American Express SmartEarn Credit Card
Joining Fee: ₹495 + GST
Renewal Fee: ₹495 + GST
Reward Type: Reward Points
Rewards Program
Standard Rate: 1 Membership Reward Point per ₹50 spent (excluding fuel, insurance, utilities, cash transactions, and EMI conversion).
Accelerated Rate
10X Membership Reward Points on BookMyShow, Uber, PVR, AJIO, Blinkit, Myntra, Flipkart, and Nykaa (500 points cap per brand).
10X Membership Reward Points on Zomato (500 points cap per month).
5X Membership Reward Points on Amazon (250 points cap per month).
Maximum Monthly Points: 1,250 points by spending ₹2,500 on Flipkart, ₹2,500 on Uber, and ₹2,500 on Amazon.
Reward Redemption
Payment: Use points to pay credit card charges.
Catalogue: Redeem points for shopping, travel, and e-vouchers from various brands.
Transfer: Convert points to air miles and hotel loyalty programs, including Asia Miles, British Airways Executive Club, Emirates, Club Vistara, Skywards, Etihad Guest, Finnair Plus, InterMiles, Qatar Privilege Club, Singapore KrisFlyer, Virgin Points, Marriott Bonvoy, and Hilton Honors.
Welcome Offer
Cashback: ₹500 cashback on eligible spends of ₹10,000 within the first 90 days.
Eligible Spends: All transactions except express cash, cash advances, drafts, fees, and balance transfers.
Annual Fee Waiver
Voucher Earning
Spend ₹1.20 lakh in a year for a ₹500 voucher from top brands.
Spend ₹1.80 lakh for an additional ₹500 voucher.
Spend ₹2.40 lakh for an additional ₹500 voucher.
Brands: Amazon, Flipkart, PVR, MakeMyTrip, Lifestyle, Costa Coffee, Uber, Myntra, and Shoppers Stop.spends of ₹40,000 or more in the previous year.
Other Benefits
Accelerated Rewards 10X Membership Reward Points on Zomato, PVR, and BookMyShow.
Cap: 500 points for Zomato; 500 points cap for other partner brands.
Summary
the American Express SmartEarn Credit Card is a top entry-level option, offering a solid reward rate with 10X and 5X points on select popular brands. It is particularly appealing due to American Express's global reputation for premium cards. However, the card has a monthly cap of 1,250 Membership Reward Points, which requires spending ₹7,500 to reach. Despite this, it has one of the lowest income requirements among American Express cards, making it an excellent choice for those starting their credit journey and valuing the American Express brand.