The American Express Membership Rewards Credit Card

CARD TYPE

Rewards

ANNUAL FEE

₹ 4500

JOINING FEE

₹ 1000*

FEATURES

    *. OYO Gift Voucher Worth Rs. 2000 as Welcome Gift.
    *. Minimum 3% cashback on per transaction.
    *. Use your card 4 time per Month and Earn 1000 Rewards Points.
    *. Spend Rs. 50 and Earn 1 Membership Rewards Points.

ELIGIBILITY

50000

DOCUMENTS REQUIRED

1. ID proof, address proof and PAN card for KYC.
2. Form 16/ Salary Slip along with one recent passport size photograph.

American Express Membership Rewards Credit Card

If you are looking for credit card that not only offers cash back offers but rewards too, then this is one of the best option that you can use to earn extra rewards as well. Card holder can use these rewards points whenever they want to buy gift item or any other accessories. This card is suitable of the people who always use their credit card for hotel booking, flight ticket booking or to buy anything you need regularly. If all the conditions are true for you then just go for this card and brings easiness into your life. So think wisely before taking any final decision regarding this credit card.



Benefits of American Express Membership Rewards Credit Card

Bonus Membership Rewards
Whenever new customer will enroll for this beneficial credit card, as per policy of respective bank will give more than 4000 rewards point once user will perform minimum three transactions in two months after card approval date. To earn extra rewards points what important is minimum 4 time use of that card and after this Earn 1000 rewards points. This process can be continuing if user will use card more than 4 times every month. This American Express Membership Rewards Credit Card allows users to save maximum opportunity to earn maximum rewards points. After the renewal of credit card users will get additional 5000 rewards point and amount will be added into reward amount one the process will complete regarding this step.

Rewards Redemptions
American Express Membership Rewards Credit Card offers exclusive facility for its card users to redeem their earned reward points quite easily. Users may easily buy best products and accessories available at American express rewards store. It is quite easy to buy gold jewelery and other ornaments while utilizing their rewards points. Apart from above describe options rewards can used for electronics, hotels, leading airlines and more than 500+ others.

Reward Program
Whenever user will spend more than INR 50 by using this credit card then as reward he/she will earn one reward point. As per bank norms there are major option where rewards can be easily utilized are insurance, cash transaction, fuel and utility and cash.



Other Privileges and Offers

Dining Select
American Express Membership Rewards Credit Card offers exclusive and special discounts on food items at restaurants not only in India but in abroad too. Users will get minimum 20% discount every time they will place order. So it can be said that this is exclusive opportunity for all users to give special teat of delicious food items to your friends and family members.

Add on Card
This facility will be helpful in extending the transaction to increase credit limit that will allow you to shop more interesting gift items and clothes for your family members. To get add on or supplementary card user just need to pay INR 1500 along with applicable taxes.

Zero Card Liability
If you are using American Express Membership Rewards Credit Card then just forget about these liabilities because is going to offers you excellent facility by covering expressive and specific offers. User must know that bank offers emergency card replacement, to help users whenever their lost their card accidently, without asking them any extra charges.

Customer Services
If user has any queries related to card uses, transaction or any other respective issues. Bank offers instant solution of their queries so that their can easily proceed for their tasks.

Travelling Privileges
Exciting privileges are available for users so that they can easily save their maximum amount while booking flight tickets. If someone opt makemytrip then as per provision there will be several rewards and cash back offers. If user will book international flight ticket through website then receive around 5% of received amount or if someone is using mobile app then they will earn 6% cash back in respect to total spend amount.
Another interesting fact about this offer is that if someone will book round trip form makemytrip then as a reward he will earn INR 400 at the same time if someone will book form makemytrip app then cash back amount will be INR 500. Apart from this if someone will book hotel through makemytrip y spending 2400 or more then as a reward they may save up to 70% of total amount, on the other hand if you will book international hotel via makemytrip then up to 30% of discount can be easily grab.


Contactless Payment
American Express Membership Rewards Credit Card is one of the smart credit card that use latest technology to make payment and transaction easier, card offers the facility of contactless payment.

Easy EMI
Card users will easily get the facility to shop whatever they wanted to buy without any complication. One of the main reasons behind all these facility is that use may easily opt for EMI option whenever you plan to shop more.


Important points about Express Membership Rewards Credit Card

1. Special Facility and rewards for dining and travel.
2. Maximum membership rewards points.
3. Maximum cash back offers and deals.
4. Secure transaction facility.


Important Document for Applying American Express Membership Rewards Credit Card

1. Authentic and Valid Identity Proof, Address Proof, PAN Card to Complete the KYC Process.
2. Bank Statement and Salary Slip.
3. Applicants 2 Passport size photograph.
Note: - This card is available for customers of Indore, Ahmedabad, Chandigarh, Vadodara, Delhi (NCR), Bangalore, Mumbai, Pune, Surat, Hyderabad, Coimbatore, Chennai and Jaipur.


Why to Choose American Express Membership Rewards Credit Card?

1. Good services and features.
2. Interesting Offers and rewards as joining gift.
3. Maximum cash back and discount on booking of hotel and flight ticket booking.
4. Excellent Facility to earn and redeem rewards.


Concerning Facts Related to American Express Membership Rewards Credit Card

Lack of Airport Lounge Accessing Facility
Users will not get any facility to access neither domestic not international airport, so it is one of the strong concerning points.

Higher Renewal Fees
As of now, joining fees is INR 1000 and users need to pay INR 4500 from second year onwards. So it can be said that it is not that easy to manage higher charges.

No Golf Course Accessing Facility
If you are frequent traveler and prefer to explore golf course then this credit card is not so ideal.

No Fuel Surcharge and Cash back Facility
In these days maximum numbers of credit card offers the facility of fuel surcharge at fuel stations along with cash back offers. So think before choosing this credit card.


Pros of American Express Membership Rewards Credit Card

a. Decent Reward Rate.
b. Excellent Joining Fees.
c. Lowest annual subscription fees as compared to services availed by the card for users.
d. Excellent features and Customer service.


Cons of American Express Membership Rewards Credit Card

a. Higher interest rates.
b. Higher renewal fees.
c. Lack of fuel surcharge features.


Eligibility Criteria for American Express Membership Rewards Credit Card

1. Applicants Bank Credit History Must be Impressive.
2. Applicants must be resident of India.
3. Applicant must be 18 years old.
4. Bank Record must be clean.
5. Minimum salary must be 6 lakhs or above if you are business man or self employed.
6. If you are salaried employee then income must be 4.5 lakhs or above.


Charges and Fees of American Express Membership Rewards Credit Card

• Joining Fees: INR 1000+ Applicable Taxes.
• Annual Subscription Fees: 4,500 + Applicable Taxes.
• Interest Free Credit Period: Up to 52 days.
• Over limit fees: INR 500.
• Surcharge on Train Ticket Booking: 1.8% of ticket booking amount.
• Late payment charge: Between Rs. 500-Rs.1000.
• Fee for duplicate statement: Minimum Rs. 100.
• Fuel Surcharge: 2.5% of the amount.
• Convenience Charge for Water Bill, Electricity Bill Payment, Telephone Bill payment: Minimum Rs. 50 per transaction.
• Cheque Return Fees: INR 250 per transaction.

Cash Advance Charges
It is not so ideal way to withdraw amount form credit card. If you want to avoid extra burden of interest, then avoid withdrawal of amount form your account. One of the strongest reasons behind all this issue is that interest rate will be imposed from the time of amount withdrawal. As of now interest rate charge by American express is 3.25%.

Default Charges
If you belong to users category that do not pay their due on time, as per policy of bank users need to pay charges decided by the bank. Current interest rate is 3.25% monthly and around 42% per annum. Basically interest rate will be based on chargeable outstanding balance.

Foreign Currency Transaction
American express membership credit card allows users to transfer amount through their credit card across the world. To perform transaction under this category bank charge some amount and as of now current rate is 3.25%.


American Express Contact Details


a. Corporate Office: American Express Banking Corp. Cyber City, Tower-C, DLF Bldg. No.8, Sector-25, DLF City Ph-II, Gurgaon-122002 Haryana, India Ph: +91 124 4190000
b. Registered and Branch Address: American Express Banking Corp. MGF Metropolitan, 7th Floor, Office Block, District Center Saket, New Delhi -110 017
c. Card Operation Center
1. American Express Banking Corp. Regus Citi Centre, 6th Floor, City Centre Mall, Dr Radhakrishnan Salai, Mylapore, Chennai - 600 004
2. American Express Banking Corp. Cyber City, Tower-C, DLF Bldg. No.8, Sector-25, DLF City Ph-II, Gurgaon-122002 Haryana, India Ph: +91 124 4190000
3. American Express Banking Corp. One Indiabulls Centre, Tower 2, B Wing, 8th floor, Jupiter Mills Compound, Elphinstone, Mumbai 400 013
4. American Express Banking Corp. No. 30, Salarpuria Techpoint, Oasis Mall, 5th Floor, 100 Feet Road, Srinivagilu, Ejipura, Koramangala, Bangalore - 560 047
d. To contact EDC help desk: 1800 419 1414 (Toll Free) OR 0124 280 1414
e. For Merchant related services: 1800-419-1414 (Toll-Free) Or 0124-280-1414
f. To know more about American Express Membership Rewards Credit Card: 0124-280 1418 1800 419 0167.