M16S / American Express / Amex Platinum Reserve Credit Card
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Amex Platinum Reserve Credit Card
The Amex Platinum Reserve Credit Card costs Rs 10,000 a year, waived if you spend Rs 10,00,000 in a year. Its base return is 0.5% (1 MR per Rs 50). The forex markup is 3.5%. Lounge visits in India: 12 per year, max 3 per quarter, at listed domestic lounges. Read from the issuer's documents and an aggregator on 11 Oct 2026.
- Annual fee
- Rs 10,000+ GST
- Fee waived at
- Rs 10,00,000annual spend
- Base return
- 0.5%
- Forex markup
- 3.5%
- Interest
- 3.5%a month
What changed on this card
- 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.
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 10,000 |
|---|---|
| Annual fee | Rs 10,000 |
| Annual spend that waives the fee | Rs 10,00,000 |
| Fee notes | Rs 10,000 + GST first year and renewal (Option 2). Renewal fee waived 100% on Rs 10 lakh eligible spend in the preceding membership year. A legacy Option 1 exists: Rs 50,000 lifetime foundation fee plus Rs 10,000 annual maintenance fee, waived above Rs 1.9 lakh spend. Up to 4 supplementary cards free, Rs 1,500 each after. |
Rewards
| Welcome benefit | 11,000 bonus MR points on paying the annual fee and spending Rs 30,000 within 90 days (first year only) |
|---|---|
| Reward currency | Membership Rewards points |
| Base earn | 1 MR per Rs 50 |
| Base returnunverified | 0.5% |
| Point valueunverified | No card-specific collection published. Aggregator estimates: statement credit about Rs 0.25-0.30 per MR; airline transfers about Rs 0.50; Marriott about Rs 0.60. |
| Accelerated earnunverified | 5 MR per Rs 50 on ShopWise e-vouchers (per ShopWise T&C; benefit page says 3X); 5X at RewardXcelerator brands (aggregator says Reward Multiplier links closed 30 Sep 2026) |
| Caps | No cap on base earn. ShopWise bonus MR capped at 25,000 per month; Amazon vouchers limited to Rs 20,000 per month per account. |
| Spends that earn nothing | Fuel (petrol, diesel, CNG from oil marketing companies), insurance, utilities (electricity, gas, water), cash transactions, EMI conversion at point of sale |
| Points expiry | No expiry while the card is active |
| Milestone benefits | Rs 1,000 voucher for each calendar month with Rs 50,000 spend, up to Rs 12,000 a year (enrolment required). Golf: up to 2 complimentary rounds a month at 32+ Indian courses, unlocked by Rs 50,000 spend two months earlier. |
| Reward notes | base_return_pct = 1 MR per Rs 50 x Rs 0.25 (aggregator floor value for statement credit) = 0.5%; about 1% if points are moved to airline partners at the aggregator's Rs 0.50. The Rs 1,000 monthly voucher on Rs 50,000 monthly spend adds up to 2% on exactly that spend. |
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 lounge | 12 per year, max 3 per quarter, at listed domestic lounges |
|---|---|
| International lounge | 2 per calendar year via complimentary Priority Pass (US$99 membership fee waived); further visits US$35 per person |
| Lounge conditions | Priority Pass needs enrolment; free international visits are for the basic cardmember only. Centurion Lounge access in Delhi and Mumbai ended 1 Sep 2023. |
| 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). |
| Other freebies | ALL Accor+ Explorer, Taj Epicure Plus, EazyDiner Prime memberships. Air accident cover Rs 1 crore, purchase protection 60 days, concierge. |
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+, personal annual income Rs 6 lakh+ (salaried or self-employed; self-employed 12+ months trading), resident in a serviced city |
| Fine-print notes | New applications temporarily paused per Amex India site (read 11 Oct 2026). Default interest rate 3.99% a month after missed minimum payments. Golf and monthly voucher both hinge on Rs 50,000 a month of spend. |
Questions
- What is the annual fee of the Amex Platinum Reserve Credit Card?
- Rs 10,000 a year, before GST. It is waived if you spend Rs 10,00,000 in a year.
- Does the Amex Platinum Reserve Credit Card give airport lounge access?
- Yes. In India: 12 per year, max 3 per quarter, at listed domestic lounges. Outside India: 2 per calendar year via complimentary Priority Pass (US$99 membership fee waived); further visits US$35 per person. Conditions: Priority Pass needs enrolment; free international visits are for the basic cardmember only. Centurion Lounge access in Delhi and Mumbai ended 1 Sep 2023.
- What is the forex markup on the Amex Platinum Reserve Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Amex Platinum Reserve Credit Card?
- Fuel (petrol, diesel, CNG from oil marketing companies), insurance, utilities (electricity, gas, water), cash transactions, EMI conversion at point of sale