1 day ago
American Express Reward Multiplier Ends September 29, 2026
American Express is ending a shopping rewards program called Reward Multiplier.
Cardholders used the American Express website to reach certain participating stores.
Those stores paid American Express a fee for sending customers to them.
American Express shared some of that value by giving customers extra Membership Rewards points.
Eligible purchases could earn up to five times the points on Platinum cards and up to 10 times on Centurion cards.
The final qualifying transactions must be fully completed by 11:59 p.m.
on September 29, 2026.
Starting a purchase before that time is not enough if it is completed later.
Regular Membership Rewards points and existing balances will continue, and ShopWise will offer points through e-vouchers from more than 200 brands.
American Express will discontinue its Reward Multiplier program effective September 30, 2026.
Eligible Platinum, Gold, and Membership Rewards cardholders used the program to earn bonus points through participating brands.
Purchases had to be completed by 11:59 p.m. on September 29, 2026, to qualify under the existing program.
Participating brands included Apple, Forest Essentials, Nykaa, MakeMyTrip, Tanishq, and Myntra.
The standard Membership Rewards program, earn rates, and existing point balances will remain unchanged.
- Who
- American Express and cardholders using Platinum, Gold, and Membership Rewards cards.
- What
- American Express is discontinuing its Reward Multiplier program while keeping the broader Membership Rewards program active.
- Where
- Through the American Express portal and participating merchant websites; ShopWise will provide an alternative platform.
- When
- Reward Multiplier ends effective September 30, 2026; qualifying transactions must be completed by 11:59 p.m. on September 29, 2026.
- Why
- The article does not state why American Express is discontinuing Reward Multiplier.
Key facts
- Program end date
- September 30, 2026
- Final qualifying deadline
- 11:59 p.m. on September 29, 2026
- Affected users
- Platinum, Gold, and Membership Rewards cardholders
- Maximum stated rewards
- Up to 5X points on Platinum cards and 10X points on Centurion cards
- Participating brands
- Apple, Forest Essentials, Nykaa, MakeMyTrip, Tanishq, and Myntra
- Replacement option
- ShopWise, an independent platform offering e-vouchers from more than 200 shopping, dining, and travel brands
- Unaffected benefits
- Standard Membership Rewards earn rates and existing point balances
Quotes
American Express Banking
American Express Banking, communicating the programme change to cardmembers
“Effective 30 September 2026, the Reward Multiplier program will be discontinued. While accelerated Membership Rewards points on purchases made with select brands will no longer be available, you can continue to earn 5X Membership Rewards points on eligible purchases through ShopWise, an independent platform offering e-Vouchers from 200+ brands across shopping, dining, and travel.”
businesstoday.in
Sources
Related news
American Express Ends Reward Multiplier in India September 2026
Axis Bank hikes DCC markup to 3.5%, raises late fees
Axis Bank Cards Offer Travel Discounts on MakeMyTrip Long Weekends
MakeMyTrip, Axis Bank offer travel discounts through March 2027
Axis, Kotak and IndusInd Revise Card and Banking Charges
Nykaa Profit Surges as Analyst Urges Caution After Rally
New-Age Indian Stocks Rally, But Analysts See Uneven Upside
CLSA Favors Eternal, DMart and Nykaa Among Consumer Stocks
