American Express Membership Rewards Credit Card: From rewards to eligibility; all you need to know

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Credit Card (MRCC) brings an array of exclusive perks with every purchase. With a joining fee of ₹1,000 and a renewal fee of ₹4,500 (waived on annual spending of ₹1.5 lacs plus), it offers 1 membership reward point for every ₹50 spent (excluding fuel, utilities, insurance, and cash transactions). Enjoy a bonus of 1,000 points on using the card 4 times for transactions above ₹1,500 each.

Additional benefits include monthly rewards, fuel surcharge waiver, entertainment, and insurance perks. MRCC cards in India may be labelled as entry-level, but their rewards and benefits punch above that classification. When utilised effectively, this card outshines certain premium offerings.

Here's an insightful review of the Amex MRCC, shedding light on its perks and advantages. In an annual year, a fee of ₹1000 plus GST applies, followed by ₹4500 plus GST from the second year onwards. Enjoy a welcome gift of 4000 MR points.

The annual fee is exempted upon reaching an annual spending threshold of ₹1.5 lacs. Additionally, if your expenditure ranges between ₹90,000 and ₹1.5 lacs, you'll only be charged 50% of the fees. Earn 1 MR point for every ₹50 spent, equivalent to a value of 40p for 1RP (0.8%).

However, note that spending on fuel, insurance, utilities, and cash withdrawals does not accrue any reward points. Get an accelerated reward rate of 2 MR points for every ₹50 spent specifically through the Amex Reward Multiplier portal, like HDFC's Smart Buy portal. The standout feature of the Amex MRCC credit card lies in its monthly milestone points.

By making just 4 transactions of ₹1,500 or more in a calendar month. You need to do a one-time enrolment for the same here. Moreover, an extra 1000 MR points are yours by spending ₹20,000 or