American Express is making a lot of effort to make sure your wallet has one of their cards. From setting up sign-up kiosks in airports to introducing new entry-level products, India is one of their focus markets to conquer. One of their more popular cards is the American Express Membership Rewards Credit Card India which has some excellent benefits.
This card is one of Amex’s entry-level cards with a minimum income requirement of INR 4,50,000 a year. If you already have another credit card, the chances of your application getting approved get even better.
On a typical day, on an average spend, you would get 1 Membership Rewards point for every INR 50 spent coming into your account. What makes this card worth considering is that you get 1000 bonus Membership Rewards points when you use your card for at least four swipes of a minimum of INR 1000 in a month. That means you can earn up to 12,000 bonus Membership Rewards points in a year, just for spending 48,000 rupees.
The American Express Membership Rewards Credit Card India usually costs INR 1,000 + taxes for the first year, but American Express is currently waiving off this fee when you apply here.
The renewal fee, which stands at INR 4,500 + taxes, which will be waived off if you do eligible spends of INR 1,50,000 or more during the preceding year. Couldn’t put a lot of spends on the card? Get 50% off on the renewal fee if your eligible spends stand at INR 90,000 or more. Eligible spends do not include Cash Advances, Express Cash transactions, drafts made from the Account, Balance Transfers and fees.
American Express is currently issuing The American Express Membership Rewards Credit Card India in the following cities:
Like I said ahead, what makes this card great is that you can earn 12,000 bonus Membership Rewards points a year by spending just INR 48,000/year. That gives me a reward rate more than 10%.