American Express is on a spree of making changes to their cards. We first reported the changes on the Platinum Travel Card, and now there is another important change coming up on the Amex Gold Charge Card.
Back in the day, American Express used to offer 1000 Membership Rewards for 4 transactions of INR 250 per month. In 2013, they changed the policy and offered the same rewards but raised the amount per spend to INR 1000 per transaction.
Amex will also offer a new option to pay 12000 Membership Reward points to pay for a statement credit of INR 5,175 which is the full fee of the Amex Gold Card.
Err, I don’t think I like what I see. Essentially American Express is devaluing the MR proposition by asking for more to be able to earn the same number of points.
What are your reactions to the changes coming up to the MR earning on the Amex Gold Charge Card?