American Express Membership Rewards® Credit Card

American Express Membership Rewards credit card is a feature-loaded card that largely focuses on offering reward points. Users can earn 1 reward per Rs. 50, along with bonus rewards on activation, renewal, and both monthly and yearly milestone completion. However, unlike the conventional rewards redemption, this card offers redemption against multibrand vouchers under its 18 Karat and 24 Karat Gold collection. The card largely targets the mid-range customer segment and comes at a slightly higher annual fee of Rs. 4,500 but a low joining fee of Rs. 1,000. Read on to know more.

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Key Highlights of American Express Membership Rewards® Credit Card

Best Suited for	Rewards & Shopping
Joining Fee	Rs. 1,000 + Applicable Taxes
Annual/ Renewal Fee	Rs. 4,500 + Applicable Taxes (Waived off if total spends on American Express Credit Card in the immediately preceding membership year is Rs.1,50,000)
Minimum Income Requirement	Rs. 6 Lakh p.a.
Welcome Benefit	4,000 Membership Rewards Points on the payment of joining fee and on spending Rs. 15,000 in the first 90 days of cardmembership
Best Feature	1 Membership Rewards Point for every Rs. 50 spent except for selected categories
Renewal Benefit	100% renewal fee waiver on spending Rs. 1.50 Lakh and above in the immediately preceding membership year
Milestone Benefit	1,000 Membership Rewards Points on spending Rs. 20,000 in a month*
Paisabazaar’s Rating	★★★  (3.5/5)

*This is an enrollment-based benefit.

Note: Currently, American Express is not accepting new card applications. Content on this page is for information only.

American Express Membership Rewards® Credit Card: Features & Benefits

The American Express Membership Rewards® Credit Card comes with a good reward rate and also provides you with a host of other benefits including gift vouchers, welcome benefits, milestone privileges and more. Some of the key benefits of this card are mentioned below:

Reward Points

You can earn 1 Membership Rewards Point for every Rs. 50 spent except for spends on fuel, insurance, utilities, cash transactions and EMI conversion at point of sale.

You can redeem the earned reward points for the vouchers of top brands against the 18 Karat and 24 Karat Gold Collection. Details for the same are as follows:

18 Karat Gold Collection/ 18,000 MR Points	24 Karat Gold Collection/ 24,000 MR Points
Taj voucher worth Rs. 9,000	Taj voucher worth Rs. 14,000
Shoppers Stop voucher worth Rs. 7000	Shoppers Stop voucher worth Rs. 10,000
Tata CLiQ voucher worth Rs. 7,000	Tata CLiQ voucher worth Rs. 9,000
Myntra voucher worth Rs. 7,000	Tanishq voucher worth Rs. 9,000
Amazon voucher worth Rs. 6,000	Amazon voucher worth Rs. 8,000
Flipkart voucher worth Rs. 6,000	Flipkart voucher worth Rs. 8,000
Reliance Digital voucher worth Rs. 6,000	Reliance Digital voucher worth Rs. 8,000

Note: American Express® updates the brands for gift vouchers from time to time. You must check the official website for the latest options.

Suggested read: Best Rewards Credit Cards in India

Card Renewal Benefits

The card offers renewal fee waiver as well as bonus reward points on the renewal of your card. Here are the details regarding the same:

Renewal Fee Waiver: You can avail annual fee renewal fee waiver as per the below details:

100% Renewal fee waiver on spending 1.50 Lakh or above in the previous year of card membership
50% Renewal fee waiver on spending between Rs. 90,000 to Rs. 1.49 Lakh in the previous year of card membership

Additional Rewards: Earn 5,000 Membership Rewards Points upon First Year Card Renewal, on payment of annual membership fee. Points to be credited within 90 days of Card renewal.

Other Benefits

Below mentioned are some of the other American Express Membership Rewards® Credit Card benefits:

Bonus Membership Rewards Points: 1,000 bonus Membership Rewards Points for using your card 4 times for transactions of Rs. 1,500 or above in a calendar month.

Welcome Benefit: 4,000 Membership Rewards Points on the payment of joining fee and on spending Rs. 15,000 within the first 90 days of card membership.

Monthly Milestone Benefit: 1,000 Membership Rewards Points on spending Rs. 20,000 or more in a calendar month*.

EMI Conversion: Convert purchases of Rs. 5,000 or above into easy EMI at a low interest rate.

Fuel Convenience Fee Waiver: You can save on your fuel expenses as per the below details:

0% convenience fee on fuel purchases less than Rs. 5,000 at HPCL Petrol Pumps
1% convenience fee on fuel purchases of Rs. 5,000 and above at HPCL Petrol Pumps

*This is an enrollment based benefit. Click here to enroll.

American Express Membership Rewards® Credit Card Terms and Conditions .

American Express Membership Rewards® Credit Card: Fees & Charges

The table below shows applicable fees and charges for American Express Membership Rewards® Credit Card:

Type of Fee or Charge	Amount
Joining Fee	Rs. 1,000 + Applicable Taxes
Annual/ Renewal Fee	Rs. 4,500 + Applicable Taxes (Waived off if total spends on American Express Credit Card in the immediately preceding membership year is Rs.1.5 Lakh)
Finance Charges	3.5% p.m.
Cash Advance Fee	3.5% (Minimum of Rs. 250)

To read about all the fees and charges in detail, click here .

Eligibility & Documentation

The applicant must be an Indian resident and have a savings or current account in Indian or multinational bank to be eligible for this card. A good score with no payment defaults is also a pre-requisite for getting approved. Besides this, you must fulfil the below-mentioned eligibility criteria to apply for this credit card:

Criteria	Details
Minimum Age Requirement	18 years
Occupation	Salaried or Self-employed
Minimum Income Requirement	Rs. 6 Lakh p.a.
Serviceable Cities	Click here to view the list

Should you apply for American Express Membership Rewards® Credit Card?

American Express Membership Rewards® Credit Card is truly beneficial if your goal is to earn reward points. It allows you to redeem your earned reward points against vouchers from top brands like Amazon, Flipkart, etc. This might also be a restriction as you can only redeem the reward points against vouchers but could also be a good option if you frequently shop online. Otherwise, despite being a rewards credit card, this card does not have much to offer. There are other low annual fee credit cards available in the market that offer good rewards/cashback along with other benefits.

You can consider getting this card if:

You put most spends on credit cards and can accumulate substantial reward points
You frequently shop with Flipkart, Amazon, Shoppers Stop, etc. and would prefer redemption against these brands
You are not looking for travel benefits on the card
You will be able to spend Rs. 1.5 Lakh in a year to get the annual fee completely waived off

Suggested read: Top Cashback Credit Cards in India

Other Similar Credit Cards

If you think American Express Membership Rewards® Credit Card is not a suitable match for you, then you can refer to the credit cards mentioned in the table below:

Credit Card	Annual Fee	Best Feature
Flipkart Axis Credit Card	Rs. 500	5% cashback on Flipkart & Myntra \| 4% cashback on Swiggy, Cleartrip, Cure.fit, PVR, Uber
Amazon Pay ICICI Credit Card	Nil	5% cashback on Amazon purchases for Prime members \| 3% cashback on Amazon purchases for Non-prime members
Standard Chartered Platinum Rewards Credit Card	Rs. 250	5 reward points for every Rs. 150 spent on dining and fuel
SBI SimplyCLICK Credit Card	Rs. 499	10 reward points per Rs. 100 spent on online purchases made on Amazon/ Apollo24X7/ BookMyShow/ Cleartrip/ Eazydiner/ Lenskart/ Netmeds
HDFC MoneyBack+ Credit Card	Rs. 500	10X CashPoints on Flipkart, Amazon, Swiggy, Reliance Smart SuperStore & BigBasket \|5X CashPoints on EMI spend at merchant locations

How to Apply for a Credit Card Online?

Step 1: Enter your mobile number

Step 2: Enter OTP to verify your mobile number

Step 3: Explore pre-qualified credit card offers from top issuers

Step 4: Select your preferred card and complete the digital application

How to Apply for a Credit Card Online?

Step 1: Enter your mobile number

Step 2: Enter OTP to verify your mobile number

Step 3: Explore pre-qualified credit card offers from top issuers

Step 4: Select your preferred card and complete the digital application

FAQs

Can I apply offline for American Express Membership Rewards® Credit Card?

No, you can only apply through the official website of American Express®. You are required to fill out an application form and submit it online along with required documents. After this, the bank will verify your details and process credit card request.

Can I withdraw cash using my American Express Membership Rewards® Credit Card?

Yes, you can withdraw cash using your American Express Membership Rewards® Credit Card. However, a cash advance fee of 3.5% will be charged for withdrawing cash. In addition to this, finance charges will start accruing until you pay off the withdrawn amount in full. Therefore, it is advisable not to withdraw cash using your credit card as it incur high charges.

How can I redeem my reward points earned via American Express Membership Rewards® Credit Card?

This credit card lets you earn Membership Rewards Points on your purchases. You can redeem the earned reward points against gift vouchers of top brands by logging in to your rewards account online. All you need to do is select a plan between 18 karat or 24 karat and redeem the reward points against the vouchers.

How can I report my lost or damaged American Express Membership Rewards® Credit Card?

You must report to the customer care of American Express as soon as you notice the loss of your card. To do so, you can call on the 24-hour cardmember helpline number. Also, if your card is damaged, you can send a request for a replacement card simply by logging in to your American Express account.

How can I pay my American Express Membership Rewards® Credit Card bill?

You can pay your credit card bill online through the facilities like NEFT and UPI. Apart from this, if you want to pay your bills offline, you are required to send a cheque or draft to the head office of American Express at Gurugram.

What should I do if my American Express Membership Rewards® Credit Card is declined for a transaction?

Your card may be declined due to several reasons; the most common being insufficient credit limit. If you have enough amount for the purchase and it is still declined, you must contact the customer care of American Express to know the reason for such decline and get it fixed.