American Express, which usually offers premium credit cards, has recently forayed into the basic credit card market by launching the SmartEarn Credit Card. Available at an annual fee of Rs. 495 only, this card comes with multiple brand associations which allow the users to get extra rewards and save big on their purchases. Let us learn more about this credit card.
American Express SmartEarn™ Credit Card Features
Following are the features on this American Express credit card:
Welcome Cash Back- On making eligible* spending of Rs. 10,000 in the first 90 days of card issuance, users will get Rs. 500 cashback as welcome benefit.
Rewards- Earn 1 Membership Reward point for every Rs. 50 spent across all categories except fuel, insurance, utilities and cash transactions. Redeem the rewards for over 500 hand-picked rewards options across categories like travel, lodging, electronics, luxury retail and more.
Accelerated Rewards- Get 5-times more reward points when shopping at Swiggy, Amazon, BookMyShow and many more. Earn 10X Membership Reward points when using the card for making purchases at Flipkart and Uber.
Renewal Fee Waiver- Spend Rs. 40,000 or more in the previous year and get the next year’s annual fee reversed.
Easy EMI Conversion- Users can convert their purchases into EMIs directly at the POS terminals at a low interest rate of 12% and no foreclosure charges.
Convenience Fee Waiver- Avail 0% convenience fee at HPCL pumps for transactions under Rs. 25,000 and pay only 0.3% convenience fee for transactions above Rs. 25,000.
Other Privileges- Get zero lost card liability cover, emergency card replacement, 24X7 assistance and an add-on card at no additional cost.
American Express SmartEarn™ Credit Card - Fees and Charges
The table given below shows the fees and charges associated with this credit card-
|Joining Fee||Rs. 495 plus applicable taxes|
|Annual Fee||Rs. 495 plus applicable taxes (waived off on making eligible spends worth Rs. 40,000 in the previous membership year)|
|Add-on Fee (per annum)||Nil for 1 add-on card|
|Interest Free Period||51 Days|
|Finance Charges||3.5% per month|
|Surcharge on Purchase of Railway Ticket||1.8% of the transaction value if booked on the internet (IRCTC) subject to a minimum of Rs. 10|
|Record of Charge/ Summary of Charge Retrieval Fee||Rs. 100 per Retrieval|
|Cash Advance Charges||3.5% of the Cash Advance amount, subject to a minimum of Rs. 250|
|Duplicate Statement Fee||Rs. 100 per statement for statements older than 3 months|
|Cheque/ECS/NACH Return Fee||Rs. 250 per Returned Instrument|
|Overlimit Charges||Rs. 500|
|Foreign Currency Transactions||Currency Conversion Factor Assessment: 3.50%|
|Points/Miles Reinstatement Fee||Rs. 200 per reinstatement|
American Express SmartEarn™ Credit Card - Eligibility Criteria
|Age||18 years or more|
|Occupation||Salaried or Self-employed|
|Minimum Income for Salaried Applicants||Rs. 4,50,000 p.a.|
|Minimum Income for Self-employed Applicants||Rs. 6,00,000 p.a.|
How to Apply for American Express SmartEarn™ Credit Card
It is very easy to apply for this credit card on Paisabazaar.com. Follow the steps given below-
- Click here to start the application
- Enter the details as asked for and click on ‘View Offers’
- Filter the results for American Express by selecting the same from the left panel
- Select the American Express SmartEarn™ Credit Card
- Click on ‘Check Eligibility’ and provide some additional details
- If eligible, proceed with the full application and submit it
After this, the applicant will get a call from American Express to decide the right time and place for document collection. Once the documents have been submitted, the same will be checked by their team. After judging the credit profile of the applicant on several parameters, the credit card will be issued to them. This process would take around 15 working days.
What are Membership Reward Points?
Membership Rewards Points are the loyalty points earned by the user when he uses his American Express Credit Card. These points can be redeemed later for gift vouchers/merchandise.
Are there any benefits on taxi services using this card?
Yes. Users can get 10-times more reward points when they use the card for payment at Uber.
What happens if my credit card gets stolen?
You should immediately call the customer care department of American Express to report the loss of card.
What is the customer care number for American Express?
The customer care numbers for American Express Credit Cards are 1800 180 1249 and 91-124-280-1101.
Are there any exceptions on the reward point earning?
Yes. Rewards can be earned on all expenses except fuel, utility bill payment, insurance and cash withdrawal.