Cardfare / Cards / American Express Membership Rewards
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
| Where | Rate | Worth | Conditions | Source |
|---|---|---|---|---|
| Everything else | 1 pts / ₹50 | 0.7% | — | Terms |
| Fuel | No rewards | 0% | — | Terms |
| Insurance premiums | No rewards | 0% | — | Terms |
| Bills & utilities | No rewards | 0% | — | Terms |
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
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UpcomingNew feeReportedAmerican Express· from 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
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UpcomingCutReportedAmerican Express· from 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
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UpcomingCutAmerican Express· from 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
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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
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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
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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
Live offers for this card
- YatraAmerican Express· until 25 October 2026· Sun, Sat only
15% off up to ₹2,400 on ₹10,000+ · card EMI only
15% off domestic flights with eligible American Express cards on EMI · Code YRAMEXTRAVELEMI
Offer terms · verified 31 Aug 2026
- YatraAmerican Express· until 25 October 2026· Sun, Sat only
15% off up to ₹10,000 on ₹25,000+ · card EMI only
15% off international flights with eligible American Express cards on EMI · Code YRAMEXTRAVELEMI
Offer terms · verified 31 Aug 2026