American Express Membership Rewards Credit Card

The American Express Membership Rewards credit card is a card which offers a unique rewards program for its cardholders in the form of reward points which can be redeemed for gifts and other benefits. The joining fee is Rs.1,000 and the annual fee for the card is Rs.4,500 excluding taxes.

Key Highlights of Amex Membership Rewards Credit Card

  1. You will earn 1 Membership Rewards Point for every Rs.50 spent, excluding fuel, insurance, utilities, cash transactions, and EMI conversions at the Point of Sale (PoS).
  2. Suppose the total spending on an American Express Credit Card immediately preceding the membership year amounts to Rs.1,50,000 and above. In that case, the Annual Membership Renewal fee of Rs.4500 would be waived entirely.
  3. Alternatively, if the total spending on the American Express Credit Card in the preceding membership year ranges from Rs.90,000 to Rs.1,49,999, the annual membership renewal fee will be waived by 50%.

Key Benefits

  1. Bonus Membership Rewards Points: On four times transactions of Rs. 1,500 or above in a calendar month, you can earn 1,000 Bonus Membership Rewards Points.
  2. Monthly Spend Milestone: As an enrolment-based benefit, you can earn 1,000 Membership Rewards points in a calendar month by spending Rs.20,000 or more.
  3. Additional Rewards on Card Renewal: Upon renewing your card for the first year and paying the annual membership fee, you can earn 5,000 Membership Rewards Points. These points will be credited within 90 days of card renewal.
  4. American Express EMI: Experience the convenience of American Express EMI. Enjoy the flexibility to split your payments and indulge in your next big purchase using your American Express Credit Card.

Rewards Points

  1. On every Rs.50 spent, you can earn one Membership Rewards Point, excluding fuel, insurance, utilities, cash transactions, and EMI conversions at the Point of Sale.
  2. Select one of the fantastic reward options from the stunning 24 Karat Gold Collection, with a value of 24,000 Membership Rewards Points. You can choose from the following vouchers:
    1. Taj voucher worth Rs.14,000
    2. Shoppers Stop voucher worth Rs.10,000
    3. Tata Cliq voucher worth Rs.9,000
    4. Tanishq voucher worth Rs.9,000
      1. Amazon voucher worth Rs.8,000
    5. Reliance Digital voucher worth Rs.8,000
    6. Flipkart voucher worth Rs.8,000
  3. Select one of the fantastic reward options from the stunning 18 Karat Gold Collection, valued at 18,000 MR points. You can choose from the following vouchers:
    1. Taj voucher worth Rs.9,000
    2. Shoppers Stop voucher worth Rs.7,000
    3. Tata Cliq voucher worth Rs.7,000
    4. Myntra voucher worth Rs.7,000
    5. Amazon voucher worth Rs.6,000
    6. Reliance Digital voucher worth Rs.6,000
    7. Flipkart voucher worth Rs.6,000

Other Benefits

Experience the ease and exclusive privileges with your American Express Membership Rewards Credit Card. Take advantage of the following special benefits tailored just for you:

Enjoy Freedom and Convenience:

  1. Pay your Credit Card bill in full or partially, giving you flexibility in managing your payments.
  2. Convert your purchases into convenient monthly instalments with the American Express EMI option.

Fuel Convenience Fee Waiver:

  1. Say goodbye to additional charges as you enjoy a waiver on fuel convenience fees.

Services on Your Card:

  1. Access 24X7 assistance for any card-related inquiries or concerns.
  2. Benefit from efficient dispute resolution services.
  3. Rest assured, with zero liability for any unauthorized transactions on lost or stolen cards.
  4. Experience peace of mind with emergency card replacement services.

Contactless Payment:

  1. Take advantage of the convenience and speed of contactless payments. Look for the contactless symbol on the front and back of your card to check if it is enabled for contactless payments.

Eligibility

Please note that American Express Cards are currently available to residents of specific locations, including Delhi/NCR, Mumbai, Bangalore, Chennai, Pune, Hyderabad, Jaipur, Indore, Coimbatore, Chandigarh, Ahmedabad, Surat, Vadodara, Lucknow, Ludhiana, Nagpur, Nashik, Trivandrum, and Mysuru, subject to conditions.

To be eligible for the card:

  1. The applicant must have a personal annual income of Rs.6 lakh or above in the case of being self-employed or salaried.
  2. The applicant must be at least 18 years old.
  3. The applicant must hold a savings or current account with an Indian or multinational bank in India.
  4. The applicant must have maintained a good credit history without any payment defaults.
  5. The applicant must possess a current and permanent residential address in India.
  6. If self-employed, the applicant's company must be in operation for more than 12 months.

Fees and Charges of Amex Membership Rewards Credit Card

Type of Fees and Charges

Amount

Joining fee

Rs.1,000 plus GST

Annual fee (Second Year Onwards)

Rs.4,500 plus GST

Interest rate

3.50% per month

Interest rate (In Case of Default)

3.99% per month

Cash withdrawal limit

US Dollars 333 every 14 days or 20% of the credit limit, whichever is lower

Cash advance fee

3.5% of the cash advance amount, with a minimum of Rs.250, is charged each time a card member withdraws cash

Late fee payment charges

30% of the minimum amount due, with a minimum of Rs.500 and a maximum of Rs.1,000, is applicable

Add-on card fee

NIL for 1st two cards, Rs.1,500 for each card thereon

Documents Needed to Apply for Amex Membership Rewards Credit Card

  1. You would be asked to submit documents related to your income, Know Your Customer (KYC)- Permanent Account Number (PAN), ID and address proof.
  2. You would also have to submit your photograph, salary slip/Form 16, etc.
  3. For any other documents apart from the ones mentioned here, you would be informed by American Express.

FAQs on American Express Membership Rewards Credit Card

  • What are the benefits of having an American Express Membership Rewards Credit Card?

    The American Express Membership Rewards Credit Card provides multiple reward points that you can redeem for attractive options. Refer to the 'features and benefits' section for more details.

  • Does the American Express Membership Rewards Card offer emergency card replacement facility?

    Yes, the American Express Membership Rewards Card offers an emergency card replacement facility.

  • I have lost my American Express Membership Rewards Card. What should I do?

    If you have lost your American Express Membership Rewards Card, you should report the loss immediately to American Express. Also, inform the police and get a copy of the FIR. Send the FIR to American Express along with a detailed report about the incident.

  • How can I pay the bill of my American Express Membership Rewards Card?

    You can pay the bill of your American Express Membership Rewards Card in one of the following ways: National Electronic Fund Transfer (NEFT), direct debit facility, electronic bill payment facility, and cheque or draft.

  • Where can I get more details about The American Express Membership Rewards Card?

    You can contact the 24-hour helpline number of American Express by dialing 91124-2801800 / 1800 419 3646.

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