Choose American Express Credit Card To Enjoy a Host of Privileges

“I want to have an AMEX Card in my pocket. I’ve heard it’s quite fantastic!”, this is one of the common sayings you must have heard from people. Wait, you never heard about AMEX and listened to it for the first time! Well, don’t need to worry a bit. AMEX is nothing but a common term for American Express Credit Card among people. Since the time credit cards launched in Indian market, it has only grown more and more with each passing year. Despite several players in the market as Banks and NBFCs, credit cards from American Express are quite popular among customers.

You must be thinking about the reason behind the popularity of American Express Credit Card. Well, there are several: Rewarding Offers, Lifestyle Benefits, Membership Rewards Program on spendings, Platinum Concierge, and many other exciting features. American Express offers a range of different cards to customers from which they can choose according to their lifestyle. In this article, we will focus on the Membership Rewards Credit Card from American Express. We will discuss the reason behind its popularity among customers, what are its features, and many other important things. Let’s get to it.

Prominent Features of American Express Credit Card Membership Rewards that you should know

You must want to know about those features that make an American Express Credit Card so much efficient and desirable among credit cardholders. Well, we are telling you all of them below. Please have a look.

• As soon as you join this card, you will get a Welcome Gift of 4,000 Bonus Membership Rewards Credit Card that you can redeem against a wide array of offers.

• On using your American Express Credit card for making 4 transactions of INR 1,000 or more in a month, you will earn 1,000 Bonus Membership Reward Points. You see, how simple is to earn reward points? Just use your card on different transactions in a month.

• On every spending of INR 50 on categories except Fuel, Cash Withdrawals, Insurance, Utilities and EMI Conversion, you will earn 1 Membership Reward (MR) Points. So, let’s say you booked a movie ticket worth INR 400 with your card, you will get 8 MR points.

• All the membership Reward Points can be redeemed from the unique 18 and 24 Karat Gold collection that offers a range of benefits.

• You can redeem your MR points against vouchers from Taj, Tanishq, Amazon, American Express Domestic Travel, and Statement Credit worth INR 6,000. All these vouchers can add upto INR 24,000.

Joining and Annual Fees

To get this American Express Credit Card, customers will need to pay a joining fee worth INR 1,000 plus GST charges. After the first year, customers will need to pay INR 4,500 plus GST as the Renewal Fee. But there is a way to get your renewal fee waived off. Well, if you manage to earn INR 1,50,000 in the previous year with your card, 100% of your Renewal Fee (INR 4,500) will be waived off. While if it remains between INR 90,000 to INR 1,49,999, 50% of your renewal fee will be waived off.

Eligibility Criteria for American Express Credit Card

To get this American Express Credit Card into your pocket, customers will need to fulfill a few conditions. We are showing them below. Have a look!

• The applicant (salaried and self-employed) should be above 18 years of age.

• Applicants should have a personal annual income of INR 6 lakhs and above.

• The applicant should have a good credit history and have a current/permanent residential address in India.

• In case of Self-employed individuals, the company must be trading for more than 12 months.