Deathsnatcher If I need to keep only one AMEX in my bucket, it will be AMEX MRCC, advantage would be the gold collection.
Annual Fees Waiver is at 1.5 L,
1500 X 4 = 6000 Rs per Month, would give me 1000 Points implies 12k a year
And a Spend of 20k per month gives another 1000 Points implies another 12k a year
24k would give 14k Taj or 11k Vistara or 9k Flipkart etc.
For reaching 1.5 L annual expense, you will atleast spent 20k for 6 months and 6k every month.
Caveat is go for this card, only if you will spend 1.5L
I would take the FYF Referral offer and decide based on usage for second year.
And If you will spend more, then AMEX Travel Platinum is actually cool, giving 8-10% returns only in travel though. Drawback here is no Annual Fee Waiver.