American Express Membership Rewards Credit Card
American Express Membership Rewards Credit Card
4,000 Bonus Membership Reward Points as a welcome benefit.
1 Membership Reward Point per ₹ 50 spent.
2X Membership Rewards on all spends through Rewards Multiplier portal.
Personalized Match by CredHunt • credhunt.com
4,000 Bonus Membership Reward Points as a welcome benefit. 1 Membership Reward Point per ₹ 50 spent. 2X Membership Rewards on all spends through 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 1% waiver on fuel surcharge at all HPCL fuel stations Get special dining discounts up to 20% off
Joining Fee
₹1000
Annual Fee
₹4500
Rating
5.0/5.0(0 reviews)
Key Features
4,000 Bonus Membership Reward Points as a welcome benefit.
1 Membership Reward Point per ₹ 50 spent.
2X Membership Rewards on all spends through 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
1% waiver on fuel surcharge at all HPCL fuel stations
Get special dining discounts up to 20% off
Rewards Program
Base Rewards
Reward Type
Cashback/Reward Points
Base Reward Rate
Earn 1 membership reward point per ₹ 50 spent excluding fuel transactions, Utility bill payments, insurance, and cash transactions
Point Value
1 EDGE Point = ₹0.25-1 (depending on redemption option)
Points Expiry
3 years from date of accrual
Bonus Rewards
Welcome Offer
4,000 Bonus Membership Reward Points as a welcome benefit. 1 Membership Reward Point per ₹ 50 spent. 2X Membership Rewards on all spends through 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 1% waiver on fuel surcharge at all HPCL fuel stations Get special dining discounts up to 20% off
Accelerated Rewards
10X Membership Rewards Points on spends with BookMyShow, Zomato and PVR Cinemas.
Card Benefits
Travel Benefits
2 Domestic Lounge Access Every Quarter (8 Each Year)
10X Reward Points on spends on Uber (max cap of 500 Points)
Dining & Entertainment
Enjoy special dining discounts up to 20% off using your American Express Reward credit card at select restaurants
BookMyShow Vouchers Worth ₹ 1,000 on Achieving Monthly Spends and Complimentary Membership of EazyDiner Prime
Lifestyle & Protection
Exclusive lifestyle offers and privileges at luxury retail outlets with personalized shopping assistance.
Zero cost liability if loss of card reported within 3 working days, post which max liability of the cardholder limited to ₹ 1,000.
2 complimentary rounds of golf per month at 32 premium golf destinations in India with a 100% waiver on the green fee.
Fees & Charges
| Fee Type | Amount |
|---|---|
| Joining Fee | N/A |
| Annual Fee | N/A |
| Add-on Card Fee | 1500 |
| Foreign Currency Markup | 3.5% on the conversion amount |
| Cash Advance Fee | 2.5% of the amount withdrawn subject to a minimum amount of ₹ 250 |
| APR | 3.5% per month |
| Late Payment Fee | Nil for balances up to ₹100; ₹100 for balances from ₹101-₹500; ₹500 for balances from ₹501-₹1000; ₹750 for balances above ₹1000 |
| Fuel Surcharge | You get 0%waiver on fuel convenience fee at HPCL fuel stations on fuel transactions below ₹ 5,000. You get a 1% waiver on the fuel convenience fee at all fuel stations across India. |
| Balance Transfer Charges | 1.5% of transferred amount (minimum ₹250) |
Additional Charges
Statement & Processing
Duplicate Statement Charges
₹100 per statement
Dynamic Currency Conversion Fee
0.035
EMI Charges
Processing fee of ₹99 + GST for EMI conversion
Loan Processing Fee
1% of loan amount (min ₹250) for processing; 3% of principal outstanding for preclosure
Outstation Processing Charge
₹50 for cheques up to ₹5,000; ₹100 for cheques above ₹5,000
Additional Fees
Overlimit Fees
2.5% of the overlimit amount (minimum ₹500)
Payment Return Charges
₹250 per Returned Instrument
Railway Ticket Purchase Fee
₹30 + GST per ticket purchased via IRCTC
Card Reissue Fee
₹100 for card replacement
Rent Pay Transactions
1% of transaction amount
Rewards Redemption Fee
₹ 250 per redemption request
Fee Waiver Conditions
A spend-based waiver on a renewal fee of ₹ 4,500 on annual spending of ₹ 1,50,000. Get 50 percent waiver on the renewal fee on annual spending between ₹ 90,000 to 1,49,999
Eligibility & Documents
Eligibility Criteria
Minimum Income
N/A
Minimum Age
N/A
Required Documents
Redeem your membership reward points accrued with American Express 18 and 24 Karat Gold Collection
Expert Opinion
Pros Membership Reward Points do not expire. There are no reward points earned on transactions made for fuel and utilities. Cons This card is exclusively available to residents of specific cities (Delhi/NCR, Mumbai, Bangalore, Chennai, Pune, Hyderabad, Jaipur, Indore, Coimbatore, Chandigarh, Ahmedabad, Surat, Vadodara, Lucknow, Ludhiana, Nagpur, Nasik, Trivandrum and Mysuru).
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