RewardMatrix

The American Express Membership Rewards Credit Card (MRCC) is a good starting point for building a relationship with American Express. While positioned as an entry-level card, its reward potential can surpass some premium cards if utilized strategically. The card's strength lies in its milestone rewards, where substantial bonus points can be earned by meeting specific spending targets each month. The MRCC offers 1 Membership Rewards Point for every ₹50 spent on eligible purchases. However, it's important to note that fuel, insurance, utilities, and cash transactions are excluded from earning rewards. The accumulated points can be redeemed for a variety of brand vouchers through the 18 and 24 Karat Gold Collection programs, featuring retailers like Amazon, Flipkart, Shoppers Stop, and Taj Hotels. While the card lacks travel benefits like lounge access, its focus on shopping rewards and voucher redemptions makes it a compelling option for those who prioritize these perks. The annual fee can be waived with sufficient spending, further enhancing the card's value proposition.

Intro Offers

4,000 Membership Rewards Points

Condition: Upon payment of joining fee and spending ₹15,000 within 90 days.

2,000 Referral Bonus Membership Rewards Points

Condition: Apply through a referral link and spend ₹5,000 within 90 days.

Fees

Annual Fee

₹4.5K

Waived off after spending ₹1.5L

Joining Fee

₹1K

Forex Fee

3.5%

Eligibility

#1
Credit Score
750+
#2
Annual Income
₹6 Lakh+
#3
Age
18 years or older
#4
Residency
India

Reward Points

Total spend via reward multiplier portal

2.00 Membership Rewards Points for every ₹50 spent

Total regular spend in a month

1.00 Membership Rewards Points for every ₹50 spent

Examples:

Spending ₹10,000 on regular purchases earns 200 Membership Rewards Points.
Spending ₹10,000 via Amex Reward Multiplier earns 400 Membership Rewards Points.
Making 4 transactions of ₹1,500 each earns 1,000 bonus Membership Rewards Points.
Spending ₹20,000 in a month earns 1,000 bonus Membership Rewards Points.
Combining regular spends, reward multiplier, and milestones, spending ₹26,000 (₹6,000 regular + ₹20,000 reward multiplier) can earn a total of 2,400 (200 + 400 + 1000 + 1000) Membership Rewards Points.

Exclusions:

Fuel

Utilities

Insurance

Cash Transactions

EMI Transactions

Milestones

Milestone #1

1,000 bonus Membership Rewards Points

4 transactions of ₹1,500 or more in a calendar month

Milestone #2

1,000 bonus Membership Rewards Points

Spend ₹20,000 or more in a calendar month

Redemptions

AIRLINE PARTNERS

List of conversion options of airline partners.
Airline Partner	Conversion Rate	Multiplier
Cathay Pacific (Asia Miles)	800 Points = 400 Asia Miles	x0.5
British Airways (Avios)	1,200 Points = 600 Avios	x0.5
Emirates (Skywards)	800 Points = 400 Emirates Skywards Miles	x0.5
Etihad Airways (Etihad Guest)	1,600 Points = 800 Etihad Guest Miles	x0.5
Qatar Airways (Avios)	500 Points = 250 Avios	x0.5
Singapore Airlines (KrisFlyer)	800 Points = 400 KrisFlyer Miles	x0.5
Virgin Atlantic (Flying Club)	800 Points = 400 Virgin Points	x0.5

HOTEL PARTNERS

List of conversion options of hotel partners.
Hotel Partner	Conversion Rate	Multiplier
Hilton Honors	1,000 Points = 900 Hilton Honors Points	x0.9
Marriott Bonvoy	100 Points = 100 Marriott Bonvoy Points	x1

GIFT VOUCHERS

List of conversion options of gift voucher merchants.
Partner Brand	Conversion Rate	Multiplier
Taj	24,000 Points = Rs. 14,000 Taj Voucher	x0.58
Shoppers Stop	24,000 Points = Rs. 10,000 Shoppers Stop Voucher	x0.42
Reliance Digital	24,000 Points = Rs. 8,000 Reliance Digital Voucher	x0.33
Amazon	24,000 Points = Rs. 8,000 Amazon Voucher	x0.33
Tanishq	24,000 Points = Rs. 9,000 Tanishq Voucher	x0.38
Flipkart	24,000 Points = Rs. 8,000 Flipkart Voucher	x0.33
Tata CLiQ	24,000 Points = Rs. 9,000 Tata CLiQ Voucher	x0.38
Taj	18,000 Points = Rs. 9,000 Taj Voucher	x0.5
Shoppers Stop	18,000 Points = Rs. 7,000 Shoppers Stop Voucher	x0.39
Tata CLiQ	18,000 Points = Rs. 7,000 Tata CLiQ Voucher	x0.39
Amazon	18,000 Points = Rs. 6,000 Amazon Gift Card	x0.33
Flipkart	18,000 Points = Rs. 6,000 Flipkart Voucher	x0.33
Myntra	18,000 Points = Rs. 7,000 Myntra Voucher	x0.39
Reliance Digital	18,000 Points = Rs. 6,000 Reliance Digital Voucher	x0.33

STATEMENT BALANCE

1 Point = Rs. 0.33 (18 Karat Gold Collection)

1 Point = Rs. 0.37 (24 Karat Gold Collection)

Rewards Calculator

ON MONTHLY SPEND

Reset

40KYour monthly expenditure

Total regular spend in a month (₹)

2.00% rewards

Total spend via reward multiplier portal (₹)

4.00% rewards

REWARD POINTS EARNED

0 Membership Rewards Points earned per year

POINT REDEMPTION OPTIONS

0 Airline miles

0 Hotel points

0 Worth of gift vouchers

0 Worth of statement balance

Lounge Access

No lounge access available for this card.

Discounts

Dining

Up to 20% off at select restaurants.

Fuel

0% convenience fee at HPCL fuel pumps for transactions less than ₹5,000. 1% fee for transactions ₹5,000 and above.

Movie

No Movie discounts on this card

Insurance Coverage

No insurance coverage available on this card.

Other Features

EMI Conversion

Available for purchases of ₹5,000 or more.

Fraud Protection

Zero lost card liability, 24/7 card assistance, emergency card replacement, and dispute resolution.

Pros & Cons

PROS

Milestone Rewards
Earn bonus reward points by meeting monthly spending targets.
Brand Voucher Redemptions
Redeem points for vouchers from popular brands like Amazon, Flipkart, and more.
Annual Fee Waiver
Waive the annual fee by meeting the required annual spending.

CONS

No Travel Benefits
Lacks travel perks such as lounge access or travel insurance.
Excluded Spend Categories
No rewards earned on fuel, insurance, utilities, and cash transactions.
Limited Redemption Options
Rewards primarily limited to brand vouchers.

Who should get this card

This card is best suited for individuals new to credit cards or those seeking a simple rewards program focused on online shopping and brand vouchers. It's ideal for those who can consistently meet the monthly spending milestones to maximize reward earnings and offset the annual fee.