American Express Membership Reward Credit Card Review

American Express Membership Reward Card is specially designed to offer more reward points to the customers. . If you use this card smartly you can earn big reward points. The reward points can be redeemed against a 24 & 18 karat gold collection. Also, this card comes with several other features like reward points on annual fee payment, fuel surcharge waiver, EMI facility, and lots more.

American Express Membership Reward Card

Eligibility Criteria:

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 18 to 65 yrs. 
    • Income: Minimum ₹6 lakh annually. 
  • For self-employed person:
    • Age: 18 to 65 yrs. 
    • Income: The company or Business should be trading at least for 12 months. 
  • Good CIBIL Score (Above 750).

Required Documents:

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Latest salary slip, (3 months) 
      • ITR
    • Self-employed person
      • Latest Income tax return. 
      • Proof of business
      • Recently audited financial report. 

Fee:

  • Joining Fee: ₹1,000 + GST
  • Annual Fee: ₹4,500 + GST

Benefits:

  • Welcome benefit:

If you choose this card you will get 4,000 reward points as a welcome gift. You have to pay the joining fee in time and spend ₹2,000 within the first 60 days of the card issuance to claim this offer.

  • Reward benefit:

This card offers 1 reward point for each ₹ 50 transaction. (except on – Fuel, Insurance, Utility, and cash transactions)

You can redeem those reward points against gold collections. The schemes are like –

  • 24 Karat – 
  • ₹ 10,000 Tanishq Voucher.
  • ₹ 14,000 Taj Voucher. 
  • Statement Credit of ₹ 9,000.
  • 18 Karat – 
  • ₹ 9,000 Taj Voucher. 
  • Statement Credit of ₹ 6,000.
  • ₹ 7,000 Amazon Voucher. 
  • ₹ 7,000 travel vouchers (domestic). 
  • Dining:

This card offers up to a 20% discount on your dining bills at some of the selected restaurants in India including – Farzi Café, Made In Punjab, Bo-TAI, Radisson Hotel, The Biere Club, etc.

  • Fuel surcharge waiver:

This card offers a 0% convenience fee on fuel purchases. This offer applies only to HPCL petrol pumps. The transaction amount should be under ₹25,000. 

  • Lost card liability:

American express offers zero liability against lost or stolen cards. To get the maximum benefit of this offer you have to report the loss as soon as you notice it. 

  • Milestone benefit:

If you use your card at least 4 times a month, you will get a chance to win 1,000 reward points. 

Also with the payment of the first year’s annual fee, you will get 5,000 reward points.   

  • Annual fee waiver:

If you can spend ₹1,50,000 within a year then you will get a 100% waiver on the next year’s annual fee.  

Also if you can spend between ₹90,000 – ₹1,49,999 then you will get a 50% discount on next year’s annual fee.

  • Add-on facility:

You can share the awesome features of your cards with your loved ones. Just add your loved ones, (min age – 18+) with your card and they can also the features of a credit card.

  • EMI facility:

With this card, you can convert your high-value payments into EMI. This feature is very helpful for frequent shoppers. 

  •  Contactless payment:

This card comes with an advanced contactless payment facility. This feature is convenient and it also protects your card against skimming. 

  •  Global acceptance:

This card is globally accepted, you can use this card at any outlet or e-commerce site where the American Express cards are accepted.  

Charges:

  • Cash Withdrawal Charge: 3.5% against the amount, min ₹250. 
  • Finance Charge: 3.5% monthly. 
  • Foreign currency transaction: 3.50% against the transaction amount. 

Contact Details:

Call: 1800 419 1414 // 1800 419 5960

Mail: [email protected] 

100xGain Ratings: 4/10

Final Opinion:

If you want to earn reward points, this card can be the best option for you. It offers reward points on every transaction you made with this card. The best part is that the reward points can also be redeemed against the gold collection. You will also get up to a 20% discount on your dining bill, annual fee waiver option, and lots more. 

But this card does not feature benefits on lounge access or travel, so if you want benefits on these categories, then you should go for IndusInd Bank InterMiles Voyage Credit Card or American Express Platinum travel credit card. 

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