Welcome Benefit: Users will get 4,000 Membership rewards points on payment of the joining fee and on spending Rs 15,000 within the first 90 days of card membership.
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American Express Membership Rewards Credit Card
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Users will get 4,000 Membership rewards points on payment of the joining fee and on spending Rs 15,000 within the first 90 days of card membership.
Milestone Benefits
Milestone Benefits: Customers can earn 1,000 bonus Membership rewards points for simply using their card 4 times on transactions of Rs. 1,500 or above in a calendar month.
Customers can also earn an additional 1,000 Membership rewards points simply by spending INR 20,000 or more in a calendar month.
Customers can also earn 5,000 Membership rewards points upon first year card renewal, on payment of the annual membership fee.
Cashback Rate
The value of 1 reward point is INR 0.50.
Users will earn 1 Membership reward point for every Rs. 50 spent except for spending on Fuel, Insurance, Utilities, Cash Transactions, and EMI conversion at the Point of Sale. Effective cashback rate: 1%.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
EMI conversion is available.
Lounge Access
None.
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Users will get 4,000 Membership rewards points on payment of the joining fee and on spending Rs 15,000 within the first 90 days of card membership.
Milestone Benefits
Milestone Benefits: Customers can earn 1,000 bonus Membership rewards points for simply using their card 4 times on transactions of Rs. 1,500 or above in a calendar month.
Customers can also earn an additional 1,000 Membership rewards points simply by spending INR 20,000 or more in a calendar month.
Customers can also earn 5,000 Membership rewards points upon first year card renewal, on payment of the annual membership fee.
Cashback Rate
The value of 1 reward point is INR 0.50.
Users will earn 1 Membership reward point for every Rs. 50 spent except for spending on Fuel, Insurance, Utilities, Cash Transactions, and EMI conversion at the Point of Sale. Effective cashback rate: 1%.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
EMI conversion is available.
Lounge Access
None.
Fees & Charges of
American Express Membership Rewards Credit Card
Joining Fee
INR 1000 plus taxes.
Annual Fee
Rs. 4,500 plus applicable taxes.
Cash Advance Fee
Cash Advance Fee: 3.5% of the transaction amount, with a minimum fee of ₹250, is charged for each cash advance.
Interest rate
3.50% per month, 42.00% p.a.
Late Payment Fee
Late Payment Fee: Up to ₹500 (plus applicable taxes) for each late payment.
Foreign Currency Transactions Fee
Foreign Transaction Fee: 2.5% of the transaction amount is charged for purchases made in a foreign currency.
Other Fees
Second Year onwards: Rs. 4,500 plus applicable taxes. | Returned Payment Fee: Up to ₹500 (plus applicable taxes) for each returned payment.
Joining Fee
INR 1000 plus taxes.
Annual Fee
Rs. 4,500 plus applicable taxes.
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
3.50% per month, 42.00% p.a.
Late Payment Fee
Late Payment Fee: Up to ₹500 (plus applicable taxes) for each late payment.
Foreign Currency Transactions Fee
Foreign Transaction Fee: 2.5% of the transaction amount is charged for purchases made in a foreign currency.
Other Fees
Second Year onwards: Rs. 4,500 plus applicable taxes. | Returned Payment Fee: Up to ₹500 (plus applicable taxes) for each returned payment.
Fee and Charges of
American Express Membership Rewards Credit Card
Special Features
0% Convenience fee on fueling up at HPCL.
Eligibility Criteria
The applicant must be a Resident Indian.
The applicant must have an Annual Personal Income of Rs 6 Lakhs and above (in case of Self Employed or Salaried).
The applicant’s minimum age should be 18 years.
The applicant should have an Indian or multinational bank’s savings or current account in India.
Speical Feature, Eligibility and Benefits of
American Express Membership Rewards Credit Card
How to apply for Credit Card?
Visit the American Express website: Choose the specific Membership Rewards card you're interested in.
Click on "Apply Now": Fill out the online application form with your personal and financial information.
Review and submit: Review your application thoroughly before submitting it.
Decision: American Express will review your application and let you know their decision within a few days.
Card receipt: If approved, you'll receive your card within a few weeks.
Contact Details
1-800-419-2122 (Toll Free)
Account Opening and Procedure of
American Express Membership Rewards Credit Card
Find Offers on Your Credit Card
Find Offers on Your Credit Card
Without a question, the American Express Membership Rewards credit card is a fantastic way to start using credit cards or for anyone who wants a simple credit card. This credit card has a low joining fee but a large renewal price that consumers must pay. However, you can avoid the renewal fee if you spend Rs. 1,50,000 or more in the year prior. It's a very lucrative card that offers users fascinating bonuses and privileges in addition to a respectable reward rate. Those who travel frequently or are avid shoppers should use American Express's premium credit cards.
Without a question, the American Express Membership Rewards credit card is a fantastic way to start using credit cards or for anyone who wants a simple credit card. This credit card has a low joining fee but a large renewal price that consumers must pay. However, you can avoid the renewal fee if you spend Rs. 1,50,000 or more in the year prior. It's a very lucrative card that offers users fascinating bonuses and privileges in addition to a respectable reward rate. Those who travel frequently or are avid shoppers should use American Express's premium credit cards.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai