American Express Platinum Reserve Card 2017

Joining feesNil
First Year Annual Fees Rs. 5,000
Renewal Fees from 2nd Year Rs. 10,000
Interest Rate/ Finance Charges per month3.35%
Brand Partner N/A
Late Payment Charges NIL

Eligibility Criteria for American Express Platinum Reserve Card

  • Age - Above 18 years
  • Annual Income - Rs. 6 Lakh for both salaried and self employed
  • Permanent residential address in India

American Express Platinum Reserve Card Features

  • Complimentary access to leading golf courses in India
  • Redeem your points at travel, dining and accessories
  • Complimentary Airport Lounge Access through Priority Pass Membership

Benefits of American Express Platinum Reserve Card

  • Earn 1 membership rewards point on every spend of Rs. 50 on the card except on fuel, insurance, utilities and cash transactions
  • Get cashback of up to Rs. 10000 at makemytrip.com
  • Get 11000 Bonus Membership Rewards Points as Welcome Gift

Documents required for American Express Platinum Reserve Card

  • PAN card photocopy or Form 60
  • Colour photograph
  • Income proof: Latest payslip/Form 16/IT return copy

More About Premium Credit Cards in India

Premium Card

Typically, issued to premium and regular customer of banks and comes with host of benefits. Benefits are available as a reward points on multiple spend categories such as dining, movie tickets, and travel and luxury lifestyle benefits.

Frequently Asked Questions on American Express Platinum Reserve Card

What charges I need to pay as joining fee for American Express Platinum Reserve Card?

American Express Platinum Reserve Card charge a joining fee of Nil.

What is the annual fee for American Express Platinum Reserve Card?

Annual fee charged on American Express Platinum Reserve Card is Rs. 5,000.

Can I waive off my annual fee on American Express Platinum Reserve Card?

No, there is no waiver on your American Express Platinum Reserve Card annual fee.

Is there any late payment charge on American Express Platinum Reserve Card?

No, American Express does not charge any late payment fee on your Platinum Reserve Card.

What is the second year renewal fee on American Express Platinum Reserve Card?

American Express Platinum Reserve Card charges a second year renewal fee of Rs. 10,000.

What is the interest charge per month on American Express Platinum Reserve Card?

American Express Platinum Reserve Card charges an interest of 3.35% per month.

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News - Jan 2017
16th Jan 17 Axis Bank ties up with Droom.com to offer car loans for used cars
Axis Bank has announced a partnership deal with Droom.com (a leading new and used auto website) to provide car loans for both used and new cars. The bank will offer loan up to 85 percent of the value of vehicle with a maximum tenure of five years. As for used car loans, loan can be availed for cars which are less than five year old.
16th Jan 17 Home loans are likely to get additional tax incentives in the upcoming union budget for FY17
Union budget for FY 2017 is expected to bring higher tax benefits for middle class home loan borrowers. The benefit is expected to provide an increased tax deduction to home loan borrowers which may go beyond the annual amount of Rs. 2 lakh. The additional tax benefit is likely give a boost to the faltering reality sector that has been adversely hit by demonetisation.
14th Jan 17 Axis Bank cuts MCLR by up to 70 basis points
Axis Bank has reduced its overnight marginal cost of lending rate to 7.90 percent as compared to 8.55 percent earlier. The revised three month and six month MCLR now stands at 8.05 and 8.15 percent respectively. The bank has also reduced its one year MCLR by 65 basis points to 8.25 percent. The rates will be effective from 18th January, 2017.
14th Jan 17 Tata Capital Housing Finance reduces home loan interest rates
Tata Capital Housing Finance has reduced its home loan interest rates. The revised home loan rates for loan amount up to Rs.75 lakhs now stands at 8.70 percent for women borrowers. The NBFC has also reduced its home loan rates for other borrowers to 8.75 percent.
14th Jan 17 Gujarat government to launch Business for Sale website for selling sick MSMEs
Gujarat government is planning to launch a website named as business for sale for selling sick MSMEs. The initiative is expected to help sick MSMEs to sell their business online. The report by RBI highlights the total number of sick MSMEs in Gujarat at 42, 500 in 2016.
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