American Express has just launched a new promotion, where they are offering five times the usual Membership Rewards on travel booked via MakeMyTrip, as long as you go to MakeMyTrip via the Rewards Multiplier portal.
The American Express Reward Multiplier is primarily a shopping portal that allows you to earn more reward points when you pass through the portal to your desired shopping site. The points on offer differ per card variant.
The portal excludes all Corporate Cards and Cobrand Cards from earning more points. American Express allows you to make up to 25,000 bonus Membership Rewards points per month with the Reward Multiplier.
How does the American Express Rewards Multiplier Work?
Before you shop, you need to click through the link from the Reward Multiplier website, which takes you to a screen like this.
American Express offering up to 5X MR on MMT Bookings
As a part of a new promotion rolled out to celebrate the festivals, international and domestic flight bookings made via MakeMyTrip, as well as hotel bookings, are going to receive up to five times the usual Membership Rewards on your credit/charge cards with American Express.
Basically, you will get the Multiplier as per the following points multiplier:
- American Express Platinum Card: 5X Points (1X Basic/INR 40 + 4X Bonus)
- American Express Platinum Reserve Credit Card: 3X Points (1X Basic/INR 50 + 2X Bonus)
- American Express Platinum Travel Credit Card: 3X Points (1X Basic/INR 50 + 2X Bonus)
- American Express Gold Card: 5X Points (1X Basic/INR 50 + 4X Bonus)
- American Express Membership Rewards Credit Card: 2X Points (1X Basic/INR 50 + 1X Bonus)
- American Express SmartEarn Credit Card and all other Cards issued by American Express: 2X Points (1X Basic/INR 50 + 1X Bonus)
The additional Membership Rewards points will be credited within 120 days from the date of availing the service. Additionally, the T&C state that The card member will be eligible for reward points only if the purchases are made through Reward Multiplier and not directly on the merchant website. This leaves out the opportunity to use the app altogether.
This is a pretty lucrative offer if you believe in the power of Membership Rewards points as I do. Cardmembers of the American Express Gold Charge Card, American Express Platinum Card and other such cards get 5X points, which is a direct response to the new challenger Axis Bank, and the usual suspect HDFC Bank. If it works, maybe they make it a permanent offer. Let’s hope.
What do you think of the new Reward Multiplier promotion from American Express?
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Hope this is also applicable to my biz account