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American Express Membership Rewards

Annual Fee

₹4,500

Rewards/₹100

₹1.00 - ₹2.00

Normalized to balance base rate with bonus categories

At a Glance

Key Benefits

Reward points

Lounge Access

No lounge access

Eligibility

Any income level, Age: 21-60 years

Quick Details

Annual Fee
₹4,500 #258
Joining Fee
₹1,000 #183
Forex Markup
3.50% #75
Rewards/₹100
₹1.00 - ₹2.00 #143
Reward Type Reward Points
Reward Currency Points
Min Monthly Income ₹NaN
Network AMERICAN EXPRESS
forex_markup 3.50%
Fee Waiver on Spend ₹1,50,000/yr

Reward Structure

Accel

Partner Brands

₹2.00 /₹100
Base

All Other Spends

₹1.00 /₹100

Reward Calculator

Allocate by Category 100%
Partner Brands
4.0 pts
60% ₹0
Other Spends
2.0 pts
40% ₹0
Your Rewards
Points Earned 0
Cash Value ₹0
Breakdown
Quick amounts:

Milestone Benefits

Welcome Bonus

4,000 Membership Rewards points on first spend within 90 days.

₹2,000

value

Milestone

18,000 bonus points on Rs 1.9 lakhs spend in 4 months.

Spend ₹1,90,000 within 120 days

₹9,000

value

Renewal Benefit

Annual fee waived for 1st year. Renewal based on spend.

Spend ₹1,50,000 within 365 days

₹4,500

value

Insurance Coverage

Lost Card

₹0

Zero liability for lost card transactions when reported within 3 days.

Fraud

₹0

Zero liability for unauthorized transactions.

Air Accident

₹50,00,000

Air accident cover for card bookings.

Quick Analysis

The American Express American Express Membership Rewards is a solid credit card option. With an annual fee of ₹4500, ensure you can utilize the benefits to get value. Consider your spending patterns before applying.

Pros

  • Annual fee waiver on spending ₹150000
  • Good insurance coverage up to ₹50 lakh
  • Contactless payment enabled for quick transactions
  • Easy EMI conversion facility available
  • Add-on cards available for family members

Cons

  • No complimentary lounge access
  • High forex markup of 3.50% on international transactions
  • High income requirement of ₹600K per month

Best For

Amex enthusiasts wanting lifetime-free Membership Rewards credit card

Frequently Asked Questions

What are the fees for American Express Membership Rewards Credit Card?
The American Express Membership Rewards Credit Card has a joining fee of Rs 1,000 and annual fee of Rs 4,500. The annual fee can be waived on spending Rs 150,000 in the previous year.
What is the eligibility criteria for American Express Membership Rewards Credit Card?
To be eligible for the American Express Membership Rewards Credit Card, you need a minimum monthly income of varies based on profile, age between 21-60 years, and a credit score of 700+. American Express customers with existing relationships may get preferential treatment.
What rewards does American Express Membership Rewards Credit Card offer?
The American Express Membership Rewards Credit Card earns reward points on all spending. Each reward point is valued at approximately Rs 0.50. Points can be redeemed for vouchers, merchandise, or travel bookings through the American Express rewards portal.
Does American Express Membership Rewards Credit Card offer airport lounge access?
The American Express Membership Rewards Credit Card may provide limited or no complimentary lounge access. Please check with American Express for the latest lounge access benefits.
How can I apply for American Express Membership Rewards Credit Card?
You can apply for the American Express Membership Rewards Credit Card through American Express official website, mobile app, or by visiting your nearest American Express branch. Existing customers can also apply through net banking.

User Reviews

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