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American Express: Membership Rewards Credit Card

The American Express Membership Rewards Credit Card is an entry-level yet highly rewarding credit card from American Express. MRCC punches well above its weight and is a card that is worthy of finding a place in most wallets. Read on to know why?



Eligibility Criteria


The eligibility criteria for MRCC is straightforward and listed as under:


(a) An Annual Income of Rs. 6 Lakhs and above (in case of Self Employed or Salaried).

(b) A resident of Delhi/NCR, Mumbai, Bangalore, Chennai, Pune, Hyderabad, Jaipur, Indore, Coimbatore, Chandigarh, Ahmedabad, Surat, Vadodara, Lucknow, Ludhiana, Nagpur, Nasik, Trivandrum, and Mysuru.

(c) Good credit score


Fees & Charges





Rewards & Benefits


The reward currency of American Express cards is Membership Reward (MR) points.


Earn 1 MR Point for every Rs. 50 spent except for spends on Fuel, Insurance, Utilities, Cash Transactions and EMI conversion


Bonus Membership Rewards Points


Earn 1,000 Bonus MR Points for simply using your card 4 times on transactions of Rs. 1,500 or above in a calendar month.


Monthly Spend Milestone


Earn an additional 1,000 MR points simply by spending INR 20,000 or more in a calendar month. Click here to enrol for this offer. It is a one-time enrolment.


Reward Redemption


Statement Credit


Accumulated MR points can be used to pay-off your Amex bill. For this purpose, Amex considers 1MR points = 25paise.

eg. For 1000MR points, you can reduce your amex bill by Rs 250


18 Karat Gold Collection for 18,000 MR points


You can get redeem 24K MR points for any of the below vouchers



24 Karat Gold Collection for 24,000 MR points


You can get redeem 24K MR points for any of the below vouchers



Transfer partners


AMEX provides 11 transfer partners in total which cover a good range of travel needs. If you are doing even 1 trip a year, transfer to these partners can help you realise the best value for your MR points



Summary



How powerful are AMEX MR points?


If you practice delayed gratification with your AMEX MR Points, you can redeem the points for some crazy flight & hotel bookings


Fancy an Economy class ticket from Delhi to Singapore – get it for 20K KrisFlyer miles (40K MR points)



Cons of the AMEX MRCC


The single biggest con of AMEX MRCC is the acceptability of AMEX cards. Some merchants don’t accept AMEX cards due to the high MDR. However, a lot of online websites including Amazon, Flipkart, Myntra etc. do accept AMEX cards.


Miles & Beyond Verdict


The AMEX MRCC is one of my favourite cards not just from the AMEX portfolio but out of all cards available in India. AMEX has received stiff competition from AXIS in the form of Magnus, Reserve and Atlas but the MRCC remains a very good card to hold






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1 Comment


Guest
Dec 19, 2022

Very well explained

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