Amex Membership Rewards® Credit Card

Apply now via our referral link and get special discounts!

Apply now

American Express offers a variety of credit cards in India to suit different spending habits and lifestyles. This is a rewards credit card that offers rewards points on spending, bonus points on reaching certain spend thresholds, and travel and lifestyle benefits.

The benefits of this credit card include:

1. Welcome Gift: You can earn 4,000 Bonus Membership Rewards® Points as a welcome gift when you sign up for the card.
2. Reward Earn Rate: You can earn 1 Membership Rewards® Point for every Rs. 50 spent, except for fuel, insurance, utilities, cash transactions, and EMI conversion at the point of sale.
3. Fee Waiver: You can get a 100% waiver on the Annual Membership Renewal fee of Rs. 4,500 if your total spends on the American Express Credit Card in the immediately preceding membership year is Rs. 1,50,000 and above. If your spends are between Rs. 90,000 to Rs. 1,49,999, you can get a 50% annual membership renewal fee waiver.
4. Bonus Membership Rewards Points: You can earn 1,000 Bonus Membership Rewards Points for using your card 4 times on transactions of Rs. 1,500 or above in a calendar month.
5. Monthly Spend Milestone: You can earn an additional 1,000 Membership Rewards points by spending INR 20,000 or more in a calendar month.
6. Additional Rewards on Card Renewal: You can earn 5,000 Membership Rewards Points upon First Year Card Renewal, on payment of the annual membership fee.
7. American Express EMI: You can use the American Express Credit Card for your next big purchase and pay in EMI.

Disadvantages:

While the American Express Membership Rewards Credit Card (MRCC) has many benefits, there are also some disadvantages to consider before applying for the card. Here are some potential drawbacks of the MRCC:

1. Limited Acceptance: American Express cards are not accepted as widely as other credit cards in India. Some merchants may not accept American Express cards, which could limit the cardholder's ability to use the card for purchases.
2. Annual Fee: While the first-year annual fee is low at Rs. 1,000, the annual fee for subsequent years is Rs. 4,500, which is higher than some other credit cards in India.
3. Rewards Points Redemption: While the card offers rewards points on spending, the redemption options are limited to select brands and merchants. This could make it difficult for some cardholders to redeem their rewards points for products or services they need.
4. No Fuel Surcharge Waiver: The card does not offer a fuel surcharge waiver, which could be a disadvantage for cardholders who use their credit card for fuel purchases.
5. Minimum Spends Required: The card offers additional benefits and rewards points on reaching certain spend thresholds, which could be a disadvantage for cardholders who may not be able to meet these minimum spend requirements.

Overall, while the American Express MRCC offers many benefits, potential cardholders should consider these disadvantages before applying for the card to ensure that it is the right fit for their needs and spending habits.