People who mostly do online shopping and want reward points on their online shopping can go for the American Express SmartEarn Credit Card because this credit card provides good cashback on online spending.
Card Type: Cashback
Rewards:
- Membership Rewards Program: Earn points in the American Express Membership Rewards program.
- 1 Membership Reward Point: You get 1 reward point for every Rs 50 spent.
- 5x Membership Rewards Points: On spending with the help of this credit card on Amazon and Paytm wallet, you can get 250 points together, apart from this you get 10 times the points on special online brands (limit is 500 points per month).
- 10x Membership Rewards Points: You get up to 10x reward points on all online partner brands (limit is 500 points per month), including Brands.
- Flipkart
- Myntra
- BlinkIt
- Uber
- Nykaa
- Ajio
- PVR
- BookMyShow
- Zomato
Welcome Bonus:
- If you spend Rs 10,000 with the help of the card within 90 days of card activation, you get a cashback of Rs 500 on your card.
Other Features:
- Annual Fee: With the help of the card, your annual fee is waived if you spend Rs 40,000 in a year.
- Renewal Fee: Same as the annual fee (Rs. 1,000), but again waived if you spend more than Rs. 40,000 in the previous year.
- Contactless Payments: You are given the convenience of contactless payments with this credit card.
- American Express Offers: You get exclusive discounts at all American Express merchants.
- Global Acceptance: You can use this credit card for international transactions
Fees:
- Joining Fee: 495+GST
- Annual Fee: 495+GST
Eligibility criteria:
- Age: 18 to 65
- Salaried Person: 4.5 lakh Annual
- Self-employed Person: Rs. 6 lakh annual
- Credit Score:750+
Required Document
- Pan Card
- Aadhar Card
- Income Proof
- Address Proof
Pros & Cons
Pros
- High rewards on popular online stores: You can earn high cashback by spending at all American Express partner brands
- Welcome bonus: The credit card gives you a welcome bonus for meeting your minimum requirements.
- Potential for a fee waiver: Your card’s annual fee is waived if you spend within the limit.
- Membership Rewards program: You can redeem the reward points of this credit card as a travel gift card, statement credit, etc.
- Contactless payments: With this card, you get the facility of contactless payment through a card for small transactions.
- Annual Fee: Your card’s annual fee is waived if you spend Rs 40,000 in a year using the card.
Cons
- Limited bonus categories: You get higher cashback only with online partner brands. If you spend other than partner brands, you get a lower cashback rate.
- American Express acceptance: American Express is less accepted by merchants than Visa and MasterCard.
- Foreign currency markup: You may have to pay additional charges for transactions using this credit card outside India.
- Limited Rewards Categories: This credit card gives you good cashback only on select categories.
Please Read Our other credit card reviews
This credit card is best for those who do online shopping with select brands as it gives 5% cashback on online shopping on all its partner brands.
disclaimer
If there is any change in the card information, whether the change is small or big, CredBanking will not be responsible for it because we have obtained the information about the American Express SmartEarn Credit Card from the internet.
