CardAgent
Verified by CardAgent admin · last checked 08 Jul 2026
American Express

Amex Membership Rewards Credit Card

24
Ranked #142 of 170 in credit
creditAmexPlatinum

Amex's points-focused rewards card built around stackable monthly milestones and a high-value voucher redemption catalogue, though its base earn rate and lack of lounge access limit everyday value.

Score breakdown

Data completeness: 70% · Last verified: 09 Jul 2026

Reward value13/100 · weight 71%
≈ 0.60% effective on the standard basket (eligible spend only)
Wide-coverage rewards: +10.0% score bonus — earns broadly without narrow category restrictions.
No rewards on: utilities, insurance. Reward score is scaled by ×(1 − 0.9%), proportional to how much of the standard basket falls in these excluded categories (v4 formula, capped at −5%). Tip: pair with a card that covers these.
Fee efficiency66/100 · weight 12%
Redemption flexibility75/100 · weight 9%
Perks3/100 · weight 9%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee
₹1,000 + 18% GST
= ₹1,180 total
Annual fee
₹4,500 + 18% GST
= ₹5,310 / year total
Waiver: 100% renewal fee waiver on annual spend of Rs 1.5 lakh; 50% waiver on Rs 90,000-1.49 lakh spend
Forex markup
3.5%

Lounge access

Domestic (per year)
0
International (per year)
0

Reward structure

CategoryTypeRateCapNotes
all_spendspoints0.60%(2 pts @ ₹0.30)—1 MR pt/Rs 50; excludes fuel/insurance/utilities/EMI

Welcome offer

4,000 bonus Membership Rewards points on spending Rs 15,000 within 90 days, after joining fee payment

Milestone benefits

Pros

  • Strong monthly milestone stacking (up to 2,000 MR points/month achievable via 4x Rs 1,500 transactions + Rs 20,000 spend)
  • 5,000 point renewal bonus
  • flexible high-value voucher redemption (18/24 Karat Gold Collection)
  • good spend-based fee waiver structure

Cons

  • Low base reward rate (1 pt/Rs 50, ~2%)
  • no lounge access
  • high Year 2+ fee (Rs 4,500)
  • no rewards on fuel, insurance, utilities
  • redemption limited to vouchers/products, not flexible cash or travel transfers on this variant

What's inside

More benefits

  • Renewal bonus points

    ₹1,500

    5,000 MR points on first-year renewal fee payment

    Cap ₹1,500 / one-time. Credited within 90 days of renewal

Insurance cover

text
₹NaN

Eligibility

text
Age 18+, Indian resident in select cities; personal annual income Rs 6 lakh+; good credit history, savings/current account required

Small print

Fuel surcharge:Standard Amex terms; fuel excluded from rewards