By Rajat Gaur
Updated On September 15, 2021

American Express SmartEarn credit card is a Reward Points based credit card. You earn 1 Membership Rewards Point for every Rs. 50 spent on all retail purchases (with a few exceptions) and accelerated Membership Rewards Points on Amazon, Flipkart, Uber (10X rate) and on many other online merchants including Paytm, Swiggy, BookMyShow, PVR, etc (5X rate) with this card. It is a decent card for beginners at least as far as American Express cards are concerned. You can also get the annual membership fee waived if you spend more than Rs. 40,000 within a year. If you’re a young professional and want to carry an American Express card in your wallet for its brand value, this card is certainly worth considering.

Best Suited For

Shopping |

Joining Fee

Rs. 495 (plus applicable taxes)

Reward Type

Reward Points |

Product Details

  • Rs. 500 cashback on eligible spends of Rs. 10,000 within 90 days of card issuance.
  • 1 Membership Rewards point for every Rs. 50 spent with the card (except spends on insurance, fuel, utilities, cash transactions and EMI conversions)
  • 10X accelerated Membership Rewards Points on Amazon, Flipkart and Uber.
  • 5X Membership Rewards Points on every Rs. 50 spent on Swiggy, Paytm Wallet, PVR Cinemas, BookMyShow, Myntra, Big Bazaar, Grofers and many other partner merchants.
  • Renewal fee waived on the expenditure of Rs. 40,000 or above in the previous year.
  • Fuel surcharge waived at HPCL stations for transactions of up to Rs. 5,000. 1% fuel surcharge applicable on transactions >Rs. 5,000.

Rewards and Benefits

Welcome Benefits

Cashback of Rs. 500 on spends of Rs. 10,000 within 90 days of card issuance.

Movie & Dining

5X Membership Rewards Points on spends on BookMyShow and PVR Cinemas.

Rewards Rate

1 Membership Reward Point/Rs. 50 spent (with a few exceptions), accelerated Reward Points on Amazon and Flipkart (10X), Uber (10X) and on other merchants like Paytm, Swiggy, PVR, etc (5%).

Reward Redemption

Membership Rewards Points redeemable for online shopping vouchers, INSTA rewards for offline purchases, transferable to various flight and hotels loyalty programmes and for making credit card bill payments under the Cash + Points scheme.

Travel

10X Reward Points on spends on Uber (max cap of 500 Points)

Golf

N/A

Domestic Lounge Access

N/A

International Lounge Access

N/A

Insurance Benefits

Zero cost liability if loss of card reported within 3 working days, post which max liability of the cardholder limited to Rs. 1,000.

Zero Liability Protection

Zero cost liability on reporting the loss of card within 3 working days, post which max liability of the cardholder limited to Rs. 1,000.

Fees & Charges

Joining Fee

Rs. 495 (plus applicable taxes)

Renewal Fee

Rs. 495 (plus applicable taxes)

Spend based Waiver

Annual renewal fee waived on spends of Rs. 40,000 in the previous year.

Rewards Redemption Fee

Nil

Rewards Redemption Fee

Nil

Foreign Currency Markup

3.50% of the transaction amount

Interest Rates

3.5% per month

Fuel Surcharge

No fuel surcharge on HPCL fuel stations for transactions of up to Rs. 5,000, 1% surcharge applicable thereafter.

Cash Advance Charge

3.5%, subject to a minimum amount of Rs. 250

Add-on Card Fee

1 complimentary add-on card, Rs. 250/card thereafter.

American Express SmartEarn Credit Card Welcome Benefits:

  • Rs. 500 cashback as a Welcome Benefit on eligible spends of Rs. 10,000 in the first 90 days of the card membership.
  • Eligible spends include all spends except express cash transactions, cash advances, drafts, fees and balance transfers.

Milestone Benefits:

Annual membership fee waived off on eligible spends of Rs. 40,000 or above in the previous year of the card membership.

American Express SmartEarn Credit Card Rewards:

  • 1 Membership Reward Point on every Rs. 50 spent using the card with the exception of spends on Fuel, Insurance, Utilities, Cash Transactions and EMI conversion at POS.
  • 10X Membership Rewards Points on Amazon and Flipkart (maximum 500 Points per month at the accelerated rate on Amazon and Flipkart combined).
  • 10X Membership Rewards Points on Uber rides (max cap of 500 Points each month).
  • 5X Membership Rewards Points on Paytm wallet uploads, Swiggy, BookMyShow, Big Bazaar, PVR, Myntra and many other merchants (max 250 Points/month at this rate).
  • You can earn a maximum of  1,250 Membership Rewards Points in a month at accelerated rate if you spend Rs. 2,500 on Amazon and Flipkart combined (500 Membership Rewards Points), Rs. 2,500 on Uber rides (500 Membership Rewards Points) and Rs. 2500 on 5X partner merchants like Paytm, Swiggy, etc (250 Membership Rewards Points).

Reward Redemption:

  • The Membership Rewards Points can be redeemed on online shopping websites, purchasing e-vouchers from Amex’s online shopping portal, INSTA purchases at offline stores, and also to make credit card bill payments under the Cash + Points scheme.
  • Membership Rewards Points can also be transferred to other air miles and hotel loyalty programs like Asia Miles, British Airways Executive Club, Emirates, Club Vistara, Skywards, Etihad Guest, Finnair Plus, InterMiles, Qatar Privilege Club, Singapore KrisFlyer, Virgin Points, Marriott Bonovoy and Hilton Honors.

Movie and Dining Benefits:

5X Membership Reward Points on Swiggy and BookMyShow (max cap of 250 Points applicable for all 5X partners combined).

Fuel Surcharge Waiver:

No fuel surcharge at HPCL stations for transactions up to Rs. 5,000, 1% surcharge applicable thereafter. Fuel surcharge applicable on all transactions at all non-HPCL stations.

American Express SmartEarn Credit Card Eligibility:

You must satisfy the following criteria to be eligible for this credit card-

  • You must be a citizen of any of these cities – Delhi/NCR, Mumbai, Chennai, Bangalore, Pune, Hyderabad, Indore, Jaipur, Coimbatore, Chandigarh, Ahmedabad, Surat, Vadodra, Lucknow, Ludhiana, Nagpur, Mysuru, Trivandrum and Nasik.
  • If you are a salaried employee, you must have an annual income of Rs. 4.5 lakh. If you are self-employed, you must have filed an income tax return of at least Rs. 6 lakh in the previous year and your company must have been trading for at least a year now.
  • You must have a savings or current account in India.
  • You should have a good credit history.
  • Your age should be 18 years or above.

How to apply:

You can apply for the American Express SmartEarn credit card either online or offline. The application procedure for the American Express credit cards is simple. You need to provide a few documents including identity proof (like Aadhar card), address proof, PAN card and a proof of income and submit your application online. The American Express officials will contact you in case any additional documents are required. If your application is accepted, you’ll receive your card within 15 days, otherwise, the Amex officials will get in touch with you within 90 days.

Conclusion:

As it offers you a fairly good reward rate and 10X and 5X rate on some of the popular brands, the American Express SmartEarn credit card can be considered one of the best entry-level cards in the market right now, particularly so, because it is being offered by a brand like American Express, which is known globally for its premium credit cards. The only downside is that the monthly cap for maximum Rewards Points is quite low. Still, as this credit card has one of the least minimum income requirements (among American Express credit cards); so if you’re just about to begin your credit journey and admire the brand value of American Express, this might a good pick for you. Anyhow, what do you think about this card? Do share your thoughts in the comments below.

FAQs:

American Express Membership Rewards Points do not expire and can be redeemed whenever you want to.

You get 1 add-on credit card for free. A fee of Rs. 250/card is chargeable thereafter.

Yes. For payments up to Rs. 5,000 you need not even enter the PIN.

This credit card is available only to the residents of Delhi/NCR, Mumbai, Bangalore, Chennai, Pune, Hyderabad, Jaipur, Indore, Coimbatore, Chandigarh, Ahmedabad, Mysuru, Vadodra, Lucknow, Ludhiana, Nasik, Nagpur, Trivandrum and Surat.

You can earn up to a maximum of 500 Reward Points at 10X rate on Amazon and Flipkart (combined), 500 Reward Points at 10X rate on Uber rides and maximum 250 Reward Points at 5X rate on transactions with other partner merchants (including Paytm, Swiggy, BookMyShow, PVR, etc.).

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