6 Best American Express Credit Card India 2020 (Review & Comparison)

Last Updated: 16 Jan 2020

American Express credit cards are becoming more popular in India. The exclusive offers and great reward programs are the reasons behind this success.

The success of Amex gold credit is the best example of this. I loved this credit card, especially for its rewards program.

But recently the bank made changes in the reward points of Gold credit card and start promoting the American Express Membership Rewards Credit card with the same benefits that bank offered in past on Amex Gold Credit Card.

I am explaining all the benefits and offers on 6 Best American Express credit cards in India.

#1. Amex Gold Credit Card Review

Amex Gold Credit card was a premium card earlier. A few months back, the bank reduced the reward points on the Gold credit card. Now, Amex Gold credit card is not as effective as it was in the past.

But you don’t need to lose the heart, the bank offers the same benefits on American Express Membership Reward credit card.

Before discussing the Membership reward credit card, Let’s take a review on the Amex Gold credit card.

Welcome Gift

  • Get 4000 reward points on using the card 3 times within the 60 days of card issuance.
  • Get 5000 reward points on the renewal of the gold card.

In the first, year you get 4000 reward points worth INR 1000 that is equal to your first-year annual fee. In simple terms, the Amex gold credit card costs you nothing in the first year.

Bonus Offer

You can use the Amex gold card to get 1,000 bonus membership rewards points for simply using your Card 6 times (earlier it was 4 times) on transactions of Rs. 1,000 or above.

This way you can earn up to 12,000 bonus reward points every year.

Reward Points & other offers

  • Earn 1 reward point for every Rs 50 on all spend except fuel, insurance, utility bills, and cash transaction.
  • Get 10% discounts on flight booking with Etihad Airlines.
  • Enjoy up to 20% off every time you dine at select restaurant partners.
  • Zero lost card liability
  • The redemption value of 1 reward point is = INR 0.25

You can also redeem reward points for statement credit from the fabulous 18 and 24 Karat Gold Categories. Means, you get a direct cashback to your credit card statement.

For 24000 points you get a statement credit of Rs. 10,000 and for 18000 points you can have Rs. 7,500 of a statement credit.

Fee & Charges

First Year Fee – Rs 1000

Renewal Fee – Rs 4500

#2. Amex Platinum Travel Credit Card Review

Spend More & Save More is one thing fully merited on Amex Platinum Travel Credit Card. Amex Platinum Travel credit card is one of the best travel cards available in India.

If you are a regular traveler, then believe me Platinum travel credit card is the must one for you.

Just check the bonus offers only and you will come to know why I am saying this.

Bonus Offers

  • Enjoy the welcome gift of 5000 bonus milestones redeemable for a travel voucher worth Rs 4000.
  • Spend 1.90 lakh in a year and get travel vouchers worth Rs 6000 (valid for 6 months) with regular reward points redeemable to travel vouchers worth Rs. 1,700. Total benefit – Rs. 7,700.
  • Spend 4 lakh in a year and get additional 10,000 milestones redeemable for travel vouchers worth Rs 10,000 (valid for 6 months) with regular rewards points redeemable for travel vouchers worth Rs. 1,800. Total benefit – Rs. 11,800.
  • On spending 4 lakh also get a gift voucher from Taj group worth Rs 10,000 ( valid for 6 months)

Other Benefits of Amex Platinum Travel Credit Card

  • Earn 1 membership reward point for every Rs 50 spends except fuel, insurance, utility bill payment and cash transaction
  • Enjoy 4 complimentary visits to per year to 29 airport lounges in 12 cities across India
  • Enjoy upto 20% off every time you dine at select restaurant partners.
  • The redemption value of 1 reward point is = INR 0.40.

PS – You can redeem reward points from other over 600 other redemption options as well (redemption value will vary depending upon the item redeemed).

Fee & Charges

  • First Year Annual Fee – Rs 3500
  • Renewal fee – Rs 5000

Should You Apply For Amex Platinum Travel Credit Card?

Amex platinum travel credit card comes with an annual fee of Rs 5000. For first year, you will get gift voucher of Rs 4000 but from second year you will get nothing on renewal.

So, from the second year, let’s calculate the spend based benefit

You can see clearly, if you spend less than INR 1.90lakh in a year, this card will hurt you with its annual fee. If you spend 1.9 lakh, your savings will be around 1.5% which is decent.

This card performs best at an annual spend of 4 lakh. If you are a regular traveler and your annual expenses are Rs. 4 lakh or more through a card, then the Amex platinum travel credit card is the best card for you.

#3. American Express Membership Rewards Credit Card Review

Amex Membership Rewards credit card gives 1000 bonus points for using card four times in a month with transactions of at least 1000 rupees.

You can redeem these reward points for statement credit having worth around 40%. It results direct 10% saving on your spending.

A quick calculation

You need to make 4 transactions of Rs 1000 each = Rs 4000

Redeemable value of 1000 bonus points (40%) = Rs 400

This way you can save direct 10% on your expenses by spending 4000 rupees in a month in four transactions.

PS- Earlier bank gives same offer on Amex Gold credit card but now you need to use 6 times in a month with transactions of at least 1000 rupees.

Welcome Gift

  • Get a welcome gift of 4000 bonus reward points on using the Card 3 times within the first 60 days of Card Membership.
  • In second year, you will get 5000 bonus reward points on payment of annual membership fee.

Welcome gift on renewal is only applicable for second year. From third year, there will be no welcome gift.

Reward Points & Other Benefits

  • Earn 1 membership rewards point for every 1 Rs. 50 spent except for spend at fuel, insurance, utilities and cash transactions.
  • Enjoy up to 20% off every time you dine at select restaurant partners.
  • Zero lost card liability if reported within 3 days of fraud attempt. After 3 days, fee is limited to Rs. 1000.

You can also redeem reward points for statement credit from the fabulous 18 and 24 Karat Gold Collections. Means, you get a direct cashback to your credit card statement.

For 24000 points you get a statement credit of Rs. 10,000 and for 18000 points you can have Rs. 7,500 of a statement credit.

Fee & Charges

First Year – Rs 1000

Second year onwards – Rs 4500

Annual Fee Waiver

  • Full annual fee waiver on annual spending of Rs. 1,50,000.
  • 50% annual fee waiver if your annual expenses are between Rs. 90,000 to Rs. 1,49,999.

#4. Jet Airways American Express Platinum Card Review

Note:- JP Miles benefits have now replaced by InterMiles due to shutdown of JetAirways.

Jet Airways Amex card is one of the top travel credit cards in India. You can enjoy earning InterMiles and Complimentary Airport lounges access with Jet Airways Amex card.

The card offers great deals like bonus InterMiles every year, discount on ticket booking along with regular InterMiles on your every spend.

Bonus Offer On Jet Airways American Express Credit Card

InterMiles & Cashback on Jet Airways American Express Credit Card

  • Earn 16 InterMiles for every Rs 150 spends on booking on Intermiles.com
  • 8 InterMiles per Rs 150 spends except fuel, Insurance, utility bills, and cash transactions.
  • Enjoy 5% discount on base fare for every revenue tickets booking on jetairways.com.

Complimentary Benefits of Jet Airways American Express Credit Card

  • Complimentary visits to 13 domestic lounges in 12 cities across India.
  • Enjoy complimentary membership to the priority pass program worth $99/year.
  • Zero lost card liability.
  • Enjoy complimentary iPrefer Elite Tier membership from selected Hotels & Resorts
  • Enjoy up to 20% discount at select premium restaurants.

List of 15 Domestic Airport Lounges

Ahmedabad – Port Lounge with charges Rs 750

Bengaluru – Plaza Premium Lounge with charges Rs 750

Bhubaneswar – Mayfair lounge, complimentary

Chennai – Travel Club, with charges Rs 750

Cochin – Earth lounge with charges Rs 750

Delhi – American Express Lounge, complimentary

Delhi – Plaza Premium Lounge with charges Rs 750

Goa – Golden Chariot with Charges Rs 750

Hyderabad – Plaza Premium Lounge with charges Rs 750

Jaipur – Club One Class Lounge, complimentary

Kolkata – Travel Club with charges Rs 750

Mumbai – Travel Club Lounge with charges Rs 750

Mumbai – Good times Bar with charges Rs 400

Mumbai – Loyalty Lounge with charges Rs 750

Pune – Port Lounge, complimentary

Charges mentioned are applied for international departure. For domestic departure, lounge access is complimentary.

Every guest with the primary cardholder has to pay US$27 per visit per person on lounges.

Fee & Charges

First Year – Rs 5000

Renewal Fee – Rs 10,000

Annual Fee Waiver

Not Available.

Should you apply for Jet Airways American Express Credit Card?

Jet Airways American Express credit card is a premium card having an annual fee of Rs 10,000 (second year onwards).

In my opinion, this card is not very much useful. The reason behind this is you can’t avail of additional Jet Airways benefits because Jet Airways is no longer operational.

You can go for Jet Airways ICICI Sapphiro credit card which is a better option because you pay 50% less annual fee and enjoy more benefits.

#5. American Express PAYBACK Credit Card Review

The American Express Payback Credit Card offers you to 2 Payback points (earlier 3 Payback points) for every Rs 100 spent except for categories fuel, utilities, insurance, and cash transactions.

The 2 payback points offer is not very attractive but decent for a basic level Amex credit card.

As a welcome gift, you get Flipkart voucher worth Rs. 750 on taking 3 transactions within 60 days of card approval.

Fee & Charges

First year – Rs. 750

Second year onwards – Rs. 1,500

You don’t need to worry about the annual fee because you can get an annual fee waiver from the second year on spending more than Rs. 150,000.

Reward Points & Other Benefits of Amex Express Payback Credit Card

  • 2 payback points for every Rs 100 spent.
  • You can also get multiple payback points across more than 40 partners including Flipkart, Big Bazaar, MakeMyTrip.com.
  • Enjoy up to 20% off at selected restaurants.
  • Get a 1% fuel surcharge waiver whenever you refuel at any HPCL outlet with your Card.
  • Earn a Flipkart voucher4 worth Rs. 2,000 on spending Rs. 1.25 lakh per year
  • Earn a Flipkart voucher worth Rs. 5,000 on annual spending of Rs. 2.5 lakh.

#6. American Express Platinum Reserve Credit Card Review

One thing which attracts me towards the American Express Platinum Reserve credit card is, the welcome gift of 11,000 bonus membership rewards points in the first year.

Besides this, there is nothing much to talk about this credit card. Let’s have a quick look on the benefits that the card offers at what cost.

Reward Points on Amex Platinum Reserve Credit Card

As a welcome gift, you get 11,000 bonus rewards on spending Rs. 5,000 within 60 days of card approval.

You will earn 1 membership rewards point for every Rs. 50 spent except for expenses made on fuel, insurance, utilities, and cash transactions. You can read about best credit cards for fuel here.

The reward points are not very impressive if you compare this with the annual fee.

Fee & Charges

First year fee: Rs. 5,000

Second year onwards: Rs. 10,000

Complimentary Benefits of American Express Platinum Reserve Credit Card

  • Complimentary access to American Express lounge and other domestic lounges across India.
  • Free Complimentary membership to Priority Pass worth $99 per year.
  • Enjoy movie or online shopping vouchers from Bookmyshow, Flipkart worth Rs.6,000 per year
  • Get privilege offers on Taj Hotels, Palaces, Resorts and Safaris.
  • Get special health and wellness benefits from Max Healthcare, Fortis Healthcare and Texas Medical Concierge

My View on Amex Platinum Reserve Credit Card

Frankly speaking, I didn’t find any great offer for that you have need to pay an annual fee of Rs 10,000 (from second year).

Conclusion

I loved the benefits of Amex Gold card in previous years but since the launch of Amex Membership Rewards Credit Card is my favourite Amex card.

Which one is your favorite among these? Let me know in the comments.

Leave a Comment!