American Express SmartEarn Credit Card: A Smart Choice for Shopoholics

American Express Bank is renowned brand known for its multinational financial services corporation having specialisation in payment cards. It is headquartered in New York and considered to be one of the most valuable banks all around the world. It is also considered to be the largest travellers’ cheque provider worldwide. American Express Bank provides different credit cards according to varied individual requirements, such as travel, shopping, dining, entertainment, etc. It gives 24*7 assistance to cardholders, with the help of which users can view and manage their credit card account anywhere and at any time through their online account or via the Amex app. 

Should You Apply for an Amex SmartEarn Credit Card?

Mentioned below are the reasons one should apply for an Amex SmartEarn Credit Card:

• In case an applicant is looking for a credit card with a low annual fee.
• If one is a frequent online shopper.
• In case one is looking forward to earning rewards instead of cashback.
• If one is looking for a card which comes along with welcome benefits.
• If one can spend INR 40,000 to get a waiver on annual fees.

Features and Benefits

Mentioned below are the features and benefits of the American SmartEarn Credit Card:

1. Key Benefits
2. ACCELERATED EARN RATE

• Get accelerated membership reward points on shopping through Amazon, Uber, Flipkart, BMS, Zomato, etc.

2. WELCOME BONUS

• Get a welcome gift i.e. a cashback worth INR 500, on INR 10,000 being spent in the initial 90 days of the membership of your card.

3. GIFT VOUCHERS

• Get worth INR 500 of gift vouchers on achieving milestone spends of INR 1.20 lakhs, INR 1.80 lakhs, and INR 2.40 lakhs, respectively,  in a card membership year.

4. RENEWAL FEE WAIVER

• Get a waiver on annual fees on an eligible spend of INR 40,000 and above in the previous year of card membership.

5. AMERICAN EXPRESS EMI

• Get your purchases converted into EMI at the point of sale with an interest rate as low as 14% per annum with nil foreclosure charges.

2.  Reward Programme
3. 10X MEMBERSHIP REWARDS®

Get 10X rewards for every INR 50 spent while transacting on Zomato, Ajio, Nykaa, BookMyShow, Uber, etc.

2. 5X MEMBERSHIP REWARDS ®

Get 5X rewards for every INR 50 spent while transacting on Amazon.

3.  EARN 1 MEMBERSHIP REWARD POINT 

Earn 1 membership reward point for every 50 INR spent, except for insurance, fuel, utilities, cash transactions, and conversion of EMI at the point of sale.

Also, earn up to 1,250 Membership Rewards points on the SmartEarn Credit Card per month when INR 7,500 are spent. Get the mentioned accelerated benefits with this card:

• Earn 500 Membership Rewards points when INR 2500 are spent in a month on our 10X Partner (Zomato). 
• Earn 500 membership reward points when you spend INR 2500 per month on our 10X partners (BookMyShow, Flipkart, Uber, and others).
• Earn 250 Membership Rewards points when INR 2500 per month on our 5X Partner (Amazon) are spent. 

3. Offers and Privileges

Get freedom and convenience.

Get exclusive benefits and convenience, assistance each hour, etc. The American Express SmartEarn^TM Credit Card offers a host of special privileges for its cardholders.

Enjoy the convenience and flexibility of getting the Credit Card bill fully or partially paid. Also, get the spending converted into easy EMIs with your American Express credit card.

Get a waiver on Fuel Convenience Fee at HPCL.

Services on your Card

• 24X7 Card Related Assistance
• Dispute Resolution
• Zero Lost Card Liability5
• Emergency Card Replacement

Contactless Payment

American Express Credit Card may be enabled for contactless payments. To check if the card is contactless, look at the front and back sides for the contactless symbol network.

Eligibility Criteria

Mentioned below are the eligibility parameters to be met in order to apply for the Axis Bank SmartEarn Credit Card: 

• A credit card applicant or supplementary card applicant should be a resident of India as defined under the Income Tax Act of India. He/ she should declare that He/she will notify the American Express Banking Corp in case there is a change in residential status.
• Amex cards are issued to residents of Delhi/NCR, Bangalore, Mumbai, Chennai, Hyderabad, Pune, Jaipur, Coimbatore, Indore, Chandigarh, Surat, Ahmedabad, Vadodara, Lucknow, Ludhiana, Nasik, Nagpur, Trivandrum, and Mysuru, subject to conditions.
• An applicant should be employed and have a personal annual income of more than INR 4.5 lakhs and INR 6 lakhs and above.
• An applicant should have an Indian or MNC Bank’s savings or current account in India.
• The applicant should have a current or permanent residential address in India and be over 18 years of age.
• An applicant should have a good credit history and no default in the payment history.
• In the case of a self-employed applicant, the company has been trading for more than 12 months.

Fees and Charges

Mentioned below are the fees and charges of American Express SmartEarn Credit Card:

Type of Fee or Charge	Amount
Joining Fee	INR 495 + Applicable Taxes
Annual/ Renewal Fee	INR 495 + Applicable Taxes (Waived off on spending INR 40,000 and above in the previous year of Card membership)
Finance Charges	3.5% p.m.

Documents Required

Mentioned below is the list of documents required to be uploaded along with the credit card application form:

• Identity Proof – 

1. Aadhaar Card
2. PAN Card
3. Driving License
4. Voter ID
5. Passport

• Income Proof –

1.  Latest salary slips for salaried
2. Income Tax Return for last 2-3 years for self-employed

• Residence Proof – 

1. Aadhaar Card
2. Utility Bills
3. Driving License
4. Voter ID
5. Passport

Pros and Cons

Mentioned are the pros and cons of American Express SmartEarn Credit Card:

Pros:

1. This card offers a waiver on the fuel convenience fee.
2. It provides milestone benefits on a monthly basis.
3. This card provides reward points on multiple purchases.
4. It provides 24×7 card assistance.
5. It comes along with zero lost card liability.

Cons:

1. It does not provide access to airport and railway lounges.
2. There are no concierge services apart from card assistance.
3. A convenience fee of INR 99 is levied on the conversion of EMI.
4. SmartEan Card can be availed only in the case of customers in selected cities.