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Membership Rewards® Credit Card (MRCC), issued by AmEx, offers exclusive benefits and privileges on every spending. The Membership Rewards® Credit Card charges you a joining fee of ₹1,000 and a renewal fee of ₹4,500. The renewal fee can be waived on annual spending of ₹1,50,000 or above. You can get 1 Membership Reward Point/₹50 you spend, excluding fuel transactions, utility bill payments, insurance, and cash transactions. On using your card 4 times on transactions of ₹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.

When you apply through the referral link provided, you can obtain the American Express Membership Rewards Credit Card for the first year with no annual fee (first year free), saving you ₹1,000. Additionally, those who apply through the link will receive a reduced renewal fee of ₹1,500 from the second year onwards instead of the regular fee of ₹4,500.

American Express Membership Rewards Card
(4.4/5)

Joining Fee

₹1,000 + GST

Renewal Fee

₹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

Domestic Lounge Access

N/A

International Lounge Access

N/A

Golf

N/A

Insurance Benefits

N/A

Spend-Based Waiver

Full Annual Fee Waiver on Spends of ₹1,50,000. 50% Waiver on Renewal Fee on Annual Spending Between ₹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%

Interest Rates

3.5% Per Month (Annually 42%)

Fuel Surcharge

0% Fuel Convenience Fee at HPCL Fuel Stations (Transactions Below ₹5,000).

Cash Advance Charges

3.5% of the Amount Withdrawn, Subject to a Minimum of ₹250

  • 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).

Welcome Benefits

The Membership Rewards Credit Card comes with a welcome benefit of 4,000 Bonus Membership Reward Points. This welcome bonus can be availed upon successful payment of the joining fee of ₹1,000 and upon spending ₹15,000 within 90 days of the card activation.

Information related to the welcome benefits will be communicated via SMS or Email to the cardholder’s registered phone number or Email ID.

Spend-Based Milestone Rewards

  • Get 1,000 Bonus Membership Reward Points on completing four transactions of ₹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 ₹20,000 in a calendar month. The cardholder needs to enroll to avail of this benefit. Click here to enroll.
  • 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 ₹4,500 on spending ₹1,50,000 in the previous year. You also get a 50 percent waiver on the renewal fee on annual spending between ₹90,000 and ₹1,49,999 in the previous year.

American Express Membership Rewards Credit Card Rewards

  • Get 1 Membership Reward Point per ₹50 spent.
  • You don’t earn Membership Reward Points on fuel transactions, utility bills, or insurance categories.

Karat Gold Collection – 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-:

  • Taj Voucher Worth ₹9,000
  • Shoppers Stop Voucher Worth ₹7,000
  • Tata Cliq Voucher Worth ₹7,000
  • Myntra Voucher Worth ₹7,000
  • Amazon Voucher Worth ₹6,000
  • Flipkart Voucher Worth ₹6,000
  • Reliance Digital Voucher Worth ₹6,000

Under 24 Karat Gold Collection/ 24,000 points, you can redeem your Membership reward points accrued through either of the following mentioned-:

  • Taj Voucher Worth ₹14,000
  • Shoppers Stop Voucher Worth ₹10,000
  • Tata Cliq Voucher Worth ₹9,000
  • Tanishq Voucher Worth ₹9,000
  • Amazon Voucher Worth ₹8,000
  • Flipkart Voucher Worth ₹8,000
  • Reliance Digital Voucher Worth ₹8,000

Other Benefits

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

Membership Rewards® AmEx Credit Card

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 ₹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 ₹1,50,000 in the preceding year. It is a highly rewarding card providing a decent reward rate and 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 ₹50 you spend, excluding fuel transactions, utility bill payments, insurance, and cash transactions.
1 Membership Reward point = ₹0.33 in case of statement cash redemption under 18 Karat Gold Collection. 1 Membership Reward point = ₹0.37 in case of statement cash redemption under 24 Karat Gold Collection.
You get charged with a renewal of ₹4,500 plus applicable taxes.
You get 5,000 Membership Reward Points on paying the 1st-year renewal fee of ₹4,500. The Membership Reward Point will be reflected 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 ₹1,00,000. However, you do get a 50% renewal fee waiver on spending ₹1,00,000.
American Express Membership Rewards Card

American Express Membership Rewards® Credit Card

(4.4/5)

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