It seems there is quite some amount of rework happening with the American Express Gold Charge Card offered in India. The card was being offered for free for the first year, and a fee of Rs. 4,500 (plus taxes) from the second year onwards. One of the key benefits of the card was the ability to earn a 1000 Membership Rewards points bonus by just making 4 transactions for Rs. 250 each per month.
However, quite some things seem to have changed now. First, the card does not come free for the first year, but for a fee of Rs. 2,500 (plus taxes).
And secondly, the feature to get 1000 bonus points after 4 uses of the card in a month
seems to have has been changed as well. Now, only purchases beyond Rs 1000 will count towards this bonus (up from Rs. 250).
While there has been no communication to the effect of the second change, I am sure if this is true the card loses its relevance in today’s scenario where you could potentially earn a lot more in terms of points or miles by using another credit card or mode of payment.
Anybody got any more insight on this? Or any official communications from Amex?
Update: Few cardholders have received official communication in this regard from Amex today, and changes will be effective from October 1, 2013
(Hat Tip to RH)
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