6 Best American Express Credit Card India 2022
Best American Express Credit Card India

6 Best American Express Credit Card India 2022

Last Updated: 03 Jan 2022

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.

Best American Express Credit Card in India

#1. Amex Gold Credit Card Review

Amex Gold

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

  • 5X reward points on shopping with major brands such as Amazon, Flipkart, and Apple
  • Get guaranteed Rs. 500 cashback on using at salons like Lakme

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.

Fee & Charges

  • First Year Fee – Rs 1000
  • Renewal Fee – Rs 4500

Reward Points & Other Offers

  • Earn 1 reward point for every Rs 50 on all spend including fuel, and utility bills.
  • Get 10% discounts on flight booking with Vistara 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 Vouchers from Taj, Tanishq, Amazon or as a statement credit from the fabulous 18 and 24 Karat Gold Categories. This 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.

#2. Amex Platinum Travel Credit Card Review

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.

Welcome Gift

Enjoy the welcome gift of 10000 Membership Rewards Points redeemable for Flipkart voucher OR pay worth Rs. 3000 on Amex Travel Online using the ‘Pay with Points’ feature.

You can avail above benefits only after paying the 1st-year annual fee and spending Rs. 5000 within 60 days of card membership.

Bonus Offers

  • Spend 1.90 lakh in a year and get 15000 Membership reward points for Flipkart voucher OR regular reward points redeemable to travel vouchers using Pay with Points on Amex Travel Online worth Rs. 4,500.
  • Spend 4 lakh in a year and get 25000 Membership reward points for Flipkart voucher OR regular reward points redeemable to travel vouchers using Pay with Points on Amex Travel Online worth Rs. 7,500.
  • On spending 4 lakh you also get a gift voucher from Taj group worth Rs 10,000
  • All above offers are 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 a gift voucher of Rs 3000 but from second year you will get nothing on renewal.

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

You can clearly see if you spend less than INR 1.90 lakh 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.

Check out – Slice credit card review

#3. American Express Membership Rewards Credit Card Review

Amex_Membership_Rewards_Card

Amex Membership Rewards is one of the best credit cards in India that 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 in a direct 10% saving on your spending.

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 on four transactions.

Welcome Gift

  • Get a welcome gift of 4000 bonus reward points on using the Card for Rs. 15000 within the first 90 days of Card Membership.
  • In second year, you will get 5000 bonus reward points on payment of annual membership fee.

The welcome gift on the renewal is only applicable for the 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

Jet_Airways_Amex_Platinum_Card

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

  • 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.

Note – Every guest with the primary cardholder has to pay US$32 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 Intermiles benefits because Jet Airways is no longer operational.

You can go for Intermiles 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

Amex_Payback_Card

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

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

Amex Platinum Reserve Card

One thing which attracts me to 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 at 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 the 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 to need to pay an annual fee of Rs 10,000 (from the 2nd year).

Conclusion

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

The only benefit with Amex Gold card is you earn reward points with spending on fuel and utility bills that other cards don’t offer.

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

1 thought on “6 Best American Express Credit Card India 2022”

  1. AMITABH MAHESHWARI

    I have Membership Rewards Credit Card with Amex Smart Earn Card as companion. I have also applied and received Amex Gold Card. Hope to earn 30-35k points every year with all the 3 cards.

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