American Express Membership Rewards Credit Card

Joining fee

₹1,000 + GST

Annual fee

₹4,500 + GST₹4,500 plus applicable taxes (Second Year onwards)

Fee waiver rule

Renewal fee of ₹4500 100% waived off if total spends in the immediately preceding membership year is ₹1,50,000 and above; 50% waived off if ₹90,000 to ₹1,49,999

Add-on card fee

Up to 2 Supplementary Cards at no extra cost; ₹1,500 for each Supplementary Card thereon

Welcome benefit

Welcome Gift of 4,000 Bonus Membership Rewards® Points.

Reward rate

1 Membership Rewards Point per ₹50 · everyday spends1 Membership Rewards Point for every ₹50 spent (except spend on fuel, insurance, utilities, cash transactions and EMI conversion at point of sale)

EMI spend earning

You will not earn Membership Rewards Points on any EMI option selected from a merchant’s website e.g.

Fuel earning

You will not earn Membership Rewards Points on fuel.

Insurance spend earning

You will not earn Membership Rewards Points on your American Express Card for all your spending on fuel, insurance and utility (electricity, water and gas bills) payments.

Utilities earning

You will not earn Membership Rewards Points on utility (electricity, water and gas bills) payments.

Reward exclusions

Fuel, Insurance, Utilities, Cash Transactions and EMI conversion at Point of Sale.

Award examples

18,000 MR points / 18 Karat Gold Collection: Taj voucher worth ₹9,000; Amazon voucher worth ₹6,000 (you can choose any of them)

Catalogue redemption

24,000 MR points / 24 Karat Gold Collection: Taj voucher worth ₹14,000; Amazon voucher worth ₹8,000 (you can choose any of them)

Point expiry

Membership Rewards Points on the FTO tier never expire.

Dining programme

Up to 20% discount at select restaurants

Milestone benefits

1,000 Bonus Membership Rewards Points for using your card 4 times on transactions of ₹1,500 or above in a calendar month; an additional 1,000 Membership Rewards points by spending ₹20,000 or more in a calendar month (enrollment based)

Renewal benefit

5,000 Membership Rewards Points on First Year Card Renewal on payment of annual membership fee, credited within 90 days of renewal

Retention or continued-access criteria

In case of non-use i.e. no activity / transaction on the Card during the preceding one year, AEBC will close the concerned Card (s) and linked Supplementary Card (s)

Minimum spend rules

Welcome Gift of 4,000 Membership Rewards Points will be applicable on payment of joining fee and on spending ₹15,000 within first 90 days of Cardmembership

Fuel surcharge waiver

0% Convenience fee on fuel purchase at HPCL for transactions less than ₹5,000; 1% Convenience fee for transactions of ₹5,000 and above, per transaction.

Surcharge on railway tickets

1.8% of the transaction value if booked on the internet (IRCTC) subject to a minimum of ₹10

Credit shield cover

Waiver of outstanding up to ₹50,000 on the Card in case of death of the Basic Cardmember

Lost card liability

Zero lost Card liability

Purchase to EMI conversion

Convert your spends into easy monthly instalments with the American Express EMI.

Forex markup

3.5% on foreign currency transactions.

Cash advance fee

3.5% of the Cash Advance Amount, subject to a minimum of ₹250

Cash advance interest

3.5% Monthly, 42% Annually

Cash withdrawal limit

Up to USD 333 or its equivalent, or 20% of credit limit, whichever is lower, every 14 days; cash withdrawal services temporarily suspended in India

Interest on unpaid balance

Finance Charges For Goods & Services, Cash & Balance Transfer: 3.5% Monthly, 42% Annually.

Interest-free period

Up to 48 days free credit without any Interest Charges

Late payment fee

30% of Minimum Amount Due subject to minimum of ₹500 and maximum of ₹1,000, plus applicable taxes

Payment return or dishonour fee

₹250 per Returned Instrument

Statement or duplicate statement fee

₹100 per statement for statements older than 3 months.

Fuel transaction fee

1% of the transaction value subject to a minimum of ₹10 at BPCL and IOCL fuel stations; 2.5% at fuel stations of all other Oil Marketing Companies

GST note

Charges are exclusive of the applicable tax which is billed along with the fee

Minimum amount due

Sum of 5% of the principal amount or minimum of ₹100 whichever is greater and the total sum of any Card Fees, Charges, Taxes and Interest

Address the applicant must have

Current/permanent residential address in India.

Bank account the applicant must hold

Indian or multinational bank’s savings or current account in India.

Cities the card is issued in

American Express Cards are currently issued to residents of Delhi/NCR, Mumbai, Bangalore, Chennai, Pune, Hyderabad, Jaipur, Indore, Coimbatore, Chandigarh, Ahmedabad, Surat, Vadodra, Lucknow, Ludhiana, Nagpur, Nasik, Trivandrum and Mysuru subject to condition

Credit history the applicant must have

Good credit history and no payment defaults.

Income requirementIncome, salaried

Employed and have a Personal Annual Income of ₹4.5 lakhs and above.

Income, self-employed

Personal Annual Income of ₹6 Lakhs and above (Self Employed)

Minimum age

Over 18 years of age.

Residency

Resident Indian as defined under the Income Tax Act of India