American ExpressVisaMembership Rewards Credit Card
4.2NeoFinQ editorial rating
Monthly milestone rewards with up to 7% effective returns
- Monthly milestone system
- Flexible redemption
- Fee waiver possible
- Joining fee
- ₹1,000
- Annual fee
- ₹1,500
- Reward type
- miles
- Best for
- Miles
- Est. rewards
- ₹21,000/yr
Our verdict
Great for disciplined spenders who want monthly reward triggers and up to 7% returns.
Perfect for
- Disciplined monthly spenders
- Reward point maximizers
Not ideal for
- Cashback seekers
- Low spenders
Pros & cons
- Monthly milestone system
- Flexible redemption
- Fee waiver possible
- No lounge access
- Annual fee from 2nd year
Rewards
1 MR/₹50 base; 2X via Gyftr; 2,000 MR milestone/month
| Category | Earn rate |
|---|---|
| Dining | 5% |
| Fuel | 5% |
| Groceries | 5% |
Welcome offer
2,000 Bonus Membership Rewards Points on spending ₹5,000 within 60 days and payment of joining fee.
Benefits
Travel
- NA
More benefits
- Welcome Bonus: 2,000 Bonus Membership Rewards Points on spending ₹5,000 within 60 days and payment of joining fee.
- Milestone: 1,000 MR Points for 4 transactions of ₹1,500+; additional 1,000 MR Points on total monthly spends of ₹20,000+. Spends on Fuel, Insurance, Utilities, Cash, and EMI do not count towards the 4-transaction milestone.
Fees & charges
| Joining fee | ₹1,000 |
| Annual fee | ₹1,500 |
| Renewal fee | ₹1,500 |
| Fee waiver | Full waiver on ₹1.5L/year; 50% waiver on ₹90K-₹1.5L |
Eligibility
Min. income (annual)
₹6L
Employment
Salaried / Self Employed
Frequently asked questions
How to waive the annual fee?
₹1.5L for full waiver, ₹90K-₹1.5L for 50% waiver.
Does it include lounge access?
No.
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Annual fee ₹1,500