American Express Membership Rewards® Credit Card
Fees
₹1,000 + Taxes
Joining & annual
Reward 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
No Lounge Access
Our 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
Key Perks & Spending Milestones
1 Membership Rewards Point per ₹50 spent (fuel, utility & insurance excluded)
2,000 bonus points on crossing ₹20,000 in monthly spend
1,000 bonus points for 4+ transactions of ₹1,500 or more in a month
Points redeemable across the American Express Membership Rewards catalogue
1% fuel surcharge waiver on transactions between ₹400 and ₹4,000
Spend milestone
Annual fee waived on ₹1.5 Lakh annual retail spends
Fees & Charges
Joining fee
₹1,000 + Taxes
Annual fee
₹1,000 + Taxes
Annual fee waived on ₹1.5 Lakh annual retail spends
Interest rate
3.5% per month (42% per annum)
Late payment fee
- Up to ₹500
- Nil
- ₹501 to ₹1,000
- ₹500
- ₹1,001 to ₹5,000
- ₹600
- ₹5,001 to ₹10,000
- ₹750
- ₹10,001 to ₹25,000
- ₹900
- ₹25,001 to ₹50,000
- ₹1,100
- Above ₹50,000
- ₹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
Credit score & income
Good (730+)
Frequently Asked Questions
What's the reward rate on Amex Membership Rewards?
Does this card offer lounge access?
Compare American Express Membership Rewards® Credit Card With Similar Cards
| Card | Annual Fee | Reward Rate | Lounge Access | Rating |
|---|---|---|---|---|
| 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 |