Telekom Bill: Earn Points with AMEX & PAYBACK

Quick answer: 3 ways to earn points on Telekom bills: (1) pay the bill directly with AMEX = automatically earn MR, (2) buy Telekom MultiGuthaben on Amazon (max €50/month mobile, €60 landline), (3) Wunschgutschein triple dip for triple points earning. Important: Amazon gift balance does NOT work for gift cards like MultiGuthaben.

With the right strategy, you automatically earn AMEX Membership Rewards and PAYBACK points on every Telekom bill - at no extra cost.

This guide shows you all the options - with worked examples and concrete step-by-step instructions.

What is Telekom MultiGuthaben?

Telekom MultiGuthaben is a prepaid balance card that lets you:

• Reduce your mobile bills by up to €50 per month
• Reduce your landline bills by up to €60 per month
• Pay for other services (prepaid balance, HotSpot Pass, Videoload)

The special part: You don’t have to be a Telekom customer yourself. You can also reduce the bill of friends or family.

Where do you buy MultiGuthaben?

• Telekom Shops (physical)
• Amazon (online, fast delivery)
• REWE Kartenwelt (online)
• Avernis (online, official partner)
• eBay (from third-party sellers)

Option 1: Pay with AMEX & earn points

Strategy: Use your AMEX card & earn MR

How it works:

1. Buy Telekom MultiGuthaben with your AMEX card (Amazon, REWE Kartenwelt, Avernis)
2. Pay normally with the card
3. Automatically earn Membership Rewards points

Points rate depending on the card:

• AMEX Platinum (Business/Personal): 1 MR point per €1 spent
• AMEX Gold (Business/Personal): 1 MR point per €1 spent
• AMEX Blue/Green: 0.5 MR points per €1 spent

Example calculation:

• Buy €50 MultiGuthaben with Platinum
• → 50 MR points earned
• → Every month = 600 MR points/year
• → After 2 years = 1,200 points (enough for a short-haul flight)

Advantage: You’re paying the bill anyway - why not earn points while you’re at it?

Bonus: Earn PAYBACK points when buying MultiGuthaben

For even more points:

When you buy MultiGuthaben on Amazon, you can earn additional PAYBACK points - Amazon is a PAYBACK partner. Activate the coupon in the PAYBACK app beforehand.

Example:

• Buy €50 MultiGuthaben on Amazon with AMEX = 50 MR points
• PAYBACK coupon for Amazon activated = ~25 PAYBACK points
• Total: 50 MR + 25 PAYBACK points for €50 of Telekom credit!

Important: You cannot pay for MultiGuthaben on Amazon with Amazon gift balance. Amazon does not allow voucher payment for gift cards and prepaid codes. Pay directly with your AMEX card.

Use your AMEX card for the monthly Telekom bill

Even better: Pay your ongoing Telekom contract directly with AMEX via direct debit or bank transfer.

Advantages:

• Automatic points earning every month
• No extra hassle with MultiGuthaben
• At €50/month = 600 MR points/year automatically

Important: Check whether Telekom accepts AMEX direct debit (many mobile carriers do).

Option 2: Use a Miles & More card for Telekom

Important: The same applies here - EARN, don’t spend!

Pay the Telekom bill with an M&M credit card

If you have a Miles & More credit card, use it for the Telekom bill:

Points rate:

• M&M Gold: 1 mile per €2 spent (except at partners)
• M&M Blue: 1 mile per €2 spent

Example calculation:

• Buy €50 MultiGuthaben with M&M Gold
• → 25 Miles & More miles earned
• → Every month = 300 miles/year
• → Combined with flights and other spending

Advantage: Earn miles for Business Class flights (don’t spend them on Telekom vouchers!)

Do NOT redeem miles for Telekom vouchers!

Why not:

• Poor value: about 1 cent/mile
• On flights: 3-6 cents/mile (3-6x more value!)
• Only possible in shops (cumbersome)

Only in exceptional cases when miles are about to expire - but with a M&M credit card (even the affordable Blue from €5.50/month) this is no problem: Every card transaction counts as activity!

Option 3: PAYBACK points on new Telekom contracts

Important: You CANNOT earn PAYBACK points on ongoing Telekom bills. PAYBACK points are only available with:

• New landline contracts (one-time at contract signing)
• New mobile contracts (one-time at contract signing)
• Prepaid cards (at purchase)

The points are credited once at contract signing, not monthly.

Bonus tip: When you buy MultiGuthaben on Amazon, activate the PAYBACK coupon for Amazon in the app beforehand - that way you earn additional PAYBACK points! Pay directly with AMEX (not with Amazon balance, which doesn’t work for gift cards).

More on this: PAYBACK points: 11 tips

Comparison: What’s worth it most?

Method	Cost	Earn points?	Worth it?
Use AMEX card	€0 (normal payment)	✅ 50-600 MR/year	✅✅ Best strategy!
AMEX + PAYBACK coupon	€0 (normal payment)	✅ MR + PAYBACK	✅✅ Earn double!
Use M&M card	€0 (normal payment)	✅ 25-300 miles/year	✅ Combines well
PAYBACK at purchase	€0	✅ Bonus points	✅ Always grab it!

The right strategy: Earn, don’t spend!

Earning AMEX points:

• ✅ ALWAYS pay with your AMEX card - earn on every purchase
• ✅ Telekom bill with AMEX = automatically earn points
• ✅ Activate the PAYBACK Amazon coupon = earn additional PAYBACK

Goal: Earn points for Business Class flights (2-4 cents/point value)

Earning Miles & More miles (do NOT spend on Telekom):

• ✅ Pay the Telekom bill with an M&M credit card = earn miles
• ✅ Save miles for flights (5-6 cents/mile value)
• ❌ Don’t redeem them for Telekom vouchers (only 1 cent/mile)
• ⚠️ With a M&M credit card, miles never expire (card transaction = activity)

Why earn points for flights (instead of spending on Telekom)?

The value of AMEX points and Miles & More miles is 3-6x higher on flight bookings than on Telekom vouchers.

AMEX example:

• Business Class Frankfurt → New York
• Cost: 100,000 points (after transfer to partner)
• Market value of the ticket: €2,000
• Value: 2 cents per point

Miles & More example:

• Business Class Frankfurt → Singapore
• Cost: 87,000 miles + €300 taxes
• Market value of the ticket: €3,500
• Value: 3.7 cents per mile (instead of 1 cent with a Telekom voucher)

More on this: Booking Business Class with miles

Practical worked example

Scenario: Your monthly Telekom bill is €50.

Strategy A: Simply pay with AMEX (recommended)

Per year:

• 12x €50 = €600 in Telekom costs
• Pay with AMEX Platinum = 600 MR points earned
• Value of the points on a flight booking: 600 × 2 cents = €12 equivalent value

After 5 years: 3,000 MR points = enough for an Economy flight within Europe!

Strategy B: AMEX + PAYBACK Amazon coupon (pro level)

Per year:

• Buy 12x €50 MultiGuthaben on Amazon with AMEX = 600 MR points
• PAYBACK Amazon coupon activated = ~300 PAYBACK points
• Total: 600 MR + 300 PAYBACK = €12 + €3 = €15 equivalent value!

Strategy C: Save up for Business Class (best option)

Instead of “paying” the Telekom bill, save the points:

• After 3 years with the AMEX Platinum Business (200,000 bonus + 1,800 earned) = enough for Business Class to Asia
• Market value: €2,500 flight instead of a €45 Telekom discount
• Difference: €2,455 more value!

Step-by-step: Buy MultiGuthaben with AMEX & earn points

1. Buy MultiGuthaben

1. Go to Amazon or REWE Kartenwelt
2. Choose the amount (€10, €25, €50)
3. Pay with your AMEX card
4. Receive the PIN by email (or a code card by mail with Amazon)

Important: You pay completely normally with the AMEX card and automatically earn MR points along the way!

2. Redeem MultiGuthaben

1. Go to telekom.de/multi-guthaben
2. Scan the QR code or enter the 16-digit PIN
3. Choose: landline or mobile
4. Enter the phone number
5. Confirm

Done! The credit is applied on the next or the one-after-next monthly bill.

Here’s how the credit looks on your Telekom bill:

The €50 credit is listed as a separate line item “Gutschriften” (Credits) under “Leistungen Telekom Deutschland GmbH” and reduces your bill amount accordingly.

Result: Telekom bill reduced + MR points earned!

Step-by-step: MultiGuthaben on Amazon with AMEX + PAYBACK

For maximum point yield on the Amazon purchase:

1. Activate the PAYBACK Amazon coupon

1. Open the PAYBACK app
2. Search for Amazon coupons (often 2x or 3x points)
3. Activate the coupon before the purchase

2. Buy MultiGuthaben on Amazon

1. Go to Amazon Telekom MultiGuthaben
2. Add Telekom MultiGuthaben to the cart
3. Pay directly with your AMEX card (not with Amazon balance - that doesn’t work for gift cards!)
4. Earn AMEX MR points + PAYBACK points at the same time

3. Redeem MultiGuthaben

As described above at telekom.de/multi-guthaben

Result: AMEX MR points + PAYBACK points earned!

Frequently Asked Questions (FAQ)

What’s the best way to buy Telekom MultiGuthaben?

Easiest online via Amazon or REWE Kartenwelt. Pay with your AMEX card and automatically earn MR points. The code comes by email.

Can I earn points double with PAYBACK and AMEX?

Yes! Buy MultiGuthaben on Amazon directly with your AMEX card and activate the PAYBACK Amazon coupon beforehand. That way you earn AMEX MR points and PAYBACK points at the same time. Important: Amazon gift balance cannot be used for gift cards like MultiGuthaben - always pay directly with AMEX.

How much can I reduce per month with MultiGuthaben?

A maximum of €50 per month for mobile and €60 per month for landline. The credit is applied on the next bill.

Is it worth redeeming Miles & More miles for Telekom vouchers?

Almost never! You only get 1 cent per mile, while on flights it’s 3-6 cents. With a M&M credit card (even the affordable Blue from €5.50/month), miles practically never expire - every card transaction counts as activity.

Common mistakes

1. Not paying with AMEX

Mistake: Paying the Telekom bill with a debit card or bank transfer.

Solution: ALWAYS pay with AMEX = automatically earn points! Every euro counts.

2. Forgetting the PAYBACK Amazon coupon

Mistake: Buying MultiGuthaben on Amazon without activating a PAYBACK coupon.

Solution: Before every Amazon purchase, check in the PAYBACK app whether an Amazon coupon is available. Then you earn additional PAYBACK points!

3. Letting miles expire

Mistake: Letting Miles & More miles expire because of “no travel plans.”

Solution: With a Miles & More credit card (even the affordable Blue from €5.50/month), miles practically never expire - every card transaction counts as activity. If you really don’t want a card: better to redeem for a Telekom voucher (1 cent/mile) than to let them expire (0 cents/mile).

Watch the limitations

Telekom MultiGuthaben:

• Max. €50/month for mobile
• Max. €60/month for landline
• Not available for: MagentaZuhause Regio/Start/Surf/Kabel

AMEX & M&M credit cards:

• Not accepted as a payment method by all mobile carriers
• For buying MultiGuthaben: Always possible (on Amazon, REWE, etc.)

Conclusion

PAYING Telekom bills with AMEX (not redeeming points!) is the right strategy.

The most important points:

• ✅ ALWAYS pay with your AMEX card = automatically earn points
• ✅ PAYBACK Amazon coupon = earn additional PAYBACK points
• ✅ Save points for flights = 2-4x more value

Best practice:

1. Pay the Telekom bill with the AMEX Platinum Business
2. Earn 600 MR points/year
3. After 3 years with the welcome bonus: book Business Class to Asia!

The goal is to EARN, not to spend!

Want to get the maximum value out of your points?

• Redeeming AMEX points: The ultimate guide
• Miles & More vs AMEX: What’s the difference?
• Credit cards with a welcome bonus 2026

No AMEX MR card yet? The best welcome bonuses:

• AMEX Platinum Business* - 200,000 MR (enough for a Business Class flight to Asia)
• AMEX Gold Personal* - 50,000 MR (perfect for getting started)

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Telekom bills are an entry point into redeeming points. For significantly more value (€2,000+ Business Class flights), check out the Premium Handbook - with strategies for 500,000+ points per year.