American Express Insurance Offer: Earn up to 10,000 Points on Insurance Spends

American Express Insurance Offer: Earn up to 10,000 Points on Insurance Spends

American Express has reintroduced its insurance offer on credit cards, marking the third time since September 2021. The offer, which is valid from December 22, 2022, to March 31, 2023, allows cardholders to earn 5 Membership Rewards Points per Rs. 100 on insurance spends. This is a slight devaluation compared to the previous offer, which offered 10 MRPs. However, the maximum number of bonus Membership Rewards that can be earned remains at 10,000. Cardholders must register for the offer to be eligible for the additional points. The offer is subject to certain terms and conditions, which can be found on American Express's official offer T&C page.

For those who received a communication regarding the offer, it is important to register as soon as possible to ensure that insurance spending is considered eligible for the bonus membership rewards. The offer is applicable only to cardmembers who received a formal intimation from AmEx and does not apply to American Express corporate credit cards. Spends made without enrollment will not be eligible for reward points. The bonus Membership Rewards Points earned under the offer will be credited by July 31, 2023.

Typically, credit card users do not earn reward points or cashback on insurance premiums. However, American Express is offering cardholders the opportunity to earn up to 10,000 Membership Rewards Points on insurance spends made with eligible AmEx credit cards during the offer period. This is a limited-time offer valid from December 22, 2022, to March 31, 2023.

In September 2021, American Express introduced an insurance offer for its credit card customers. Under this offer, eligible cardmembers could earn 15 Membership Rewards Points for every Rs. 100 on insurance spends, with a maximum cap of 10,000 Membership Rewards Points. Normally, AmEx credit cardholders do not earn Membership Rewards Points on insurance spends, making this offer a valuable opportunity.

To be eligible for the offer, cardmembers must have one of the following American Express credit cards: American Express Platinum Reserve SM Credit Card, American Express Platinum Travel Credit Card, American Express Gold Card, American Express Membership Rewards Credit Card, or American Express SmartEarn Credit Card. The offer is only applicable to select cardmembers who received a formal communication from American Express and does not apply to corporate cards issued by AmEx.

It is worth noting that spends on supplementary cards will be accounted for under the primary card and will count against the maximum cap of 10,000 Membership Rewards Points. Transactions processed through aggregators such as Paytm, PayU, and Paypal will not earn any Membership Rewards Points. The points earned under the offer will be credited to the cardholder's account by March 20, 2022.

American Express's insurance offer is a unique opportunity for cardholders to earn rewards on insurance spends, which is not commonly available with most credit cards. By promoting insurance premium payments through credit cards, AmEx aims to encourage cardholders to utilize their credit cards for insurance spends. This offer, along with other promotions such as the Shop Small offer and Spends based offer, demonstrates American Express's efforts to retain its existing customer base. Download the Credwise app to stay updated on the latest deals tailored to your cards.

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