American Express has been expanding the ambit of the card acceptance over time in India. They have started the year 2020 with a bang. After perhaps a successful 2019 with the Amex Insurance Payment offer, American Express has another one on offer for 2020. Here are the details of the Amex Insurance Offer for those payments coming up towards insurance this quarter.
Amex Insurance Offer: 10X Membership Rewards Points
To promote their reach in the insurance segment, there is a new Amex Insurance Offer, offering bonus Membership Rewards points and Intermiles for paying Insurance expenses on their proprietary Credit Cards, Jet Airways co-branded credit card and proprietary Charge Cards between January 17, 2020, and March 31, 2020. Only the following cards, issued in India, are eligible for this offer:
- American Express Platinum Card (10 MR/INR 100)
- American Express Gold Card (10 MR/INR 100)
- American Express Platinum Reserve Credit Card (10 MR/INR 100)
- American Express Platinum Travel Credit Card (Currently Free) (10 MR/INR 100)
- American Express Gold Credit Card / American Express SmartEarn Credit Card (10 MR/INR 100)
- American Express Membership Rewards Credit Card (Currently Free) (10 MR/INR 100)
- Jet Airways American Express Platinum Credit Card (16 InterMiles/INR 100)
The promotion seems to be targetted and wants cardmembers to enrol for the offer before making the payment. The interesting part is, Amex does not offer Membership Rewards points for insurance spends since 2014, but they will offer it this quarter. The minimum spend is 100 INR to get the offer. The maximum spends for the cards which earn 10 MR/INR 100 and hence this promotion seems to be capped at INR 50,000. For the InterMiles earning, the maximum InterMiles you can receive with the promotion is 3,000.
Membership Rewards points are being given under this offer and will not earn any regular points. After the offer ends, Cardmembers will stop getting any Membership Rewards Points on Insurance spends. The Bonus Membership Rewards Points will get credited to Cardmember’s account by June 30, 2020.
It is fantastic when you can earn miles for stuff that you are already going to have to do, such as paying insurance. But when you are going to get 10X points to do that, it is all the more reason to do so. Amex is out there to get members to get used to using their cards for more categories this year, and this seems just the start.
Which American Express Card are you going to use this quarter to pay for your insurance?