This is the perfect card for individuals in the premium spending category looking to earn reward points on their everyday spends.
As the name suggests, the card is known for its rewards program, to the point that it rewards practically all spends. While that is the primary benefit of the card, there are various other features. Here are some of them:
The card offers you up to 20,000 or more bonus reward points every year. Within the first 60 days of joining, you earn 4,000 bonus points. Then you earn 1,000 bonus points for simply using your card 4 times on transactions of ₹1,000 and above every month. You also earn 5,0000 bonus points on renewing the card membership.
The card rewards 1 point for every ₹50 spent on it. This is one of the highest in the market since most card companies provide 1 points for every ₹100 or ₹150 spent.
American Express is a treat in the number of redemption options that it provides its customers. What’s more is that you can use your points to pay at certain merchants for shopping and dining directly.
24,000 points redemption options include:
–MakeMyTrip Holiday Voucher
-Good Earth Gift Card worth ₹13,000
-Statement credit worth ₹10,000
18,000 points redemption options include:
-WelcomHeritage Luxury Stay
-Bose Soundlink speakers
-Statement Credit worth ₹7,500
Even if you convert your points to rupees, you enjoy one of the highest conversion rates. While most cards offer a conversion rate of 25 paise per point, with this card you could enjoy a conversion rate as high as 42 paise. This way you can gain a lot more cash by redeeming your collected points.
You can enjoy up to 20% off every time you dine at select restaurant partners. The list of restaurants is extensive and covers major cities across the globe.
For all the globetrotters this card can offer amazing travel benefits, especially if you book through MakeMyTrip. Say, for a domestic flight, you can save up to ₹500 on a round trip easily. For international flights, the cashback can be as high as ₹6000. For hotel bookings, the exclusive discounts can be as high as 70%.
Without any hassle, you can convert your bigger spends to easy EMIs. So you no longer have to limit your dreams and you can make bigger purchases and spends easily.
If you ever lose your card, you do not have to worry about paying for any fraudulent transactions. Just report your card missing and you no longer have to worry about it. Also, an emergency replacement for your lost card would be readily available.
American Express provides 24*7 support facility to its members if they have some queries related to the card. This goes a long way to enhance the experience of the users.
Like any other card on the planet, the American Express Membership Rewards credit card also falls short on some aspects. You can find them here:
|Primary Feature||1 reward point for every ₹50 spent, except on select spends.|
|Interest Rate for missed/ default payment||Up to 3.50% per month, i.e. (42.00% annually)|
|Cash Advance fee||2.5% (minimum of ₹500)|
This card is a definite yay! The strongest feature of this card is the rewards program of the card. Not only do you earn manifold bonus points, you also earn more points on smaller transactions. In addition to that, the card comes with an array of good features that can help you save thousands of rupees. The card certainly makes you feel the privileges of having an American Express card.