Amex Paytm Wallet Load Cashback Offer

Long gone are the days, when at the beginning of the month I would load my Paytm wallet (Rs 1500, 4 times to get the bonus 1000MR) and then use it for all my transactions. This offer is a bit nostalgic. The offer was sent via email for my MRCC card, but not for my Smart Earn card.


The offer

  • 3% cash back on Paytm wallet load upto Rs 300.

The terms

  • Applicable on minimum wallet loads of Rs 5000.

  • Offer validity is between 2nd to 9th November, 2021

  • Only applicable once per user

  • Cashback will be credited within 45 days


I remember distinctly, Paytm was charging me 3.65% as charges for loading my wallet with Amex MRCC credit card. Under this offer that rate has been reduced to less than 3% (inclusive of taxes). It shows as 2.65% for my account.


How to maximize the offer?

You can do one recharge of Rs 10000 to get

Offer Cash Back

Rs 300

200MR

worth Rs 74 as per 24K Gold statement credit

Paytm credit card charges

-Rs 265

Total

Rs 9 profit

This seems like a missable deal. However, if you hold MRCC you could consider this as

  • 1out of 4 monthly transaction which are required to get the bonus 1000 MR

  • You need to only spend more Rs 10000 to breach the Rs 20000 limit to get another 1000MR.

This gives you an additional 4.5% savings or Rs 450. (check out the calculation here)

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