AND
Spend Rs 4,00,000 in a year to get 40,000 bonus reward points.
To Earn Maximum Possible Points
Out of Rs 4,00,000 total spends, spend as much as possible through Gyftr
This gives you up to an additional 24,000 points as follows:
Basic reward rate of 1 point per Rs 50 spent will give you 8,000 points
Spending via reward multiplier will give you 2X additional, i.e. 16,000 points
You can buy Amazon vouchers from reward multiplier every month, add these vouchers on Amazon and shop or pay for anything where Amazon Pay is accepted
You can use this Amazon Pay balance to pay your insurance premiums too via https://www.amazon.in/hfc/bill/insurance
There are 125+ different online and offline brands to choose from. Get vouchers of brands where you already spend money like Flipkart, Swiggy, Zomato, Uber, Myntra, etc.
I believe at least 80-90% of your online and offline spends can easily be done via reward multiplier
Total Membership Rewards Points & Vouchers earned
2,000 Bonus points for applying via referral link and spending Rs 5,000 in first 90 days. This happens automatically if spends are done as given above
24,000 reward points for spending Rs 4,00,000 via reward multiplier
40,000 bonus reward points for spending Rs 4,00,000 in a membership year
Rs 10,000 Taj Experiences voucher for completing Rs 4,000 spends in a membership year
Total 66,000 reward points + Rs 10,000 Taj Experiences voucher
Pay for any purchase with your points during checkout at value of Rs 0.25 per point. Pay with Points option available on most online and offline stores. 66,000 points will convert to Rs 16,500 in cash.
Check details here: https://global.americanexpress.com/rewards/pay-with-points
Any purchase already made can also be paid for with points at value of Rs 0.25 per point. 66,000 points will convert to Rs 16,500 in cash.
Check details here: https://global.americanexpress.com/rewards/points-for-charges
Convert 66,000 American Express Membership Reward Points to 22,000 Club Vistara Miles (Free registration on Club Vistara website required) and use them to book a return trip for two passengers (4 tickets in total) on most Vistara city pairs. Value of this return trip ranges from Rs 18,000 - 26,000.
Check details here: https://global.americanexpress.com/rewards/transfer
Convert 66,000 American Express Membership Reward Points to 66,000 Marriott Bonvoy Points (Free registration on Marriott Bonvoy website required) and get:
a 4-6 night stay at several premium Marriott properties across India. Depending on the property, the value of this 4-6 night stay can be between Rs 25,000-50,000.
a 2-3 night stay at several luxury Marriott properties across India. Depending on the property, the value of this 2-3 night stay can be between Rs 40,000-70,000.
Check details here: https://global.americanexpress.com/rewards/transfer
From time to time, transfer bonuses are offered from American Express to Marriott Bonvoy (these are communicated over email). During these offer periods, you can get upto 85,800 Marriott Convoy Points which can be used for more stays. You can even host a full 2-night party for your family and friends on any occasion at some of the best Marriott properties. Value will range from Rs 70,000-90,000.
Convert 66,000 American Express Membership Reward Points to Taj stay vouchers worth Rs 33,000 and use a them along with the additional 10,000 Taj voucher for a stay worth Rs 43,000 at Taj Hotels.
Check details here: https://global.americanexpress.com/rewards/gift-cards
* Please note that these URLs will show correct information only when you have an American Express login which you can create once you have an American Express card.
**These are the options that you have. You can pick one or a combination of these but remember you only have 66,000 points total so if you redeem 6,000 for a purchase worth Rs 1,500, you’ll only have 60,000 now to convert to Marriott Bonvoy or Club Vistara or Taj vouchers.