American Express issues its own cards in India, earning Membership Rewards points with strong monthly and milestone bonuses. Acceptance is narrower than Visa or Mastercard. Here's how every American Express card we track compares on fees, rewards and yearly value.
| Best for | Card | Est. yearly value |
|---|---|---|
| Best overall (balanced spender) | American Express Membership Rewards | ₹15,240 |
| Best for online shopping | American Express Membership Rewards | ₹15,660 |
| Best for travel | American Express Platinum Travel | ₹21,584 |
| Best for high spenders | American Express Platinum Travel | ₹29,066 |
Estimated yearly value after caps, fees (with GST) and forex costs for our standard spending profiles. Use your own spends →
| Fee waiver | Lounge | Best for | Compare | ||||
|---|---|---|---|---|---|---|---|
American Express Membership Rewards American Express · American Express |
₹4,500 | ₹1,50,000 spend | Up to 1% | 3.5% | None | Regular monthly spenders who can hit the Amex bonuses | |
American Express Platinum Travel American Express · American Express |
₹5,000 | None | Up to 1% | 3.5% | 2 domestic visits a quarter after eligible spend in the previous quarter (₹1 lakh from Q4 2026) | Spenders who will reach the ₹4–7 lakh milestones |
Devaluation American Express
Taj voucher moved to a new ₹7 lakh milestone; lower tiers reduced.
For a typical balanced spender, American Express Membership Rewards gives the highest estimated yearly value (₹15,240 after fees) among the 2 American Express cards we track. The best card for you depends on where you spend, so try our credit card finder.
Not among the American Express cards we track. The cheapest option is American Express Membership Rewards (₹4,500 + GST).
Apply on American Express's official website or app. If you already bank with them, check the app for pre-approved offers first. Check your eligibility with our calculator before applying, since each application is a hard enquiry on your credit report.
Yes. 2 notable changes this year, including: Amex MRCC: 50% fee waiver removed (from 11 Oct 2026); Amex Platinum Travel: milestones cut. See our changes log for details and sources.