American Express Membership Rewards Credit Card

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.

Bonus 2,000 MR Points Each Month

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.

Cardholders can also earn an additional 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.

American Express MRCC Regular Reward Rate

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

Cardholders can even earn 2X Membership Rewards Points for spending made with the AmEx Rewards Multiplier.

Karat Gold Collection – Reward Points Redemption

At the American Express reward redemption portal, membership rewards can be redeemed against a variety of products and categories, including travel, shopping, and 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 redeem your Membership Rewards points for the following-

• 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 the 24 Karat Gold Collection/24,000 points, you can redeem your Membership Rewards points for the following-

• 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

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

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 last year.

Other Benefits

• You get 5,000 Membership Reward Points on paying the 1st-year renewal fee of ₹4,500. The Membership Reward Points will be reflected in the cardholder’s 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.

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 undoubtedly an excellent option for starting your credit card journey. Veterans or beginners can both take advantage of this card and easily earn more than 24,000 MR Points each year.

This credit card has a nominal joining fee but charges a high renewal fee. However, customers can opt for a renewal fee waiver if they meet an annual spend of ₹1,50,000 in the preceding year. It is an advantageous card offering a decent reward rate, along with exciting benefits and privileges for its customers.

Those who want to maximize their MR Points earnings with American Express should definitely check out the American Express Trifecta, which includes MRCC, Gold Charge, and Platinum Travel. This combination of three cards is most suited for those with high spending.

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