Most of us are eager to know when American Express will start accepting new applications again. Meanwhile, they are continuing to offer various rewards to current cardmembers. The latest offer is specifically for American Express Platinum Travel and Reserve Credit Cardholders. By converting spends of ₹50,000 or more into EMIs, you can receive a Drakensberg Gift Box worth ₹5,000. This gift box will include a MAX Keyholder and a Luca Luggage Tag. Additionally, cardholders would also be eligible for a processing fee waiver up to ₹1,750.
Offer Eligibility – 7 May to 30 June 2025
Offer Terms
- EMI must be opted for using the online link only.
- One gift box per card account, even if multiple EMI conversions are made.
- Offer not valid on gold/jewelry transactions.
- Supplementary card transactions are eligible if converted using the online link.
- The gift box will be sent within 120 days after the offer end date to the cardmember’s registered address.
Check Complete Details Here.
Is the Drakensberg Gift Box Worth It?
| Interest (₹50,000 @ 16% for 3 Months) | ₹1,339.22 |
| Processing Fee (Waived Later) | ₹1,000 |
| GST on Processing Fee (Not Waived) | ₹180 |
| Fee Waiver | -₹1,000 |
| Net Cost to You | ₹1,339 + ₹180 = ₹1,519 |
Drakensberg Gift Box: ₹5,000
Effective Net Benefit: ₹5,000 – ₹1,519 = ₹3,481
Bottom Line
This offer is not particularly noteworthy and should only be considered by those who are already looking to convert their transactions into EMIs. The gift box offered is not very appealing, and the interest rate for EMI conversion is quite high. It is advisable for anyone interested in this offer to stick with a three-month EMI plan, or to avoid it altogether. Nevertheless, it is encouraging to see that American Express is still trying to remain relevant, even after pausing new applications.
2 comments
Basa
The fee waiver is 1750 mentioned in the first para but where is in the calculation it was 1000 how would be both are not same? The GST is excluded and still have confusion. Please let me know. Thanks.
Kartik Kanwar
Processing fee up to 1,750. But for 50,000 conversion it comes 1,000. 2% charge.