- Joining fee
₹1,000 + GST
- Annual fee
₹4,500 + GST
- Best suited for
Shopping
- Reward type
Reward Points
Rewards
- Rewards rate
1 Membership Rewards Point/₹50 Spent, Excluding Fuel, Utility, and Insurance. Earn Up to 2,000 Bonus MR Points on Achieving Monthly Milestone Spends
- Welcome benefits
4,000 Bonus Membership Reward Points on Spending of ₹15,000 Within the First 90 Days of Card Issuance
- Reward redemption
Redeem MR Points for Various Vouchers With the 18 and 24 Karat Gold Collection. Cardholders Can Even Transfer MR Points to Various Partners Such as Marriott, KrisFlyer, and More
Benefits
- Movie & dining
Special Dining Discounts at Select Restaurants
Fees & charges
- Spend-based waiver
Full Annual Fee Waiver on Spends of ₹1,50,000. 50% Waiver on Renewal Fee on Annual Spending Between ₹90,000 to ₹1,49,999
- Rewards redemption fee
Nil
- Foreign currency markup
3.5%
- Interest rates
3.5% Per Month (Annually 42%)
- Fuel surcharge waiver
0% Fuel Convenience Fee at HPCL Fuel Stations (Transactions Below ₹5,000)
- Cash advance charges
3.5% of the Amount Withdrawn, Subject to a Minimum of ₹250
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.
- 1,000 Membership Reward Points on the spending of ₹20,000 in a calendar month.
- 5,000 Membership Reward Points on paying the 1st-year renewal fee of ₹4,500.
- A spend-based waiver on a renewal fee.
- A 1% waiver on fuel surcharge is available at all HPCL fuel stations.
- Get special dining discounts up to 20% off.
Pros & cons
Pros
- Membership Reward Points do not expire.
- The reward rate on this card can be quite attractive, but it depends on the redemption method. The highest value can typically be achieved by transferring points to Marriott Bonvoy and redeeming them for hotel stays.
Cons
- There are no MR Points earned on transactions made for fuel and utilities.
- This card is exclusively available to residents of specific cities (Delhi/NCR, Mumbai, Bangalore, Chennai, Pune, Hyderabad, Jaipur, Indore, Coimbatore, Chandigarh, Ahmedabad, Surat, Vadodra, Lucknow, Ludhiana, Nagpur, Nasik, Trivandrum, and Mysuru).
FAQs
Can I earn Membership Reward Points on my fuel transactions?
No, you can not earn membership reward points on fuel transactions. You earn up to 1 membership reward point per ₹50 you spend, excluding fuel transactions, utility bill payments, insurance, and cash transactions.
What is the cost per point on statement cash redemption of Membership Reward Points?
1 Membership Reward point = ₹0.33 in case of statement cash redemption under 18 Karat Gold Collection. 1 Membership Reward point = ₹0.37 in case of statement cash redemption under 24 Karat Gold Collection.
What is the renewal fee charged on the American Express Membership Rewards Credit Card?
You get charged with a renewal of ₹4,500 plus applicable taxes.
How many Membership Reward Points are charged upon payment of the first year's renewal fee?
You get 5,000 Membership Reward Points on paying the 1st-year renewal fee of ₹4,500. The Membership Reward Points will be reflected in the cardholder’s account within 90 days of the renewal.
Do I get a 100% spend-based waiver on the renewal fee for an annual spend of ₹1,00,000?
No, you do not get a 100% renewal fee waiver on an annual spending of ₹1,00,000. However, you do get a 50% renewal fee waiver on spending ₹1,00,000.
Does the Membership Rewards Credit Card offer points for education payments?
Yes, the AmEx Membership Rewards Credit Card offers MR Points for education payments.