American Express Membership Rewards Credit Card Review

American Express is one of the most premium credit card providers in the World; their cards are packed with usefulness and benefits, which is not an exception for the american express membership rewards credit card. Making your everyday expenses much more beneficial, this card offers reward points on every transaction and the yearly renewal of the card, fuel surcharge waiver, annual fee waiver option, EMI payment option, etc.

In fact, it is the dream card for those who want to earn reward points. Now let’s discuss the american express membership rewards credit card benefits in detail and see if they can justify the Rs. 4,500 annual fee or not?

What are the amex credit card eligibility criteria?

  • Resident Type: Indian
  • Amex credit card eligibility criteria for salaried person:
    • Age: The age of the applicant should be over 18 years.  
    • Income: The average income of the applicant should be greater than Rs. 6 lakh per year. 
  • American express card eligibility criteria for self-employed person:
    • Age: The age of the applicant should be over 18 years. 
    • Income: The average income of the applicant should be greater than Rs. 6 lakh per year. 
  • An excellent credit score (above 780) is needed to apply for this amex rewards card.
  • The membership rewards american express card is currently available in Delhi, Mumbai, Jaipur, Hyderabad, Pune, Chennai, Bangalore, Ahmadabad, Chandigarh, Coimbatore, Indore, Surat, Lucknow, Ludhiana, Vadodara, Nasik, Trivandrum, etc. 

What documents are required to apply for the american express membership rewards® credit card?

  • Photocopy of Address proof (any 1)
    • Last 6 months bank account Statement
    • Aadhar Card
    • Driving License
    • Passport
    • Utility bills
  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Two recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Salary Slip of last 3 months
      • ITR (Income Tax Return)
    • Self-employed person
      • Income tax return of the last year
      • Proof of business

What are the american express membership rewards® credit card fees?

  • American express membership rewards credit card joining fee: Rs. 1,000 + GST 
  • American express membership rewards credit card annual fee: Rs. 4,500 + GST 

What are the american express membership rewards card benefits: 

  • A huge welcome bonus to make a wonderful start for you:

With the issuance of the card, you will be welcomed with 4,000 amex membership rewards points. The bonus points will be credited to your account with the realization of the first year’s joining fee. 

  • Get rewarded for every transaction you make:

Under the american express membership rewards program, you will be rewarded for every transaction you make using this card. You will get 1 amex credit card membership reward point for each Rs. 50 transaction. You will not get any amex rewards for fuel and insurance premium payments, fund transfers, utility bill payments, and EMI conversion. 

  • Exchange your rewards against the 24/18 carat gold collections:

You can exchange the american express membership rewards for gift vouchers under the 24/18 carat gold collection scheme. The details are given below. 

The amex 24 carat gold collection

Vouchers (any one of them)

Required Amex reward points

Tanishq gift voucher worth Rs. 10,000

24,000 amex reward points are required to get one of these vouchers.  

Rs. 9,000 statement credit. 

Rs. 14,000 Taj voucher. 

18-carat amex gold collection

Vouchers (any one of them)

Required Amex rewards

A Taj Voucher of Rs. 9,000

18,000 amex rewards points are required to get one of these vouchers. 

Rs. 6,000 statement credit. 

An Rs. 7,000 Amazon gift voucher.  

Click here to find the latest amex points redemption offers.

  • Experience exclusive deals on dining expenses:

This american express membership rewards® credit card offers you exclusive benefits on dining at premium restaurants. You will enjoy up to a 20% discount on your dining bills. This Amex rewards credit card offer is applicable to most of the frontline restaurants in India

  • Earn extra benefits from milestone spending:

You can also earn some extra benefits from your card, the details of the american express membership rewards credit card milestone reward scheme are illustrated in the table below. 

Category of transaction

Benefit

On spending Rs. 20,000 + within a month. 

1,000 amex membership rewards 

On performing 4 successful transactions (Rs. 15,000+ each) in a month 

1,000 amex membership rewards points

On the payment of the first year’s membership fee 

5,000 membership rewards. The bonus points will be credited to your account within 90 days of card renewal 

On spending Rs. 1,50,000 or more within a year. 

You will get a 100% waiver on your next year’s american express credit card annual fee

If the annual credit card usage is between Rs. 90,000 to Rs. 1,49,999. 

You will get a 50% waiver on your next year’s amex credit card annual fee.

  • Make repayment easier with the low-cost EMI option:

The american express membership rewards credit card offers you to split your high-value transactions into small monthly installments and pay them back more easily. You can convert your purchase into EMI using the american express credit card net banking account

  • Complimentary lost card liability coverage to stand for you:

Your Amex card account is protected with the lost card liability coverage protection. That means if your amex membership rewards credit card ever gets lost or stolen, you just have to report the loss by calling the american express rewards card customer service number and you will not be liable for anything bad that may happen to your Amex membership card account. 

  • Pay more conveniently with the advanced contactless payment option:

This amex reward card is equipped with the advanced contactless payment option. This credit card feature allows you to make payment by tapping your Amex rewards card over any POS machine that accepts contactless payment. You can control the contactless payment option using the amex netbanking account or amex mobile app

What are the american express credit card charges?

Particulars

Payable amount

American express credit card cash withdrawal charges

3.5% against the withdrawn amount (Min Rs. 250). Check your american express credit card limit before making a withdrawal

American express card finance charges

The amex credit card interest rate can go up to 3.5% monthly

Amex credit card international transaction charges

3.50% against the transaction amount

American express supplementary card fee

Rs. 1,500 yearly

How to contact the amex card customer service department?

  • Call the american express membership rewards customer service number: 1800-419-1222 (Toll-free) or 0124-280-1222
  • Write to the american express credit card mail id: customerservicesindia@aexp.com 

100xGain Ratings: 

7/10

What are the pros and cons of the amex membership rewards credit card:

Pros

Cons

  • You will get a complete waiver on fuel surcharges.
  • This amex credit card offers a massive discount on dining expenses.
  • The rate of earning american express membership rewards is not that great.
  • This american express credit card doesn’t have any movie benefits.

Final Opinion:

As said before this Amex membership rewards credit card is ideal for earning reward points, truly it offers unmatched reward benefits. The reward earning rate is also very good and this card allows you to exchange your Amex credit card points for a 24/18 carat american express gold collection which is extremely useful.

But compared to the benefits, the annual fee seems to be quite higher, and it does not have benefits like free lounge access, or movie tickets. So if just want to earn reward points then I would suggest you take a look at the 100xGain top 16 rewards card page. You can also compare the alternative card options given below. 

Alternative of American Express Membership Rewards Credit Card: 

  1. American express® gold credit card (Best for reward points and dining benefits) 
  2. ICICI platinum chip credit card (Best for reward points and dining benefits) 
  3. RBL world max supercard (Best for lounge access and dining benefits)
  4. Standard chartered emirates world credit card (Best for reward points and lounge access benefits)

2 thoughts on “American Express Membership Rewards Credit Card Review”

Leave a Reply

Share via
Copy link
Powered by Social Snap
%d bloggers like this: