American Express Membership Rewards Credit Card
Apply for the best credit card of American Express
Welcome Benefits
- Welcome Gift of 4000 Bonus Membership Rewards Points
American Express Membership Rewards Credit Card: Fees & Charges
| Type of fee or charge | Amount (Rs.) |
|---|---|
| Joining Fee: | ₹ 1000+ GST |
| Annual/Renewal Fee: | ₹ 4500+ GST |
| Finance Charges: | 3.50% per month (42.00% annually) |
| Spend Based Waiver: | The Annual Membership Renewal fee of Rs.4500 will be 100% waived off if total spending is Rs.1,50,000 and above; else 50% fee will be waived off if total spending is Rs.90,000 to Rs.1,49,999 |
| Over Limit Penalty: | 500 per instance |
| Rent Payment charges | NULL |
| Forex Charges: | 3.49% of the transaction value |
| Minimum Repayment Amount: | 5% of Total outstanding (Min. Rs. 100) + All charges/fees/taxes + EMI |
| Cheque Return Fees: | 2% of Total Amount Due or Minimum of 500 whichever is higher |
Eligibility criteria
Age: Applicants should be at least 18 years old.
Income: A stable annual income is essential, typically a net annual income of 6 lakh or more.
Credit Score: A good CIBIL score, ideally between 750 and 900, can significantly boost approval chances
The applicant must be an Indian citizen and valid address proof
Document Requirements
1. Aadhaar card, Passport, PAN card as your Identity proof
2. Any Utility bill, Passport, or Voter ID as your address proof
3. Salary slips, bank statements, or IT returns as your income proof
Other Information
Frequently Asked Questions
What is the annual fee of American Express Membership Rewards Credit Card?
The Annual fees of American Express Membership Rewards Credit Card is 4500+ GST. And there is Joining fees is 1000+ GST.
What is the interest rate on the American Express Membership Rewards Credit Card?
The American Express Membership Rewards Credit Card has an interest rate of 3.50% per month (42.00% annually)
Are there foreign transaction fees on the American Express Membership Rewards Credit Card?
Yes, The American Express Membership Rewards Credit Card charges a 3.5% fee for all transactions in foreign currency .
What is the credit limit of American Express Membership Rewards Credit Card?
The credit limit for the American Express Membership Rewards Credit Card is based on multiple factors, such as your income, repaying capacity, and credit history. American Express does not specify a fixed credit limit for this card. It will communicate to you time of issuance of card. American Express offer Pre-approved Credit Limit to existing card holder. So if you are eligible by few step you can increase your credit limit.
Card other Details
American Express Membership Rewards Credit Card Credit Limit: Up to ₹10 Lakh