American Express Membership Rewards® Credit Card

Charge

• Finance charges: 3.5% p.m. (42% p.a.), or 3.99% p.m. (47.88% p.a.) in case of default.
• Cash Advance Fee: 3.5% of cash advance amount (min ₹250).
• Late Payment Charge: 30% of Minimum Amount Due (min ₹500, max ₹1,000) plus taxes.
• Duplicate Statement Fee: ₹100 per statement (older than 3 months).
• Cheque/NACH Return Fee: ₹250 per returned instrument.
• Record of Charge/Summary of Charge Retrieval Fee: ₹100 per retrieval.
• Convenience Fee on Railway Ticket (IRCTC internet): 1.8% of transaction value (min ₹10) plus payment gateway charges + GST.
• Foreign Currency Transactions: 3.50%.
• Standard Supplementary Card Fee: ₹1,500 (up to 2 supplementary cards complimentary).
• Add-on card fee: ₹1,500 for each supplementary card beyond 2.
• Effective 1 October 2022, over-limit transactions temporarily disabled (issuer-initiated fee/charge debit can take account over credit limit).
• (Schedule of Fees updated as on 31 August 2025; MITC updated as on 31 March 2026).

Verified · MITC – American Express Credit Cards (English) [governs Membership Rewards® Credit Card] · 2026-08-03 · source

Interest-free period

• Up to 48 days free credit (interest-free) when full Closing Balance is paid on previous and current statements by due date and no Cash Advance or Balance Transfer availed.
• Payment due date varies from 18 to 23 days from statement generation date.

Verified · MITC – American Express Credit Cards (English) [governs Membership Rewards® Credit Card] · 2026-08-03 · source

Fuel surcharge waiver

• Convenience Fee on Fuel Purchase: 0% for HPCL transactions less than ₹5,000.
• 1% per transaction for all HPCL transactions of ₹5,000 and above.
• 1% (min ₹10) at BPCL and IOCL fuel stations.
• 2.5% (min ₹10) at all other Oil Marketing Companies (except HPCL, BPCL and IOCL), plus applicable taxes.

Verified · MITC – American Express Credit Cards (English) [governs Membership Rewards® Credit Card] · 2026-08-03 · source

Redemption value

• Minimum 24,000 Membership Rewards Points needed to redeem under 24 Karat Gold Collection.
• Value of Tanishq/Tata Cliq voucher on redeeming 24,000 points is ₹9,000.
• Points can also be redeemed under 18 and 24 Karat Gold Collection for vouchers such as Shoppers Stop ₹7,000, Tata Cliq ₹7,000, Myntra ₹7,000, Amazon voucher.
• Membership Rewards Points (FTO tier) never expire.

Verified · MITC – American Express Credit Cards (English) [governs Membership Rewards® Credit Card] · 2026-08-03 · source

Reward cap

• Monthly transaction bonus limited to 1,000 Bonus Membership Rewards Points (4 transactions of ₹1,500 or above per calendar month).
• Additional 1,000 points on spending ₹20,000 or more in a calendar month.

Verified · American Express Membership Rewards® Credit Card product page · 2026-08-03 · source

Reward exclusion

Verified · American Express Membership Rewards® Credit Card product page · 2026-08-03 · source

Insurance

• Air Accident Insurance: Not Applicable for this card (applicable only to American Express Platinum Reserve Credit Card).
• Insurance cover is optional and provided under a group policy.
• Premium borne by AEBC.
• Card must have been used for purchase and annual/renewal fee fully paid to be eligible.

Verified · MITC – American Express Credit Cards (English) [governs Membership Rewards® Credit Card] · 2026-08-03 · source

Eligibility

• Applicant must be a Resident Indian as defined under the Income Tax Act of India.
• Employed with Personal Annual Income of INR 4.5 lakhs and above or Self Employed with Personal Annual Income of INR 6 lakhs and above.

Verified · American Express Membership Rewards® Credit Card product page · 2026-08-03 · source

Official terms

https://www.americanexpress.com/in/credit-cards/membership-rewards-card/.

Verified · American Express Membership Rewards® Credit Card product page · 2026-08-03 · source