American Express Membership Rewards credit card is a feature-loaded card that largely focuses on offering reward points. Users can earn 1 reward per Rs. 50, along with bonus rewards on activation, renewal, and both monthly and yearly milestone completion. However, unlike the conventional rewards redemption, this card offers redemption against multibrand vouchers under its 18 Karat and 24 Karat Gold collection. The card largely targets the mid-range customer segment and comes at a slightly higher annual fee of Rs. 4,500 but a low joining fee of Rs. 1,000. Read on to know more.
Key Highlights of American Express Membership Rewards® Credit Card
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Best Suited for | Rewards & Shopping |
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.1,50,000) |
Minimum Income Requirement | Rs. 6 Lakh p.a. |
Welcome Benefit | 4,000 Membership Rewards Points on the payment of joining fee and on spending Rs. 15,000 in the first 90 days of cardmembership |
Best Feature | 1 Membership Rewards Point for every Rs. 50 spent except for selected categories |
Renewal Benefit | 100% renewal fee waiver on spending Rs. 1.50 Lakh and above in the immediately preceding membership year |
Milestone Benefit | 1,000 Membership Rewards Points on spending Rs. 20,000 in a month* |
Paisabazaar’s Rating | ★★★ (3.5/5) |
*This is an enrollment-based benefit.
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2 Comments
what is the forex charge in amex credit card?
The forex mark-up fee for American Express Credit Cards is 3.5% of the transaction amount. GST will also be applicable on the fee charged.