|American Express Membership Rewards Credit Card Fees and Charges
|Type of Fees and Charges
|Fee for the first year
||Rs.1,000 + Tax
|Fee from the second year
||Rs.4,500 + Tax
|Finance charges for cash and balance transfer, goods and services
||3.5% per month
|Cash advance fee
||3.5% of the amount (Minimum – Rs.250)
|Fee for duplicate statement
||Rs.100 for each statement that a minimum of 3 months old
|Fee for ECS/Cheque/NACH return
||Rs.250 for each return
|Over limit fee
|Summary of fee for charge retrieval or record of charge
||Rs.100 for each retrieval
|Surcharge on railway tickets
||1.8% of the booking amount (if using IRCTC website to book). Minimum – Rs.10
||2.5% of the transacted amount (except at HPCL stations). At HPCL Stations, the following rates will apply:
- 0% for transactions that are below or equal to Rs.25,000.
- 0.3% for transactions that are above Rs.25,000.
|Fee for miles or points reinstatement
||Rs.200 for each reinstatement
|Convenience fee for payment gas, electricity and water bills
||It is applicable if payments are made through American Express EPAY or Billdesk standing instructions.
- Rs.50 for each transaction of up to Rs.15,000.
- Rs.100 for each transaction ranging from Rs.15,001 to Rs.1,00,000.
- 1.95% for each transaction that is more than Rs.1,00,000.
|Fee for transactions made in foreign currency
||Currency conversion factor assessment – 3.5%
|Interest free credit period
||Up to 52 days
|Late payment charge
||30% of the minimum due amount (Minimum – Rs.500, Maximum – Rs.1,000)
|Minimum amount due
||5% of the pending account (Minimum – Rs.100)