The American Express Membership Rewards® Credit Card (MRCC) is undoubtedly the best management of credit cards that offers a variety of exclusive features and services to card holders. Due to its rewards program, large number of bonus points and spend-based fee waivers, this card can be considered the most beneficial card for spenders and lifestyle lovers. If you want to get this card, I have provided the link, you can apply, if you face any problem then you can contact me on WhatsApp.
Joining And Renewal Fees
The MRCC comes with a joining fee of ₹1,000 and an annual renewal fee of ₹4,500. However, these fees can be significantly reduced or even waived based on your spending habits: Now it will depend on you how much you save and how much you spend
- Joining Fee: ₹1,000
- Renewal Fee: ₹4,500
- Spend-Based Renewal Fee Waiver: Spend ₹1,50,000 annually to get the renewal fee waived entirely, or spend between ₹90,000 and ₹1,49,999 for a 50% waiver.
Apart from this, by applying through referral link you can save joining fee of ₹1,000 for the first year and renewal fee reduced to ₹1,500 from the second year.
Reward Points System
reward card (MRCC) has a robust points system that gives you a chance to earn rewards on every purchase, making it a highly valued choice for cardholders. The reward points system works as follows
Earning Rate
Membership Rewards Point (Mrp) for every ₹50 spent, excluding fuel transactions, utility bill payments, insurance and cash transactions.Bonus Points
Monthly Bonus: Earn 1,000 bonus MRP by completing transactions of ₹1,500 or more every month
Spend-based Bonus: Earn ₹1,000 bonus on spending ₹20,000 in a month (enrolment required).
Welcome Benefit: 4,000 Bonus MRPs upon paying the joining fee and spending ₹15,000 within the first 90 days.
Redemption Options
The Membership Reward Points (MRPs) earned through the American Express Rewards® Credit Card can be redeemed for a variety of exciting rewards under the AmEx 18 and 24 Karat Gold Collection. Here are some examples of what you can get:
Karat Gold Collection (18,000 Points)
- Shoppers Stop Voucher: Worth ₹7,000
- Reliance Digital Voucher: Worth ₹6,000
- Amazon Voucher: Worth ₹6,000
- Myntra Voucher: Worth ₹7,000
- Taj Voucher: Worth ₹9,000
- Flipkart Voucher: Worth ₹6,000
- Tata Cliq Voucher: Worth ₹7,000
Karat Gold Collection (24,000 Points)
- Shoppers Stop Voucher: Worth ₹10,000
- Taj Worth ₹14,000
- Tat cliq vouchers: Worth ₹9,000
- Amazon Voucher: Worth ₹8,000
- Tanishq Voucher: Worth ₹9,000
- Flipkart Voucher: Worth ₹8,000
- Reliance Digital Voucher: Worth ₹8,000
Additional Benefits
Dining Discount: Get up to 20% discount at select restaurants
Liability Protection: Zero liability on lost card, 24×7 card support, emergency card replacement and dispute resolution.
Renewal Rewards: Paying first year renewal fee of ₹4,500 will get you ₹5,000 MRP which you won’t find anywhere else
Eligibility Criteria
To become a member of Rewards Credit Card, you have to apply by fulfilling the eligibility criteria given below.
- Age : Minimum Age: You must be at least 18 years old.
- Annual Income: A minimum annual income of ₹6 lakh is required for both salaried and self-employed individuals.If not, you may have to face a lot of trouble to take advantage of it
- Employment
- For Salaried Individuals: Proof of stable employment with regular income is required.
- For Self-employed Individuals: Your business should be operational for at least 12 months and you should have a solid income
- Permanent Resident: You must be a permanent resident of India.
- Good credit score: A good score is necessary for approval. But it is not stated what the score should be but if your score is good then your chances of getting the loan increase
- Indian Bank Account: You must have an active Indian bank account.
- Identity Proof: Valid identity proof such as an Aadhaar card, PAN card, passport, or voter ID.Address Proof: Current address proof, which can include utility bills, rental agreements, or any government-issued address proof.Income Proof: Recent salary slips, bank statements, and income tax returns for salaried individuals; for self-employed individuals, financial statements and tax returns are required.
- Existing Credit Cards: If you have an old credit card, you can use it here, it will benefit you
- Reapplication : If you are not accepted now then it would take 3 months before you can try again. Any earlier and you may get another rejection.
- Supplementary Cards Eligibility: One can apply for a maximum of two supplementary family members’ cards subject to similar documentation and qualification requirements.
User experience
The Membership Rewards® Credit Card by American Express is famously recognised for its rewarding plan and simple interface hence appreciated by most card holders. These are some of the things that define the user experience: Frequent purchasers MRCC gives a low reward rate with fancy paying option which is perfect for people who shop often. For each Rs.50 spent excluding fuel transaction, you get 1 Membership Reward Point
Avid Shoppers: The high reward rate and redemption options make it an excellent choice for those who frequently shop.
Frequent Spenders: The spend-based fee waivers and milestone bonuses are great incentives for high Spenders.dining Enthusiasts: The dining discounts can add up to significant savings over time.
App And Online Experience
The American Express app is well designed, you can see all the records you have if you have spent anything on it and if you want to see the history you can see it. It comes with two trackers: one for ₹1.9 lakh spend and another for ₹4 lakh spend, which helps you maximize your rewards.
Supplementary Cards
Free Of Cost: First two supplementary cards are free.Amazon Vouchers: Get an Amazon voucher worth ₹750 per supplementary card upon spending ₹2,500 within the first 30 days.Additional Supplementary Cards: Available for ₹1,500 each.
User Reviews
The MRCC has gotten a lot of good reviews from users over benefits and rewards. Here are the brief versions of what other users think:
- Rewarding Experience: Users have accumulated enough MR Points and enjoyed the rewards by choosing rewards like Taj Vouchers and Amazon Vouchers and sharing the joyous feedback with everyone
- Appreciated App Design: The American Express app is well known for its design. Users can also track their card through this app
- Eligibility Challenges: Some users have faced challenges in meeting the eligibility criteria, especially those who have no prior credit card history in India.
Personal Experience
I consider the MRCC to be quite rewarding as an American Express cardholder who has always been loyal. During the first nine months I had had the card, I was able to get meaningful rewards like hotel nights and dinner tickets by just collecting sufficient points. The rewards for reaching milestones/winning depend on how much you spend and are really cool and belonging in wallets everywhere because they really sell themselves.
Conclusion
To enhance the benefits of the American Express Membership Rewards Credit Card, supplementary cards provide added value in extending these enhanced benefits to those who are family members, thereby increasing the value proposition of the card. Thus, they exponentially increase the number of reward points that can be earned on using only the primary card and also form part of the spend required to earn reward levels.
If a primary account holder wants to keep an easy track of everything related to his credit/debit card from his mobile device or computer screen, it is necessary that he monitors subsidiary accounts so that his own account is not jeopardized as he wants to get maximum benefit from each transaction done by all the involved parties. And if you want to apply for this card, then link it and you will be able to apply by using it, if still there is any problem, then contact me, your problem will be solved
FAQ
What is the American Express Membership Rewards Credit Card?
Every spend you make using the American Express Membership Rewards Credit Card leads to the accrual of reward points on purchases like shopping, videos among other expenses. The card comes with exclusive benefits as well as privileges on all your spends.
What is the joining and renewal fee for American Express Membership Rewards Credit Card?
If you want to avail this card, the joining fee is ₹1,000 + GST and the renewal fee is ₹4,500 + GST. If you spend ₹1,50,000 or more annually, the renewal fee can be waived.
How to earn reward points?
You can earn 1 reward point for every ₹50 spent, although fuel transactions, utility bill payments, insurance, and cash transactions do not earn reward points. Additionally, you can earn 1,000 bonus reward points on making four transactions of ₹1,500 or more every month.
How can reward points be redeemed?
Under the range of 18 and 24 Carat Gold of Amex collection, various vouchers and gifts allow redemption of reward points. For instance, you can get a Taj voucher worth ₹9,000 for 18,000 points, a Shoppers Stop voucher worth ₹7,000, among others.
Does this card offer dining discounts?
Yes, with this card you can avail dining discounts at select restaurants, which can be up to 20% off. If you use this card at select restaurants, you can get a lot of benefits
What are the eligibility criteria for this card?
The applicant must be 18 years of age or above.
Annual income should be ₹6 lakh or more (for both salaried and self-employed).
For self-employed individuals, the company should be in trading for the last 12 months.
Must have permanent residence in India.Must have a good credit score.
Can I get supplementary cards with this card?
Yes, you can get two supplementary cards with this card for free. This will allow your family members to also enjoy the benefits and reward points of the card. Hurry up and apply now
What are the benefits of supplementary card?
Spends made on supplementary cards are added to the reward points, allowing points to be accumulated faster. Also, spend-based milestone benefits are also accrued quickly.
How to apply for this card?
If you apply through my referral link then your 1 year annual fee will be waived and you can save money on your annual fee
What is the joining and renewal fee?
Joining fee: ₹1,000 + GST
Renewal fee: ₹4,500 + GST