American Express
Membership Rewards Credit Card
SimplifyCards take:A good fit if you want a card built for monthly milestones, shopping, and vouchers
✓
Best for Partner MerchantsBest for
2 Membership Rewards Points / ₹50 spent via Reward Multiplier on select brands
!
Avoid for heavy international useWatch out
A 3.5% forex markup is on the higher side for overseas spends
✦
Good fit if you want a card built for monthly milestones, shopping, and vouchersBottom line
It combines accelerated rewards on partner merchants and milestone rewards
Estimate your Membership Rewards
Adjust your monthly spend to see the card's estimated annual value
How the card works
Membership Rewards rates
| Category | Rate |
|---|---|
| Retail | 1 Membership Rewards Point / ₹50 spent on eligible categories |
| Partner Merchants | 2 Membership Rewards Points / ₹50 spent via Reward Multiplier on select brands |
Redemption
Statement balanceupto ₹ 0.25 per point
Airmile transferupto 1 airmile per point
18K/24K Gold Collectionupto ₹ 0.583 per point
| Airline | Programme | Ratio |
|---|---|---|
| British Airways | Executive Club | 2:1 |
| Singapore Airlines | KrisFlyer | 2:1 |
| Qatar Airways | Privilege Club | 2:1 |
| Emirates | Skywards | 2:1 |
| Etihad Airways | Etihad Guest | 2:1 |
| Virgin Atlantic | Flying Club | 5:4 |
| Air India | Maharaja Club | 2:1 |
| Hotel group | Programme | Ratio |
|---|---|---|
| Marriott | Marriott Bonvoy | 1:1 |
| Hilton Hotels | Hilton Honors | 1:1.5 |
| Voucher partner | Programme / collection | Ratio |
|---|---|---|
| Taj Voucher | 24K Gold Collection | 24,000:14,000 |
| Taj Voucher | 18K Gold Collection | 18,000:9,000 |
| Shoppers Stop | 24K Gold Collection | 24,000:10,000 |
| Shoppers Stop / Myntra / Tata CLiQ | 18K Gold Collection | 18,000:7,000 |
| Amazon / Flipkart / Reliance Digital | 24K/18K Gold Collection | 24,000:8,000 |
Important conditions
1
Milestone1,000 Bonus Membership Rewards points on 4 transactions of ₹1,500 or more in a calendar month
2
MilestoneAdditional 1,000 Membership Rewards points on spending ₹20,000 or more in a calendar month
3
Fee waiverRenewal fee waived on annual spends of ₹ 1.5 lakh
Benefits and fine print
Welcome, renewal, and other listed benefits
Joining benefits
- Welcome gift of 4,000 Bonus Membership Rewards points
Renewal benefits
- 5,000 Membership Rewards points upon first-year card renewal on payment of annual membership fee
Additional details
- 50% renewal fee waiver applies when previous-year spends are between ₹90,000 and ₹1,49,999
Latest Updates
Recent changes to this card
American Express improves Virgin Atlantic and Hilton Honors transfer ratios25 Aug 2026
- American Express India has significantly improved Membership Rewards transfer ratios for Virgin Atlantic Flying Club and Hilton Honors
- Virgin Atlantic transfers have improved from 2:1 to 5:4 (60% uplift), while Hilton Honors transfers have increased from 1,000:900 to 1,000:1,500 (67% uplift), making Membership Rewards substantially more valuable for travellers
Eligibility
Check this before you apply
Salaried
- Employed with personal annual income of ₹6 lakh and above
- Good credit history with no payment defaults
- Resident Indian with current or permanent residential address in India
Self-employed
- Self-employed with personal annual income of ₹6 lakh and above
- Company has been trading for more than 12 months
- Resident Indian with current or permanent residential address in India
Exclusions
Spending that does not earn membership rewards
- fuel
- insurance
- utilities
- cash transactions
- EMI conversion at point of sale
- excluded spends as per American Express terms
Featured in our guides
Category shortlists where this card appears in the top picks
Best Premium Credit Cards in India
For high-spend users comparing premium cards where lounge access, travel value, milestones, and fee recovery matter as much as headline rewards
Compare before you decide
Alternatives based on what you might want instead