American Express Membership Rewards® Credit Card

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The American Express Membership Rewards® Credit Card offers various rewards and benefits for everyday spending. Despite a joining fee of Rs 1,000 and a Rs 4,500 annual fee (waived with high spending), you earn 1 point per Rs 50 spent (excluding specific categories) and a 1,000 point bonus for using the card four times on transactions above Rs 1,500. Additionally, enjoy monthly rewards, fuel surcharge waivers, entertainment perks, and insurance benefits.

Features & Benefits

Bonus Membership Rewards Points

Welcome Offer: Earn 1,000 extra Membership Rewards Points after using your new card 4 times within a calendar month on purchases of Rs. 1,500 or higher. This is a one-time introductory bonus to get you started with earning rewards.

Monthly Spend Milestone

Consistent Rewards: Earn an additional 1,000 Membership Rewards Points every month you spend Rs. 20,000 or more on your card. To enjoy this benefit, you'll need to enroll in the program.
Maximize Earnings: This benefit encourages regular use and higher spending to consistently boost your points balance.

Additional Rewards on Card Renewal

Loyalty Bonus: Get rewarded with 5,000 Membership Reward Points for renewing your card after the first year and paying the annual membership fee. This acknowledges your continued use of the card.

American Express EMI

Flexible Payments: Convert large purchases into smaller, easier-to-manage monthly installments with the American Express EMI program. This offers more financial flexibility, especially for high-ticket items.
Interest Rates: Be aware that interest rates and terms will apply to EMI transactions

Earning& Redemption

Earning Points: Earn 1 Membership Rewards® Point for every Rs. 100 spent, excluding specific categories like Fuel, Insurance, Utilities, Cash Transactions, and EMI conversions.
Welcome benefit of 4,000 Bonus Membership RPs can be availed on settling the joining fee of Rs. 1,000 and spending of Rs 15,000 within the first 90 days of the card issuance.
Redemption Options: Redeem your points for a variety of rewards, including: Gold Collection: Choose a piece from the 18 or 24 Karat Gold Collection for:
24,000 points:
Taj voucher (Rs. 14,000)
Shoppers Stop voucher (Rs. 10,000)
Tata Cliq voucher (Rs. 9,000)
Tanishq voucher (Rs. 9,000)
Amazon voucher (Rs. 8,000)
Flipkart voucher (Rs. 8,000)
Reliance Digital voucher (Rs. 8,000)
18,000 points:
Taj voucher (Rs. 9,000)
Shoppers Stop voucher (Rs. 7,000)
Tata Cliq voucher (Rs. 7,000)
Myntra voucher (Rs. 7,000)
Amazon voucher (Rs. 6,000)
Flipkart voucher (Rs. 6,000)
Reliance Digital voucher (Rs. 6,000)

Welcome Bonus

Gift voucher worth ₹500 after spending ₹5,000 or more within 30 days of card issuance.
5% cashback up to ₹1,000 on EMI transactions within the first 90 days.

Fees & Charges

Fees/Charges	Amount	Description
First Year Membership Fee	₹ 1000 + applicable taxes	-
Renewal Membership Fee*	₹4,500+ applicable taxes	waived on total retail spends of INR 10,00,000 in a year and get waiver on subsequent renewal fee
Revolving Credit Interest Rate	3.5% per month	-
Foreign Transaction Fee	3.5%	on the conversion amount
Cash Advance Charges	2.5% of the amount withdrawn subject to a minimum amount of Rs 250	-
Rewards Redemption Fee	Rs 250 per redemption request	-

All About the Card

Overview

The American Express Membership Rewards® Credit Card offers various benefits and rewards for everyday spending. It has a first-year fee of Rs. 1,000 and a renewal fee of Rs. 4,500 (waived with high spending). You earn 1 point per Rs. 50 spent on most purchases, but not including fuel, insurance, utilities, cash transactions, and EMI conversions. However, you can get a welcome bonus of 4,000 points and other bonus points for meeting spending milestones or renewing your card. The card also offers benefits like reward program, fee waivers, and purchase protection. Keep in mind that there are eligibility requirements, including residency and income restrictions, so be sure to check those before applying.

Highlights

Key Highlights	Description
Best Suited for	Travel, Rewards
Annual fee	₹9,999 + GST
Additional Benefits	Foreign Currency Markup: 1%+GST Flexible Payments Pay your bill in full or partially Convert large purchases into monthly installments with American Express EMI Fuel Perks: 0% convenience fee on HPCL fuel purchases below Rs. 5,000 (1% fee for transactions above Rs. 5,000) Dining Discounts: Up to 20% off at select restaurants (details available upon clicking the link) Convenience and Privileges: 24/7 card-related assistance Dispute resolution Zero lost card liability Emergency card replacement Contactless payment option (check your card)

Benefits

American Express cards offer various benefits alongside standard credit card features. For online shoppers, accidental damage or theft of purchases within 6 months is covered (up to ₹50,000). Secure transactions are ensured through Verified by VISA and contactless payments. International transactions benefit from a low 1% currency conversion markup. Travelers can enjoy access to airport lounges and potentially receive golf course benefits like fee waivers and lessons (check details for eligibility and specific terms). Remember, this is a general overview, and specific benefits and conditions may vary depending on the card you choose.

Online Purchase Protection Plan:

Covers accidental damage or theft of items purchased online within 6 months of purchase.
Offers coverage up to INR 50,000 per claim.
Terms & Conditions: Check the policy wordings for a list of eligible items, claim processes, and any exclusions that might apply.

Foreign Currency Markup:

Enjoy the best-in-industry markup rate of only 1% on international transactions for savings on currency conversion

Secure Payments

Verified by VISA: Secure online transactions with this added layer of protection against fraud.
Contactless Transactions: Use NFC-enabled technology for quick and convenient payments at supported terminals.

Travel Benefits

Unlimited Lounge Access: Enjoy access to both domestic and international airport lounges (conditions may apply on the number of guests, specific lounges, etc.)
Golf Program: Potential benefits including green fee waivers and complimentary lessons at select golf courses. Check the program details for eligible courses and terms

How to Apply?

If the user is an offline person, just head over to the nearest American Express branch with the required documents, and fill out a physical application form.

For those who prefer the convenience of online applications, simply follow these simple steps:

Step 1: Visit offers.shepays.com and navigate to the ‘Credit Card’ section.

Step 2: Select the American Express Membership Rewards® Credit Card from the available options and click on ‘Apply Now’.

Step 3: Fill out the online application form with personal and financial details once you’re redirected to American Express bank application portal.

Step 4: Upload the required documents, such as identity proof and income proof.

Step 5: Submit the application and wait for the bank’s decision.

It’s always a good idea to carefully review the terms and conditions of the credit card before applying and to consult with a financial advisor or the bank in case of any questions or concerns.

Eligibility Criteria

To be eligible to apply for the American Express Membership Rewards® Credit Card , you’ll need to meet simple eligibility criteria and keep certain documents handy. We’ve highlighted the same below:

You (and any supplementary card applicants) must be Resident Indians as defined under the Income Tax Act of India.
You must notify American Express if your residential status changes.
American Express Cards are currently issued to residents of specific cities:
- Delhi/NCR
- Mumbai
- Bangalore
- Chennai
- Pune
- Hyderabad
- Jaipur
- Indore
- Coimbatore
- Chandigarh
- Ahmedabad
- Surat
- Vadodra
- Lucknow
- Ludhiana
- Nagpur
- Nashik
- Trivandrum
- Mysuru
You must have a personal annual income of Rs. 6 Lakhs or above (applies to both salaried and self-employed individuals).
You must be over 18 years of age.
You must have a savings or current account with an Indian or multinational bank in India.
You must have a good credit history with no payment defaults.
You must have a current or permanent residential address in India.
If you are self-employed, your company must have been trading for more than 12 months.

Documents Required

Proof of identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
Proof of Income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.