American Express Membership Rewards Credit Card

Name: American Express Membership Rewards Credit Card
Brand: American Express

American Express • Monthly milestone points make this Amex rewarding at modest spends

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The card is built around monthly bonuses rather than a high base rate. Four transactions of ₹1,500 or more and ₹20,000 of monthly spend can lift the return sharply for a disciplined user. The renewal fee needs planning because the full waiver starts at ₹1,50,000 of annual spend.

Annual Fee (+ 18% GST)₹4,500 (₹5,310 incl. GST)

Fee WaiverFull renewal fee waiver on annual spends of ₹1,50,000 or more; 50% waiver on spends of ₹90,000 to ₹1,49,999

Joining PerkWelcome gift of 4,000 bonus Membership Rewards points on payment of the joining fee and spends of ₹15,000 within 90 days

Primary Reward1 Membership Rewards point for every ₹50 spent, plus 1,000 bonus points for 4 transactions of ₹1,500 or more in a month and an extra 1,000 points on monthly spends of ₹20,000 after enrolment

Airport Lounge AccessNo complimentary lounge access on this card

Forex Markup3.5% + 18% GST

RuPay UPINo

Best ForUsers who can hit the monthly transaction and spend milestones with regular small purchases

What We Like

Two monthly bonus point opportunities on achievable spends
Full renewal fee waiver at ₹1,50,000 of annual spend
Points can be used for the Gold Collection and other Membership Rewards options

Watch Out

No complimentary airport lounge access
No base points on fuel, insurance and utility payments as stated officially
Renewal fee is high if the waiver level is missed

MITC & Hidden Charges

Annual fee ₹4,500 plus GST; total with 18% GST is ₹5,310. First year fee is ₹1,000 plus GST as stated on the official page. Other charges as per the issuer's MITC.