American Express Membership Rewards Credit Card

Card Details

American Express Membership Rewards Credit Card
Issuer
American Express
Card type
Shopping, Milestone
Joining fee
₹1,000 + GST
Annual fee
₹4,500 + GST
Rewards currency
Membership Rewards Points
Forex markup
3.5%
Our Rating
4.2

Highlights

  • 4,000 Bonus Points Welcome Gift
  • 1,000 Bonus Points Monthly Milestone
  • 2,000 Bonus MR Points on Achieving Monthly Milestone Spends

Welcome, annual & renewal benefits

  • Joining Fee: ₹1,000 + GST (First Year).
  • Annual Fee: ₹4,500 + GST.
  • Welcome Benefit: 4,000 Bonus Membership Rewards Points on spending ₹15,000 in first 90 days.
  • 100% Annual Fee Waiver on spends of ₹1,50,000 in a year.
  • 50% Annual Fee Waiver on spends Between ₹90,000 to ₹1,49,999 in a year.
  • Renewal Benefit: 5,000 Membership Rewards Points on payment of renewal membership fee

Reward earning

Spend typeEarn rate
Regular Spends1 MR Point / ₹50
Reward Multiplier2 MR Points / ₹50
  • Bonus Benefit: 1,000 Bonus Points on completing 4 transactions of ₹1,500 or more in a month.
  • Additional 1,000 Points on spending ₹20,000 in a month (enrollment required).
  • No points on Fuel, Insurance, Utilities, Cash Transactions and EMI conversion at Point of Sale

24K & 18K Redemption Benefits

24,000 MR points / 24 Karat Gold Collection: (you can choose any of them):

  • 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

.

18,000 MR points / 18 Karat Gold Collection: (you can choose any of them)

  • 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 ₹8,000
  • Flipkart voucher worth ₹6,000
  • Reliance Digital voucher worth ₹6,000

Additional Benefits

  • 1% waiver on fuel surcharge is available at all HPCL fuel stations.

Eligibility

  • Annual Income greater than ₹6,00,000

Review

How much return you get from this card depends on where you redeem your points. If you redeem for 24K or 18K collection, you get good return, but nothing great. But if you have amex trifecta and you can redeem it for marriot points then you can get a very good return from this card.

To summarize this card is not for everyone. Also note that acceptance of Amex cards is not as wide as Visa or Mastercard in India.