January 2020 was pretty mild as I did not make any major purchases, hence earning reward points was limited. However I did manage to score a couple of small but good ones.

Get rewarded for Insurance purchases

I did!!! American Express is running a campaign for Insurance payments where you get 10 points per Rs.100 spent on Insurance payments. I did not have any insurances to pay for the month. Know what I did?

Checked with my friends and relatives if anyone had to pay theirs? I found someone who needed to. I ended up making 500 points off it.

Small savings make a big difference

Here is a screenshot from my Amazon account. Small cashbacks and rewards you collect for your day-to-day expenses, grocery purchases, mobile top-ups will at the end of the year make a big difference.

In 2019 alone, I made over Rs.26,000 from Amazon as cashbacks and rewards. Rs.22,000 in my account, another Rs.4,000 in my wife’s.

My Overall Points, Cashbacks and Rewards

Earning Reward Points & Cashbacks update - January'20

My Cashbacks and Rewards as of January’20:

All of these are in Rupees. I have used the most conservative (well below market) values to convert points and miles to Rupees.

Available Balance – Points, Rewards and cashbacks

Earning Reward Points & Cashbacks update - January'20

Redeemed Cashbacks and Rewards as of January’20:

This is as much a Passive Income as any other area. Think about it, if not for the cashbacks and points I used up, I would have spent actual cash. Thanks to the rewards and cashbacks, I could save actual cash and still buy day to day products.

Earning Reward Points & Cashbacks update - January'20

All updates for the month of December’19:

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Earning Reward Points & Cashbacks update - January'20

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