American Express Membership Rewards® Credit Card

American Express Membership Rewards Credit Card Features & Benefits

Welcome Benefits:

Membership Rewards Credit Card comes with a welcome benefit offering 4000 Bonus Membership Reward Points. This welcome bonus can be availed on successful payment of the joining fee of Rs 1000 and on spending Rs. 15,000 within 90 days of the card activation. The information related to the welcome benefits will be communicated via SMS or Email at your registered phone number or Email ID.

Monthly Milestone Rewards:

• Get 1,000 Bonus Membership Reward Points on completing four transactions of Rs 1,500 or more on your American Express Membership Rewards credit card in a calendar month.
• You get spend-based 1,000 Membership Reward Points on spending Rs 20,000 in a calendar month. The cardholder needs to enrol in order to avail this benefit.
• Membership Reward Points accumulated using your credit card shall be assigned to the cardholder within 30 days after the completion of the calendar month.
• The Membership Reward Points accumulated under the spend-based monthly milestone benefit can not be redeemed against statement cash.
• Spend-Based Renewal Fee Waiver
• You get a spend-based waiver on a renewal fee of Rs 4,500 on spending Rs 1,50,000 in the previous year. You also get a 50 per cent waiver on the renewal fee on annual spending between Rs 90,000 and 1,49,999 in the previous year.

Fuel Surcharge Waiver:

• 1% fuel surcharge waiver applicable at all HPCL fuel stations on fuel transactions up to Rs 5,000.
• A 1% fuel surcharge is applicable at BPCL and IOCL fuel stations on fuel transactions subject to a minimum value of Rs 10.
• A 2.5% fuel surcharge is applicable on your fuel transactions at all other fuel stations.

Other Benefits:

• You get 5,000 Membership Reward Points on paying the 1st-year renewal fee of Rs 4,500. The Membership Reward Point will be reflected in the cardholder account within 90 days of the renewal.
• Get special dining discounts up to 20% off using your American Express Reward credit card at select restaurants.
• You get liability protection assurance such as zero lost card assurance, 24×7 card assistance, emergency card replacement, and dispute resolution.

American Express Membership Rewards Credit Card Rewards

• Get 1 Membership Reward Point per Rs. 50 spent.
• You don’t earn any Membership rewards on fuel transactions, utility bills, and insurance categories.

Reward Points Redemption

At the AmEx reward redemption portal, the membership rewards are redeemable against various products and categories, including travel, shopping, and many more. The reward points you earn under the AmEx 18 & 24 gold collection can be redeemed as follows:

• Under 18 Karat Gold Collection/18,000 points, you can simply redeem your Membership reward points accrued through either of the following mentioned-:
• E-Gift Voucher from TAJ worth Rs 9,000/-
• E-Voucher from Amazon worth Rs 7,000/-
• Statement cash of Rs 6,000/-
• Under 24 Karat Gold Collection/ 24,000 points, you can redeem your Membership reward points accrued through either of the following mentioned-:
• E-Gift Voucher from TAJ worth Rs 14,000/-
• E-Voucher from Tanishq worth Rs 10,000/-
• Statement cash of Rs 9,000/-

American Express Membership Rewards Credit Card Eligibility

The following conditions should be met for successful application of an American Express Membership Rewards Credit Card-

• 18 years or older,
• Annual income of Rs. 6 Lakh or more (for both salaried and self-employed),
• In the case of self-employed individuals, the company has to be trading for the past 12 months,
• Permanent residence in India,
• A good credit score is also needed.

American Express Membership Rewards Credit Card Review

American Express Membership Rewards credit card is no doubt a great card to begin your credit card journey or for anyone looking to get a basic credit card. This credit card comes with a nominal joining fee but charges a high renewal fee from its customers, but you also get a renewal fee waiver option on an annual spend of Rs 1,50,000 in the preceding year. It is a highly rewarding card providing a decent reward rate along with exciting benefits and privileges to its customers. Avid shoppers or frequent travellers should opt for high-end cards offered by American Express.

What are your views on this credit card? Do write to us in the comments.