American Express Membership Rewards Credit Card
American Express · Amex · Mid card
The milestone structure rewards consistent monthly activity rather than one big annual spend push: good fit for steady, predictable spenders.
Consistent monthly spenders who can reliably hit ₹20,000+/month and want Amex’s Membership Rewards ecosystem.
Terms checked 13 Sept 2026
- Annual fee
- ₹4,500 + GST
- Joining fee
- ₹1,000 + GST
- Base reward rate
- 1.2%
- Forex markup
- 3.5%
Reward rates by spending category
Published catalogue rates before caps and merchant-category exclusions.
| Category | Recorded rate |
|---|---|
| Online shopping | 1.2% |
| Dining & delivery | 1.2% |
| Groceries & essentials | 1.2% |
| Travel & hotels | 1.2% |
| Subscriptions & streaming | 1.2% |
| Beauty & wellness | 1.2% |
| Entertainment & movies | 1.2% |
| Offline store shopping | 1.2% |
| International spending | 1.2% |
| Education & family | 1.2% |
| Healthcare & pharmacy | 1.2% |
| Other miscellaneous | 1.2% |
| Gold & jewellery | 1.2% |
| Fuel & commute | 0% |
| Bills & utilities | 0% |
| House rent | 0% |
| Insurance premiums | 0% |
Caps and fee waiver
- Reward caps
- No general cap recorded
- Annual fee waiver
- At ₹1,50,000 annual spending
- Monthly income requirement
- Approx. ₹37,500/month salaried · ₹50,000/month self-employed
Airport lounge access
No complimentary airport lounge access recorded
Benefits & conditions
Expand a category to see recorded benefits, fees and eligibility, with conditions and links to the sources. Categories without recorded details are grouped below; missing information does not mean a benefit is unavailable.
Rewards and cashback · 5 items
Eligible Membership Rewards earn
Usage-based value1 Membership Rewards point per ₹50 on eligible settled purchases; SafeKey and post-purchase EMI transactions continue to earn.
1,000 bonus points each month after four eligible transactions of at least ₹1,500
Shown without a cash valueAdditional 1,000 bonus points each month after ₹20,000 eligible spend; enrolment is required
Shown without a cash value1,000 bonus points monthly for four transactions of at least ₹1,500 each
Shown without a cash valueAnother 1,000 bonus points monthly at ₹20,000 eligible spend after enrolment
Shown without a cash value
Fees · 2 items
Annual card fee
Cost ₹4,500₹4,500 annual fee before applicable tax.
Joining fee
Cost ₹1,000₹1,000 one-time joining fee before applicable tax.
Fee waiver · 1 item
Annual fee waiver
Usage-based · up to ₹4,500Annual fee may be waived after ₹1,50,000 of eligible annual spending.
Conditions: Reach ₹1,50,000 eligible annual spending
Welcome benefits · 1 item
4,000 Membership Rewards points
Recorded value ₹1,333Welcome points after meeting the introductory eligible-spend requirement and paying the first-year fee.
Conditions: Pay the first-year fee · Spend ₹15,000 on eligible purchases within the first 90 days
Dining · 1 item
Up to 20% savings at participating dining partners
Shown without a cash value
Insurance and protection · 1 item
Zero lost-card liability after prompt loss reporting under issuer terms
Shown without a cash value
Memberships · 2 items
First-renewal bonus of 5,000 Membership Rewards points under the published card benefit
Shown without a cash value1 Membership Rewards point per eligible ₹50 spent
Shown without a cash value
Foreign-currency charges · 1 item
Foreign-currency markup
Usage-based value3.5% foreign-currency markup before applicable tax.
Conditions: Applies to eligible foreign-currency transactions
Eligibility and availability · 1 item
Restricted application availability
Shown without a cash valueApplication availability: temporarily unavailable. Applications are temporarily paused; the income thresholds remain the published eligibility reference.
Other benefits · 2 items
0% HPCL convenience fee below ₹5,000; 1% applies from ₹5,000
Shown without a cash valueFull renewal-fee waiver at ₹1.5 lakh and 50% waiver from ₹90,000 to ₹1,49,999
Shown without a cash value
Other categories (8)
These categories have no detailed entries. We distinguish confirmed absences from information that still needs review.
Spend milestones
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Card tiers
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Airport lounge access
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Movies and entertainment
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Travel privileges
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Golf
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Fuel benefits
Details not yet availableThe reviewed issuer sources publish this benefit; its exact conditions are retained in the card benefit profile.
Official source ↗Concierge
Details not yet availableThe reviewed issuer sources publish this benefit; its exact conditions are retained in the card benefit profile.
Official source ↗
What stands out
- ✓ 1 Membership Rewards point per eligible ₹50 spent
- ✓ 1,000 bonus points monthly for four transactions of at least ₹1,500 each
- ✓ Another 1,000 bonus points monthly at ₹20,000 eligible spend after enrolment
- ✓ Full renewal-fee waiver at ₹1.5 lakh and 50% waiver from ₹90,000 to ₹1,49,999
What to watch
New applications are temporarily paused. Utilities, insurance, fuel, cash and EMI transactions do not earn points, and monthly bonuses reset every month.
Recorded exclusions
Fuel Commute · Bills Utilities · Rent · Insurance · Cash withdrawal · Merchant emi · Fees charges
How GainFair evaluates this card
The personal card advisor applies your monthly spending to category rates, limits rewards at the applicable caps, adds eligible movie, milestone and lounge value, and subtracts annual fees plus foreign-currency markup and GST. It can recommend keeping your current cards when a new card does not create enough incremental value.
Compare against
These cards have the closest mix of purpose, reward style, fee model and tier. They are suggestions for comparison, not rankings.
Issuer sources
Open the sources used for this card's product details, rewards, fees and eligibility.
Sources checked 13 Sept 2026