American Express SmartEarn™ Credit Card
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The American Express SmartEarn Credit Card is best suited for those who shop online regularly. This is a low-cost credit card that offers extra benefits like gift cards, charge waivers, bonus cashback, and more. You may also receive reward points on all of your purchases.
Features & Benefits
Fees & Charges
| Fees/Charges | Amount | Description |
|---|---|---|
| Joining Fee | Rs. 495 + Applicable Taxes | - |
| Annual/ Renewal Fee | Rs. 495 + Applicable Taxes (Waived off on spending Rs 40,000 and above in the previous year of Card membership) | - |
| Finance Charges | 3.5% p.m. | - |
| Supplementary Cards | ₹ 250 per supplementary card beyond the permissible quota. | The primary cardholder of Amex SmartEarn credit card can avail one supplementary card without incurring additional costs. |
| Late Payment Fee | 30% on the outstanding balance, a minimum of ₹500 and a maximum of ₹1,000 | - |
| Overlimit Fee Fee | A flat fee of Rs 500 is charged if a card member executes a transaction beyond the permissible limit | - |
| Foreign Transaction Fee | 3.5% for all foreign currency transactions processed through Amex cards | on the conversion amount |
| Cash Advance Charges | 3.5%, a minimum of Rs 250 on all cash withdrawals through American Express SmartEarn™ credit card | - |
| Bounce Charges | American Express charges Rs 100 per statement for retrieving credit card older statements than three billing cycles and a fee of Rs 250 per transaction if cheque/ECS/ NACH is returned. | - |
All About the Card
Overview
The American Express SmartEarn Credit Card is perfect for individuals seeking their first credit card experience and desiring the full range of benefits a basic credit card provides. These perks include shopping benefits, fuel savings, EMI conversion options, and more. Hence, this card is an excellent fit for users who frequently spend across these categories and are willing to pay a nominal fee of ₹495.
Highlights
| Key Highlights | Description |
|---|---|
| Best for | Rewards & Shopping |
| Joining Fee | ₹495 + applicable taxes |
| Annual Fee | ₹495 + applicable taxes |
| Welcome Benefits | ₹500 cashback |
| Card Network | American Express |
Benefits
If you’re an keen online shopper who enjoys receiving rewards in the form of vouchers and points, the American Express SmartEarn credit card is tailor-made for you. It grants reward points for online purchases from select brands like Myntra, Amazon, Flipkart, and more. Additionally, this card boasts various perks, including fuel benefits, gift vouchers, bonus cashback, and fee waivers, making it a comprehensive choice for savvy shoppers.
ACCELERATED EARN RATE
- Gain accelerated Membership Rewards® points when you make purchases on Amazon, Flipkart, Uber, BookMyShow, Zomato, and numerous other platforms.
WELCOME BONUS
- Receive a welcome gift of Rs. 500 cashback upon eligible spends1 totaling Rs. 10,000 within the initial 90 days of Card membership.
GIFT VOUCHERS
- Earn vouchers valued at ₹500 upon achieving spend milestones of ₹1.20 lakhs, ₹1.80 lakhs, and ₹2.40 lakhs, respectively, within a single Card membership year.
RENEWAL FEE WAIVER
- Get a renewal fee waiver for eligible spends totaling Rs. 40,000 and above in the previous year of Card membership.
AMERICAN EXPRESS EMI
- Convert your purchases into EMI directly at the point of sale, featuring an attractive interest rate starting from 14% p.a. and with no foreclosure charges.
How to Apply?
If the user is an offline person, just head over to the nearest American Express branch with the required documents, and fill out a physical application form.
For those who prefer the convenience of online applications, simply follow these simple steps:
Step 1: Visit offers.shepays.com and navigate to the ‘Credit Card’ section.
Step 2: Select the American Express SmartEarn Credit Card from the available options and click on ‘Apply Now’.
Step 3: Fill out the online application form with personal and financial details once you’re redirected to American Express bank application portal.
Step 4: Upload the required documents, such as identity proof and income proof.
Step 5: Submit the application and wait for the bank’s decision.
It’s always a good idea to carefully review the terms and conditions of the credit card before applying and to consult with a financial advisor or the bank in case of any questions or concerns.
Eligibility Criteria
To be eligible for the American Express SmartEarn Credit Card, applicants must meet the following criteria and have the necessary documents at hand:
- Age Requirement: Applicants must be at least 18 years old.
- Steady Income: Applicants should have a consistent source of income.
- Credit Score: A prime credit score is preferred, ideally over 750, with no history of repayment defaults.
- Income Threshold: For salaried individuals, the personal annual income should exceed Rs 4.5 lakh per annum. Self-employed individuals must demonstrate a trading history for the firm of over 12 months, with a personal annual income of Rs 6 lakh and above.
- Bank Account: Applicants must hold a savings or current account with any Indian or foreign bank operating in India.
- Residency: American Express cards are typically offered to individuals residing in Tier-1 and Tier-2 cities, including:
- Delhi-NCR
- Mumbai
- Kolkata
- Chennai
- Bangalore
- Hyderabad
- Ahmedabad
- Jaipur
- Pune
- Chandigarh
- Bhubaneshwar
- Indore
- Lucknow
- Mysuru
- Nagpur
- Bhopal
- Cuttack
- Nasik
- Coimbatore
- Surat
- Vijayawada
- Vizag
- Vadodara
- Ludhiana
- Ernakulam.
Note: Residency in these cities doesn’t guarantee approval for an Amex credit or charge card. Final eligibility is determined by considering other factors as well.
Documents Required
- Proof of identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof. (those who don’t possess a PAN can provide a copy of Form 60)
- Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
- Proof of Income: The latest one or two salary slips (not more than 3 months old), the latest Form 16, and the last 3 months’ bank statement.
- A passport-size photograph
- Foreign nationals looking to obtain an Amex credit/charge card in India are required to furnish the documents issued by the respective Foreign Embassy of Mission in India and the documents provided by the departments of the foreign government’s jurisdiction.
You can earn up to 10X reward points on your purchases via American Express SmartEarn™ Credit Card as per the below details:- Receive up to 10 times the Membership Rewards® points on various platforms:
- Get 5 times the Membership Rewards Points for every Rs. 50 spent on Amazon and Paytm Wallet (capped at 250 points per month per Card Account for both merchants combined).
- Earn 1 Membership Rewards Point for every Rs. 50 spent on categories other than fuel, insurance, utilities, cash transactions, and EMI conversion at the point of sale.
Enjoy 10 times the points on Zomato, Flipkart, Myntra, BlinkIt, Uber, Nykaa, Ajio, PVR, and BookMyShow (capped at 500 points per month per Card Account for each).