American Express Membership Rewards Credit Card
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
Cashback Rate
- Reward System: Cardholder will get 5% cashback on any two packs of your choice
- Dining &
- Entertainment Category – BookMyShow &
- Zomato
- 
- Travel Category – MakeMyTrip &
- Uber
- 
- Grocery Category – Blinkit &
- Reliance Smart Bazaar
- 
- Electronics Category – Croma &
- Reliance Digital
- 
- Fashion Category – Nykaa &
- Myntra
3% cashback any one E-commerce merchant of your choice
- 
- Amazon or Flipkart or PayZapp
1% unlimited cashback across all other spends
- Cashback credit card
-  
- Reward System: Cardholders will get 5% cashback on any two packs of their choice
- 3% cashback on any one E-commerce merchant of your choice- Amazon or Flipkart or PayZapp
- 1% unlimited cashback across all other spends
Movie Benefits
Dining Benefits
Get up to 25% off on dining through Swiggy Dineout.
Other Benefits
Instant digital credit card. Annual fee reversal on spend of Rs 50,000 in any year.
Lounge Access
Fees & Charges
Joining Fee
INR 500 /- + Applicable Charges
Annual Fee
INR 500 /- + Applicable Charges
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
3.6% per month (i.e., 43.2% per annum)
Late Payment Fee
Late Payment Charges: Ranges from INR 100 to INR 1300.
Foreign Currency Transactions Fee
Foreign Currency Mark-up Fees: 3.5%
Other Fees
Cash Advance Charges: A transaction fee of 2.5% or ₹500 whichever is higher | Reward Redemption Fee: INR 99
दोष
The American Express Membership Rewards Credit Card comes with a fee of ₹4,500 which might discourage some individuals from considering it.
It is worth noting that American Express cards are not as widely accepted as Visa or Mastercard. Therefore you might come across merchants who do not accept Amex cards.
Although there are bonus points offered on spending categories by cards the base earn rate of 1 point, per ₹50 spent is not the most competitive option available.
While there are no foreign transaction fees associated with using your card keep in mind that you may still be subject, to currency conversion fees.
It's important to consider that not all airlines and hotels participate in the Membership Rewards program offered by American Express. Additionally, redemption rates can vary depending on the participating partners.
Welcome Benefit: Users will get 4,000 Membership rewards points on payment of the joining fee and on spending INR 15,000 within the first 90 days of card membership.
Reward System: 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%.
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.
EMI conversion is available.
पक्ष विपक्ष
Welcome Benefits
Users will get 4,000 Membership rewards points on payment of the joining fee and on spending INR 15,000 within the first 90 days of card membership.
पुरस्कार प्रणाली
अंतर्राष्ट्रीय विदेशी मुद्रा मार्कअप
Up to: 2.5%
स्वागत लाभ और पुरस्कार प्रणाली
विशेष लक्षण
Reward System: Cardholder will get 5% cashback on any two packs of your choice
- Dining & Entertainment Category – BookMyShow & Zomato
- Travel Category – MakeMyTrip & Uber
- Grocery Category – Blinkit & Reliance Smart Bazaar
- Electronics Category – Croma & Reliance Digital
- Fashion Category – Nykaa & Myntra
3% cashback any one E-commerce merchant of your choice
- Amazon or Flipkart or PayZapp
1% unlimited cashback across all other spends.
Eligibility Criteria
You must be an Indian citizen.
You must be 21-60 years of age.
Your net monthly income must be greater than INR 25,000 if you are salaried, and your ITR must be greater than Rs. 6 lakhs per annum if you are self-employed.
विशेष विशेषता, पात्रता और लाभ
क्रेडिट कार्ड के लिए आवेदन कैसे करें?
Eligibility: Check if you meet the eligibility criteria, which typically include a minimum income and age requirement.
Apply online: Visit the HDFC Bank website or app and fill out the online application form.
Documents: Submit the required documents like PAN card, address proof, and income proof.
Verification: HDFC will verify your documents and creditworthiness.
Approval: Upon approval, you will receive your credit card within 7-10 working days.
सम्पर्क करने का विवरण
1800 1600
खाता खोलने की प्रक्रिया और प्रक्रिया
विशेष विशेषता, पात्रता और लाभ
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Welcome Benefit: Users will get 4,000 Membership rewards points on payment of the joining fee and on spending INR 15,000 within the first 90 days of card membership.
Reward System: 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%.
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.
EMI conversion is available.
The American Express Membership Rewards Credit Card comes with a fee of ₹4,500 which might discourage some individuals from considering it.
It is worth noting that American Express cards are not as widely accepted as Visa or Mastercard. Therefore you might come across merchants who do not accept Amex cards.
Although there are bonus points offered on spending categories by cards the base earn rate of 1 point, per ₹50 spent is not the most competitive option available.
While there are no foreign transaction fees associated with using your card keep in mind that you may still be subject, to currency conversion fees.
It's important to consider that not all airlines and hotels participate in the Membership Rewards program offered by American Express. Additionally, redemption rates can vary depending on the participating partners.
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
उत्पाद समीक्षा
फीस एवं प्रभार
Annual fee First Year fee: Rs. 1,000 plus applicable taxes.
Second Year onwards: Rs. 4,500 plus applicable taxes.
Foreign Transaction Fee: 2.5% of the transaction amount is charged for purchases made in a foreign currency.
Cash Advance Fee: 3.5% of the transaction amount, with a minimum fee of ₹250, is charged for each cash advance.
Late Payment Fee: Up to ₹500 (plus applicable taxes) for each late payment.
Returned Payment Fee: Up to ₹500 (plus applicable taxes) for each returned payment.
ईंधन अधिशुक्ल
0% Convenience fee on fuel purchase at HPCL for transactions less than Rs. 5,000 and 1% Convenience fee on fuel purchases per transaction is applicable for all transactions of Rs. 5,000 and above.
Billing Cycle
30 Days