American Express Membership Rewards® Credit Card

The American Express Membership Rewards® Credit Card delivers excellent value through reward points earned on purchases, which can be redeemed for popular brand gift vouchers such as Amazon and Flipkart. With an annual fee of Rs. 4,500, the card also provides additional rewards when you achieve monthly milestones. Dive in to discover more about this credit card’s benefits.

Key Highlights of American Express Membership Rewards Credit Card

  • Best Suited for: Rewards & Shopping
  • Joining Fee: Rs. 1,000 + Applicable Taxes
  • Annual/Renewal Fee: Rs. 4,500 + Applicable Taxes (Waived off if total spends on American Express Credit Card in the immediately preceding membership year is Rs. 1,50,000)
  • Minimum Income Requirement: Rs. 6 Lakh p.a.
  • Welcome Benefit: 4,000 Membership Rewards Points on the payment of joining fee and on spending Rs. 15,000 in the first 90 days of cardmembership
  • Best Feature: 1 Membership Rewards Point for every Rs. 50 spent except for selected categories
  • Renewal Benefit: Enjoy a complete waiver on renewal fees by spending Rs. 1.50 Lakh or more in the membership year just before renewal.
  • Milestone Benefit: Earn 1,000 Membership Rewards Points by spending Rs. 20,000 within a month.

Features and Benefits of American Express Membership Rewards Credit Card

1. Welcome Benefits:

  • Get a boost with 4,000 Bonus Membership Reward Points when you pay the Rs. 1,000 joining fee and make purchases totaling Rs. 15,000 within 90 days of activating your card.
  • Information regarding these welcome benefits will be conveyed via SMS or Email to your registered phone number or Email ID.

2. Monthly Milestone Rewards:

  • Earn 1,000 Bonus Membership Reward Points when you complete four transactions of Rs 1,500 or more on your American Express Membership Rewards credit card in a calendar month.
  • Gain 1,000 Membership Reward Points for spending Rs 20,000 in a calendar month (enrollment required).
  • Accumulated Membership Reward Points are credited within 30 days after the end of each calendar month.
  • Please be aware that the points accumulated through the monthly milestone benefit based on spending cannot be exchanged for cash rewards on your statement.

3. Spend-Based Renewal Fee Waiver:

  • Get a waiver for the renewal fee worth Rs 4,500 by making purchases totaling Rs 1,50,000 in the preceding year.
  • Enjoy a 50% renewal fee waiver for annual spending between Rs 90,000 and Rs 1,49,999 in the previous year.

4. Fuel Surcharge Waiver:

  • Get a 1% fuel surcharge waiver at all HPCL fuel stations for fuel transactions up to Rs 5,000.
  • Experience a 1% fuel surcharge at BPCL and IOCL fuel stations for fuel transactions with a minimum value of Rs 10.
  • A 2.5% fuel surcharge is applicable to fuel transactions at all other fuel stations.

5. Other Benefits:

  • Get 5,000 Membership Reward Points when you pay the first-year renewal fee of Rs 4,500. Within 90 days of renewing, these points will be added to your account.
  • Enjoy special dining discounts of up to 20% at select restaurants using your American Express Reward credit card.
  • Benefit from liability protection assurance, including features such as zero lost card assurance, 24×7 card assistance, emergency card replacement, and dispute resolution.

American Express Membership Rewards® Credit Card Fees and Charges

1. Annual Fee:

  • First Year Fee: Rs. 1,000 plus applicable taxes.
  • Second Year Onwards: Rs. 4,500 plus applicable taxes.

2. Reward Earn Rate:

  • Earn 1 Membership Rewards® Point for every Rs. 50 spent, except for spend on Fuel, Insurance, Utilities, Cash Transactions, and EMI conversion at Point of Sale.

3. Fee Waiver:

  • If your total spending on the American Express Credit Card for the previous membership year reaches or exceeds Rs. 1,50,000, you won’t have to pay the Annual Membership Renewal fee of Rs. 4,500.
  • 50% of the annual membership renewal fee will be waived off if total spends on the American Express Credit Card in the immediately preceding membership year are Rs. 90,000 to Rs. 1,49,999.

Eligibility criteria for the American Express Membership Rewards® Credit Card

  1. Age requirement: Candidates must be at least 18 years of age.
  2. Minimum annual income: A minimum annual income of Rs. 6 Lakh or more is required for both salaried and self-employed individuals.
  3. Self-employed individuals: If self-employed, the applicant’s company must have been trading for the past 12 months.
  4. Permanent residence: Applicants must have a permanent residence in India.
  5. Good credit score: A good credit score is also necessary to qualify for this credit card.

Documents Required for American Express Membership Rewards® Credit Card

1. Required Documents:

  • Income-related documents.
  • Know Your Customer (KYC) documents.
  • Permanent Account Number (PAN) card.
  • Identification (ID) proof.
  • Address proof.

2. Additional Documents:

  • A photograph.
  • Salary slip/Form 16.

3. Notification for Other Documents:

  • American Express will inform you about any additional documents required beyond the ones listed above.

How to apply for American Express Membership Rewards® Credit Card

To apply for the American Express Membership Rewards® Credit Card, you can follow these steps:

  1. Visit the American Express Website: Go to the official American Express website for your country.
  2. Search for the Card: Utilize the website’s search bar or browse through its navigation options to find the “Membership Rewards® Credit Card.
  3. Review Card Details: Click on the card to access detailed information about its features, benefits, fees, and eligibility requirements. Ensure that this card aligns with your needs and financial situation.
  4. Start the Application Process: Visit the webpage of the card and locate the button labeled “Apply Now” or “Get Started.” Tap or click on it to initiate the application procedure.
  5. Provide Personal Information: You will need to fill out an application form with your personal details, including your name, contact information, date of birth, and social security number (or equivalent national ID number).
  6. Financial Information: Prepare to furnish details regarding your employment and income situation when prompted. Be ready to disclose information about your present employer and the sources of your income.
  7. Review and Submit: Carefully review all the information you’ve provided. Make sure it’s accurate and complete. Review the card’s terms and conditions along with any accompanying charges.
  8. Submit the Application: Once you’re satisfied with the information and terms, submit your application.
  9. Await Approval: American Express will review your application, which may take a few business days. If necessary, they might reach out to you for additional verification or information.
  10. Receive the Card: If your application is approved, you will receive your American Express Membership Rewards® Credit Card by mail at the address you provided during the application.
  11. Activate the Card: Follow the instructions that come with the card to activate it. Usually, you achieve this by either dialing a specific phone number or initiating the process through an online activation method.
  12. Start Using the Card: Once activated, you can start using your American Express Membership Rewards® Credit Card for your purchases and begin earning rewards.

Frequently Asked Questions (FAQs)

Q1: What is the American Express Membership Rewards® Credit Card?
A1: The American Express Membership Rewards® Credit Card is a credit card offered by American Express that allows cardholders to earn Membership Rewards® points on eligible purchases. These points can be redeemed for a variety of rewards, including travel, merchandise, and more.

Q2: How do I earn Membership Rewards® points with this credit card?
A2: You can earn Membership Rewards® points by making eligible purchases with your American Express Membership Rewards® Credit Card. Points are typically earned based on the dollar amount of your purchases, and bonus points may be awarded for specific spending categories or promotions.

Q3: What can I redeem Membership Rewards® points for?
A3: Membership Rewards® points can be redeemed for a wide range of rewards, including travel bookings, statement credits, gift cards, merchandise, and more. The redemption options may vary, and cardholders can choose the reward that best suits their preferences.

Q4: Are there any annual fees associated with the American Express Membership Rewards® Credit Card?
A4: The yearly charges can differ, so it’s crucial to carefully examine the terms and conditions provided with each credit card offer. Certain cards might entail an annual fee, whereas others could grant a waiver for the initial year or feature no annual fee whatsoever.

Q5: How can I check my Membership Rewards® points balance?
A5: Cardholders can check their Membership Rewards® points balance by logging into their American Express online account or by contacting the customer service number on the back of their credit card. The balance may also be available on monthly statements.

Q6: Is there a limit to the number of Membership Rewards® points I can earn?
A6: Membership Rewards® points can have restrictions or limits on how much you can earn, as detailed in your credit card’s terms and conditions. Make sure to check your credit card agreement for specifics on any earning limitations.

Q7: Can Membership Rewards® points expire?
A7: The lifespan of Membership Rewards® points hinges on the conditions tied to each credit card. Certain cards allow points to stay valid indefinitely, whereas others impose a deadline by which points must be used. Refer to the terms and conditions for precise information.

Q8: Does this credit card entail any charges for transactions made abroad?
A8: Different credit cards may have different foreign transaction fees. It’s crucial to carefully examine the terms and conditions of the American Express Membership Rewards® Credit Card to understand if there are any foreign transaction fees and what their rates might entail.

Q9: How do I redeem my Membership Rewards® points for travel?
A9: Redemption for travel may involve logging into the Membership Rewards® portal, selecting eligible travel expenses, and using points to cover all or part of the cost. Specific instructions for travel redemptions can be found on the American Express website or by contacting customer service.

Q10: What additional benefits does the American Express Membership Rewards® Credit Card offer?
A10: The card might offer extra perks like travel insurance, purchase protection, and exclusive event access. It’s important for cardholders to thoroughly check the credit card terms and benefits guide to understand the specific advantages linked to their card.