American Express launched a new credit card designed for millennials who want to earn reward points on every spending. Most credit cards from American Express come in the premium category so this is a good attempt by the bank of launching American Express SmartEarn credit card. An ideal card for beginners, this comes with a basic annual fee where one can earn reward points on online transactions, cab rides and online food payments.
As a welcome gift, the card gives Rs.500 as cashback on spending Rs.10, 000 in the first 90 days of joining. What makes American Express SmartEarn Credit Card stand out is the fact that with a basic joining fee, you can get a number of Membership Reward Points along with offers and privileges.
American Express SmartEarn Rewards Programme
Below mentioned is the Reward Programmes on various categories of American Express SmartEarn credit card:
|Offer Category||Reward Points Earned|
|Flipkart and Uber||10X membership rewards earned on every Rs.50 spent|
|Amazon, Swiggy and BookMyShow||5X membership rewards earned on every Rs.50 spent|
|Fuel, Insurance, Utilities and Cash Transactions||1 membership reward earned on every Rs.50 spent|
Features of American Express SmartEarn Credit Card
• Renewal Fee Waiver – On spending Rs.40, 000 and above in the previous year, the renewal fee can get waived off with this credit card.
• Supplementary Card – American Express offers one supplementary credit card with no additional cost.
• Welcome Bonus – Rs.500 cashback is given to the users on spending Rs.10,000 in the first 90 days of joining.
• American Express EMI – American Express credit cards let you convert the purchases into EMI with the lowest interest rate of 12% p.a. that come with zero foreclosure charges.
Other Benefits on American Express SmartEarn Credit Card
- Freedom and Convenience
When it comes to paying the credit card bill, you can do it by paying partially or fully. The bank also gives you the benefit of converting your purchases into monthly instalments with this credit card.
- Fuel Surcharge Waiver
This card comes with 0% convenience fee on fuel charges on transactions less than Rs.25, 000 and 0.3% convenience fee on fuel charges on transactions above Rs.25, 000 and above.
- Contactless Payment
The American Express SmartEarn credit card comes with contactless payment symbol on the front and back of the card, making the payment process seamless.
Also Read: American Express Credit Card
Fee and Charges of American Express SmartEarn
The basic fee and charges on this credit card are mentioned in the table below:
|Joining Fee||Rs.495 + applicable taxes|
|Annual Fee||Rs.495 + applicable taxes; waived off on spending Rs.40,000 in the previous membership year|
|Interest Free Period||52 days|
|Finance Charges||3.5% per month|
How can you make the most from SmartEarn credit card?
American Express SmartEarn credit card is essentially best suited for individuals who are looking to earn Reward Point on almost every spending. Here are some ways you can implement in your lifestyle to make the best of this credit card:
- Go for this card if you want Reward Points
As long as your focus and interest remains in Reward Points, this card serves the best purpose. You can have different credit cards in your wallet, but if you don’t utilize the card for what it is for, you might lose out on all the major benefits.
- The more you spend, the more you earn
Yes, you read that right. The best thing about any cashback or reward point specific credit card is the more you do your spending with these cards, the more reward points you earn. Not only this, you get to have privileges across all the categories. American Express SmartEarn credit card comes with 10X and 5X membership reward points when you use Flipkart, Uber, Swiggy, Amazon, BookMyShow, Insurance, Fuel and cash transactions.
- Keep a check on Reward Points Expiry
The Reward Points usually come with an expiry. If you don’t keep a track on the expiry date of the Reward Points, chances are you might end up wasting them. So we advise you not to miss out on their expiry date and use them to the fullest.
Who should apply for this credit card?
You can consider applying for this credit card if:
- You are new to credit cards
If you are new to credit cards and confused which one might suit your financial profile, this card might do wonders. It’s a credit card with the basic joining fee and that comes with Reward Points on almost every spending. If you are a frequent user of Uber, Swiggy, Flipkart, Amazon or cash transactions, you should definitely consider this credit card.
- You want to earn Reward Points
American Express SmartEarn credit card is packed with Reward Points on every spending. So if you are looking for Reward Points primarily, you can apply for this credit card right away.
This is a basic credit card launched by American Express designed for millennials who are looking to earn Reward Points. So if you are new to the world of credit cards, we suggest this credit card will not only help you build your credit score but will also come with some really good offers. This is a perfect card for the ones who spend big and want to earn reward points on the same.