American Express Membership Rewards Credit Card
American Express · Points/miles card · ₹4,500 annual fee
Fees & benefits
| Annual fee | ₹4,500 + GST — waived at ₹1,50,000/yr spend |
| Welcome benefit | ~₹1,200 value |
| Airport lounges | None |
| No rewards on | fuel, utility, insurance, rent, wallet, government, emi |
Reward rates (with caps — the part that actually matters)
| Rule | Effective rate | Monthly cap | Applies to |
|---|---|---|---|
| 1 MR point per ₹50 | 0.6% | Uncapped | all eligible spend |
Milestones
Monthly milestone bonus MR (annualized proxy): ₹7,200 at ₹1,00,000/yr spend
What it's worth at your spend
Net annual value on a typical Indian urban spend mix (shopping-heavy, incl. groceries, dining, fuel, travel, bills), after caps and fees. Rank is out of all 50 cards we track.
Caveats & recent changes
Lifecycle reviewed 2026-07-16: independent verification could not surface an Apply CTA for this exact card (a weak, inference-from-absence signal), but the product owner confirmed it remains open to new applicants — kept ACTIVE. Do not auto-change status on CTA absence alone.
Monthly milestones: 1,000 bonus MR for 4 transactions of ₹1,500+, plus 1,000 bonus MR for ₹20,000+ monthly spend. The ₹7,200/yr proxy assumes BOTH are met every month (aggressive); actual value is lower at low spend.
1 MR point per ₹50; fuel, insurance, utilities, cash and EMI are excluded from earning.
First-year fee ₹1,000, renewal ₹4,500; renewal 100% waived at ₹1.5L annual spend (50% at ₹90k–₹1.5L).
MR value (₹0.30) assumes Reward Multiplier/Gold Collection redemptions; Amex acceptance is limited outside large cities.
Verified 2026-07-13 against official issuer sources (agent verification pass; manual human review unavailable).
Quick answers
Is the American Express Membership Rewards Credit Card lifetime free?
No, the annual fee is ₹4,500 (plus GST), waived on spending ₹1,50,000 a year.
What is the highest reward rate on the American Express Membership Rewards Credit Card?
0.6% — 1 MR point per ₹50. Effective value depends on monthly caps; see the caveats on this page.
Does the American Express Membership Rewards Credit Card give airport lounge access?
No, the American Express Membership Rewards Credit Card does not include airport lounge access.
Where the American Express Membership Rewards Credit Card fits
Ranks in our: Credit cards for grocery spend (#2), Credit cards for online shopping (#3), Credit cards for dining and food delivery (#3).
Compare it: American Express Membership Rewards Credit Card vs Swiggy HDFC Bank Credit Card · American Express Membership Rewards Credit Card vs CASHBACK SBI Card · American Express Membership Rewards Credit Card vs HSBC Live+ Credit Card · American Express Membership Rewards Credit Card vs SBI Card PRIME.
Best cards by spend: ₹15,000/month · ₹30,000/month · ₹60,000/month. Check if this card's fee is worth it.