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    American Express

    American Express SmartEarn™ Credit Card

    cat name Reward Points
    cat name Online Shopping
    3.5/5.0

    Rewards3.5/5

    Online Shopping4.0/5

    Welcome Benefits3.0/5

    Know More
    Paisabazaar Review

    1st Year Fee: ₹495* Plus Applicable Taxes

    Reward Points

    Reward Points

    Up to 10X reward points on your spends

    Shopping

    Shopping

    Accelerated rewards on popular brands

    Fuel

    Fuel

    Avail fuel convenience fee waiver

    Updated on December 18, 2024 4:37 pm

    Author: Shruti Sharma

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    About The CardReward DetailsOther BenefitsSavings CalculatorFees & ChargesThings to KnowCard ReviewFAQs

    About American Express SmartEarn™ Credit Card

    American Express SmartEarn™ Credit Card is best suited for people who frequently shop online. It is an entry-level credit card that lets you earn reward points on every purchase and provides additional privileges such as bonus cashback, fee waiver, gift vouchers, and more.

    One of the standout features of this credit card is the accelerated rewards, particularly for popular online platforms. Cardholders can earn 10X reward points on transactions made with popular online brands such as Zomato, Flipkart, Myntra, Nykaa, and several others. Beyond these specific brands, users can earn a base reward rate of 1 point for every Rs. 50 spent across all other transactions.

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    Reward Benefits

    You can earn up to 10X reward points on your purchases via American Express SmartEarn™ Credit Card as per the below details:

    • 10X Membership Rewards® Points on Zomato (Capped at 500 points per month). Also, earn 10X points on Flipkart, Myntra, BlinkIt, Uber, Nykaa, Ajio, PVR & BookMyShow (Capped at 500 points per month)
    • 5X Membership Rewards Points on every Rs. 50 spent on Amazon1
    • 1 Membership Rewards Point for every Rs. 50 spent on other categories except for fuel, insurance, utilities, cash transactions and EMI conversion at the point of sale
    Image of American Express SmartEarn™ Credit Card
    Image of American Express SmartEarn™ Credit Card

    Other Features & Benefits

    Welcome Benefit: Rs. 500 cashback as a statement credit on spending Rs. 10,000 in the first 90 days of card membership.

    Milestone Benefit: Vouchers worth Rs. 500 each on achieving the spending milestone of Rs. 1.20 Lakh, Rs. 1.80 Lakh and Rs. 2.40 Lakh, respectively in a card membership year.

    EMI Conversion: Convert purchases into EMI at the point of sale with an interest rate as low as 14% p.a. and zero foreclosure charges.

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    Savings Calculator

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    Spend Rewards₹0

    Milestone Benefits₹0

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    ₹495 Plus Applicable Taxes

    Waived off on spending Rs. 40,000 and above in the previous year of card membership

    ₹495 Plus Applicable Taxes

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    American Express SmartEarn™ Credit Card: Fees & Charges

    Fee Type Amount
    Joining Fee Rs. 495 + Applicable Taxes
    Annual 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.
    Cash Advance Fee 3.5% (Minimum of Rs. 250)

    Things to Know Before you apply

    Consider this card if:

    You are looking for a low annual fee credit card

    You frequently shop online

    Your goal is to earn rewards instead of cashback

    You can spend Rs. 40,000 annually to avail annual fee waiver

    Eligibility and Documentation

    Occupation: Salaried or Self-employed

    Minimum Age Requirement: 18 years

    Income Requirement: Rs. 6 LPA (Self-employed) & Rs. 4.5 LPA (Salaried)

    Paisabazaar Review

    Overall Rating

    3.5/5

    Rewards3.5/5

    Online Shopping4.0/5

    Welcome Benefits3.0/5

    What do we like about this card?

    American Express SmartEarn™ Credit Card is an ideal choice for frequent online shoppers. This card offers 10X reward points across multiple popular brands such as Zomato, Uber, Nykaa, and Myntra, covering major categories including dining, travel, shopping, and more. The card also offers milestone benefits through complimentary vouchers worth Rs. 1,500, which can be redeemed at leading brands like Amazon, Flipkart, MakeMyTrip, Uber, Myntra, and others—further enhancing the overall value.

    Pros

    • 10X reward points on popular brands like Myntra, Amazon, Uber, etc.
    • Complimentary vouchers worth Rs. 1,500 as milestone benefits
    • Welcome benefits equivalent to the Rs. 500 joining fee
    • Renewal fee waiver on annual spends of Rs. 40,000

    Cons

    • Maximum capping on accelerated reward points earned
    • No reward benefits on fuel, insurance & utility spends
    • Low base reward rate of 1 point per Rs. 50 spent
    • High forex markup fee of 3.5%

    Conclusion

    American Express SmartEarn™ Credit Card is a valuable option for individuals who frequently shop online, offering accelerated rewards on popular brands and categories. With benefits like 10X reward points on partnered brands and milestone vouchers, this card offers decent value back on online shopping. While the base reward rate and high forex markup fee may be limiting factors, welcome and milestone benefits effectively offset initial costs, making it a reasonable choice for those seeking an entry-level card offering decent value back on daily online spends.

    Frequently Asked Questions

    Everything you need to know about this credit card

    You can apply for this American Express credit card online through the official website of American Express. All you need to do is look for an eligible credit card, fill out an application form and submit the relevant documents. The bank will verify your details and process your request.

    American Express SmartEarn™ Credit Card lets you earn Membership Rewards Points on your online as well as offline purchases. You can later redeem the earned reward points against gift vouchers or merchandise as per your requirements.

    American Express SmartEarn™ Credit Card charges a forex markup fee of 3.5% of the transacted amount. Therefore, this is not a suitable option for foreign currency transactions as it incurs high charges.

    You can get an interest-free period of up to 48 days. However, the payment due date will vary from 18 to 23 days from the statement generation date, depending on the previous month’s payment behaviour.

    No, this credit card does not offer any travel-related benefits. This is suitable only for shopping and rewards.

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    Footnotes

    1. Reward points earned on Amazon are capped at 250 points per month.

    Click here to know More Terms and Conditions

    Shruti Sharma linkedIn icon

    Content Writer

    Shruti Sharma is a skilled content writer with a passion for simplifying personal finance for consumers. Specializing in credit cards and financial planning, she offers valuable insights that empower individuals to make informed financial choices. Through her writing, she shares practical tips and guides readers through the nuances of credit card usage.

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