American Express has launched a new promotion, offering their Cardmembers an opportunity to earn Membership Rewards points and vouchers on top of that, subject to minimum spending. We wrote about the American Express Reward Multiplier in detail here.
The American Express Reward Multiplier is 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.
- 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 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.
Reward Multiplier Special Promotion offering bonus vouchers on top of bonus Membership Rewards Points
American Express is offering bonus vouchers on top of the bonus Membership Rewards points on all cards offering the Reward Multiplier feature for orders placed between May 9 – May 18, 2023. This is a significant hike for the lower-end American Express Cards for sure.
During this promotional period, Reward Multiplier offers of 10X Membership Rewards points on the Black Card, 5X Membership Rewards points on American Express Platinum Card and American Express Gold Card, 3X Membership Rewards points on American Express Platinum Reserve Credit Card and American Express Platinum Travel Credit Card, and 2X Membership Rewards points on other American Express Proprietary Cards will be applicable.
Here are the slabs of the offer under which you will get rewards, along with the options available for vouchers when the offer is fulfilled.
As you can see, the return on spending is pretty good for a bonus:
- Black and Platinum: 6.66% – 8%
- Other Properitory Cards: 5% – 6.66%
Qualifying purchases include all the brands listed on the Rewards Multiplier:
- Nykaa Fashion
- MakeMyTrip Flights
- MakeMyTrip Hotels
- Etihad Airways
- Steve Madden
- Marks & Spencer
- Jack & Jones
- The Label Life
- Vera Moda
- Heads Up For Tails
- Kama Ayurveda
- Forest Essentials
- Bombay Shaving Company
- Faces Canada
- Skill Share
- The Moms Company
The e-vouchers purchased via Rewards Multiplier will not be included towards the computation of the limits where vouchers will be sent out. Fulfilment will be done by October 31, 2023.
American Express is offering additional vouchers, up to INR 12,000, for those who spend on their American Express cards between May 9 and May 18, 2023, through their Rewards Multiplier Portal. You additionally earn bonus points depending on your card as well.
What do you think of the new Reward Multiplier promotion from American Express?
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Is it for all members or selected few who got the email communication?
@Shubham, for all members.