American Express Membership Rewards® Credit Card
Fees
₹1,000 + Taxes
Joining & AnnualReward Rate
1 Membership Rewards Point per ₹50 spent (excl. fuel, utility, insurance); milestone bonus of 2,000 points on ₹20,000+ monthly spend
Welcome Bonus
Welcome gift benefit on card activation & joining fee payment
Lounge Access
No Lounge Access
FindMyCard Expert Take
The American Express Membership Rewards® Credit Card from American Express offers Monthly Milestone Bonus Rewards Points with an annual fee of ₹1,000 + Taxes.
Pros & Cons
Key Advantages
- 2,000 bonus Membership Rewards Points on crossing ₹20,000 in monthly spend
- 1,000 points for 4+ transactions of ₹1,500 or more in a month
- Points redeemable across American Express's Membership Rewards catalogue
- Fee waiver threshold (Annual fee waived on ₹1.5 Lakh annual retail spends)
Limitations
- No complimentary airport lounge access on this entry-tier Amex card
- Fuel, utility & insurance spends are excluded from points
- Milestone bonuses require hitting both transaction-count and spend thresholds
Editorial Verdict
The American Express Membership Rewards® Credit Card is ideally suited for monthly milestone bonus rewards points. If you want 1 membership rewards point per ₹50 spent (excl. fuel, utility, insurance); milestone bonus of 2,000 points on ₹20,000+ monthly spend, this card delivers real value. The ₹1,000 + taxes is easily offset by the card's perks if you use it regularly. You'll generally need Good (730+) credit to be approved.
Key Perks & Spending Milestones
Accelerated reward earn rate on rewards purchases
1% fuel surcharge waiver on transactions between ₹400 and ₹4,000
Up to 50 days of interest-free credit period
Zero lost card liability protection
🚀 Milestone Spends Timeline
Annual fee waived on ₹1.5 Lakh annual retail spends
Fees & Charging Rates
Annual Fee Waivers
₹1,000 + Taxes
💡 Annual fee waived on ₹1.5 Lakh annual retail spends
Regular Interest Charges
3.5% per month (42% per annum)
📅 Late Payment Fee Penalty Tiers
| Outstanding Balance Amount | Late Payment Fee Penalty |
|---|---|
| up to 500 | Nil |
| 501 to 1000 | ₹500 |
| 1001 to 5000 | ₹600 |
| 5001 to 10000 | ₹750 |
| 10001 to 25000 | ₹900 |
| 25001 to 50000 | ₹1,100 |
| above 50000 | ₹1,300 |
Insurance & Protection Benefits
air accident cover
Up to ₹50 Lakh
lost card liability
Up to ₹1 Lakh
purchase protection
Nil
emergency medical cover
Nil
Eligibility Criteria
salaried minimum income
₹25,000 per month
self employed ITR
₹6 Lakh per annum
age
21 to 65 years
Compare American Express Membership Rewards® Credit Card With Similar Cards
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|---|---|---|---|---|
| American Express Membership Rewards® Credit Card This Card | ₹1,000 + Taxes | 1 Membership Rewards Point per ₹50 spent (excl. fuel, utility,... | No Lounge Access | 4.6/5 |
| Tata Neu Infinity SBI Card | ₹1,499 + Taxes | 5% NeuCoins on Tata Neu App/Website + partner brands, up to 10% on... | 2 Domestic/Qtr (₹75K Spend) + 4 Int'l/yr | 4.7/5 |
| IDFC FIRST Business Multiplier Credit Card | ₹2,999 + Taxes | 10 Reward Points per ₹200 spent, up to ₹1 Lakh monthly spend; 5... | 8/yr Domestic + International (₹20K Spend) | 4.6/5 |
| OneCard Metal Credit Card | Free | 1% cashback on your top 2 auto-detected spend categories; 0.25% on... | 4 Domestic/Qtr (Visa Signature) | 4.6/5 |