American Express® Membership Rewards Credit Card

Below are the key highlights of the American Express Reward Card:

Welcome Gift :

• 4,000 bonus membership reward points.
• Applicable on payment of joining fee and on spending Rs. 15,000 within the first 90 days of card membership.

Reward Points:

• 1 membership reward point for spending every Rs. 50. 
• This benefit is not applicable on spends on Fuel, Insurance, Utilities, Cash Transactions and EMI conversion at the Point of Sale.

Milestone Spend Benefits:

• 1,000 bonus membership reward points for using your card 4 times on transactions of Rs. 1,500 or more in a calendar month.
• Additional 1,000 membership reward points on spending Rs. 20,000 or above in a calendar month. This is an enrollment-based benefit.
• 5,000 membership reward points on payment of the first-year card renewal fee. 

American Express EMI:

• Use the Amex reward card for your next big purchase and pay in EMI.

Rewards Programme:

• Get any one of the fabulous reward options from the stunning new 18 and 24 Karat Gold Collection.
• 24,000 membership reward points/ 24 Karat Gold Collection: (you can choose any of them)
  • Taj voucher worth Rs. 14,000
  • Shoppers Stop voucher worth Rs. 11,000
  • Vistara voucher worth Rs. 11,000
  • Tanishq voucher worth Rs. 10,000
  • Amazon voucher worth Rs. 9,000
  • Flipkart voucher worth Rs. 9,000
• 18,000 membership reward points/ 18 Karat Gold Collection:(you can choose any of them)
  • Taj voucher worth Rs. 9,000
  • Shoppers Stop voucher worth Rs. 8,000
  • Myntra voucher worth Rs. 8,000
  • Amazon voucher worth Rs. 7,000
  • Flipkart voucher worth Rs. 7,000

Other Benefits:

• 0% convenience fee on fueling up at HPCL.
• Discounts of up to 20% every time you dine at select restaurants.
• 24X7 card-related assistance.
• Dispute resolution.
• Zero lost card liability.
• Emergency card replacement.
• Contactless payment.

Fees:

• Joining fee: Rs. 1,000 + applicable taxes
• Annual fee: Rs. 4,500 + applicable taxes
• The annual fee of Rs. 4,500 is 100% waived if total spending in the preceding membership year is Rs. 1,50,000 or more. 
• The annual fee of Rs. 4,500 is 50% waived if total spending in the preceding membership year is Rs. 90,000 to Rs. 1,49,999.

Following are the fees and charges associated with getting an American Express Rewards Credit Card:

• Joining fee: Rs. 1,000 + applicable taxes.
• Annual fee: Rs. 4,500 + applicable taxes.
• Add-on card fee: Rs. 1,500 for each card (after up to 2 free supplementary cards).
• Interest rate: 3.50% p.m.
• Interest rate in case of default: 3.99% p.m.
• Late fee payment charges: 30% of the Minimum Amount Due (minimum Rs. 500 & maximum Rs. 1,000).
• Cash advance fee: 3.5% of the cash advance amount (minimum Rs. 250) per withdrawal.
• Duplicate statement fee: Rs. 100 per statement for statements older than 3 months.
• Cheque/ ECS/ NACH return fee: Rs. 250 per returned instrument. 
• Record of charge/ summary of charge retrieval fee: Rs. 100 per retrieval.
• Over-limit charge: Rs. 500. 
• Surcharge on purchase of railway ticket: 1.8% per transaction (minimum Rs. 10) if booked through IRCTC online. 
• Convenience fee: 3% on fuel purchases at HPCL for transactions below Rs. 5,000 & 1% for transactions of Rs. 5,000 & above. 2.5% (minimum Rs. 10) + applicable taxes, at fuel stations of all other Oil Marketing Companies (except HPCL, BPCL & IOCL). 
• Foreign currency transactions: 3.50% 
• Convenience fee on payments to Government Receipt Accounting System (GRAS) through SBI ePay:
  • Rs. 1 - Rs. 90,00,000: 0.94% by American Express & 1% by SBI ePay
  • Rs. 90,00,001 or above: 0.99% by American Express & 0.87% by SBI ePay

You will have to meet the following criteria to be eligible for Amex Rewards Credit Card:

• The applicant should be an Indian resident as defined under the Income Tax Act of India.
• The applicant should be aged over 18 years.
• The applicant must notify American Express Banking Corp if there is a change in their residential status.
• The applicant should be a salaried or self-employed person with a personal annual income of Rs. 6 Lakhs and above.
• The applicant should have an Indian/ multinational bank’s savings/ current account in India.
• The applicant should have a current/permanent residential address in India.
• The applicant should have a good credit history with no payment defaults.
• If the applicant is self-employed, the company should be trading for more than 12 months.
• American Express Cards are currently issued to applicants residing in:

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To apply for an American Express Membership Rewards Credit Card, you would be asked to submit the following documents:

• PAN Card and recent passport-size photographs.
• Income documents: Latest 1 - 2 salary slips (not older than 3 months), latest Form 16, last 3 months’ bank statement, etc.
• Identity proof: PAN Card/ Passport/ Aadhaar Card/ Driver’s License/, Voter’s ID/ Overseas Citizen of India Card/ Person of Indian Origin Card/ Job Card issued by NREGA/ Letters issued by the UIDAI/ Any other government-approved photo ID proof
• Address proof: Passport/ Aadhaar Card/ Driver’s License/ Utility Bill not older than 3 months/ Ration Card/ Property Registration Document/ Person of Indian Origin Card/ Job Card issued by NREGA/ Bank Account Statement/ Any other government-approved address proof
• For any other documents apart from the ones mentioned above, you would be informed by American Express.

You can apply for an Amex membership rewards credit card directly through the American Express website and via MyMoneyMantra. 

American Express Credit Card Application Through Amex Online

Step 1: Go to American Express website, select the desired credit card that suits best according to your income levels, nature of expenses and the benefits offered.

Step 2: Provide your personal details including name, date of birth, email address, mobile number and complete residential address. 

Step 3: Quote your PAN, alongside the employment status. 

Step 4: Read the Terms & Conditions and tick the check box for agreeing the same.

Step 5: Click on ‘Agree & Continue’. 

American Express Credit Card Application Through MyMoneyMantra

Step 1: Go to MyMoneyMantra’s American Express credit card page,

Step 2: Click on ‘Apply Now’. You’ll be redirected to the American Express Membership rewards credit card page. 

Step 3: Now you can fill in your personal credentials including your name, date of birth, phone number, email address and residential address. 

Step 3: After this, you will be required to share the PAN and employment status. 

Step 4: Tick the check box after reading the Terms & Conditions 

Step 5: Click on ‘Agree & Continue’. 

For American Express cards, an individual can select between an Amex credit card and Amex charge card. Also, you can check the latest credit score beforehand to make sure that your credit profile is in good shape.