About American Express Membership Rewards® Credit Card
The American Express Membership Rewards® Credit Card is packed with features and mainly focuses on reward points. You earn 1 reward point for every ₹50 spent, along with bonus points on activation, renewal, and when you achieve monthly or yearly milestones.
Unlike regular redemption options, this card lets you redeem your points for multi-brand vouchers under the exclusive 18 Karat and 24 Karat Gold collections.
It is best suited for mid-range customers, as it comes with a low joining fee of ₹1,000 and a higher annual fee of ₹4,500 (excluding taxes).
American Express Membership Rewards® Credit Card Rewards Program
American Express Membership Rewards® Credit Card comes with great rewards and exclusive benefits like gift vouchers, welcome offers, and milestone privileges.
Reward Points
- Earn 1 Membership Rewards Point for every ₹50 spent (except fuel, insurance, utilities, cash transactions, and EMI conversions at POS).
Redeem Your Points
You can redeem your points for exciting vouchers:
24 Karat Gold Collection (24,000 MR Points)
- 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
- Reliance Digital voucher worth ₹8,000
- Flipkart voucher worth ₹8,000
18 Karat Gold Collection (18,000 MR Points)
- 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 ₹6,000
- Reliance Digital voucher worth ₹6,000
- Flipkart voucher worth ₹6,000
Note: American Express® updates the brands for gift vouchers from time to time. You must check the official website for the latest options.
Other Features and Benefits
1. Bonus Membership Rewards Points
- Earn 1,000 bonus Membership Rewards Points every month by using your card 4 times for transactions of ₹1,500 or above.
2. Welcome Benefit
- Get 4,000 Membership Rewards Points on:
- Payment of joining fee
- Spending ₹15,000 within the first 90 days of card membership.
3. Monthly Milestone Benefit
- Earn 1,000 Membership Rewards Points on spending ₹20,000 or more in a calendar month.
4. EMI Conversion
- Convert purchases of ₹5,000 or above into easy EMIs at low interest rates.
5. Fuel Convenience Fee Waiver
- 0% convenience fee on fuel purchases below ₹5,000 at HPCL petrol pumps.
- 1% convenience fee applicable for fuel purchases of ₹5,000 & above at HPCL pumps.
6. Renewal Benefits
Renewal Fee Waiver:
- 100% waiver on spending ₹1.5 Lakh or above in the previous year.
- 50% waiver on spending between ₹90,000 – ₹1.49 Lakh in the previous year.
Additional Rewards:
- Earn 5,000 Membership Rewards Points on 1st year card renewal, credited within 90 days of renewal (on payment of annual fee).
Fees and Charges
| 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) |
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Document Required For American Express Membership Rewards® Credit Card
- Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter ID
- Proof of Address: Aadhaar Card, Driver’s License, Passport
- Proof of Income: Latest 3 salary slips, Last 3 months’ bank statement
Eligibility Criteria
- Age: 21 to 70 years
- Occupation: Salaried or Self-employed
- Credit Score: Should have a good credit history
American Express Membership Rewards® Credit Card Highlights
What do we like about this card?
- Earn 1 Membership Rewards Point for every ₹50 spent (except on fuel, insurance, utilities, cash transactions, and EMI conversions at POS).
- 100%: Spend ₹1,50,000 or more in a year to get the annual renewal fee of ₹4,500 waived completely.
- 50%: Spend between ₹90,000 and ₹1,49,999 in a year to get 50% off on the renewal fee.
Things to Know Before you apply
Get this card if:
- You use your credit card for most of your spending and want to earn good reward points.
- You often shop on Flipkart, Amazon, Shoppers Stop, and similar stores, and prefer redeeming points there.
- You don’t need travel benefits like free lounge access or air miles.
- You can spend ₹1.5 lakh in a year to get the annual fee waived off.
Pros
- Earn 1 Membership Rewards Point on every ₹50 spent
- Flexible redemption across Amazon, Flipkart, Shoppers Stop, and more
- Annual fee waiver on ₹1.5 lakh annual spends (50% waiver between ₹90,000–₹1.49 lakh)
Cons
- High annual fee if waiver conditions aren’t met
- Lower reward rate compared to some competing cards
- No reward points on fuel, utilities, insurance, cash withdrawals, or EMI conversions
American Express Bank Credit Card Contact Details
- Contact Address: American Express Banking Corp. Cyber City, Tower C, DLF Bldg. No. 8, Sector 25-A, DLF City Phase II, Gurgaon – 122002, Haryana, India
Helpline:1800 419 3646 (Toll-Free, India) +91 124 2801800 (International)
Simply SMS: Send AMEXHELP to 561616 for instant assistance
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Frequently Asked Questions
A. The card lets you earn Membership Rewards Points on your spends, which can be redeemed for gift vouchers or products from the rewards catalogue. You also get welcome benefits, milestone points, and annual fee waiver options.
A. Yes, but it is not recommended. A cash advance fee of 3.5% will be charged, and interest will start immediately until you repay.
A. You can redeem your Membership Rewards Points online through the 18 Karat and 24 Karat Gold Collection against vouchers from top brands like Amazon, Flipkart, Taj, and more.
A. For a lost card, call the 24-hour American Express helpline immediately. If the card is damaged, you can log in to your Amex account and request a replacement card.
A. You can pay online via NEFT, UPI, direct debit, or electronic bill payment. Offline, you can send a cheque or draft to the American Express office in Gurugram.
A. The most common reason is insufficient credit limit. If that’s not the case, call American Express customer care to resolve the issue.
