American Express SmartEarn Credit Card

Annual fee

₹495 + GST

Joining fee

₹495 to join.

Fee waiver rule

Fee waived if you spend ₹40,000.

Add-on card fee

Up to 1 Supplementary Cards at no extra cost; ₹250 for each Supplementary Card thereon

Welcome benefit

₹500 cashback as a Welcome Gift on eligible spends of ₹10,000 in the first 90 days of Cardmembership.

Reward rate

1 Membership Rewards Point per ₹50 · everyday spendsEarn 1 Membership Rewards Point for every ₹50 spent.

EMI spend earning

You would not earn Membership Rewards points on any EMI option selected from a merchant’s website or at Merchant’s terminal; you would continue to earn on all EMI conversions done post purchase.

Fuel earning

You will not earn Membership Rewards points on fuel.

Insurance spend earning

You will not earn Membership Rewards points on your American Express Card for all your spending on fuel, insurance and utility (electricity, water and gas bills) payments.

Online earning

Get 10X rewards for every ₹50 spent on Zomato, Ajio, Nykaa, BookMyShow, Uber and many more, and 5X rewards for every ₹50 spent on Amazon.

Utilities earning

You will not earn Membership Rewards points on utility (electricity, water and gas bills) payments.

Reward exclusions

No Membership Rewards points on fuel; insurance; utility payments.

Reward caps

10X points capped at 500 Points per month for Flipkart, Uber, BookMyShow and other merchants put together; 500 Points per month for EaseMyTrip and Zomato; 5X points capped at 250 Points per month for Amazon.

Award examples

₹2500 on BookMyShow/Flipkart/Uber earns 500 points.

Point expiry

Membership Rewards Points on the FTO tier never expire.

Milestone benefits

Vouchers worth ₹500 upon reaching the spend milestones of ₹1.20 lacs, ₹1.80 lacs, and ₹2.40 lacs respectively in a Cardmembership year.

Retention or continued-access criteria

In case of non-use i.e. no activity / transaction on the Card during the preceding one year, AEBC will close the concerned Card (s) and linked Supplementary Card (s)

Minimum spend rules

Welcome Gift is available only in the 1st year on payment of the annual fee and on spending ₹10,000 within 90 days of Cardmembership

Fuel surcharge waiver

Fuel Convenience Fee Waiver at HPCL.

Surcharge on railway tickets

1.8% per transaction, minimum ₹10 (IRCTC internet bookings)

Credit shield cover

Waiver of outstanding up to ₹50,000 on the Card in case of death of the Basic Cardmember

Lost card liability

Cardmember liability is nil if American Express receives the report within 3 working days of the fraud; beyond 3 working days maximum liability limited to ₹1,000

Add-on card eligibility

Supplementary card applicant must be a Resident Indian.

Purchase to EMI conversion

You can also convert your spends into easy monthly instalments with the American Express EMI.

Forex markup

3.5% on foreign currency transactions.

Cash advance fee

3.5% of the Cash Advance Amount, subject to a minimum of ₹250

Cash advance interest

3.5% Monthly, 42% Annually

Cash withdrawal limit

Up to USD 333 or its equivalent, or 20% of credit limit, whichever is lower, every 14 days; cash withdrawal services temporarily suspended in India

Interest on unpaid balance

Interest rate 3.5% p.m. / 42% p.a.

Interest-free period

Up to 48 days free credit without any Interest Charges

Late payment fee

30% of Minimum Amount Due subject to minimum of ₹500 and maximum of ₹1,000, plus applicable taxes

Payment return or dishonour fee

₹250 per returned instrument (Consumer Cards)

Statement or duplicate statement fee

₹100 per statement for statements older than 3 months.

EMI conversion fee

Convert purchases into EMI at the point of sale with an interest rate as low as 14% p.a.

What the card's fee or benefit year means

A Cardmembership year is defined as 12 months from the date of Card issuance/renewal.

Fuel transaction fee

1% of the transaction value subject to a minimum of ₹10 at BPCL and IOCL fuel stations; 2.5% at fuel stations of all other Oil Marketing Companies

GST note

Charges are exclusive of the applicable tax which is billed along with the fee

Minimum amount due

Sum of 5% of the principal amount or minimum of ₹100 whichever is greater and the total sum of any Card Fees, Charges, Taxes and Interest

Address the applicant must have

Current / permanent residential address in India.

Bank account the applicant must hold

Indian or multinational bank’s savings or current account in India.

Cities the card is issued in

American Express Cards are currently issued to residents of Delhi/NCR, Mumbai, Bangalore, Chennai, Pune, Hyderabad, Jaipur, Indore, Coimbatore, Chandigarh, Ahmedabad, Surat, Vadodra, Lucknow, Ludhiana, Nagpur, Nasik, Trivandrum and Mysuru subject to condition

Credit history the applicant must have

Good credit history and no payment defaults.

Income requirement

Employed with Personal Annual Income of ₹4.5 lakhs and above or Self Employed with Personal Annual Income of ₹6 lakhs and above.

Income, salaried

₹4.5 lakhs and above

Income, self-employed

Self Employed with a Personal Annual Income of ₹6 lakhs and above.

Minimum age

18 years

Residency

Resident Indian as defined under the Income Tax Act of India