American Express
American Express Membership Rewards Credit Card
Annual Fee
₹5,310₹4,500 + GSTBase Reward
2% MR points
Foreign Markup
3.5%
Welcome Benefits
4,000 Bonus Membership Reward Points on Spending of ₹15,000 Within the First 90 Days of Card Issuance
Product Highlights
- 4,000 Bonus Membership Reward Points as a welcome benefit.
- 1 Membership Rewards Point per ₹50 spent.
- 2X Membership Rewards on all spends through the Rewards Multiplier portal.
- 5,000 Membership Reward Points on paying the 1st-year renewal fee of ₹4,500.
Category Rewards
shopping
2 Membership Rewards Points/₹50 Spent
2 pts/₹50
~1% effective
Fee Waiver
Full Annual Fee Waiver on Spends of ₹1,50,000
Merchant-Specific Rewards
1 pt = ₹0.5
Amazon
1 Membership Rewards Point/₹50 Spent
Flipkart
1 Membership Rewards Point/₹50 Spent
Reward Calculator
Earns ₹690/year (net)
Modest gain. Solid hold if you like the perks.
₹25K
across all your buckets
6K
American Express Membership Rewards Points
₹6K
via statement credit
Effective rate
2.00%
Annual fee
₹5,310
Y1 ₹1,180
Year 1 net
+₹4,820
Year 2+ net
+₹690
ongoing
Adjust your spend by reward bucket
1 bucketsRedemption channels
highest value = bestStatement credit
₹0.5/pt
Travel partner
₹1/pt
Surcharges & Exclusions
Watch-outs that quietly erode your effective rewards. Categories listed as “excluded” earn 0% even if the merchant looks normal.
Foreign exchange markup
3.5%Charged on every international (non-INR) transaction
Excluded from rewards
fuel, insurance, utility, cash advance, emi pos conversion
Surcharges are typically charged 1 cycle after the transaction and may include GST. Always confirm with the bank's most recent T&C.
Rewards Details
1 Membership Rewards Point per ₹50 spent, excluding fuel, utility, and insurance. Earn up to 2,000 Bonus MR Points on achieving monthly milestone spends.
- Redeem MR Points for Various Vouchers With the 18 and 24 Karat Gold Collection.
We use ₹0.5/point as the effective value for card comparisons and recommendations.
Benefits & Features
Special Dining Discounts at Select Restaurants
Pros & Cons
Pros
- Membership Reward Points do not expire.
- The reward rate on this card can be quite attractive, especially when transferring points to Marriott Bonvoy.
Cons
- No MR Points earned on transactions made for fuel and utilities.
- Exclusively available to residents of specific cities.
Additional Info
Important note 1
Note 2
Excluded Categories
Partner Merchants
Ready to apply?
Apply directly on the bank's official website. Quick approval, no hidden steps.
Apply NowOfficial bank website · Secure
Fees & Charges
Eligibility
Min Age
18 yrs
Salaried
₹6.0L+
Self-Emp
₹6.0L+
Networks
Fee Waiver
Full Annual Fee Waiver on Spends of ₹1,50,000