus points. 2000 Bonus Points for whoever applies for an Amex card using this link.
If you are influential enough, you have the potential to earn even more bonus points through the Amex referral program and accelerate your way to 18K or 24K Gold Collection Rewards.