American Express has introduced two retention offers for the Membership Rewards Credit Card upon renewal:
1. 75% Discount on Renewal Fee:
- Pay only ₹443 as the net renewal fee (after a 75% discount on the original fee of ₹1,770, including GST).
2. Spend ₹30,000 in 90 Days for a Full Refund:
- Spend ₹30,000 within 90 days to receive a full refund of the renewal fee, including GST.
- Eligible spending categories include fuel, rent, education, NPS, wallets, insurance, gold, and more—no excluded categories.
These options provide flexibility for cardholders, allowing them to choose between a reduced upfront cost or the opportunity for a complete fee refund through spending.