American Express Membership Rewards Credit Card (MRCC) is the best way to get into the world of Amex as an entry-level credit card. If you use this card just to get the 1000 MR bonus points monthly, you can easily get a return of more than 10%. if you are a first-time credit card user, then, you can go with this card.
Apart from that, you will also get access to the amazing Amex Offers which are very lucrative most of the time. You can also apply for this credit card with a low monthly salary. And despite being the starting card, this credit card provides you all the benefits.
Amex membership rewards credit card(MRCC)
Amex membership rewards credit card is a multipurpose credit card. Meaning you can use this card to make payment according to all your needs. You can use this card for any bill payment online or offline.
American express membership rewards credit cards offer Regular, monthly, and additional rewards points.
Amex membership rewards credit card issued by AMEX.
Interest Rates & Fees Summary
| Type of fee or charge | Amount |
|---|---|
| Joining fee | Rs. 1,000 plus applicable taxes |
| Annual fee | Rs. 4,500 plus applicable taxes |
| Interest rate | 3.5% per month |
| Cash withdrawal fee | 3.5% of the Cash Advance amount, subject to a minimum of INR 250 |
| Rewards redemption fee | Rs.99 per request |
| Late payment fee | Check AMEX website for updated rates for fee and charges section |
| Payment dishonour fee | 2% of the payment amount or Rs.450 |
| Annual Fee waiver | Spend 1,50,000 INR in one year using credit card |
| Over-limit fee | 2.5% of the over-limit amount or Rs.500 |
| Card replacement charge | Rs.100 |
Features and Benefits of Amex membership rewards credit card(MRCC)
| Rewards point benefits | 1 point for every Rs. 50 spent |
| Monthly rewards | Spend Rs.1500*4 times a month and get 1000 Bonus points every month Repeat every month to get up to 12,000 points every year. Spend Rs.20,000 or above and get 1000 points more, every month. |
| Welcome Bonus | 4000 Reward points |
| Annual fee waiver | Spend Rs.1.5 lakh or more on your credit card and the annual fee will be waived. |
| Wave and make payments | The card is enabled for contactless technology hence allows you to make payments by simply waving it at the retail terminals. |
| Fuel benefit | Receive a 1% fuel surcharge waiver on every fuel transaction between the amounts of Rs.500 and Rs.3,000. |
| Worldwide acceptance | The Amex membership rewards credit card(MRCC) is accepted internationally and can be used in more than 24 million outlets across the globe including 3.25 lakh outlets within India. |
| Insurance Benefits | American Express also offers you customised Health Insurance & Car Insurance plans |
| Balance transfer facility | Outstanding dues from other bank credit cards can be transferred to Amex membership rewards credit card(MRCC) at a low-interest rate through the Balance transfer facility. |
| Flexipay option | Any purchase above Rs.2,500 can be converted into an EMI purchase with the Flexipay option. |
| Airport Lounges benefits | 4 free visits to international Priority Pass airport lounges & 8 free visits to airport lounges in India |
Who can take Amex membership rewards credit card(MRCC)?
Eligibility for MRCC is
- You must be a citizen of India.
- Your age should be minimum of 18 years and a maximum of 65 years.
- You must have a source of earning every month more than Rs 32000.
Documents required for Amex membership rewards credit card(MRCC)
- Proof of Identity (PAN Card, Aadhar Card, Driver’s License, Passport, Voter’s ID) you will have to give any one of these.
- Proof of Address (PAN Card, Aadhar Card, Driver’s License, Passport, Voter’s ID) you will have to give any one of these.
- Proof of Income (Latest One or 2 Salary Slip, Latest Form 1, Last 3 Months Bank Statement) you will have to pay any one of these.
- One passport size photo
How to apply for Amex membership rewards credit card(MRCC)
- First of all, you have to go AMEX website.
- After this, you have to search MRCC card there.
- After that, you have to enter your email.
- After this, you have to register through OTP by entering your mobile number.
- After that, you have to enter your basic information into it.
- After this, you have to put your work information inside it.
- After this, you have to tell how much you earn every year and every month.
- After this, your application will go to review.
- After this, you will get a call from SBI.
- After this, if everything goes well then your card is approved.
- After this, you will get the card at your home within 15 days.
- After that, you can use this card.
To know more details about the Amex membership rewards credit card(MRCC)
Please visit : https://www.americanexpress.com/in/credit-cards/membership-rewards-card/
FAQ
Are spends on fuel, insurance, and utility transactions excluded from the spend Rs.1000*4 times a month and get 1000 Bonus points every month offer?
Not excluded. However, you will not get base MR Points.
Does MRCC allow points transfer to hotel and airlines partners of Amex like Platinum Travel?
Yes
Can we get MRCC Card for a lifetime free?
Yes
For monthly rewards, is it calendar month or statement cycle month?
It is a calendar month.
Has anyone managed to get more than a 4L credit limit on this card?
Not possible as per CS. 4L Is the maximum on MRCC!
Is the Amex rewards card worth it for new users?
It’s good for new credit card users.