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American Express Membership Rewards® Credit Card(MRCC), issued by American Express, offers exclusive benefits and privileges on every spending. The Membership Rewards® Credit Card charges you a joining fee of Rs 1,000 and a renewal fee of Rs 4,500. The renewal fee can be waived off on annual spending of Rs 1,50,000 or above. You can get 1 membership reward point per Rs 50 you spend, excluding fuel transactions, Utility bill payments, insurance, and cash transactions. On using your card 4 times on transactions of Rs 1,500 or more, you get a bonus of 1,000 membership reward points. The Membership Rewards® Credit Card also has several other rewards and benefits, including monthly milestone rewards, fuel surcharge waiver, entertainment, and insurance benefits. Keep reading to know more about this credit card.

American Express Membership Rewards® Credit Card
(4.4/5)

Fees

Joining Fee

Nil

Renewal Fee

Rs 4,500 + GST

Best Suited For

Shopping |

Reward Type

Reward Points

Welcome Benefits

Welcome benefit of 4,000 Bonus Membership RPs can be availed on settling the joining fee of Rs. 1,000 and spending of Rs 15,000 within the first 90 days of the card issuance.

Movie & Dining

Get special dining discounts up to 20% off using your American Express Reward credit card at select restaurants

Rewards Rate

1 membership reward point per Rs 50 spent excluding fuel transactions, Utility bill payments, insurance, and cash transactions

Reward Redemption

You can redeem the membership reward points accrued with American Express 18 and 24 Karat Gold Collection

Travel

N/A

Golf

N/A

Domestic Lounge Access

N/A

International Lounge Access

N/A

Insurance Benefits

N/A

Zero Liability Protection

You get liability protection assurance such as zero lost card assurance, 24×7 card assistance, emergency card replacement, Dispute resolution

Spend Based Waiver

A spend-based waiver on a renewal fee of Rs 4,500 on annual spending of Rs 1,50,000. Get 50 percent waiver on the renewal fee on annual spending between Rs 90,000 to 1,49,999

Rewards Redemption Fee

Rs 250 per redemption request

Rewards Redemption Fee

Rs 250 per redemption request

Foreign Currency Markup

3.5% on the conversion amount

Interest Rates

3.5% per month

Fuel Surcharge

You get 0%waiver on fuel convenience fee at HPCL fuel stations on fuel transactions below Rs 5,000. You get a 1% waiver on the fuel convenience fee at all fuel stations across India.

Cash Advance Charges

2.5% of the amount withdrawn subject to a minimum amount of Rs 250

Add-on Card Fee

Rs 1,500 (plus applicable taxes)

  • 4,000 Bonus Membership Reward Points as a welcome benefit.
  • 1 Membership Reward Point per Rs. 50 spent.
  • 2X Membership Rewards on all spends through Rewards Multiplier portal.
  • 1,000 Membership Reward Points on the spending of Rs 20,000 in a calendar month
  • 5,000 Membership Reward Points on paying the 1st-year renewal fee of Rs 4,500
  • A spend-based waiver on a renewal fee
  • 1% waiver on fuel surcharge at all HPCL fuel stations
  • Get special dining discounts up to 20% off

Pros

  • Membership Reward Points do not expire.
  • There are no reward points earned on transactions made for fuel and utilities.

Cons

  • This card is exclusively available to residents of specific cities (Delhi/NCR, Mumbai, Bangalore, Chennai, Pune, Hyderabad, Jaipur, Indore, Coimbatore, Chandigarh, Ahmedabad, Surat, Vadodara, Lucknow, Ludhiana, Nagpur, Nasik, Trivandrum and Mysuru).

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 enroll in order to avail of 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 percent waiver on the renewal fee on annual spending between Rs 90,000 and 1,49,999 in the previous year.

Fuel Surcharge Waiver

  • A 1% fuel surcharge waiver is 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 of 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 the 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 travelers 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.

FAQs:

No, you can not earn membership reward points on fuel transactions. You earn up to 1 membership reward point per Rs 50 you spend excluding fuel transactions, Utility bill payments, insurance, and cash transactions
1 Memebership Reward point = Rs 0.33 in case of statement cash redemption under 18 Karat Gold Collection1 Memebership Reward point = Rs 0.37 in case of statement cash redemption under 24 Karat Gold Collection
You get charged with a renewal of Rs 4,500 plus applicable taxes.
You get 5,000 Membership Reward Points on paying the 1st-year renewal fee of Rs 4,500. The Membership Reward Point will reflect in the cardholder account within 90 days of the renewal
No, you do not get a 100% renewal fee waiver on an annual spending of Rs 1,00,000. However, you do get a 50% renewal fee waiver on spending Rs 1,00,000.
American Express Membership Rewards® Credit Card

American Express Membership Rewards® Credit Card

(4.4/5)

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