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    The American Express Membership Rewards Credit Card

    Card
    1st Year Fee
    Rewards
    Joining Perks
    1000
    Response Time Within 30 minutes
    Instant Decision

    The American Express Membership Rewards Credit Card

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Credit Card BYTES FROM OUR KITCHEN

    If you want a credit card with an amazing rewards programme, then you should check out The American Express Membership Rewards Card. The rewards can be redeemed to avail attractive gifts and benefits.

    Key Points:

    • Bonus Membership Rewards Points.
    • 5,000 Membership Rewards Points on card renewal.
    • Redeem points for 24 carat and 18 carat Gold Collection.
    • Exclusive offers on travel and dining.

    Benefits:

    • Earn Bonus Membership Rewards Points worth 4,000 when you use your American Express Membership Rewards Card thrice within the initial 60 days of receiving it and once the annual fee is paid.
    • Every time you spend Rs.50 with your card, you will receive 1 Membership Rewards Point, except for fuel, utilities, insurance and cash transactions.
    • Get 1,000 Bonus points when you use your American Express Membership Rewards Card 4 times for making transactions of at least Rs.1,000 per month.
    • Get 5,000 points when you renew your card at the end of first year, once the annual fee is paid.
    • Enjoy privileges when you make travel bookings on MakeMyTrip using this card.

    Note: 5,000 points will be credited to your account within 90 days of card renewal upon payment of annual fee.

    Features:

    • American Express Membership Rewards Card holders can redeem their Membership Reward Points for electronics, air miles, air tickets, hotel offers, shopping offers, dining offers, etc. You can also accumulate your points to get the Gold Collection.
      • For 24,000 points, you can get the 24 carat Gold Collection that includes a gift card from Good Earth worth Rs.13,000, a holiday voucher from MakeMyTrip and Rs.10,000 worth Statement Credit.
      • For 18,000 points, you can get the 18 carat Gold Collection that includes a voucher from Tanishq, Citizen Eco-Drive watch, Rs.7500 worth Statement Credit and Luxury stay at WelcomHeritage.
    • Cardholders can choose to convert their transactions into monthly instalments easily by using the card’s Pay-in-Parts feature.
    • Cardholders can enjoy a discount of up to 30% and additional cashback worth 5% at more than 1200 restaurants when they book a table using Dineout.
    • American Express Membership Rewards Cardholders will avail up to 20% at selected restaurants.
    • American Express offers 24x7 assistance to the owners of their Membership Rewards Card.
    • Cardholders can avail up to 2 supplementary cards for free.

    Eligibility Criteria:

    • The applicant must be a resident of India.
    • Applicants should be a minimum of 18 years old.
    • The minimum annual income of the applicant has to be Rs.6 Lakhs. The income requirement is the same for both salaried and self-employed people.
    • Applicants must have a good credit history.
    • Applicants should not have a history of default payments.

    At present, this card is issued to people staying in Delhi (NCR), Bangalore, Mumbai, Pune, Chennai, Jaipur, Hyderabad, Coimbatore, Indore, Ahmedabad, Chandigarh, Vadodara and Surat.

    Fees and Charges:

    Type of Fees and Charges Amount
    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 Rs.500
    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
    Fuel Surcharge 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)

    The above mentioned rates/fees and charges can be changed at any time at the bank’s discretion.

    How to apply for the American Express Membership Rewards Credit Card?

    You can instantly apply for the card online by visiting BankBazaar.com. On the website, access the credit cards section, look for American Express Credit Cards and then select this card. After that, fill in your personal details and click “Apply” to instantly apply for the card.

    FAQs:

    1. Does The American Express Membership Rewards Card offer emergency card replacement facility?

    Yes, The American Express Membership Rewards Card offers emergency card replacement facility.

    1. I have lost my American Express Membership Rewards Card. What do I do?

    If you have lost your American Express Membership Rewards Card, you should report about the loss immediately to American Express. Also, inform the police and get a copy of the FIR. Send the FIR to American Express along with a detailed report about the incident. The company will replace your card, which you can use after that. The company will cover the cost of any fraudulent transactions that were made using your card after you reported the loss.

    1. Will I earn Membership Rewards Points on the amount that I spend on fuel using my American Express Membership Rewards Card?

    No, you will not earn Membership Rewards Points on the amount that you spend on fuel using your American Express Membership Rewards Card.

    1. How can I pay the bill of my American Express Membership Rewards Card?

    You can pay the bill of your American Express Membership Rewards Card in one of the following ways:

    • NEFT.
    • Direct Debit Facility.
    • Electronic Bill Payment Facility.
    • Cheque or Draft.
  • Where can I get more details about The American Express Membership Rewards Card?
  • You can get more details about The American Express Membership Rewards Card from the website of American Express. You can also contact on the customer care number to get the required information.

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