American Express Membership Rewards Credit Card (MRCC) Review

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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:

  • A good credit score – preferably 750 and above
  • Annual Income of Rs 6 Lakhs and above

Fees and Charges

Joining Fee / First-Year Fee Rs 1000 plus GST
Welcome Benefit 4000 Membership Reward(MR) points
Annual Fee Rs 4500 plus GST
Annual Fee Waiver Fully waived if annual spending > Rs 1.5 Lakhs
50% waived if annual spending > Rs 90K and < 1.5 Lakhs
Renewal Benefit 5000 MR points if the annual fee is realized

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

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
Make 4 X Rs 1500 transactions every month 1000 120 Rs 72000 13440
Spend Rs 14000 every month for 6 months 1000 280 Rs 84000
  • 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

Amazon Rs 7000 39 paise
Flipkart Rs 7000 39 paise
Croma Rs 7000 39 paise
Myntra Rs 8000 44 paise
Shoppers Stop Rs 8000 44 paise
Big Basket Rs 8000 44 paise
Taj Rs 9000 50 paise

24 Carat Gold Collection – For 24000 MR points

Amazon Rs 9000 38 paise
Flipkart Rs 9000 38 paise
Croma Rs 9000 38 paise
Tanishq Rs 10000 42 paise
Shoppers Stop Rs 11000 46 paise
Vistara Rs 11000 46 paise
Taj Rs 14000 58 paise


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.

Transfer to Airlines/Hotel Loyalty Programs

Asia Miles 800 Points = 400 Asia Miles
Club Vistara 900 Points = 300 Club Vistara Points
Emirates Skywards 800 Points = 400 Emirates Skywards Miles
Etihad Guest 1600 Points = 800 Etihad Guest Miles
Hilton Honors 1000 Points = 900 Hilton Honors Points
Marriott Bonvoy 100 Points = 100 Marriott Bonvoy Points
PAYBACK 1 Point = 1 PAYBACK Point
Qatar Privilege Club 500 Points = 250 Avios
Singapore KrisFlyer 800 Points = 400 KrisFlyer Miles
Virgin Atlantic Flying Club 800 Points = 400 Virgin Points

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.

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.

I am passionate blogger and youtuber since 2018 and self study Programmer.

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