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American Express Membership Rewards: rewards, caps and changes

What this card earns where, the caps that stop it, and what changed recently. Rates in the "Worth" column value one Membership Rewards Points (MRCC) unit at ₹0.33 (mrcc 18 karat gold collection: 18,000 points for a ₹6,000 amazon or flipkart voucher).

What it earns

Milestones

• 1,000 bonus MR points (₹330 at ₹0.33/pt) for spending ₹20,000+ in a calendar month. Enrolment required; from 11 Oct 2026 counted by posting date.
• 1,000 bonus MR points (₹330 at ₹0.33/pt) for 4 transactions of ₹1,500 or more in a calendar month. The threshold is the ₹6,000 minimum; the real condition is 4 separate transactions of ₹1,500+.

Recent changes

• New feeReportedAmerican Express· since 11 October 2026

  Reported: Amex MRCC to lose its 50% annual fee waiver tier

  CardInsider reports that the 50% renewal-fee waiver on the Membership Rewards Credit Card at ₹90,000 of annual spend ends from 11 October 2026, with monthly milestones counted by posting date. Amex's MRCC page still shows the waiver with no end date.

  Cards: American Express Membership Rewards

  Source: CardInsider

• CutReportedAmerican Express· since 11 October 2026

  Reported: Amex Membership Rewards points to stop pooling across cards

  Live From A Lounge reports, from cardmember emails, that from 11 October 2026 each proprietary Amex card's Membership Rewards balance will be kept separately, with no transfers between cards. Amex India hasn't published this on its website, and its current Membership Rewards terms still allow linking cards to pool points.

  Applies across American Express's cards

  Source: Live From A Lounge

• CutAmerican Express· since 30 September 2026

  Amex India shuts the Reward Multiplier bonus-points portal

  Amex India's Reward Multiplier programme, which gave accelerated Membership Rewards on purchases with select brands, closes on 30 September 2026; purchases completed by 29 September are honoured. Accelerated points on eligible ShopWise e-voucher purchases continue.

  Applies across American Express's cards

  Source: American Express India – Reward Multiplier page

• BetterReportedAmerican Express· since 18 August 2026

  Amex India improves points transfers to Virgin Atlantic and Hilton

  1,000 Membership Rewards points now convert to 800 Virgin Atlantic points (was 500) and 1,500 Hilton Honors points (was 900).

  Applies across American Express's cards

  Source: CardExpert

• CutReportedAmerican Express· since 1 July 2026

  Amex India drops Etihad Guest as a points transfer partner

  Membership Rewards points can no longer be transferred to Etihad Guest in India from 1 July 2026, as part of Amex's global exit from the partnership. Transfers had been at a 2:1 ratio.

  Applies across American Express's cards

  Source: Live From A Lounge

• Benefit changeAmerican Express· since 27 January 2026

  Amex India pauses Travel With Points redemptions

  The Travel With Points option, which let cardmembers redeem Membership Rewards on the Amex Travel Online platform, was temporarily paused. Amex told cardmembers by email in December 2025.

  Applies across American Express's cards

  Source: American Express India – Membership Rewards T&C