Verified 2026 Bank MITC Rules & RBI ExclusionsUpdated: 2026-03-01
Ixigo AU Credit Card vs American Express Membership Rewards Credit Card for ₹200,000 Monthly Spend
Comparing Ixigo AU Credit Card vs American Express Membership Rewards Credit Card at ₹200,000/month. Ixigo AU Credit Card wins, delivering ₹32,100 net annual value (1.34% ROI) vs ₹29,760 for American Express Membership Rewards Credit Card.
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Simulates real-world capping thresholds, 18% GST deductions, and bank waiver rules in real time.
₹2,00,000(₹24,00,000/yr)
₹10,000/mo₹1,00,000/mo₹2,50,000/mo
Winner at ₹2,00,000/mo+ ₹2,340/yr Higher Value
Ixigo AU Credit Card
Delivers ₹32,100 net annual returns (1.34% ROI) vs ₹29,760 on American Express Membership Rewards Credit Card.
Card A
Ixigo AU Credit Card
AU Small Finance Bank
₹32,100Net Annual Benefit
Gross Rewards:₹32,100/yr
Effective Fee (incl. GST):Waived (₹0)
Net ROI on Spend:1.34%
⚠️ Hits monthly cashback caps: -₹9,000/yr lost
Card B
American Express Membership Rewards Credit Card
American Express
₹29,760Net Annual Benefit
Gross Rewards:₹29,760/yr
Effective Fee (incl. GST):Waived (₹0)
Net ROI on Spend:1.24%
Fee Waiver Progress (1.5L target):100%
⚠️ Hits monthly cashback caps: -₹35,400/yr lost
2-Card Optimization HackMaximize Trapped / Capped Spend
+₹18,000/year Extra YieldPair Ixigo AU Credit Card + SBI Cashback Credit Card
Pair Ixigo AU Credit Card with SBI Cashback Credit Card to capture up to ₹18,000/yr extra on zero-reward categories.
Routes excluded categories:Amazon, Flipkart & Myntra Shopping (Excess Spends)Swiggy, Zomato & Dining Out (Excess Spends)Blinkit, Zepto, Instamart & Supermarkets (Excess Spends)Flights, Hotels & IRCTC Trains (Excess Spends)
Detailed 12-Category Rupee Breakdown (@ ₹2,00,000/mo)
| Spend Category | Monthly Spend | Ixigo AU Credit Card | American Express Membership Rewards Credit Card |
|---|---|---|---|
| Amazon, Flipkart & Myntra Shopping | ₹50,000/mo | ₹909 (Capped) | ₹909 (Capped) |
| Scan & Pay Merchant UPI | ₹30,000/mo | ₹375 (1.25%) | 0% Excluded |
| Electricity, Water, Gas & Broadband Bills | ₹24,000/mo | ₹300 (1.25%) | ₹480 (2%) |
| Swiggy, Zomato & Dining Out | ₹24,000/mo | ₹436 (Capped) | ₹436 (Capped) |
| Blinkit, Zepto, Instamart & Supermarkets | ₹20,000/mo | ₹364 (Capped) | ₹364 (Capped) |
| Petrol & Diesel at Fuel Stations1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, capped at ₹150/cycle | ₹16,000/mo | 0% Excluded | 0% Excluded |
| Flights, Hotels & IRCTC Trains | ₹16,000/mo | ₹291 (Capped) | ₹291 (Capped) |
| LIC, Health & Term Insurance Premiums | ₹10,000/mo | 0% Excluded | 0% Excluded |
| House Rent & School/College FeesRent and educational payments are excluded from reward points accrual | ₹10,000/mo | 0% Excluded | 0% Excluded |
| International Travel & Forex SpendsZero 0% markup fee on foreign currency transactions; 1% dynamic currency conversion fee applies if settled in INR | ₹0/mo | ₹0 (1.25%) | ₹0 (2%) |
| Gold, Silver & Jewelry Purchases | ₹0/mo | ₹0 (0%) | ₹0 (0%) |
| Income Tax, GST & Challan Payments | ₹0/mo | ₹0 (0%) | ₹0 (0%) |
| Net Annual Benefit | ₹24,00,000/yr | +₹32,100 | +₹29,760 |
Frequently Asked Questions
Which card is better between Ixigo AU Credit Card and American Express Membership Rewards Credit Card for ₹200,000/month?▼
At ₹200,000/month (₹2,400,000/year), Ixigo AU Credit Card mathematically outperforms American Express Membership Rewards Credit Card by ₹2,340/year. Ixigo AU Credit Card delivers ₹32,100 net annual benefit (1.34% effective yield), while American Express Membership Rewards Credit Card returns ₹29,760 (1.24% effective yield).
Will the annual fee be waived at ₹200,000 monthly spend?▼
On an annual spend of ₹2,400,000: Ixigo AU Credit Card annual fee is waived (₹0). American Express Membership Rewards Credit Card annual fee is waived (₹0).
How do reward caps impact the earnings on both cards?▼
At this spend tier, Ixigo AU Credit Card loses ₹9,000/year to monthly cashback caps, while American Express Membership Rewards Credit Card loses ₹35,400/year. Capped categories on Ixigo AU Credit Card: Amazon, Flipkart & Myntra Shopping, Swiggy, Zomato & Dining Out, Blinkit, Zepto, Instamart & Supermarkets, Flights, Hotels & IRCTC Trains. Capped categories on American Express Membership Rewards Credit Card: Amazon, Flipkart & Myntra Shopping, Swiggy, Zomato & Dining Out, Blinkit, Zepto, Instamart & Supermarkets, Flights, Hotels & IRCTC Trains.
What is the breakeven monthly spend between Ixigo AU Credit Card and American Express Membership Rewards Credit Card?▼
The calculated crossover breakeven spend is ₹13,000/month, where higher-fee benefits overtake the lower-fee option.