American Express Membership Rewards Credit Card — Rewards, Fees & Value
American Express · amex · entry
Reward rate by category
Effective value back per ₹100 spent, after our cap-aware audit. Points valued at best redemption.
Transfer partners
Points can transfer to: air india flying returns, singapore airlines krisflyer, marriott bonvoy.
Key benefits
- 1,000 bonus points monthly on 4+ transactions
- 18 Karat Gold Collection instant redemptions
- Transfer to 12+ airline and hotel partners
- 24/7 Amex customer service
Calculate your exact points value, or let the Card Finder check whether the Membership Rewards belongs in your stack.
FAQs
The American Express Membership Rewards Credit Card earns up to 3.2% effective value on dining & food delivery and 3.2% on groceries. Its base rate is about 1.6%.
The Membership Rewards has an annual fee of ₹1,500.
On the Membership Rewards, one point is worth up to about ₹0.8 via its best redemption, or around ₹0.25 as cashback.
Reward data last verified 2026-06-01. Rates and fees change frequently — always confirm on the issuer's website before applying. RewardsAI is an independent tool and not affiliated with American Express.