American Express credit cards are known for their lucrative features and also for the benefits they offer. The Bank has launched credit cards for entry-level users and some premium credit cards for those looking forward to living a lavish life. Every Amex Credit Card offers their benefits in such a way that makes other credit cards look dull. But there’s one more reason why American Express cards are so popular, the reason is American Express Membership Rewards. The Amex Membership Rewards (MR) are offered with every American Express credit card. Cardholders earn these Points for every transaction they do with their Amex Credit Card. The Amex MR program is one of the major reward points programs in the world, and thereby offers many ways for cardholders to redeem them.
The Amex Membership Reward Points earned can be redeemed in many ways. So, if you are planning to get an Amex Credit card or already hold one, and want to know everything about the Amex Membership Reward program, then this article has been made for you. Keep reading to know more about the program.
Amex Membership Rewards – How to earn
American Express cards offer reward points for every transaction that you incur with them. Be it for international spending, fuel, utilities, insurance, or accelerated Reward Points for purchases with the partner merchants. When it comes to earning Amex Reward Points, there are plenty of ways that you must know. Following are the ways by which you can earn Amex RPs:
With Welcome Benefits
Most of the American Express credit cards come with lucrative welcome offers, where you can earn gift vouchers, hotel vouchers, and also spend-based reward points offer. For example, with the American Express Platinum Card, you get a choice between 1,00,000 bonus Membership Rewards Points or stay vouchers from Taj, SeleQtions, and Vivanta Hotels worth Rs. 45,000 on spending Rs. 50,000 or more in the first 2 months of the card activation. This way you can earn reward points as a welcome offer and use them in flexible ways. Following are the Amex Credit cards offering reward points as a welcome benefit:
|Credit Card||Welcome Offer|
|American Express Platinum Card||1,00,000 Membership Rewards Points or Taj, SeleQtions, and Vivanta Hotels’ vouchers worth Rs. 45,000.|
|American Express Platinum Reserve Credit Card||11,000 bonus Membership Rewards Points on the realization of the joining fee, subject to a minimum expenditure of Rs. 30,000 within 90 days of card issuance.|
|American Express Gold Card||4,000 Membership Rewards Points|
|American Express Platinum Travel Card||10,000 American Express Membership Rewards Points on spending at least Rs. 5,000 in the first 2 months of the issuance of the card.|
|American Express Membership Rewards Card||4,000 Bonus Membership Reward Points on payment of joining fee and spending Rs. 15,000 within the first 90 days of the card issuance.|
With Reward Rate
With the Amex Credit cards, you can earn reward points for every purchase you make. The reward rate differs with every card. Also, the transaction type or the category for which you get the rewards points also differs For example, with the American Express Platinum Card, you earn 1 Membership Rewards Point for every Rs. 40 spent, 3X Membership Rewards Points on all international spends and a reward point for transactions such as fuel, etc.
How to Redeem Amex Membership Rewards?
American Express offers flexible ways for cardholders to redeem the Reward Points earned via the American Express Membership Rewards portal. There are tons of options for the cardholders to redeem the reward points, redeeming for gift cards, paying with points, against card charges, flight tickets, etc. One more way for redeeming the reward points is through the transfer program. With this, you can transfer or convert the reward points for travel partners’ points. These options are available on the Amex Rewards portal and can be used online. Following are the details regarding each of the redemption options available:
The Amex Reward Points can be redeemed for several e-vouchers of different brands. These vouchers are available in every other category, be it apparel, beauty, electronics, entertainment, jewelry, travel, and much more. The cardholders have tons of options to choose from. There are many brands like FabIndia, Starbucks, Uber, Allen Solly, Amazon, BigBasket, Decathlon, Dominos, and much more.
For Covering Card Charges
With this, you can use your Reward points against your credit card outstanding statement. The points would be credited to the account and will be used against the card’s balance. A minimum of 1,000 points are required for using them against the card charges.
For Flight Bookings
Under this, cardholders can redeem reward points for flight tickets, car rentals, hotels or resorts, etc. Simply log in to your Amex account, check out the flights as per your needs and use the points at the time of booking. Your membership reward points will be deducted from your account. Note that you need to use a minimum of 1,000 points for a transaction.
For Paying with Points
With these options, cardholders can redeem the Amex reward points for purchases made at select merchant partners online. On American Express SafeKey, you can use the reward points for purchases made at merchants mentioned on the website. There are many categories of merchants for which you can use your reward points like retail, travel, dining, services, and entertainment. Currently, the conversion rate is Rs. 250 on using a minimum of 1,000 Amex membership reward points. You can use your points for several merchants available on the website such as Air India, Ajio, Apple, Hotstar, Jio, MakeMyTrip, Swiggy, Taj Hotels, Udemy, and Zomato, and many more.
For Transferring Points
The Amex Membership Reward points can be transferred to Hotel and Airline Partners. Simply select the partner that you want to transfer your points to and the points will be reflected on the partner’s portal. The following table summarizes the conversion rate and the Airline Partners available:
|Asia Miles||800 Points = 400 Asia Miles|
|Club Vistara||900 Points = 300 Club Vistara Points|
|Emirates Skywards||800 Points = 400 400 Emirates Skywards Miles|
|Etihad Guest||1,600 Points =800 Etihad Guest Miles|
|Qatar Privilege Club||500 Points = 250 Avios|
|Singapore KrisFlyer||800 Points = 400 KrisFlyer Miles|
|Virgin Atlantic Flying Club||800 Points = 400 Virgin Points|
|Hilton Honors||1,000 Points = 900 Hilton Honors Points|
|Marriott Bonvoy||100 Points = 100 Marriott Bonvoy Points|
|PAYBACK||1 Point = 1 PAYBACK Point|
How To Check Amex Membership Rewards?
You can check your membership point balance on the American Express App by just visiting the ‘Membership’ tab. You can also check the balance on American Express Online services by simply logging in to your account. For a detailed report, follow the steps given below:
– Login to your American Express account.
– Go to the Membership Rewards Page.
– Click on the Points Summary tab.
– Under the tab, you will find My Points, click on it.
– Every detail related to your points will be visible on the screen.
How to Convert Amex Membership Rewards to Cash?
You cannot just convert your Membership reward points into cash, however, you have to facility to use the points to cover the card’s statement charges. This has been explained in detail above. With this feature, you can use your points for a statement credit, which also works as a cashback option.
Key Things You Must Know
- The Amex Membership Rewards points have no expiration date. Therefore, they are valid for a lifetime and can be used anytime by the cardholder.
- The Rewards points usually take around 72 hours to reflect on your Amex account. You can use them and redeem them for the above-mentioned ways once they are successfully added to the account.
The American Express Membership Rewards offers the best way for a cardholder to use the points in a significant way. They offer flexibility and also great ways to redeem them. Every Amex credit card offers reward points for transactions done with the, also as mentioned above there are many other ways you can earn Amex Reward points like with welcome benefits. However, you must use the reward points in a certain way to get the maximum value in return. Therefore, always use your points directly on the Amex MR portal. Also, you can transfer the points to partner airlines or hotels to get the best offer.