moolahgeeks is no longer being updated. Our recommendations may be outdated and should not be relied upon. Learn more
| Monthly Spend | ₹5K | ₹10K | ₹20K | ₹50K | ₹100K |
|---|---|---|---|---|---|
| Net Reward Yield | (-7.0%)^ | (-3.2%)^ | 1.7% | 1.0% | 0.8% |
| Est. Monthly Reward (₹) | (350) | (320) | 345 | 520 | 825 |
| All-India Rewards Rank* | 339 | 346 | 20 | 117 | 156 |
| Within Bank Rank* | 2 | 2 | 2 | 3 | 3 |
| * Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here.
^The negative figure means at this level of monthly spends, the rewards earned in a year will be worth less than the annual fee. |
|||||
The American Express Membership Rewards Credit Card offers 0.6% effective rewards on all spends except fuel and utilities.
This card can earn you a net reward yield of 0.8–1.7% on monthly spends above ₹20,000.
If you spend less than ₹20,000 a month on your card, consider American Express SmartEarn Credit Card.
This card can earn you a net reward yield of 1.3-1.9% on monthly spends up to ₹20,000.
If you spend more than ₹20,000 a month on your card, consider the American Express Platinum Travel Credit Card. This card can earn you a net reward yield of 0.80-1.70% on all your spending.
The Platinum Travel offers a low 0.60% reward on all you spend but earns milestone rewards of ₹4,500 and ₹7,500 when you spend ₹1.9 lacs and ₹4.0 lacs within a year.
The Platinum Travel has a non-waivable fee of ₹5,000.
Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.
| Card | American Express Membership Rewards Credit Card |
|---|---|
| Card Type | Reward |
| Reward Features | 1 MR points / ₹50 spend (0.60%) on all other spends except fuel & Utilities |
| Milestone Rewards | 1,000 MR points on spending ₹20,000 / mth. |
| Other Rewards | Nil |
| Rewards Redemption Fee | ₹250 |
| Reward Caps | Unlimited |
| Preferred Redemption Method | Redeem points on American Express Portal for e-Vouchers@ ₹0.30/ MR points.
You can achieve a conversion rate as high as ₹0.50-0.58 on collecting 18,000 (₹9 lacs) or 24,000 (₹12 lacs) reward points. This will be based on redemption via their 18 & 24 Karat Gold Collection Vouchers. |
| Card | American Express Membership Rewards Credit Card | |
|---|---|---|
| Joining Fee | ₹1,000 + Taxes | |
| Annual Fee | ₹4,500 + Taxes | |
| Min. Annual Credit Card Spend for Fee Waiver |
₹1.5 Lacs | |
| Income Criteria | Salaried | ₹6 Lacs p.a. |
| Self-employed | ITR>₹6 Lacs | |
| Supplementary Card Fee | ₹1500 + Taxes | |
| Interest Rate | 42.00% | |
| Foreign Currency Markup | 3.50% | |
| Cash Advance Charge | 2.50% with a minimum of ₹250 | |
Questions? Suggestions? See a mistake? Write to us!
Our analysis of 100s of flights shows that miles from international airlines are worth much less in India that they are globally, between 16-54% less. Their value in India is between ₹0.50/mile for the Etihad to ₹0.80/mile for BA & SQ.
2 Free Movie / Stream / Play / Events / Sports / Activities tickets up to ₹250 each and ₹100 off on F&B Spends on BookMyShow tickets.
8 reward points / ₹400 on bill payments & education and 1 point on all other spends. Fuel surcharge waiver of up to ₹100 per month.
