AMEX

Membership Rewards Credit Card

Good fit when rewards, fees, and forex fit your spend pattern.

Card summary

Confirm terms with the issuer
Card fees ₹1,000 first year From year 2 · ₹4,500 / year
Rewards 2 pts / ₹100
Lounge access 0 no lounge
Forex markup 3.5% high
Compare with HSBC India TravelOne →

Closest alternative from the same pricing or usage lane.

What it costs to get, and to keep

Joining vs renewal

First year

₹1,000first-year membership fee

From year 2

₹4,500renewal fee

Rewards

Earning rules

Detail · from the summary above
ScopeRateEligibilityLimit
General spend2 pts / ₹100Credited as reward pointsUncapped

Redemption value

What a Reward Point is worth

  1. Gold Collection (18k)₹0.33 / pt
  2. Gold Collection (24k)₹0.33 / pt

When does this card pay for itself?

Rewards break-even estimate
₹6.8L

Conservative yearly spend needed at the ₹0.333-per-point ranking floor.

Reward reality — the earning-rate detail behind the numbers above

Reward reality

Conclusion · what you actually get

Eligible spend

2 points per ₹100 on eligible spend

Verified value

₹0.333 per point

Gold Collection (18k)

Realisation

Credited as reward points

Costs & fees

Eligibility

Applicant class · age · income

Reported criteria · as stated by sources

Self-employed applicant

Minimum age
18 years or older

Reported by secondary sources · verify with issuer1 other source

Salaried applicant

Annual personal income
₹4,50,000 or more

Reported by secondary sources · verify with issuer1 other source

Evidence only · excluded from decisions

Spending requirements

Spend gates · caps · milestone thresholds
RequirementAmountPeriodUnlocks
Milestone spend₹20,000yearMilestone benefit

Watch outs

Before choosing this card
  • Forex markup is 3.5%, so frequent international spends may be costly.

Estimated usage

Example usage at this monthly spend

₹
  • At this monthly spend, you'd earn: Up to ~1,000 pts/month if the entire spend qualifies for base earn · uses base/general earn rate. Excluded transactions earn less.
  • Worth ~₹330 at the conservative redemption floor
  • Fee waiver conditions unclear — verify
  • Forex cost ~₹1,750 per ₹50k international spend

Illustrative only, using current base rates and snapshot data.

Benefits & charges

Side-by-side facts
Benefits

Lounge Access

Domestic (cardholder)
No complimentary lounge access
International (cardholder)
No international lounge entitlement documented by the issuer Absence of an international claim on the product page is not proof of exclusion. Visa or programme terms may still apply.

Issuer documented · single source · verify on issuer site

Where to verify
  • Operator-verified anchor

Rewards

Points per ₹100
2 points per ₹100 · verified 20 Jun 2026 value depends on redemption
Effective return (honest floor)
~0.666% base (conservative redemption) · verified 20 Jun 2026 Conservative redemption floor; best documented path is not ranked on.
Headline point value
₹0.33 per Reward Point (Gold Collection (18k)) · verified 20 Jun 2026 Operator-verified headline rate — full channel grid in Redemption value.
Fees & charges

Fees

Monthly interest rate
3.5% / month
First-year cost
₹1,000 · verified 20 Jun 2026
Annual fee
₹4,500
Joining fee
Not applicable · verified 20 Jun 2026
Interest-free period
Up to 48 days

International Use

Forex markup
3.5%

Issuer documented · corroborating sources · verify issuer terms before applying

Where to verify
Product tier
Premium

Travel & perks

Spend milestones

Progression rewards
  1. ₹4.5K spend → 5,000 MEMBERSHIP REWARDS
  2. ₹20K spend → 1,000 MEMBERSHIP REWARDS

Fuel Benefits

At the pump
  • 1% fuel surcharge waived on transactions of ₹5,000+.
  • Fuel transactions do not earn reward points.

Fine print & compare

Compare with similar cards

Similar tier · similar benefits
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American Express Membership Rewards
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HSBC India TravelOne
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American Express Membership Rewards
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AU Small Finance Bank Zenith+
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American Express Membership Rewards
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American Express Membership Rewards
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RBL Bank World Safari

The fine print

Caps · exclusions · earning · redemption · last refresh

Caps & limits

  • Earning cap: Uncapped earning — not applicable.

Exclusions

These spends do not earn reward points.

Financial

  • Fuel
  • Insurance premiums
  • EMI
  • Cash transactions

Utilities

  • Utilities

Latest update

  • First-year cost: ₹1,000.
  • Annual fee: ₹4,500.
  • Forex markup currently listed at 3.5%.
  • No complimentary lounge access.

Common questions

From verified card facts

Is this good for lounge access?

No lounge access.

Is this good for international spends?

Forex markup is 3.5%, so frequent international spends may be costly.

Is the annual fee easy to recover?

Value depends on usage and waiver terms. GST may apply on the annual fee.

When do welcome benefits arrive?

A welcome benefit is listed. Included items: Membership Rewards Points (4,000 pts) — welcome; first-year membership fee required; spend 15000 in 90 days. Timing may depend on first-year membership fee payment, card activation, first eligible transaction, or issuer processing.

Learn

Learn more

Guides matched to this card — not a random syllabus.

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Last refreshed 11 Sept 2026 moneymatters.cards Change look saved in this browser only
Important

Data compiled from issuer and public information. Details may change — verify with issuer. Reference data, not financial advice.

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