- Joining fee
Rs. 495 + GST
- Annual fee
Rs. 495 + GST
- Best suited for
Shopping
- Reward type
Reward Points
Rewards
- Rewards rate
1 Membership Reward Point/Rs. 50 spent (with a few exceptions), 10X Reward Points on Flipkart, Uber, Zomato, AJIO, PVR, Blinkit and more.
- Welcome benefits
Cashback of ₹500
- Reward redemption
Can be redeemed against 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.
Benefits
- Movie & dining
10X Membership Rewards Points on spends with BookMyShow, Zomato and PVR Cinemas.
- Travel
10X Reward Points on spends on Uber (max cap of 500 Points)
- Insurance
Zero cost liability if loss of card reported within 3 working days, post which max liability of the cardholder limited to Rs. 1,000.
Fees & charges
- Spend-based waiver
Annual renewal fee waived on spends of Rs. 40,000 in the previous year.
- Rewards redemption fee
Nil
- Foreign currency markup
3.50% on international transactions
- Interest rates
3.5% per month
- Fuel surcharge waiver
1% fuel surcharge waiver at HPCL fuel stations on transactions exceeding Rs. 5,000.
- Cash advance charges
3.5%, subject to a minimum amount of Rs. 250
Product highlights
- 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 Zomato, EaseMyTrip, Flipkart, Uber, BookMyShow, Ajio, Nykaa, PVR, BlinkIt, and Myntra.
- 5X Membership Rewards Points on every Rs. 50 spent on Amazon.
- Renewal fee waived on the expenditure of Rs. 40,000 or above in the previous year.
Pros & cons
Pros
- This card comes at a low joining fee of just Rs. 495. This is very attractive, especially for first-time credit card holders.
- This card is very beneficial for people who use Flipkart, Zomato, PVR and Uber, as it offers 10X reward points on purchases made from these platforms.
Cons
- There isn’t any domestic or international lounge access with the American Express SmartEarn Credit Card.
- It is primarily a credit card for shopping and doesn’t provide many additional benefits.
FAQs
What is the validity of the American Express Membership Rewards Points?
American Express Membership Rewards Points do not expire and can be redeemed whenever you want to.
How many add-on credit card(s) can I get?
You get 1 add-on credit card for free. A fee of Rs. 250/card is chargeable thereafter.
Does this credit card support contactless payment?
Yes, the American Express SmartEarn Credit Card is enabled for contactless payments up to Rs. 5,000.
Can I get this card anywhere in India?
This credit card is available only to the residents of Delhi/NCR, Mumbai, Bangalore, Chennai, Pune, Hyderabad, Jaipur, Indore, Coimbatore, Chandigarh, Ahmedabad, Mysuru, Vadodara, Lucknow, Ludhiana, Nasik, Nagpur, Trivandrum and Surat.
What is the maximum cap of earning Reward Points at 10X or 5X rate at select merchants?
You can earn up to a maximum of 500 Reward Points on Zomato/EaseMyTrip and 500 Reward Points on other brands with which you can earn accelerated Reward Points like Flipkart, Uber, BookMyShow, Ajio, Nykaa, PVR, BlinkIt, and Myntra. A monthly cap of 250 points is applicable for 5X partner brands like Amazon.