I got this email today saying “Effective 1 February 2025, a 0.75% convenience fee + GST will be charged on the purchase of Amazon Pay and Amazon Shopping gift vouchers via our e-voucher platform on Reward Multiplier.”
Yeah you got the right news my friend and there goes my use of AMEX card which i have for this sole purpose.
For explaining you the Math →
If you buy ₹10k worth of Amazon Pay vouchers;
You’ll be paying ₹88.5 more to earn 200 extra points on MRCC. That’s close to 44% devaluation.
You’ll be paying ₹88.5 more to earn 400 extra points on Platinum Travel. That’s close to 22% devaluation.
You’ll be paying ₹88.5 more to earn 800 extra points on Gold. That’s close to 11% devaluation.
And I am assuming that 1MR = 1Re