American Express SmartEarn Credit Card
Rewards & Benefits
Welcome Benefits
Rs. 500 cashback as a welcome gift on eligible spends of Rs. 10,000 in the first 90 days of payment of the annual fee.
Milestone Benefits
Milestone Benefit: Users can earn vouchers worth ₹500 upon reaching the spend milestones of ₹1.20 lacs, ₹1.80 lacs, and ₹2.40 lacs respectively in a card membership year.
Cashback Rate
The value of 1 RP=0.50 Paise.
10X Membership rewards on transactions on Zomato, Ajio, Nykaa, BookMyShow, Uber and many more. Effective cashback rate: 5%.
5X Membership rewards on transactions on Amazon and Paytm Wallet. Effective cashback rate: 2.5%.
1 Membership rewards point for every Rs. 50 spent except for spends on Fuel, Insurance, Utilites, Cash Transactions and EMI conversion at Point of Sale. Effective cashback rate: 0.50%.
Movie Benefits
Dining Benefits
Other Benefits
The renewal fee is waived on eligible spends of Rs 40,000 and above in the previous year of card membership.; International acceptance: Amex cards are widely accepted abroad, making them convenient for travellers.; Additional benefits: Users will get access to offers and discounts from Amex's partner brands, 24/7 card assistance, and purchase protection.
Lounge Access
Fees & Charges
Joining Fee
Annual Fee
Rs. 495 plus applicable taxes.
Cash Advance Fee
Cash advance fee: 2.5% of the amount withdrawn, minimum Rs. 500.
Interest rate
3.5% per month (42% p.a.)
Late Payment Fee
Late payment fee: Rs. 100 for every payment made after the due date.
Foreign Currency Transactions Fee
Foreign currency markup fee: 3.5% of the transaction amount for international transactions.
Other Fees
Cheque bouncing charges: Rs. 500 per cheque. | Over-limit fee: Rs. 500 if you exceed your credit limit.
दोष
Limited reward categories: Users can only earn bonus points on a few select categories, and even for those, the cap is low. This could make the card less appealing for those who spend differently.
No lounge access: Unlike some other Amex cards, SmartEarn doesn't offer complimentary airport lounge access.
Foreign currency markup: If the user uses the card for international transactions, you'll be charged a 3.5% foreign currency markup fee.
Not ideal for all expenses: Users don't earn any points on fuel, insurance, utility payments, or cash transactions.
Limited acceptance in India: Some merchants in India may not accept Amex cards.
Welcome Benefit: Users will get Rs. 500 cashback as a welcome gift on eligible spends of Rs. 10,000 in the first 90 days of payment of the annual fee.
Reward System: The value of 1 RP=0.50 Paise. 10X Membership rewards on transactions on Zomato, Ajio, Nykaa, BookMyShow, Uber and many more. Effective cashback rate: 5%. 5X Membership rewards on transactions on Amazon and Paytm Wallet. Effective cashback rate: 2.5%. 1 Membership rewards point for every Rs. 50 spent except for spends on Fuel, Insurance, Utilites, Cash Transactions and EMI conversion at Point of Sale. Effective cashback rate: 0.50%
Milestone Benefit: Users can earn vouchers worth ₹500 upon reaching the spend milestones of ₹1.20 lacs, ₹1.80 lacs, and ₹2.40 lacs respectively in a card membership year.
The renewal fee is waived on eligible spends of Rs.40,000 and above in the previous year of card membership.
International acceptance: Amex cards are widely accepted abroad, making them convenient for travellers.
Additional benefits: Users will get access to offers and discounts from Amex's partner brands, 24/7 card assistance, and purchase protection.
पक्ष विपक्ष
Welcome Benefits
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पुरस्कार प्रणाली
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अंतर्राष्ट्रीय विदेशी मुद्रा मार्कअप
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स्वागत लाभ और पुरस्कार प्रणाली
विशेष लक्षण
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Eligibility Criteria
Salaried Individuals:
Minimum age: 18 years
Minimum annual income: INR 4.5 lakhs per annum
Employment: Be employed with a recognized organization for at least the past 2 years
Self-Employed Individuals:
Minimum age: 18 years
Minimum annual income: INR 6 lakhs per annum
Business establishment: Must have a valid business establishment for at least the past 3 years
विशेष विशेषता, पात्रता और लाभ
क्रेडिट कार्ड के लिए आवेदन कैसे करें?
Visit the American Express India website: Choose the SmartEarn Credit Card.
Click on "Apply Now": Fill out the online application form with your personal and financial information.
Documents: Upload scanned copies of required documents like PAN card, address proof, etc.
Review and submit: Review your application thoroughly before submitting it.
Decision: American Express will review your application and let you know their decision within a few days.
Card receipt: If approved, you'll receive your card within a few weeks.
सम्पर्क करने का विवरण
खाता खोलने की प्रक्रिया और प्रक्रिया
विशेष विशेषता, पात्रता और लाभ
Pros:-
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Cons:-
Welcome Benefit: Users will get Rs. 500 cashback as a welcome gift on eligible spends of Rs. 10,000 in the first 90 days of payment of the annual fee.
Reward System: The value of 1 RP=0.50 Paise. 10X Membership rewards on transactions on Zomato, Ajio, Nykaa, BookMyShow, Uber and many more. Effective cashback rate: 5%. 5X Membership rewards on transactions on Amazon and Paytm Wallet. Effective cashback rate: 2.5%. 1 Membership rewards point for every Rs. 50 spent except for spends on Fuel, Insurance, Utilites, Cash Transactions and EMI conversion at Point of Sale. Effective cashback rate: 0.50%
Milestone Benefit: Users can earn vouchers worth ₹500 upon reaching the spend milestones of ₹1.20 lacs, ₹1.80 lacs, and ₹2.40 lacs respectively in a card membership year.
The renewal fee is waived on eligible spends of Rs.40,000 and above in the previous year of card membership.
International acceptance: Amex cards are widely accepted abroad, making them convenient for travellers.
Additional benefits: Users will get access to offers and discounts from Amex's partner brands, 24/7 card assistance, and purchase protection.
Limited reward categories: Users can only earn bonus points on a few select categories, and even for those, the cap is low. This could make the card less appealing for those who spend differently.
No lounge access: Unlike some other Amex cards, SmartEarn doesn't offer complimentary airport lounge access.
Foreign currency markup: If the user uses the card for international transactions, you'll be charged a 3.5% foreign currency markup fee.
Not ideal for all expenses: Users don't earn any points on fuel, insurance, utility payments, or cash transactions.
Limited acceptance in India: Some merchants in India may not accept Amex cards.
The American Express SmartEarn Credit Card is an entry-level offering from Amex, targeted towards first-time Amex cardholders or those seeking a simple rewards program with a low annual fee. It's ideal for budget-conscious individuals who primarily shop on Flipkart, Uber, or Myntra, and can benefit from the welcome bonus and annual fee waiver. However, the low base rewards rate, limited bonus categories, and lack of travel perks might not appeal to everyone, especially frequent travelers or those seeking higher rewards potential.
The American Express SmartEarn Credit Card is an entry-level offering from Amex, targeted towards first-time Amex cardholders or those seeking a simple rewards program with a low annual fee. It's ideal for budget-conscious individuals who primarily shop on Flipkart, Uber, or Myntra, and can benefit from the welcome bonus and annual fee waiver. However, the low base rewards rate, limited bonus categories, and lack of travel perks might not appeal to everyone, especially frequent travelers or those seeking higher rewards potential.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
उत्पाद समीक्षा
फीस एवं प्रभार
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ईंधन अधिशुक्ल
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Billing Cycle
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