Amex Offer: Get 3X Rewards on your Paytm wallet recharge

By | March 5, 2020

While most banks discourage wallet loads from credit cards, here is American Express wanting you to recharge your Paytm wallet and give you extra points on that. While I couldn’t understand why Amex does this, here are the offer details:

Amex Paytm Offer Details

  • Offer: Recharge your Paytm wallet for ₹10,000 or more with your American Express Card and earn 3X Membership Rewards® Points.
  • Offer Period: March 5, 2020 to March 31, 2020
  • Offer Type: Targeted, only those received the communication are eligible.
  • Max Bonus Points: 1,000 Bonus Membership Rewards (Equivalent to ~Rs.500)
  • The offer is only valid on Paytm wallet recharges & not valid for transactions done on Paytm to pay a merchant or buy a product or to pay bills for services.
  • Fulfilment: April 30, 2020
  • Offer T&C

To maximize the offer, you need to spend Rs.25,000 so you get 500 MR Points (regular )+ 1000 MR points (bonus) = 1500 MR Points in total.

For Gold cards, Good news is: Cardmember can spend a total of Rs.10,000 or more in one or more transactions on Paytm for wallet recharge, so you can grab the 1K monthly bonus rewards too.


While the offer is good, Paytm also added charges recently for a/c’s adding more than 10K a month. So I went ahead and tried to add 11K to a/c but it wasn’t charging me anything extra. Maybe Paytm revoke this again or some accounts are sparred? or maybe they charge after adding funds to a/c?!

That aside, as long as you receive this offer and as long as Paytm doesn’t charge you extra, its a great offer to avail as Paytm is more like real cash which can be used almost for everything like: fuel, online & offline spends.

Have you received this offer? Feel free to share your thoughts in the comments below.

Author: Siddharth

A Credit Card addict, minting reward points & air miles for years. Obsessed with aviation, airport lounges and luxury hotels. Helping Indians choose a right credit card and enjoy luxury travel at affordable cost.

51 thoughts on “Amex Offer: Get 3X Rewards on your Paytm wallet recharge

  1. Vipul Aggarwal

    I tried to add me more than 10k in February, and pop up message came stating you are crossing 10 k limit and you will be charged 2%. PAYTM

  2. Amar

    Can more than 1 account be loaded? Don’t wanna risk above 10k on 1 account.

    1. Rahil

      PayTm has now brought in restrictions whereby you may not be able to add more than 10K through separate accounts as well. Don’t know about others, but I’d received a pop-up message last month stating that adding money beyond 10K through a single credit card [even through different accounts] cannot exceed 10K in a month. So all in all, this offer may not be worth it if you have to pay 2% to add money to your PayTm wallet in excess of 10K in a month.

      1. VIJAY

        If you are going to redeem these 1000 points as a part of 24K carat points redemption, you are still gaining a bit from it!!

  3. Gautam

    This can be done in one or more transactions.
    Not necessary 10k in single transaction as mentioned in T&C

  4. Gautam

    Charges on loading beyond Rs.10k is only for CAT B of users. CAT A continues to enjoy free wallet loads. I have been able to load Rs. 30k without any charges recently.

    For more details one can refer paytm website.

      1. Venkat

        Looks like they reverted to the old Classic/Privilege customer. Not mentioned, but I guess if you don’t withdraw money from wallet to bank, they will likely not continue to charge you…

      2. Abhishek Roy

        He is talking about Premium vs Classic Customers. Classic customers are charged 2% for any wallet load via credit cards. Whereas Premium Customers can reload any amount with credit card without any charges.

        1. prateek

          I’ve never got this 2% thingy. That is until now. Funny but it is not coming on trying smaller amounts, but only on larger amounts.

          The link does not mention of any such T&C based on amount

  5. Prashant Gupta

    i got the offer on Gold credit card which i have never used :-).

    1. Siddharth Post author

      So you can grab extra 1K monthly bonus points too.

      1. Prashant Gupta


        its a normal base level credit card which they issued just to retain my account, not Gold Charge card.

          1. MAA-traveler

            Many get confused. Amex has the following “gold” cards: Gold Charge Card, MRCC and a Gold Credit Card.

    2. Gaurav Gupta

      Prashant gupta, can you share the link to enroll the offer. If anyone enrol thRogh link, he gets the benefit.

  6. Surya

    Holding Amex Travel Card for 4 years, never received spend based offers. Though Amex is great on customer service, but not giving spend based offers to everyone makes them look bad. Amex should really focus on this area to expand in India.

    1. swapneil

      Yes. Same for me. No spend based offers for me on hdfc Regalia/ amex travel / citibank prestige / stan chartered ultimate / tata sbi .
      In 4 years i got spend based offer only on indusind platinum

      Unsure how they pick the client for these spend based offers

  7. Aanal Shah

    Conditions :

    Cardmember to spend a total of Rs.10,000 or more in one or more transactions on Paytm for wallet
    recharge during the Offer period via their American Express Card (including the spend on their
    Supplementary Card(s)) and get 3X Membership Rewards® Points. Cardmember will earn 3
    Membership Rewards® Points for every Rs.50 spent only when they spend a total of Rs. 10,000 or
    more in Paytm wallet recharge during the offer period.

  8. kartheek T

    Can we not add just 10 K exactly in one transaction in 1 registered PAYTM account for the Month and get the benefit ?

  9. Praveen Perumalla

    It is better to load with StanC Ultimate which gives a better return than this offer.

    1. Himanshu Kainth


      Not everyone has ultimate card moreover redemption options are too limited on ultimate. I think it is better offer when we compare all things not just reward rate.

  10. Diners Man

    Isn’t StanC ultimate better in terms of rewards on wallet loading ?
    I thought it was 3.3%
    Amex is 3% only

  11. gala

    Getting below error, inspite of KYC done — anybody else facing the same issue?
    “You can add up to Rs. 10,000 per month using Credit Card in your wallet. To continue, please use UPI or Debit Card payment option”

      1. Harissssssssss

        I tried Today and it was successful in one shot.
        Alert: You’ve spent INR 10,000.00 on your AMEX card **XXXXX at PAYTM COM WA on 07/03/2020 at 01:05PM IST. Please call 18004190691 if this was not made by you.

    1. Anirban Sen

      I faced the same issue and contacted their customer service on phone late night. I was quite surprised that they actually knew there was some issue. They fixed something and I had to logout/login and try from the phone app.
      At the juncture, the extra Rs. 200 (2%) popped up and I thought the deal wasn’t worth it.
      I am heading towards using more of AmazonPay using my ICICI Card.

  12. Prashant Gupta

    Sc ultimate is best for wallet load and reward redemption options are not that bad.

    1. Naresh kumar

      Yes, these cheap offers will come and go but stanc ultimate is the daddy of wallet loading cards. The biggest advantage is that they count transantions in 30 multiples and give 1 reward point for transactions which don’t complete to rs 30. Ex: rs 16 transaction also gives 1 reward point.
      Stanc ultimate and dcb/infinia is the best combo anyone can have.

  13. Anirban

    What I understood is in total it should be minimum 10K during the offer period. So it may not be 10K wallet recharge at one go but you can break it up in smaller denominations as well. Am i correct?

  14. Sumit

    first min wallet load should be more than 10k ( break amount any within offer period is included), Max amount one can load in Paytm using a Cradit card is 10k for max. Customers. There is a trick that if you have supplementary card you can use that card for wallet load to other Paytm account.

  15. Shiva

    >>To maximize the offer, you need to spend Rs.25,000 so you get 500 MR Points (regular )+ 1000 MR points (bonus) = 1500 MR Points in total.

    How this is possible?
    We get 3x points for spending on paytm, which includes regular points also.

    Does it works only selected types???

  16. Vineet

    Can someone please make a list of credit cards which gives points on wallet loading besides Stan Chartered Ultimate. I know citibank, Hdfc and Amex don’t. (Though Amex does count the spends for bonus points offer). What about AXIS bank Magnus card?

  17. Abhi

    Aside of the ongoing topic, have a different concern here. On my MRCC card, I do 4 transactions of >=1000 in a calendar month to get 1000 bonus reward pts. This month I did two transactions on 1Mar and two on 7Mar. In Feb I separately did four. The ones on 1Mar I did after 1am early morning. Now Amex statement is showing those as 29Feb instead of 1Mar, so its counting them as 6 transactions in Feb and 2 in March rather than 4 and 4. I ll end up having to do two extra transactions now..

    1. Gautam

      It happened with me as well in January. But don’t worry the actual statement generated at the end of monthly billing cycle will contain the correct date. You anyway have proof in the form of PAYTM statement/bill payment receipt that you can show, if need be.

      1. Abhi

        They agreed to manually add the monthly bonus points and count those 2 transactions as 1Mar.
        Point to be noted: do your transactions only after 7am on 1st of the month, else it ll get counted as last date of prev month.
        I had done at 1am on 1Mar so it was taken as 29Feb.

        1. Prateek

          I got it from 5th March to 31st March.

          1st to 5th March not counted

  18. Amex Guy

    There was a 3X offer from 6-8th March for Women’s Day on any spend. Did not receive any communication but I got the bonus points.

    1. SH

      That was only for Plat Charge. I saw it in the app. It was for all domestic tx between 6th and 8th. Personally I did not use it as I am pursuing the targetted spend offer of 4.5 lac, and the same card also has the 3X paytm load offer.

    2. Rakesh

      Yes…I too recieved 2x women’s day bonus points along with regular pts.. though there was no communication !

  19. Arkopravo Maity

    can the offer be available on doing 5+4+ 1k transaction?
    if yes then 1k will collect 2% ie rs 20
    Then it is somewhat ok else offer is not good.

  20. Saumya Chaturvedi

    Can I recahrge my spouse’s paytm wallet with my amex card to get 3x point benefit as I have already crossed 10k for my account?

  21. Aryan Kohli

    Hi Sid, This one is off topic but important!!
    Check out this message which I just got from ICICI.
    They have devaluated almost all the benefits of the card expect some top end cards.

    “ Effective 15-Apr-20,BookMyShow, Inox & airport lounge programme applicable on your ICICI Bank Coral Credit Card will be revised.Visit .T&C apply”

  22. Sumair

    For people who have not received the offer email, all you need to do is to get in touch with the Custermer care and ask them if this offer is valid on your card or not.
    I also did not receive the email to date but when I asked the Amex team they confirmed that the offer was valid on my Amex platinum travel card and that No enrolment was required.
    So for all those who are unhappy because they dint get the email, you still have a chance.

  23. Ani

    Hi Siddharth one question which is not related to the topic. My AMEX platinum charge card renewal is April. What’s your thoughts on this by looking at the uncertainty in India … is it worth to pay 70k? Do they offer any waivers? What’s your observation

    1. Siddharth Post author

      Given that you won’t be able to travel next 3-6 months, you can’t get much value from it. Ask Amex reg. the same and see what they could offer.

    2. Varun

      Ask them for the 50 percent fee waiver or else cancel the card. They should be able to acknowledge fee waiver.


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