Card Image
American Express MRCC
Annual Fee
₹1,000
Rewards/₹100 ⓘ
₹1.00
Normalized to balance base rate with bonus categories
Interest Rate
42.00%
Credit Score
700+
At a Glance
Key Benefits
1 MR point/Rs 50, 18K welcome bonus, Amex partner offers
Lounge Access
No lounge access included
Eligibility
Salaried Rs 30K+/month, Age 21-65, CIBIL 700+
Quick Details
Annual Fee
₹1,000
#183
Joining Fee
₹1,000
#183
Interest Rate
42.00% p.a.
#108
Forex Markup
3.50%
#75
Rewards/₹100
₹1.00
#190
Reward Type Reward Points
Reward Currency Points
Min Credit Score
700+
#54
Min Monthly Income ₹25
Network AMEX
Late Payment Fee ₹500
Cash Advance Fee 3.00% (min ₹300)
Over Limit Fee 2.50% (min ₹500)
Fee Waiver on Spend ₹1,00,000/yr
Reward Structure
Base
All Spends
₹1.00 /₹100
Reward Calculator
₹
Allocate by Category 100%
Your Rewards
Points Earned 0
Cash Value ₹0
Breakdown
Quick amounts:
Insurance Coverage
Lost Card
₹0
Zero liability for unauthorized transactions.
Fraud
₹0
Zero liability for fraudulent transactions.
Quick Analysis
The American Express American Express MRCC is a solid credit card option. With an annual fee of ₹1000, ensure you can utilize the benefits to get value. Consider your spending patterns before applying.
Pros
- Annual fee waiver on spending ₹100000
- Extended interest-free period of 52 days
- 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 interest rate of 42.00% on revolving credit
Frequently Asked Questions
What is the difference between Amex MRCC and Amex Membership Rewards?
Amex MRCC (Membership Rewards Credit Card) is a true credit card with a credit limit, while Amex Membership Rewards is a charge card that needs full payment each month. MRCC has lower fees and similar rewards.
What are the rewards on Amex MRCC?
You earn 1 Membership Rewards point for every Rs 50 spent. Points value is Rs 0.50 each and can be redeemed for travel, shopping, gift cards, or transferred to airline partners.
What is the welcome bonus on Amex MRCC?
Amex MRCC offers 4,000 MR points on first spend within 90 days, plus 14,000 bonus points on spending Rs 1.9 lakhs in first 4 months - total 18,000 welcome points worth Rs 9,000.
Is Amex MRCC accepted widely in India?
American Express acceptance in India has improved but is still lower than Visa/Mastercard. Major retailers, restaurants, and online merchants accept Amex, but some smaller merchants may not.
Can I convert Amex MRCC purchases to EMI?
Yes, Amex MRCC supports EMI conversion for purchases above Rs 2,500. EMI tenure ranges from 3 to 24 months with processing fees applicable.
User Reviews
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