Amex Membership Rewards
Amex
Amex Membership Rewards
American Express · Amex
Quick answer
Amex Membership Rewards by American Express has an annual fee of ₹4,500 and APR of 42%. Best for shopping. Pay the full bill every month — carried balances cost far more than any reward.
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Joining fee
₹1,000
Annual fee
₹4,500
Forex markup
4%
APR
42%/yr
Fee waiver: 18,000 bonus points cover the fee if you hit spend milestones
What you earn
- 1%1 point per ₹50; strong milestone bonuses
Welcome: 4,000 bonus points on ₹15,000 spend in 90 days
Lounge access
No domestic lounge access
Who it's for
Minimum income ₹50,000/month · credit score 750+. For salaried, self-employed.
What's great
- Best-in-class milestone rewards
- Excellent customer service
- Great for structured spenders
Watch out for
- Lower Amex acceptance in India
- Rewards need milestone discipline
Compare head-to-head
One honest reminder: a card is only worth it if you clear the full bill every month. At 42% a year, carried balances cost far more than any reward here is worth.