The MRCC is an entry-level credit card with a solid rewards program. Unlike many banks that have reduced benefits or added exclusions, AmEx has kept its rewards steady. Here’s a breakdown of its key features.
Earning Rewards
- 1 MR Point per ₹50 spent (most banks offer points per ₹100)
- 1,000 bonus MR Points for 4 transactions of ₹1,500+ per month
- 1,000 additional MR Points for spending ₹20,000+ per month (one-time enrollment required)
No Expiry on Points
MR Points never expire, allowing you to accumulate and redeem them anytime.
Accelerated Rewards
Earn 2X points on purchases via the AmEx Rewards Multiplier platform, including shopping and gift vouchers.
Exclusions
No points on fuel, insurance, utility bills, cash transactions, and EMI conversions. However, you can buy Amazon Pay vouchers to indirectly earn points on insurance and utilities.
Fuel Surcharge Waiver
1% convenience fee waived at HPCL fuel stations for transactions below ₹5,000.
Redeeming MR Points
- Gift Vouchers & Payments: Up to ₹0.25 per point
- 18K & 24K Gold Collection: Value up to ₹0.58 per point
- Airline & Hotel Transfers: Convert points to programs like KrisFlyer (2:1) or Marriott Bonvoy (1:1)
- Statement Credit: ₹0.25 per point
Fees & Eligibility
- First-Year Fee: ₹1,000 + GST (4,000 MR Points on ₹15,000 spend in 90 days)
- Renewal Fee: ₹4,500 + GST (waived on ₹1.5L spend, 50% waived on ₹90K spend)
Should You Get It?
If you shop online frequently and can meet the spend milestones, MRCC offers good value. However, AmEx acceptance is limited offline.
Would you consider adding American Express Membership Rewards Credit Card to your wallet?