American Express SmartEarn Credit Card Review

American Express is well known for offering attractive benefits and features, and the american express smartearn credit card is not an exception among them. This card is specially designed for those customers who want to earn reward points from their shopping and everyday uses. While this card charges Rs. 495 as an annual fee, it lets you enjoy; reward points on every transaction, a complete waiver on fuel surcharges, bonus rewards on milestone expenses, and lots more.

What are american express smart earn credit card eligibility criteria?

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 18 to 65 yrs. 
    • Income: Rs. 4.5 lakh annually. 
  • For self-employed person:
    • Age: 18 to 65 yrs. 
    • Income: Rs. 6 lakh annually. 
  • Good CIBIL Score. (Above 750)
  • For the self-employed, his/her business/company should be trading for a year. 

You can apply for this card from the american express smartearn credit card apply online portal, if you are curious about the application process, then feel free to take a look at our faq page.

What documents are required to apply for american express smartearn credit card?

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Latest salary slip, (3 months) 
      • ITR(Income Tax Return)
    • Self-employed person
      • Latest Income tax return. 
      • Proof of business
      • Recently audited financial report. 

As per the new rules, all new credit cards are delivered in an inactive state, so if you are thinking about how to activate a new american express smartearn credit card? Then make sure to take a look at our faq page.

How much are the amex credit card fees?

  • American express credit card joining fee: Rs. 495 + GST 
  • Amex smart earn credit card annual fee: Rs. 495 + GST (From the second year onwards)

What are the american express smart earn credit card benefits?

  • A huge joining bonus to welcome you:

With the issuance of the card, you will get Rs. 500 Cash-Back as a welcome gift. You have to spend Rs. 10,000 within 90 days of the card issuance. 

  • A powerful reward program that will make your every transaction rewarding:

The american express smartearn credit card comes with a powerful reward program that can add value to your transactions, The details are given below.

Category of transaction

Rate of earning american express credit card reward points

Every transaction made with the 10X partners; Uber, and Flipkart. 10X reward points for every Rs.50 transaction.
Every transaction made with the 5X partners; Swiggy, Amazon, BookMyShow, PVR, Jabong, BigBazar, etc. 5X reward points for every Rs.50 transaction.
Transactions made on all other categories (except on Fuel, Utility, Cash transaction, and EMI conversion). 1 reward point for every Rs.50 transaction.

You can also check your american express smartearn credit card status from your net banking account.

  • Enjoy freedom from paying fuel surcharges:

This amex credit card offers a 0% convenience fee on fuel at all HPCL petrol pumps. The transaction amount should be within Rs. 25,000 above which the convenience free will be 0.3%.

  • Complimentary lost card liability coverage to support you in unfortunate events:

This american express credit card offers zero liability on lost or stolen cards, to enjoy the benefits of the coverage you just have to report the loss within 3 working days, otherwise, the coverage amount will be limited to Rs. 1000.

  • Make your card lifetime free very easily:

On spending Rs. 40,000 within a year, you can get a complete waiver on your american express credit card annual charges. So if you are willing to make your card lifetime free, then you just have to keep spending Rs. 40,000 per year.

  • Earn some bonus rewards on milestone spend:

on spending Rs. 25000 within a month with the 10X partners, you can get up to 500 reward points. You can also get 250 american express credit card rewards for spending the same with the 5X partners.

  • Lifetime free add-on card for your loved one:

American Express lets you add one of your loved ones (age 18+) to your card as an add-on member for free. So that they can experience the advantages of owning a credit card.

  • Split your high-value transactions into small installments with a low-cost EMI option:

American Express allows you to convert your high-value transactions into small monthly installments with an annual Interest rate of just 14% along with zero foreclosure charge. This feature is very helpful for frequent shoppers. 

  • Enjoy the convenience of the advanced contactless payment facility:

This card is equipped with an advanced contactless payment facility, this feature allows you to make a payment just by tapping your card over any POS machine that accepts contactless payments.   

What are the american express credit card charges?

Particulars

Payable amount

American express credit card cash withdrawal charges. 3.5% against the amount (check your available american express credit card limit before making a withdrawal).
Amex credit card finance charges. 3.50% to 3.99% monthly.
Amex credit card foreign transaction fee. 3.5% against the transaction amount.
Add-on card fee. Free for a lifetime (Upto 1 add-on card)

How to contact the amex credit card customer service department?

100xGain Ratings:

7/10

Pros and Cons:

Pros 

Cons

  • This card is very good at offering reward points.
  • There is a 0% convenience fee on fuel surcharges with this card
  • There are no discounts in the dining and entertainment categories.

Final Opinion:

If earning reward points seems beneficial to you then this can be the ideal card for you. With the powerful reward scheme, zero convenience fee on fuel purchase, and annual fee waiver option this card brings so much value with it that it can easily offset the Rs. 495 annual fee. 

But if you are looking for cashback, discounts, or entertainment benefits, then you will be disappointed with this card. In this case, I would recommend you take a look at our top credit card pages. You can also compare the alternative card options given below.

Alternative Cards: 

  1. Bajaj Finserv RBL Bank World Prime SuperCard (Best for lounge access and reward benefits)
  2. IDBI Bank Royale Signature Credit Card (Best for offering reward points and fuel surcharges waivers)
  3. Kotak Mahindra Bank Fortune Gold Credit Card (Best for offering fuel surcharges waivers)
  4. Standard Chartered Emirates World Credit Card (Best for lounge access and reward points)
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