Earn Easy Rewards with the American Express Membership Rewards Credit Card

Bio

Shreyansh Singh, an IIT Kanpur alumnus, has eight years of experience in the finance industry. He has spent 5 years at American Express developing mid to long-term strategies for multiple markets including US, Europe and India. Shreyansh currently leads Growth and Strategy initiatives at Pice.

14 Apr 26
6 mins

Shreyansh Singh

08 Mins
14-04-26

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Table of Contents

American Express Membership Rewards Credit Card Benefits
American Express Membership Rewards Programme
How to Apply for the American Express Membership Rewards Credit Card EMI?
American Express Membership Rewards Credit Card Charges
American Express Membership Rewards Credit Card Eligibility

Earn 1 point for every ₹50 spent on eligible purchases.
Get 4,000 welcome points after initial card usage.
Explore Gold Collection rewards at 18,000 or 24,000 MR points.
Renewal bonus gives 5,000 points after the first year.
Annual fee waived on spending ₹1,50,000.
A partial fee waiver applies to spending above ₹90,000.

The American Express Membership Rewards Credit Card offers simple rewards on everyday spending. You earn 1 Membership Rewards Point for every ₹50 spent, except for fuel, insurance, utilities, cash transactions and EMI conversion at the point of sale.

It comes with a welcome gift of 4,000 points when the card is used at least 4 times. The joining fee is ₹1,000+taxes, while the annual fee is ₹4,500+taxes. The card also offers 2 supplementary cards at no extra cost.

American Express Membership Rewards Credit Card Benefits

Earn 1,000 Membership Rewards Points on monthly spends of ₹20,000 or more. This benefit needs enrollment and adds extra value on regular usage.

Want to explore more features of the American Express Membership Rewards Credit Card?

Additional Rewards on Renewal: Earn 5,000 Membership Rewards Points after the first year of renewal on annual fee payment. Points reflect within 90 days.
Fine Dining Benefits: Enjoy dining offers at select restaurants with up to 20% savings or complimentary benefits on every eligible visit.
Fuel Waiver Benefit: Get 0% fee on HPCL fuel spends below ₹5,000. A 1% fee applies to higher transactions.
Zero Lost Card Liability: Stay secure from unauthorised use. Report within 3 days for zero liability, else maximum liability stays at ₹1,000.
Contactless Payment Feature: Make quick payments up to ₹5,000 with contactless features. Check the card front or back for the contactless symbol before use.
American Express EMI Option: Convert large purchases into easy EMIs with your card. Pay in parts without heavy financial pressure.

American Express Membership Rewards Programme

Collect 18,000 or 24,000 Membership Rewards Points to unlock Gold Collection rewards. Choose one option from the 18 Karat or 24 Karat collections with premium voucher benefits.

24,000 MR Points: 24 Karat Gold Collection(Choose any 1)	18,000 MR Points: 18 Karat Gold Collection(Choose any 1)
Taj voucher worth ₹14,000	Taj voucher worth ₹9,000
Shoppers Stop voucher worth ₹10,000	Shoppers Stop voucher worth ₹7,000
Tata Cliq voucher worth ₹9,000	Tata Cliq voucher worth ₹7,000
Tanishq voucher worth ₹9,000	Myntra voucher worth ₹7,000
Amazon voucher worth ₹8,000	Amazon voucher worth ₹6,000
Flipkart voucher worth ₹8,000	Flipkart voucher worth ₹6,000
Reliance Digital voucher worth ₹8,000	Reliance Digital voucher worth ₹6,000

💡While you unlock Gold Collection benefits, stay updated on credit card bill payments with timely reminders and track every bill through one simple dashboard on the Pice App!

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How to Apply for the American Express Membership Rewards Credit Card EMI?

You can convert purchases of ₹5,000 or more into easy EMIs with flexible repayment options.

Choose Pre-Purchase EMI at checkout with tenures of 3, 6, 9, 12, 18, or 24 months at 1.17% monthly interest.
For completed transactions, use Post-Purchase EMI with tenures from 3 to 24 months at 1.33% monthly interest.

Note: Apply through SMS, online form, or Amex app chat with ease for Post-Purchase EMI.

American Express Membership Rewards Credit Card Charges

The Amex Membership Rewards Card charges an interest of 3.50% per month. However, in case of default, the interest amount increases to 3.99%

Other key charges levied on this card are:

Parameters	Charges
Add-on Card Charges	₹1,500 (3rd card onwards)
Cash Advance Fee	3.5% or min. ₹250
Cheque/ECS/NACH Return Fee	₹250
Foreign Currency Transactions	3.50%
Duplicate Statement Fee	₹100
Cash Withdrawal Limit	$333 or 20% of credit limit, whichever is lower; every 14 days.
Late Payment Charges	30% of MAD.Min. ₹500 and max. ₹1,000

American Express Membership Rewards Credit Card Eligibility

You must be a resident of India as per the Income Tax Act with a valid residential address in India. Inform the bank if your residential status changes at any time.

Minimum age requirement is 18 years.
A savings or current account with an Indian or multinational bank is required.
A strong credit history with no payment defaults is necessary.
Employment with an annual income of ₹4.5 lakh or more is required.
Self-employed applicants must have an annual income of ₹6 lakh or more.
Businesses must operate for more than 12 months in the case of self-employed applicants.
Card availability stays limited to residents of select cities across India.

💡Take control of your card experience from day one. Link your American Express card with the Pice App for a smooth and secure way to manage credit card bill payments. The platform is secure and GST-compliant and helps you pay bills without stress or delay!

Footnotes

You will receive the welcome gift after paying the joining fee and spending ₹15,000 within the first 90 days.
Fuel charges include 1% fee at BPCL and IOCL, 2.5% fee at other stations except HPCL.
Amex cards are currently issued only to residents of Surat, Chennai, Pune, Indore, Mumbai, Mysuru, Delhi/NCR, Nagpur, Ahmedabad, Jaipur, Hyderabad, Ludhiana, Nasik, Coimbatore, Lucknow, Chandigarh, Trivandrum, Vadodara, and Bangalore.
A one-time processing fee of 2%+ taxes applies to post-purchase EMI conversions.
Membership Rewards Points do not expire and remain valid as long as the card account stays active.

FAQs

What is the annual fee waiver condition?

The American Express Membership Rewards Credit Card annual fee gets a full waiver on spending above ₹1,50,000. A 50% waiver applies when spending stays between ₹90,000 - ₹1,49,999.

How can I contact the American Express Membership Rewards Credit Card support team?

Call 1800 419 0167 from India via mobile or landline. For international calls, dial +91 0124 673 6900. You can also message through the Amex app.

How to convert transactions into EMI via SMS?

Send SMS in format EMINOW <Amount> Transaction Date <DDMMYY> Merchant Name <XXXX> EMI Tenure <3/6/9/12/18/24> to 5616166 from your registered mobile number to convert eligible transactions into EMI.

How long does it take for points to transfer to partner accounts?

Points transfer usually completes within 3 to 5 working days. Ensure your airline or hotel membership number stays registered before you initiate the request.

How can I redeem Membership Rewards points easily?

Redeem points for vouchers, travel bookings, statement payments, or partner transfers. Visit the official American Express rewards page to explore and complete redemption options.

How to apply for an American Express Card online?

Apply online through the official website or contact the helpline. Review card features before application to select the most suitable option.

Does American Express offer doorstep banking services?

Doorstep banking services are available for senior citizens above 70 years, plus differently abled individuals. Contact the number on your card for more details.