American Express Membership Rewards Credit Card (MRCC)

American Express Membership Rewards Credit Card (MRCC) Review


Joining Fee: Rs 1000+GST
Annual Fee: Rs 4500+GST


Airmiles, Rewards

Reward Rate

1% to 5%



Issued On

American Express


Milestone Rewards, Fuel Surcharge Waiver

Table of Contents

Amex Membership Rewards is an entry-level credit card from Amex India. But don’t let the entry-level tag on this card misguide you. If used the right way, Amex MRCC is more rewarding than some of the premium credit card offerings. Here is a hands-on review of the American Express Membership Rewards credit card.


Unlike other credit card issuers, Amex has some of the simplest eligibility criteria for its credit cards. To apply for Amex MRCC we need:

LTF IndusInd Bank Credit Cards
  • A good credit score – preferably 750 and above
  • Annual Income of Rs 6 Lakhs and above

Fees and Charges

Joining Fee / First-Year FeeRs 1000 plus GST
Welcome Benefit4000 Membership Reward(MR) points
Annual FeeRs 4500 plus GST
Annual Fee WaiverFully waived if annual spending > Rs 1.5 Lakhs
50% waived if annual spending > Rs 90K and < 1.5 Lakhs
Renewal Benefit5000 MR points if the annual fee is realized
American Express Membership Rewards Credit Card Review – Fees and Charges

Regular Rewards

  • All Spends: 1 MR point/Rs 50 ~1% return
  • Spends excluded from rewards: Fuel, insurance, utilities, and EMI transactions

Spending in excluded categories counts for bonus MR points and annual spend waivers. Amex is one of the few credit companies to provide rewards for digital wallets. We can load Paytm/Mobikwik wallet and use it for fuel/insurance/utility transactions. This way we can earn regular rewards for these transactions.

Bonus Membership Rewards

The base reward rate might seem low for Amex MRCC but we have milestone rewards like other Amex cards. These are what we have to target to get a high reward rate.

  • 1000 Bonus MR points on making 4 transactions of Rs 1500 or more every calendar month
  • 1000 Bonus MR points on spending Rs 20000 and above in a calendar month. This offer needs enrollment.

Maximizing the Amex MRCC Credit Card Rewards

LTF IDFC First Bank Credit Cards

The bonus membership rewards are what make the MRCC a good rewarding card. We need to spend Rs 1.5 Lakhs in a year to get the annual fee waiver. Below is how we can plan our spending to get maximum rewards.

  • We use the 1000 bonus MR points on 4 X Rs 1500 transactions every month for 12 months
  • We use the 1000 Bonus MR points on spending Rs 20000 in a month for 6 months in a year
TransactionsBonus MR Points/MonthRegular MR Points/MonthTotal Spend/YearTotal MR Points/Year
Make 4 X Rs 1500 transactions every month1000120Rs 7200013440
Spend Rs 14000 every month for 6 months1000280Rs 840007680
  • Total Spend: Rs 1.56 Lakhs
  • Total MR Points: 21120
  • If we value each MR point at 40 paise, this is a return of Rs 8448 ~5.4%!
  • Spend on Amex Reward Multiplier, use RM offers and you will have an even higher return. How many entry-level cards will give you a return of 5.4% on just Rs 1.56 Lakhs spend

18 and 24 Carat Gold Collection for Amex MRCC

For the Amex MRCC card, the best option is to redeem the 18/24 Carat Gold Collection rewards. These offer the best return on your membership reward points.

18 Carat Gold Collection – For 18000 MR points

Amex MRCC Review - 18 Carat Gold Collection Rewards
E-VoucherValueMR Point Value
AmazonRs 700039 paise
FlipkartRs 700039 paise
CromaRs 700039 paise
MyntraRs 800044 paise
Shoppers StopRs 800044 paise
Big BasketRs 800044 paise
TajRs 900050 paise
Amex Membership Rewards Credit Card Review (MRCC): 18 Carat Gold Collection

24 Carat Gold Collection – For 24000 MR points

Amex MRCC Review - 24 Carat Gold Collection Rewards
E-VoucherValueMR Point Value
AmazonRs 900038 paise
FlipkartRs 900038 paise
CromaRs 900038 paise
TanishqRs 1000042 paise
Shoppers StopRs 1100046 paise
VistaraRs 1100046 paise
TajRs 1400058 paise
Amex Membership Rewards Credit Card Review (MRCC): 24 Carat Gold Collection

Taj and Vistara vouchers – a recent addition to the gold collection provide the best redemption value. However, if you are not into travel then the next best option is either the Tanishq/Shoppers Stop voucher (from the 24 Carat Gold Collection) or the Amazon e-voucher(from the 18 Carat gold collection).

Catalog Redemption Options – Better to Avoid

The Gold Collection is delayed gratification for rewards redemption as it requires accumulating MR points over several months. There are multiple other options for redeeming the MR points on Amex MRCC on the go. These include electronics, luxury and lifestyle products, fashion accessories, and instant gift vouchers for various brands. We can even pay for transactions using MR points. The MR point value in these options is around 25p per point. But, better to avoid all these options.

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Transfer to Airlines/Hotel Loyalty Programs

Amex MR points are also one of the most versatile ones when it comes to using them for airline and hotel loyalty programs. We get multiple transfer partners.

PartnerConversion Rate
Asia Miles800 Points = 400 Asia Miles
Club Vistara900 Points = 300 Club Vistara Points
Emirates Skywards800 Points = 400 Emirates Skywards Miles
Etihad Guest1600 Points = 800 Etihad Guest Miles
Hilton Honors1000 Points = 900 Hilton Honors Points
Marriott Bonvoy100 Points = 100 Marriott Bonvoy Points
PAYBACK1 Point = 1 PAYBACK Point
Qatar Privilege Club500 Points = 250 Avios
Singapore KrisFlyer800 Points = 400 KrisFlyer Miles
Virgin Atlantic Flying Club800 Points = 400 Virgin Points
American Express Transfer Partners

Round-the-Year Annual Offers

The rewards above are not all the American Express Membership Rewards Credit Card offers. Around the year, Amex also runs various promotional offers which end up giving a higher reward rate.

For example, since I got this card I got a Flipkart shopping offer that gave me 10% cashback up to Rs 2500, and an Amazon shopping offer that gave 10% cashback up to Rs 2000. These offers also help in meeting the annual spending required for this card.

American Express Membership Rewards Credit Card


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17 thoughts on “American Express Membership Rewards Credit Card (MRCC)”

  1. I am very much interested in getting this card but two things are stopping me and would like your inputs on them –

    1. I heard most places do not accept Amex due to high fee. How bad is this?

    2. I read at few places that recently wallet loads have been restricted (due to regulations? ) which makes it impossible to use the wallet load route as well. Is this true?

    I do not want to end up with a card which I can’t use. (I currently use Amazon Pay ICICI card as most of my online purchases ate on Amazon)

    1. 1. It depends on where you purchase. But yes, offline acceptability is an issue in local stores. It works fine in branded chain retail outlets.
      2. Most wallets will now charge you around 2.5% convenience fee for using Amex.

      You can still get MRCC and buy Amazon Pay GV from Reward Multiplier to get bonus MR points.

  2. Got rejected for Amex MRCC
    Axis ace – 4 lakhs limit
    HDFC regalia – 8 lakhs limit
    Sbi cashback – 2 lakhs limit

    Cibil is 797

    Any reason why?

    1. If you are in a serviceable area with valid address proof, then email them and ask for the reason.

  3. If we can then how much in ₹ can we load in payzapp wallet in a month and year if any limit?

    Is there any other wallet like Mobikwik, for Amex transaction?

  4. Your calculation for Tanishq is incorrect. MR point value comes out to be 0.41. Big basket voucher offers a better return than Tanishq

    1. Card Maven

      Thank you for highlighting this. Fixed it now.

      BB has a lot more card offers than Tanishq. So, we can still consider Tanishq to provide a better value.

  5. can this card be used for rent payment on cred and do we get points /rewards for same ? since same is not possible for utility/insurance as per restriction on this card

    1. If we can then how much in ₹ can we load in payzapp wallet in a month and year if any limit, kindly let me know.

  6. Worth it for 4500? just incase no referrals.

    – If waived off, no issues. But just incase if we have to pay the fee (worst case).

  7. Kiran Thakkar

    Hello I want Amex mrcc credit card but my itr is 4.90 lakh only last but credit history and score is good enough in one score app my cibil is 778 I never missed any payment in last 5 years all my credit cards how to get it plz help….

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