Amex adds new 18K and 24K Gold Collection Redemption Options

Amex New 18K and 24K Gold Collection Redemption Options

American Express is still under an RBI ban from issuing new cards. But, that means they will have to work harder to keep existing customers with offers. The latest in line is a revision of the Gold Collection redemption options. Amex has now added new gift vouchers for the 18K and 24K Gold Collection redemptions. Here are the details:

New 18K Gold Collection Redemption Options

The 18K collection now gets Flipkart, Croma, Myntra, Shoppers Stop, and Big Basket e-vouchers as redemption options.

LTF IndusInd Bank Credit Cards
E-VoucherValueMR Point Value
AmazonRs 700039 paise
FlipkartRs 700039 paise
CromaRs 700039 paise
MyntraRs 800044 paise
Shoppers StopRs 800044 paise
Big BasketRs 800044 paise
TajRs 900050 paise

New 24K Gold Collection Redemption Options

24K Gold Collection also gets the above redemption options with one change. Myntra and Big Basket get replaced by Vistara and Tanishq e-vouchers.

E-VoucherValueMR Point Value
AmazonRs 900038 paise
FlipkartRs 900038 paise
CromaRs 900038 paise
TanishqRs 1000046 paise
Shoppers StopRs 1100046 paise
VistaraRs 1100046 paise
TajRs 1400058 paise

Statement Credit Option going away from 03-May-2022

While the new Gold Collection looks good, the statement credit option is going away from 03-May-2022. So, if you prefer statement credit then do a redemption option before that date.

Final Thoughts

The new Gold Collection options definitely make the redemptions more lucrative. The redemption option with the best value continues to be Taj GV.

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The removal of the statement credit option is not that bad as we used to get better value with other options. So, it is not going to have much of an impact. Amex MRCC and Gold Charge cards continue to have a great return rate with many more redemption options.

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