AMEX Membership Rewards Credit Card Review

[RAMESH BABU N]

On 03/10 applied for MRCC thru referral.

Done VKYC almost immediately.

No document asked. No proofs asked.

APROVED by evening. Card generated by night. Bluedart picked it up on 04/10.

CARD DELIVERED in Tirupati on 06/10 by 9am.

Very happy with AMEX service.

 

[chiggybansal1]

On 03/10 applied for MRCC thru referral.

Done VKYC almost immediately.

No document asked. No proofs asked.

APROVED by evening. Card generated by night. Bluedart picked it up on 04/10.

CARD DELIVERED in Tirupati on 06/10 by 9am.

Very happy with AMEX service.

yes, exactly same happened with my relatives application, which i had applied for no documents were asked and received card on 3rd day morning.

 

[avis_]

American Express has finally started issuing cards since they were put under an embargo by the RBI. Their most sought entry-level but highly rewarding card is known as AMEX Membership Rewards Credit Card. This card if used in the right way can help you yield good reward rates. With the recently started referral program, you can further take advantage of the joining offers.

Let’s check out how we can maximize rewards on it!

AMEX Membership Rewards Credit Card Review - TechnoFino - Best Credit Card & Personal Finance Advisor

The most sought entry-level but highly rewarding card is the AMEX Membership Rewards Credit Card.

www.technofino.in

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***Apply now for any AMEX Card by clicking on the banner above and get all the referral benefits***

On applying for an MRCC card via the link above you get this card First Year Free and a 67% discount on next year's renewal fees as well. Further, you are set to earn 2000 Membership Reward Points on spending ₹5,000 within 90 days!



Case 1: If you spend ₹1,500*4 (₹6,000) transactions per month then you get to earn 13440 MR points in a year and get a reward rate of 7.1% even if you redeem for Amazon Vouchers. But keep in mind that you need to pay annual fees of ₹1,500 in this case and reward rates decrease to 4.63%.


Case 2: If you spend ₹20,000 per month then you get to earn 28800 MR points in a year and get a reward rate of 4.60% even if you redeem for Amazon Vouchers.


So anyways you get to earn a good reward rate of a minimum of 4.63% which is huge for an entry-level credit card.

Case 3: The real earning potential of AMEX lies in its Reward Multiplier where you get 2X reward points on MRCC and the reward rate increases by almost 60bps.


Although AMEX gives no rewards on fuel purchases still you can buy BPCL vouchers and redeem them at your nearest fuel bunk to get an exceptional reward rate of up to 20.66%! (Who Knows)!


TechnoFino Tip: Always try to split your transactions in multiples of ₹1500 to reach your milestone faster.

AMEX Membership Rewards Credit Card Review - TechnoFino - Best Credit Card & Personal Finance Advisor

The most sought entry-level but highly rewarding card is the AMEX Membership Rewards Credit Card.

www.technofino.in

AMEX is one of those cards in which one redemption option can't fit everyone. Some find solace in gold collection vouchers and other in Marriot Bonvoy transfer. Miles enthusiasts can extract value from airlines transfer too. So there is something for every AMEX card holder. While redemption opportunities are a lot I wish AMEX brings 3X and 5X offers from time to time just like in 2020 so that everyone can rack up some points fast!


Are you planning to get the American Express MRCC? Feel free to share your thoughts in the comments below.

How do you say 38 paisa per point for Amazon GV .

I see only 4.4k points, 18K points, 22k points, 24k Points available for Amazon redemption.

according to case 1 I can only go for 3*4400 pts redemption only right ? which is equal to Rs.3000

 

[anilkrsh]

How do you say 38 paisa per point for Amazon GV .

I see only 4.4k points, 18K points, 22k points, 24k Points available for Amazon redemption.

according to case 1 I can only go for 3*4400 pts redemption only right ? which is equal to Rs.3000

After u accumulate 18k or 24k points, you unlock vouchers with higher returns
24k pts = 9k amazon gv
18k pts = 7k Amazon gv

 

[avis_]

After u accumulate 18k or 24k points, you unlock vouchers with higher returns
24k pts = 9k amazon gv
18k pts = 7k Amazon gv

With 14880 points how I can buy 24k or 18k voucher ? If you see the table against 14880 points retrun rate is 7%

 

[Lobogris]

On 03/10 applied for MRCC thru referral.

Done VKYC almost immediately.

No document asked. No proofs asked.

APROVED by evening. Card generated by night. Bluedart picked it up on 04/10.

CARD DELIVERED in Tirupati on 06/10 by 9am.

Very happy with AMEX service.

Key question is self employed or salaried? In any case, you have a long and distinguished credit history, sir.

 

[RAMESH BABU N]

Key question is self employed or salaried? In any case, you have a long and distinguished credit history, sir.

Self employed (IT sector) / position is Director (Operations). Gave my company's name. VKYC Done almost immediately. Their site/They did not ask any documents. Approved in 15 minutes or so.

 

[RAMESH BABU N]

Self employed (IT sector) / position is Director (Operations). Gave my company's name. VKYC Done almost immediately. Their site/They did not ask any documents. Approved in 15 minutes or so.

In the VKYC, I told them that I am a RETURNING CUSTOMER of AMEX n gave the details of my previous Global Green card I held for 4 years prior to 2003.

The guy was Pleasantly surprised n really nice of him to gleefully say - welcome back Sir.

 

[beast_boy]

Where to make the 1500*4 Txn now to get 1000 bonus points

 

[pprakash11]

Where to make the 1500*4 Txn now to get 1000 bonus points

AMEX reward multiplier gyftr

 

[4uziaul]

Where to make the 1500*4 Txn now to get 1000 bonus points

Wherever you feel like. 😁 There is no such restriction.

 

[ALOAK]

See the table. You can get a value of 20% on some Marriott stay redemptions if you can extract a value of 1rs per Bonvoy point. Not for all.

I have never seen for bangalore marriot hotels 1 rs per point value it comes in range of 0.58 to 0.80. Yesterday I was checking for fairfield marriot to book through points revenue shows 6809 inclusive of tax but when I check with pay by points for the same it shows 10000 points quite expensive. Not sure it may give value out of India presume it to be. In india never seen marriot points giving 1 per 1 point.very rare I think. If any one has derived it 1 point per 1 inr or beyond kindly provide some inputs how and which hotels and months to actually use it to get that value

 

[taskmaster]

On 03/10 applied for MRCC thru referral.

Done VKYC almost immediately.

No document asked. No proofs asked.

APROVED by evening. Card generated by night. Bluedart picked it up on 04/10.

CARD DELIVERED in Tirupati on 06/10 by 9am.

Very happy with AMEX service.

Same experience. Card got approved in an hour and received it in 3 days.

 

[minhazuddin]

MRCC is perfect in combination with Gold Charge to redeem the 18K nd 24K gold collection. But now Amex has started allowing to pool Platinum Travel into same Rewards Points pool, making it easy to achieve the 18K nd 24K milestone.

 

[sousnake]

With 14880 points how I can buy 24k or 18k voucher ? If you see the table against 14880 points retrun rate is 7%

So you need to get 18k points first, they are quoting returns based on 18k collection.
18k points into 7k voucher which gives 0.38 value per point. Then you can multiply 14k * 0.38

 

[sudhanshu22]

In MRCC, I see 300 club vistara points for 900 points, would like to know how I can use them. Also, is it same conversion rate for AMEX Platinum Travel card users.