Amex MRCC Credit Card Review: Is It the Best Entry-Level Card?
The American Express Membership Rewards Credit Card (MRCC) is an excellent entry-level choice for those seeking high reward rates. If you’re starting your journey with credit cards and hold at least one non-Amex card, this could be the right fit for you.
Overview
The American Express MRCC offers a range of benefits typically available on more premium cards. While it might not have the stylish design of higher-end cards, it compensates with substantial rewards and other perks.If you’re interested in other credit cards offering rewards, check out the Axis Magnus Card for premium rewards benefits.
| Type | Reward Rate | Best for | USP |
|---|---|---|---|
| Entry-level Card | 1% – 10% | Gold Collection redemptions | Monthly Reward Milestones |
Fees and Charges
| Joining Fee | Welcome Benefit | Annual Fee | Renewal Fee Waiver |
|---|---|---|---|
| 1,000 INR + GST | 4,000 MR Points + 2,000 MR Points (Limited Period Offer) | 4,500 INR + GST | Spend >1.5 Lakhs INR for full waiver; Spend >90K INR for 50% waiver. |
For those seeking cashback benefits, the SBI Cashback Credit Card might be a suitable alternative.
Unique Selling Points (USPs)
One of the standout features of the Amex MRCC is the rewarding monthly milestones. You can earn up to 2,000 bonus Membership Rewards (MR) points each month by meeting specific spending criteria.
Monthly Rewards Structure
The key to maximizing the reward points with this card lies in understanding the spending thresholds:
| Spend Type | Rewards | Value (Marriott) |
|---|---|---|
| Spend 1,500 INR (4 times) | 1,000 MR Points | ~500 INR |
| Spend 20,000 INR | 1,000 MR Points | ~500 INR |
Note that 1 MR Point is typically valued at around 0.50 INR. This translates to a 5% return on spending when you redeem points for Marriott stays or Taj vouchers via the Gold Collection.If cashback-focused rewards are of interest, you might want to explore the Flipkart Axis Bank Credit Card.
Additional Benefits
- Access to Amex offers like merchant deals, spend-based offers, and points transfer promotions.
- Supplementary Card Offers.
- 24/7 premium customer support.
Unfortunately, due to its entry-level status, the card may face acceptance issues at certain merchants.
If you’re looking for a fuel rewards card, the Axis Indian Oil Credit Card could be another good option.
How to Apply?
You can apply for the Amex MRCC online, offline, or at airport outlets. For the best offer, use a referral link to receive an additional 2,000 MR Points as part of a limited-time promotion.
Also, using your Aadhaar address during the application process is recommended to avoid any delays or rejections.
For more cashback and savings options, consider the Axis Neo Credit Card.
ELIGIBILITY CRETERIA
- Existing Credit Card member of any bank
- Employment status: Salaried or Self-Employed
- Salaried and Self-employed: Rs 6 Lacs Annually
- Age: 21-60 years
- Available across major cities in India
Bottom Line
Rated 4.8 out of 5, the Amex MRCC is an excellent starting point for those new to American Express. Although its design might not be eye-catching, its reward structure and numerous benefits more than compensate for that. For those with higher spending capacities, exploring the Amex SmartEarn Credit Card might be worthwhile.
Do you hold the American Express Membership Rewards Credit Card? Share your experiences in the comments below!
