M16S / American Express / Amex Membership Rewards Credit Card (MRCC)
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Amex Membership Rewards Credit Card (MRCC)
The Amex Membership Rewards Credit Card (MRCC) costs Rs 4,500 a year, waived if you spend Rs 1,50,000 in a year. Its base return is 1.17% (1 MR per Rs 50). The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's documents and an aggregator on 11 Oct 2026.
- Annual fee
- Rs 4,500+ GST
- Fee waived at
- Rs 1,50,000annual spend
- Base return
- 1.17%
- Forex markup
- 3.5%
- Interest
- 3.5%a month
What changed on this card
- American Express MRCC drops 50% annual fee waiver, Nov 2026
The 50% annual fee waiver on spends of Rs 90,000 or more in a Card Membership year is removed from the Membership Rewards Credit Card. Source: American Express, americanexpress.com, read 28 Oct 2026
- American Express India ends Membership Rewards pooling across cards, Nov 2026
From 15 November 2026 Membership Rewards points are kept separately for each Basic Card, and transfers of points from one Card to another are discontinued. Earn rates and redemption options stay the same. Source: American Express, americanexpress.com, read 28 Oct 2026
- American Express India counts spend milestones by posting date from Nov 2026
Monthly spend milestones are assessed on the date a transaction posts to the Card, not the purchase date. The benefit is credited by the end of the month in which the milestone is met. Transactions posted before 14 November 2026 follow the old structure. Source: American Express, americanexpress.com, read 28 Oct 2026
- Amex India changes Membership Rewards and late fees from 15 Nov 2026
From 15 November 2026, Amex India keeps points separately per card, pauses points when a payment is overdue, ends the MRCC 50% fee waiver and bases late fees on the total due.
- American Express India ends Reward Multiplier on 30 Sep 2026
The Reward Multiplier program is discontinued from 30 September 2026. Accelerated Membership Rewards points continue on eligible e-voucher purchases through ShopWise. Source: American Express, americanexpress.com, read 28 Oct 2026
- American Express India launches ShopWise bonus points, Feb 2026
ShopWise, an e-voucher platform, launched on 1 February 2026 and credits Bonus Membership Rewards points on eligible purchases. Bonus points are capped at 25,000 per month. Source: American Express, americanexpress.com, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Rs 1,000 |
|---|---|
| Annual fee | Rs 4,500 |
| Annual spend that waives the fee | Rs 1,50,000 |
| Fee notes | Rs 1,000 + GST first year, Rs 4,500 + GST renewal. Renewal waived 100% at Rs 1.5 lakh spend in the prior membership year; 50% at Rs 90,000-1,49,999 (aggregator reports the 50% tier is removed from 15 Nov 2026). Up to 2 supplementary cards free. |
Rewards
| Welcome benefit | 4,000 bonus MR points on paying the joining fee and spending Rs 15,000 within 90 days |
|---|---|
| Reward currency | Membership Rewards points |
| Base earn | 1 MR per Rs 50 |
| Base return | 1.17% |
| Point value | Gold Collection: 24,000 MR = Taj voucher Rs 14,000 (Rs 0.583) or Amazon/Flipkart/Reliance Digital Rs 8,000 (Rs 0.33); 18,000 MR = Taj Rs 9,000 or Amazon/Flipkart Rs 6,000 |
| Accelerated earnunverified | 1,000 bonus MR for 4 transactions of Rs 1,500+ in a calendar month; another 1,000 bonus MR for Rs 20,000+ spend in a calendar month (enrolment needed); 5 MR per Rs 50 on ShopWise e-vouchers (ShopWise T&C, mapping uncertain) |
| Caps | Monthly bonuses are fixed at 1,000 + 1,000 MR. ShopWise bonus MR capped at 25,000 per month. |
| Spends that earn nothing | Fuel, insurance, utilities (electricity, water, gas), cash transactions, EMI conversion at point of sale |
| Points expiry | No expiry while the card is active |
| Milestone benefits | Monthly: 1,000 MR for 4 transactions of Rs 1,500+; 1,000 MR for Rs 20,000 monthly spend |
| Reward notes | base_return_pct = 1 MR per Rs 50 x Rs 0.583 (24 Karat Taj voucher) = 1.17%. Spending exactly Rs 20,000 a month across 4+ transactions of Rs 1,500 earns 400 base + 2,000 bonus MR, about 7% at the Taj rate or 4% at the Amazon rate. 5,000 MR on first-year renewal when the fee is paid. |
Transfers
| Partnersunverified | Marriott Bonvoy, Hilton Honors, Virgin Atlantic Flying Club, Cathay Pacific Asia Miles, British Airways Executive Club (Avios), Qatar Airways Privilege Club, Singapore Airlines KrisFlyer |
|---|---|
| Ratiounverified | Marriott 1:1; Hilton 1,000 MR : 1,500; Virgin Atlantic 800 MR : 640; Asia Miles, British Airways, Qatar, KrisFlyer 2 MR : 1 mile (enthusiast pages, Aug-Sep 2026) |
Travel and perks
| Domestic loungeunverified | None |
|---|---|
| International loungeunverified | None |
| Forex markup | 3.5% |
| Fuel surcharge waiver | HPCL: 0% convenience fee below Rs 5,000, 1% at Rs 5,000 and above. BPCL/IOCL 1% (min Rs 10). Other oil companies 2.5% (min Rs 10). |
Charges and eligibility
| Interest per month | 3.5% |
|---|---|
| Late payment fee | 30% of minimum amount due, min Rs 500, max Rs 1,000 |
| Cash advance fee | 3.5% min Rs 250 (cash withdrawal temporarily suspended in India) |
| Eligibility | Age 18+. Salaried Rs 4.5 lakh+ a year; self-employed Rs 6 lakh+ with 12+ months trading. Resident in a serviced city. |
| Fine-print notes | New applications temporarily paused per Amex India site (read 11 Oct 2026). From 15 Nov 2026 (aggregator report, postponed from 11 Oct): 50% fee-waiver tier removed, bonus points credited at month end on posting date, no pooling of points across Amex cards, no earning or redemption while overdue. |
Questions
- What is the annual fee of the Amex Membership Rewards Credit Card (MRCC)?
- Rs 4,500 a year, before GST. It is waived if you spend Rs 1,50,000 in a year.
- Does the Amex Membership Rewards Credit Card (MRCC) give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the Amex Membership Rewards Credit Card (MRCC)?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Amex Membership Rewards Credit Card (MRCC)?
- Fuel, insurance, utilities (electricity, water, gas), cash transactions, EMI conversion at point of sale