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Last updated: 15 October 2026
Free to apply via CardsGuruji · subject to issuer approval
What you earn on every spend, and the ways you can cash it in.
You earn
1 MR Point per ₹50 spent
Earn 1 MR Point for every ₹50 spent on all categories except fuel, insurance, utilities, and EMI conversions. Earn 2X MR Points on the Amex Reward Multiplier portal. Points never expire.
Redeem for
The privileges that come bundled in, beyond the reward points.
Monthly Milestone 1: Earn 1,000 Bonus MR Points by using your card 4 times for transactions of ₹1,500 or above in a calendar month
Monthly Milestone 2: Earn an additional 1,000 Bonus MR Points on spending ₹20,000 or more in a calendar month
Renewal Benefit: Earn 5,000 MR Points upon first-year card renewal on payment of the annual fee
Annual fee of ₹4,500 is completely waived upon spending ₹1,50,000 or more in the previous anniversary year
0% convenience fee on fuel purchases less than ₹5,000 at HPCL Petrol Pumps
Up to 20% discount on dining at select premium restaurants across India
An honest read on where this card earns its keep — and where it doesn't.
Excellent double monthly milestones (up to 2,000 bonus points each month) yield a fantastic return rate for modest spenders
Access to the 18K and 24K Gold Collections offers outsized voucher value for brands like Taj
Amazon, and Tata CLiQ
Membership Rewards (MR) Points never expire
Reasonable 100% fee waiver target of ₹1.5 Lakhs annually
The 50% partial fee waiver (previously achieved on ₹90,000 spend) was discontinued in October 2026
High annual renewal fee of ₹4,500 + taxes if the ₹1.5 Lakh waiver target is missed
Base reward rate is very low if the monthly milestone targets are not actively tracked and met
No complimentary domestic or international airport lounge access
Everything the issuer can bill you for, in one place.
Applied only when the situation arises
Charged on any balance you carry forward
Fee waiver: most issuers waive the renewal fee once your yearly spends cross a set threshold. Confirm the exact criteria with American Express before you apply.
Issuer-stated requirements and CardsGuruji guidance are shown separately.
Note: A displayed score is editorial guidance only unless separately identified as an issuer-stated requirement.
See how American Express Membership Rewards stacks up against competing cards on reward rates, annual charges, and milestone perks.
Use our customizable comparison tool to benchmark fees, lounge access, and rewards.
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Everything you need to know about American Express Membership Rewards fees, reward conversion, lounge access, and application eligibility.
American Express Membership Rewards has an annual fee of ₹4,500 plus 18% GST. Most cardholders can get subsequent annual renewal fees waived by reaching the bank's annual milestone spend threshold. Additionally, the initial fee is often offset by welcome privileges like "4,000 Bonus Membership Rewards® Points on the payment of the ₹1,000 joining fee and spending ₹15,000 within the first 90 days.".
American Express Membership Rewards earns Membership Rewards (MR) Points at a primary rate of 1 MR Point per ₹50 spent. Specifically, Earn 1 MR Point for every ₹50 spent on all categories except fuel, insurance, utilities, and EMI conversions. Earn 2X MR Points on the Amex Reward Multiplier portal. Points never expire.. Spends in Rewards, Shopping categories provide the maximum valueback per transaction on this card.
Rewards earned on American Express Membership Rewards can be redeemed for Amex Gold Collection (18K/24K points for premium Taj, Amazon, Flipkart, or Shoppers Stop vouchers), Air Miles & Hotel Loyalty Programs, Pay with Points (Statement Credit) via American Express's official rewards portal or mobile banking app. Points typically carry a multi-year validity period, though regular redemption against high-value vouchers or statement balances is advised.
A CIBIL credit score of 750 or above is strongly recommended for approval of American Express Membership Rewards. Applicants should be Indian residents aged 21 to 65 years with a stable monthly income (salaried or self-employed with ITR) and no recent payment defaults or high credit utilization over 30%.
American Express Membership Rewards is issued on the American Express network with worldwide acceptance at over 30 million merchant establishments and online portals. International transactions, contactless tap-to-pay (up to ₹5,000 without PIN), and tokenized payments are supported once enabled in your banking app.
American Express Membership Rewards levies a forex markup fee of 3.5% + GST on transactions processed in foreign currencies. For cross-border shopping and overseas travel, remember that standard 18% GST applies on the markup charge.
American Express Membership Rewards currently features a welcome offer: "4,000 Bonus Membership Rewards® Points on the payment of the ₹1,000 joining fee and spending ₹15,000 within the first 90 days.". To claim this joining perk, cardholders typically need to activate the card and complete a qualifying initial transaction within 30 to 60 days of card issuance.
Key highlights include Excellent double monthly milestones (up to 2 and 000 bonus points each month) yield a fantastic return rate for modest spenders. However, keep in mind that The 50% partial fee waiver (previously achieved on ₹90 and 000 spend) was discontinued in October 2026. Overall, American Express Membership Rewards delivers strong value if your regular spending aligns with Rewards, Shopping.
American Express Membership Rewards is focused on Rewards and Shopping valueback and does not include unconditional complimentary airport lounge visits as a core benefit. If lounge access is a deciding factor for your travels, consider pairing this with a dedicated premium travel credit card.
Yes, American Express Membership Rewards includes a 1% fuel surcharge waiver for fuel spends typically between ₹400 and ₹4,000 at all government and private fuel stations in India. (0% convenience fee on fuel purchases less than ₹5). The monthly waiver is subject to a cap, and GST charged on the surcharge is non-refundable.
