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Amex Gold Collection: Introduction of Taj Vouchers, Devaluation for Amazon Vouchers & Statement Credit

Pranav Pranav Follow Jan 28, 2020 · 3 mins read · 0 comments
Amex Gold Collection: Introduction of Taj Vouchers, Devaluation for Amazon Vouchers & Statement Credit

American Express (Amex) is refreshing the 18 Karat and 24 Karat Gold Collection starting 1 February 2020. With this change, Amex has introduced Taj Vouchers as a redemption option under 18K and 24K Gold Collection. Along with this, it has also devalued the Membership Reward Points for redemption against Amazon voucher and Statement Credit.

What is American Express (Amex) Gold Collection?
Gold Collection is a special reward catalog for certain American Express cards like Amex Gold Card and Amex Membership Rewards Credit Card which enable redemption of 18,000 and 24,000 Membership Reward Points for higher value. These options include statement credit, Amazon vouchers, travel vouchers, Tanishq vouchers etc. These options almost double the value of Amex Membership Reward Points and hence are very popular among the card holders.

Let’s look into the new changes announced by American Express in detail.

Amex Gold Collection

Amex Gold Collection comes in two flavors: 18 Karat and 24 Karat.

American Express Gold Collection New Options

18 Karat Gold Collection

18 Karat Gold Collection allows you to redeem 18,000 Membership Reward Points for various redemption options. Below table lists the various redemptions options and their old & new value.

Redemption Option Old Value New Value
Statement Credit Rs. 7,500 Rs. 6,000
Amazon Rs. 8,000 Rs. 7,000
Tanishq Rs. 7,500 N/A
Amex Domestic Travel Voucher N/A Rs. 7,000
Taj Voucher N/A Rs. 9,000

24 Karat Gold Collection

24 Karat Gold Collection allows you to redeem 24,000 Membership Reward Points for various redemption options. Below table lists the various redemptions options and their old & new value.

Redemption Option Old Value New Value
Statement Credit Rs. 10,000 Rs. 9,000
Amex Domestic Travel Voucher Rs. 11,000 N/A
Tanishq N/A Rs. 10,000
Bose Sound Link Color II Bluetooth Speakers Rs. 11,500 N/A
Taj Voucher N/A Rs. 14,000

Bottomline

Introduction of Taj Vouchers is a fantastic move by Amex and it will please those who like Taj properties. Redemption of reward points for Taj Vouchers fetches a value of Rs. 0.58 per Membership Reward Point which is quite amazing. However it’s also evident that Amex doesn’t want you to redeem reward points for statement credits and Amazon vouchers. The value if reward points in case of Amazon voucher plummets to Rs. 0.38 per Membership Reward Point which is 34% depreciation compared to Taj Vouchers.

Note that these changes go in effect from 1 February 2020 and hence you have 3 days to redeem reward points at the current rate. I just redeemed my reward points for Amazon vouchers and the vouchers were emailed to me instantly.

What do you think of the changes to American Express Gold Collection? Are you going to redeem the reward points before the changes kick in? Let me know by leaving a quick comment below.

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Pranav
Written by Pranav Follow
Hi, I am Pranav! I love to acquire, review and earn reward points/cashback from Credit Cards. Guiding people about benefits and optimal utilization of credit cards for years.
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