American Express Membership Rewards Credit Card
A flexible everyday card from Amex India built around the Membership Rewards points currency. Hit two simple monthly spend milestones and you collect bonus points worth far more than the fee, redeemable across a wide catalogue and gift vouchers. American Express has temporarily paused new card applications in India, per its website.
Why it ranks
- Excellent value when you meet the monthly milestones
- Renewal fee waived in full on ₹1.5 lakh annual spend
- Strong Amex customer service and offers
- Flexible redemption across vouchers and catalogue
What holds it back
- No airport lounge access
- Amex acceptance is limited at smaller merchants
- Value depends on consistently hitting milestones
Advertiser disclosure: we may be paid if you apply through our links. Ratings are editorial. Confirm today's terms on the issuer's site — offers change.
A flexible everyday card from Amex India built around the Membership Rewards points currency. Hit two simple monthly spend milestones and you collect bonus points worth far more than the fee, redeemable across a wide catalogue and gift vouchers. American Express has temporarily paused new card applications in India, per its website.
American Express Membership Rewards Credit Card at a glance
| Issuer | American Express |
| Card network | Amex |
| Annual fee | ₹4,500 + taxes from the second year (waived on ₹1.5 lakh spend, 50% off on ₹90,000 to ₹1,49,999); ₹1,000 + taxes in the first year |
| Welcome bonus | 4,000 Membership Rewards points on spending Rs.15,000 in 90 days |
| Rewards rate | Around 1 point per Rs.50, boosted by milestones |
| Intro APR | N/A |
| Regular APR | Around 42% per annum (3.5% per month) |
| Foreign transaction fee | 3.5% markup on foreign currency transactions |
| Credit needed | Good to Excellent |
| Best for | Disciplined spenders who hit monthly milestones for bonus points |
| Airport lounge access | No |
Rewards & benefits
- 1 Membership Rewards point for every Rs.50 spent
- 1,000 bonus points in total for 4 transactions of ₹1,500 or more in a calendar month
- Extra 1,000 bonus points on monthly spend of Rs.20,000+
- 18-for-18 program and gift voucher redemptions
- Welcome bonus of 4,000 points on early spends
Eligibility & who it suits
- Indian resident aged 18 and above
- Good credit history with CIBIL score 750+ recommended
- Annual income of ₹4.5 lakh (employed) or ₹6 lakh (self-employed), in the cities Amex lists
- Valid PAN, address proof and KYC documents
How to apply
Check current rates on American Express’s official site →
This opens the issuer’s official application page in a new tab. We may earn a commission if you are approved — it never changes the terms you receive.
Rates, fees, welcome offers and benefits are provided for general information, can change at any time, and may not reflect current terms. Always confirm the latest details on the issuer’s official site before applying. This is not financial advice.
How it ranks against similar India cards
| Rank | Card | Annual fee | Rewards | Welcome offer | Foreign fee | Who qualifies | Score |
|---|---|---|---|---|---|---|---|
| 1 | AEAmerican ExpressMembership Rewards₹4,500/yr · IN American Express Membership Rewards Credit CardDisciplined spenders who hit monthly milestones for bonus points |
₹4,500/yr | Around 1 point per Rs.50, boosted by milestones | 4,000 Membership Rewards points on spending Rs.15,000 in 90… | 3.5% markup on foreign cur… | Good to Excellent | |
| 2 | AAxis BankPrivilegeNo annual fee · IN Axis Bank Privilege Credit CardMid-level spenders who want EDGE points, a milestone bonus and domestic lounges |
None | 10 EDGE REWARD points per ₹200 spent in India or abroad; 10,000 bonus points (wo… | 12,500 EDGE REWARD points (worth ₹2,500) only when a joining… | 3.5% of the transaction va… | Age 18 to 70, Indian resident; i… | |
| 3 | SSBI CardSBI SimplySAVE₹499/yr · IN SBI SimplySAVE Credit CardEveryday spenders who want simple rewards on essentials |
₹499/yr | Around 2.5% on bonus categories, 0.25% base | 2,000 bonus Reward Points on spending Rs.2,000 in 60 days | 3.5% markup on foreign cur… | Fair to Good | |
| 4 | IICICI BankCoral₹500/yr · IN ICICI Bank Coral Credit CardNew cardholders wanting dining, movie and starter lounge perks |
₹500/yr | Around 0.5% base, higher with offers | Activation benefits and offers (varies by channel) | 3.5% markup on foreign cur… | Fair to Good |
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