How to maximize Amex rewards?

[Jammy]

India has uneven acceptance of Amex cards, and UPI is very popular. Is it really worth looking for transfer partners? Are the point benefits of a premium card worth the hassle of needing a backup Visa for local shopping?

[Reema]

In the 2026 Indian market, the debate between Amex and UPI focuses on practical use rather than just acceptance. UPI handles more than 20 billion transactions every month. Scanning a QR code is easy, making it great for many people.

The challenges faced by Amex increase its appeal. Although platforms like MobiKwik have stopped allowing Amex wallet loads as of March 2026, Amex has responded by strengthening its luxury partnerships. For example, they offer Taj renewal vouchers worth ₹35,000 and a 1:1 points-to-miles transfer, features that UPI doesn’t provide.