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amexclassiccredit
American Express Membership Rewards Credit Card
American Express
shopping
Annual Fee
₹4,500
Joining Fee
₹1,000 + GST
Base Reward
2% points
Foreign Markup
3.5%
Fee Waiver
Full Annual Fee Waiver on Spends of ₹1,50,000
Interest Rate
3.5% per month
Welcome Benefits
4,000 Bonus Membership Reward Points on Spending of ₹15,000 Within the First 90 Days of Card Issuance
Product Highlights
- 4,000 Bonus Membership Reward Points as a welcome benefit.
- 1 Membership Rewards Point per ₹50 spent.
- 2X Membership Rewards on all spends through the Rewards Multiplier portal.
- 5,000 Membership Reward Points on paying the 1st-year renewal fee of ₹4,500.
Rewards
1 Membership Rewards Point per ₹50 spent, excluding fuel, utility, and insurance. Earn up to 2,000 Bonus MR Points on achieving monthly milestone spends.
Redemption
Redeem MR Points for Various Vouchers With the 18 and 24 Karat Gold Collection.
Category Rewards
| Category | Reward Rate | Monthly Cap |
|---|---|---|
shopping | 2%(2 Membership Rewards Points/₹50 Spent) | No cap |
Merchant-Specific Rewards
| Merchant | Reward | Context |
|---|---|---|
| Amazon | 1 Membership Rewards Point/₹50 Spent | online |
| Flipkart | 1 Membership Rewards Point/₹50 Spent | online |
Benefits & Features
Special Dining Discounts at Select Restaurants
Fees & Charges
Annual Fee₹4,500
Joining Fee₹1,000 + GST
Fee WaiverFull Annual Fee Waiver on Spends of ₹1,50,000
Foreign Markup3.5%
Interest Rate3.5% per month
Cash Advance3.5% of the Amount Withdrawn, Subject to a Minimum of ₹250
Eligibility
Min Age
18 years
Min Income (Salaried)
₹6,00,000
Min Income (Self-Employed)
₹6,00,000
Available Networks
amex
Pros & Cons
Pros
- Membership Reward Points do not expire.
- The reward rate on this card can be quite attractive, especially when transferring points to Marriott Bonvoy.
Cons
- No MR Points earned on transactions made for fuel and utilities.
- Exclusively available to residents of specific cities.
Additional Info
Important note 1
Note 2
Excluded Categories
fuelutilityinsurance
Partner Merchants
AmazonFlipkart