Amex Offer: Get 100% Cashback upto Rs.18,000 on Amex Platinum

By | May 28, 2020
Amex 100% cashback Offer
Amex 100% cashback Offer

As you might know, American Express India already has one of the lucrative Double rewards offer for Platinum charge card holders. Now, along with that here’s yet another amazing offer for the plat charge cards: 100% cashback on select spends, upto Rs.18,000.

That’s a massive offer and the T&C is simple and straight forward as usual from Amex. Here are the offer details:

Amex 100% Cashback Offer Details

  • Offer: Get 100% Cashback on select spends
  • Max. Cashback: Rs.18,000
  • Eligible Spend Types (online): flipkart.com, bigbasket.com, ethoswatches.com, and zomato.com
  • Eligible Spend Types (app): Flipkart, bigbasket, and Zomato
  • Eligible Spend Types (in-store): Ethos Watch Boutiques, Home Centre, Lifestyle, Max, SPAR, and Splash.
  • Offer Valid for: All Plat Charge Card holders
  • Offer Period: 28 May 2020 to 27 August 2020
  • InEligible spends: Spends done on supplementary cards will not aggregate towards cash back
  • How to opt-in for offer: Save offer to card on Amex Account
  • Fulfilment: 5 Days usually (but might take upto 90 days, rarely)

That’s certainly a wonderful offer at the right time. Do login to your Amex online a/c and add the offer to your card

Its definitely a kind of offer that the world has never ever seen 😀

Amex Centurion offer

Centurion too has got the same offer, and the max. cap is Rs.35K instead of 17K. That’s a good number, but for the Centurion fee, its actually too low.

What about Other Amex Cards?

Just like what they did previously, I’m expecting other cards too to get a similar offer but most likely a trimmed down version of it. Let’s wait and see.

Amex Plat Renewal

While the offer may look very aggressive from Amex, basically they’re just trying to stop the metal cardholders from cancelling them, as Amex had spent HUGE in past 1yr or so in promoting them, as you might have seen big banners across airports.

So if you were thinking whether to cancel Amex plat charge or not, this offer might help you decide.

Ideally most of them will KEEP, the reason being out of Rs.70K you spend on the renewal fee, you get 18K here and stand a chance to get about 80K points (2 readers have reported so) on renewal if you have done good spends on it.

So the value of these are as good as ~60K, so why would anyone cancel the card?! Most of the loyal Amex users wont cancel.

Moreover, you may see yet another offer after Aug 2020, perhaps the Diwali season will get closer and so the game will go on. Overall a great strategy!

Will it be HDFC 10X replacement?

On other side, we’ve got rumours that the most famous 10X program from HDFC is about to end on some spend types. It may become 5X or so – the new 10X program T&C for June 2020 is here but yet to go officially live.

Will this happen or will they revoke like they did last time? We got to wait!

So anyway, to all American Express Plat Charge card holders, have fun 🙂

Important Updates:

  1. You can avail 2X points (double rewards) along with 100% cashback. So you can double dip.
  2. Supp. Cards are excluded from the promo

Thanks everyone for sharing the offer details.

Author: Siddharth

I love credit cards, enjoy travelling for free using reward points & airmiles. Obsessed with business class cabins, airport lounges and luxury hotels.

72 thoughts on “Amex Offer: Get 100% Cashback upto Rs.18,000 on Amex Platinum

  1. Arjun

    @Siddharth, the tumour about HDFC 10x is real. Please see the smartbuy website.

    Reply
    1. Siddharth Post author

      Ofcourse I see that. But HDFC have the habit of changing minds pretty fast.

      So I wont believe that or plan to write about it until June 3rd or so. Have experienced in the past, like this: HDFC 5X. Hence I say it as “Rumour” 🙂

      Reply
        1. Siddharth Post author

          Let’s hope the Amex offer changes their mind 🙂

          Reply
  2. Amex Guy

    Imp fine print to not miss — Spends done on supplementary cards will not aggregate towards cash back. This is something Plats take for granted during spend based offers. Not this one.

    Reply
    1. Siddharth Post author

      Oops. Thanks for sharing. Updated the page.

      This probably answers why the offer is not showing up on my Supp. Card login. I thought they will push the offer later.

      I never read Amex T&C in details as I trust them. Now they kind of loosing it 😐

      Reply
  3. Prashant Gupta

    That will be bad devaluation. Glad that atleast i upgraded ome of my DCB to infinia. But still the cap is too less now for DCB especially when it is paid now. I hope they dont devalue the points as most of us are now sitting on heaps of points, no option to redeem on travel for atleast 6-8 months for most of us.

    Reply
  4. Puru

    I am trying to search for a link with TNC. Can anyone share? For both Platinum and Centurion?

    Reply
    1. Amex Guy

      Unlike other Amex offers, there was no T&C link in the email. The terms are written at the bottom of the email itself. Check your email.

      Reply
    2. Bhairav

      Log in to your Amex account, you should see the offer down below with T&C

      Reply
  5. Vipul Aggarwal

    I think even after devaluation, Infinia is still on the best in the world. I am just wondering Amex offer is also valid for Platinum Travel card or its just for Charge card?

    Reply
  6. Neo

    Amex is putting the competiton to dust i feel. No promos by Citi, Axis, HDFC & SBI ( atleast for me ). Hdfc infact considering devaluation of diners black really smacks of cheap opportunism. But i wont put it past them to actually do something like this.
    This latest promo by Amex is good. Wish they would extend the 2x too..

    Reply
  7. Mohit Joshi

    Hi Sid,

    Thanks for sharing this amazing offer. Any idea if we gift voucher purchases would be included as part of the eligible spends. Thanks

    Reply
    1. Siddharth Post author

      Yes, you do. No restrictions for now. But to be safer, you may call and get the confirmation before doing so.

      Reply
  8. Vipul Aggarwal

    The source page where HDFC smartbuy devaluation information was available has been expired. When you click on the page, it says offer has been expired. You were right Sid we need to wait till last to find out excat smartbuy offers for next month.

    Reply
    1. Siddharth Post author

      The link is back live again.
      So we never know what happens. Let’s wait & see until HDFC updates the other pages.

      Reply
      1. Rahil Shah

        Yes, the link is back live, with more edits [read devaluation] I think. Till yesterday, Regalia and other Diners cards were eligible for 2K cashback per month.

        Now, as per what’s mentioned in the link, it seems only Regalia is eligible for 2K cashback and all other cards, including Diners Privilege, may be eligible for only 1K cashback per month! That would be ridiculous!

        I guess we may have to wait till 1st June for more clarity.

        Reply
        1. Siddharth Post author

          Thanks for spotting the changes. You guys have eagle eyes!

          Reply
  9. deva

    hdfc smart buy link of devaluation says offer expired..hope they extend previous 10x to june too …As Sid,mentioned,it should be a rumour for gods sake

    Reply
  10. Saurabh Shipurkar

    The link of june offfers for hdfc is again saying its expired…. Will it really reduce the benefits of DCB? just upgraded to DCB in 2-3 months bank and because of the situation, not able to really use it the way it should be.

    Any idea, if those were to be reduced, what was the potential impact? At least will be prepared for future allotment of expenses to different cards?

    Reply
    1. Siddharth Post author

      As said, that’s how HDFC always is when it comes to 10X updates. All questions to be answered by 1st week of June.

      Reply
  11. Sarim Iman

    Sid, the platinum card comes with 100k points if you pay the annual fee and manage to spend 80/90k in the first three months. What would be the best way to use these points in order to recoup the high annual fee of 60k + GST? I see that conversion to Amazon or flipkart voucher is less than 25p while statement credit is worth 50p.
    So if I do statement credit plus this 18k redemption, most likely I can recoup the annual fee of the card, right? Can you please confirm my understanding here?

    Reply
    1. Rakesh

      Sarim,
      Now that with double the value for each RP on Platinum, you get 50k cash credit with 100k points. So effective first year fee is 70,800 – 50,000 -18,000 = 2,800 🙂 In addition, we get all the luxury hotel status like MB gold, Hilton gold, Taj Innercircle gold etc !

      Above stands true when we able to redeem points before 20 July 2020 !

      Reply
      1. Sarim Iman

        Ok, thanks for your answer Rakesh. Can you please confirm how quickly amex credits 100k points if both criteria are met? Because 20th July looks awfully close to me to redeem points at 50p. I can manage 90k spend easily in a month, but how soon will they credit the points in my account so that I can quickly redeem it?

        Reply
    2. Rahul Singh

      Yes. Currently it is good time to redeem points on Plat card due to 2x value and Cash back offer. Normally, you can wait and transfer points under special offer like Marriott offer of 1.5 Marriott points a against normal offer of 1 point.

      Reply
    3. Amex Guy

      If that’s your plan to get back the fee, you should probably cancel the card as Amex will give you full fees back if you cancel within 3 months of on boarding or renewal.

      I mean, nobody who values MR at less than Re. 1 should get this card. And nobody who’s struggling (even temporarily) during the pandemic should hold on to this card. Despite Amex marketing folks saying fancy stuff, this is a strictly a card for extremely frequent international travel, with at least some expectation of luxury. If that’s not you, then even if you get back the fee by current statement credit offer, you’re loosing value that Amex Gold card could have provided you. That’s a 10K opportunity cost this year.

      Reply
      1. Sarim

        Wow, THE Amex guy just responded to my question!!
        Bruh, I understand how you feel about MR points redemption at less than rs1. And you are right, I am not frequent intl traveller. I am planning for a europe trip next year and thought with all the tier status which come with it, I might be able to net some neat deals.
        But sorry I didnt get your comments around the Gold card and its 10k opportunity… can you please elaborate here?
        Thanks
        Fan of your work!
        Sarim

        Reply
        1. Amex Guy

          Sarim,

          For your euro trip next year, there are other (cheaper) ways to get a status if that’s all you want. Hilton Gold (for eg) was available until recently with 2 nights if you have a Visa Sig/Inf card (will come back before next year). Hilton Gold is available with Founders Card. Marriott has status challenge which can be completed with domestic travels. A 3 month Marriott status is also available with Founders Card. If you can tell us about what status and what category of hotels you’re looking for, we can better help you optimize. 🙂

          The opportunity cost is this — Amex only allows you to have one charge card. If you get Plat, assuming you earn back all the fee and there is noting going in your pocket (and assuming pandemic forces you to not use other benefits), you are still loosing out on the 10K Amazon vouchers you could have easily earned in 1st year with Gold. You come out ahead 10K richer if you get the Gold.

          It seems to me for once a year international travel you’d be much better served with top end HDFC(Infinia/DCB). Much better value, all the lounges, and no playing miles game which for your travel schedule makes no sense.

          Reply
          1. Akshat

            founders card eventually favors US residents and requires a US address for a lot of their access.

            Don’t think it makes good sense here especially with its prohibitive 595$(discounted 295$ for 2 year commitment) price

      2. ANI

        Excellent comment, my renewal was on April, they given me a temporary statement credit of 70000/- to reach out a fine terms about renewal.

        They had suggested to burn my 2 lac point with double value which I rejected & few other proposal worked but last week we settled it. I have asked for 1.5 lac points for renewing the plat, they agreed for 1.2 lac points, instantly they offered me to convert the 1.2 lac points to value with double offer which makes Rs 60000 / then working out this Flipkart offer 18,000/- so I decided to continue with platinum card, though the card benefits are not so great this year.

        As per their records my last year airport lounge cost was around Rs 48000/- I gained one year 2 lac points , Rs 35000 /- worth travel voucher, 12000 statement credit.

        So it’s logical that I got the value for my initial 70000/- spend! Right now with 1.2 lac points I can esnsure 60000/- and I need to pay only 10000 which I can covert either points or use from flipkart benefits.

        Reply
        1. Siddharth Post author

          Thank you very much for sharing your Plat charge renewal experience. Might help many to know what to expect now.

          Reply
        2. Varun

          Congrats ANI for grabbing 1.2L points on renewal. Can you give us a rough idea of the spends?

          Reply
          1. Ani

            Around 12 lac not more than that . I stopped using the card from
            Nov onwards as I found the promotions and benefits are not up to the mark . I think irrespective of spending now the company intend to retain the customer. So go with full confidence.

        3. Ptap

          Thanks for sharing. I have similar spends as yours and am up for renewal in a week.

          Reply
  12. Varun Rai Kapoor

    Hi – The link has expired now. Can you please let me know details of the devaluation ? There are a couple of days to make Amazon/ voucher purchases in this month.

    Reply
  13. Pranav

    Does anyone know if one pays utility bills (electricity) through Paytm or Amazon Pay, does Amex still give the reward points?

    Reply
    1. Amit Handa

      Yup!, You are right. For utilities i am also not getting any points

      Reply
    2. Bhairav

      No, but wallet loads will give you the 2x points. Use the wallet load to pay your electricity bills.
      Confirmed with a Sales Associate on the phone.

      Reply
  14. Girish Gupta

    You can buy amazon and flipkart vouchers worth 5000 each in smart buy throgh gyftr

    Reply
  15. Borat

    Hi Sid

    Started my credit card journey with the HDFC Moneyback card with a credit limit of 75 k in 2017 upgraded it Diners club miles after 9 months with the same limit in 2018 . Recently before 2 months my credit limit was increased to 1.5 lcs . Quick question I received my first credit card without any income proof till date since i hold a savings account from the past 6 years. What are my options to upgrade to higher variant card if possible ? I do not have a source income in India because I’m based abroad would that prevent me to upgrade to a higher variant card like DCB ?
    PS : I hardly use my credit card & even when i do it’s usually 5 – 10 % of credit limit & have a CIBIL score of 830 + consistently since 2 years .
    Cheers

    Reply
      1. Borat

        Was aware of this option but wouldn’t prefer to go ahead with FD. Any other suggestions ?

        Reply
        1. Akshat

          You can go for card on card basis.

          Think DCB requires 4Lac free limit on another card

          Reply
  16. Ritesh

    Amex is offering 20K vouchers on renewal right now. Not sure about the points though. Also the Pay with Points have 2x value and the 18k cashback offer makes it good to renew.

    Reply
    1. AK

      What vouchers are they offering on renewal? My card is up for renewal next month

      Reply
    2. ANI

      I got 1.2 lac points. Don’t opt for 20k Taj voucher which is not useful. Instead demand for points. You can ask for 1.5 lac points which have value of 65K but they will settle @ 1.2 as 60k is the fee and rest is tax component. They are very friendly and they understand the situation and determined to retain the customers, always appreciate the person who handle your renewal matters and ask about their health etc… I found people matters and you appreciate them & they will workout a proposal. Lot of lay off plans are in the back ground, staffs are stressed out , once you appreciate them it gives value to their job and they ensure that they close your matter with an extra way…. in my case it happened ….

      Reply
      1. SH

        Hi ANI, Thanks got the input. Did you call them after your statement with annual fee was raised, or before it?

        Reply
        1. Siddharth Post author

          It appears to be after, as he got 70k temporary credit, likely added to cover the levied fee.

          Reply
        2. Ani

          I opened the conversation one month before as usual they informe sme to reach them once the annual fee generated so productive discussion started after Bill generated & it took 2 months to settle. .

          Reply
      2. MT

        Your approximate spend on the card was in 6figures or 7figures ?

        Reply
  17. Mohit Joshi

    Hi Sid, I got my 18k cashback within a day of purchasing 20k Flipkart vouchers. Amex rocks!! Thanks again Sid for sharing this wonderful offer or I would have missed it in the midst of keeping up with other deliverables.

    Reply
    1. Shri

      Hello Mohit, i’m looking to make purchase of giftcard as well using Amex. Can you confirm if this is as simple as buying Gift Cards under ‘Payments’ section on flipkart.com?

      I’m planning to buy TV worth 30k and intention is to use HDFC card for 1500 discount on 15k spend and other 15k from giftcard balance bought via Amex.

      Reply
  18. Puneet Aggarwal

    Hello Everyone,
    Got 18000 as cashback the very next day of my purchase. Also received bonus points to cover my renewal fees
    So virtually my plat charge card is free for this year (Thanks to Amex)

    Reply
  19. Abhi

    Are you guys getting cashback for Flipkart purchases even if the seller is a third party, such as mobile phone sellers on flipkart? One of the terms is “Transactions made through a third party establishment or payment processor are not eligible.”
    Im getting a mobile phone on flipkart sold by another seller but is Flipkart Assured. Do you think Amex will process cashback?

    Reply
    1. MT

      if you buy from flipkart.com , it comes as flipkart.com on your statement , you will get cashback

      Reply
    2. Neo

      Havent faced any issues on any txn of Flipkart. This has been the best offer till date on Amex in my opinion.

      Reply
  20. AAJ

    Any chance new applicants get this offer too? Looking to upgrade from Plat Travel, do they agree to transfer rewards?

    Reply
    1. Siddharth Post author

      New Applicants don’t get this 18K benefit. Not sure of rewards transfer from plat travel, as its diff. type. Do check with support.

      Reply
    2. MT

      so you looking for 18k cashback benefit by paying 70.8k in fees ? bad proposition if you are not looking to use travel benefits of the card

      Reply
      1. Siddharth Post author

        Well, he might be hoping for 50K+18K=68K 🙂

        Reply
        1. AAJ

          Of course 😉, plus transferred points if allowed from Plat Travel and Rewards (duo offer rewards free with PlatTravel currently)

          Reply
          1. Neo

            AAJ, Plat Travel rewards dont transfer ( in Amex parlance FTO & GTO). if you are looking to get the 18k cashback, then you wont realize the full value of this card in my opinion.

  21. MT

    Plat travel they will transfer , rewards they will not probably bcoz its a different category of points

    Reply
  22. AAJ

    Agree Neo, what to do with vouchers now anyway, so was thinking to make this attempt as Vistara like Sid told are getting waste (BizCls vouchers 🙁 )
    MT earlier I got PlatTravel to Gold Charge some time back, was hoping this time too 😉

    Reply
  23. Chethan

    I received email mentioning 15% off on visitara flight until March 2021 on business and premium economy . this offer for both domestic as well as international.

    Reply
  24. Chethan

    Now offer on paying utility bills

    Earn 5 Bonus Membership Rewards® Points
    on every ₹100 you spend on utilities.
    Maximum Bonus Membership Rewards® Points up to 5,000 in a month*.

    Reply
  25. Pranay Nigotiya

    Hi Sid, the cashBack of 18k can be used in 1 go on Flipkart right ? I plan to buy a laptop in the range of 50k approx.
    Also will this cashBack will be credited if I take no interest emi option on Amex plat card ?

    Reply
    1. Sujit Kumar Hota

      18k cashback can be taken in one go or in multiple. EMI is not available for any charge card

      Reply

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