Thread by @tejasghongadi

Lot of queries on how I am getting Value out of @AmexIndia Platinum Charge Card considering annual fee of ₹71K. So decided to pen down some details:

🧵 Alert!

Going to focus more on tangible benefits (Cashbacks & MR Points both) as the annual fee is siginificant.

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Cashbacks:

1. More Value from Platinum 100% CB - ₹27.5K & ₹30K
2. Google / Apple Store 100% CB - ₹5,000
3. Salon 100% CB - ₹5K
4. Lakme 100% CB - ₹2,250
5. Shop Small Nov-20 - ₹3K (2 Cards)
6. Shop Small Aug-21 - ₹5K (2 Cards)

Total - ₹80,750
Spends - Approx. 1 Lac

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MR Points:

1. Sign-up + Referral Bonus - 110K
2. Add-On Bonus - 5K
3. Referral - 35K
4. Targetted Spends - 6K
5. Reward Multiplier Offers - ~15K

Spend based MR accumulation not considered

Total - 171K
Approx. Value - ₹1.2 Lac (0.7 / MR)
Spends - Approx. 1.75 Lacs

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Gift Vouchers:

1. Spend Based @amazonIN Voucher - 10K
2. @TajHotels Gift Voucher - 5K (Reason unknown 😁)
3. Taj B'Day Gift Voucher - 10K

Total - 25K
Spends - 1.2 Lacs

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Total Tangible Benefits

1. Cashbacks - ₹80,750
2. MR Points Worth - ₹1.2 Lacs
3. Gift Vouchers - ₹25K

Grand Total - ₹2.25+ Lacs
Overall Spends - 3.95 Lacs

Reward Rate - 57%

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Benefits for my usage basis:

1. Gold Charge Fee Waiver - ₹5,310
2. Amex Lounge Access (Twice) - ₹3K (considering free booze)
3. Taj Dining Benefits - ₹6K
4. @MarriottBonvoy Platinum Status via @HiltonHonors Status Match

Some benefits expected to be utilised in future.