12 Feb 2024
Amex MRCC
MRCC milestone benefit reduced — ₹5K voucher → ₹2.5K voucher on ₹6L annual spend
Amex India announced reduction of the MRCC milestone bonus from ₹5,000 voucher to ₹2,500 voucher for hitting ₹6L of annual spend, effective March 2024. The change effectively raised the "spend per ₹ of perk" by ~100%, eroding the card's headline value proposition for moderate spenders.
Our take: MRCC was Amex's entry-level India card; this change weakened it relative to HDFC Millennia which offers comparable rewards without the lower-acceptance Amex network friction.