Features: This card provides 10X Membership Rewards Points on spending at Zomato, Flipkart, Uber, and Nykaa, and 5X rewards on Amazon. It also allows EMI conversion at select merchants and offers a fuel convenience fee waiver at HPCL outlets. The card has an annual fee of ₹495 + taxes, which can be waived if you spend ₹40,000 or more in a year. Cardholders earn 10X points on select partner brands, 5X points on Amazon, and 1 point per ₹50 on other eligible spends. New users also get ₹500 cashback as a welcome bonus on spending ₹10,000 within 90 days.
Table of Contents
American Express SmartEarn Credit Card Reward Points
| Spending Category | Reward Rate | Example Calculation |
|---|---|---|
| Zomato, Ajio, Nykaa, BookMyShow, Uber, and other 10X partners | 10X Membership Rewards Points per ₹50 spent | Spend ₹2,500 → Earn 500 points |
| Amazon | 5X Membership Rewards Points per ₹50 spent | Spend ₹2,500 → Earn 250 points |
| Other eligible spends | 1 Membership Rewards Point per ₹50 spent | Standard reward rate |
| Fuel, insurance, utilities, cash transactions, EMI conversion | No reward points | Not applicable |
| Total potential rewards per month | Up to 1,250 Membership Rewards Points | Spend ₹7,500 on selected partners |
Milestone benefit
The milestone benefits of the American Express SmartEarn Credit Card offer ₹500 gift vouchers for every spending milestone reached in a cardmembership year:
- ₹1.20 Lakh spend: ₹500 voucher
- ₹1.80 Lakh spend: ₹500 voucher
- ₹2.40 Lakh spend: ₹500 voucher
These vouchers are earned upon reaching the specified spend levels on eligible transactions (excluding fuel, insurance, utilities, etc.). The more you spend, the more vouchers you receive, adding extra value to your card usage.
You can redeem your American Express SmartEarn Credit Card reward points in several ways. The simplest method is through the American Express India website, where you can use the INSTA Rewards catalog to purchase electronics, accessories, and lifestyle products.
Another option is redeeming points for gift cards from top brands in shopping, dining, and travel. You can also transfer points to airline and hotel loyalty programs, book travel through the American Express Travel portal, or pay off your credit card bill using points.
These flexible redemption options allow you to maximize the value of your rewards based on your spending preferences.
Here are some exclusive offers available for American Express cardholders on popular online shopping and travel platforms:
| Platform | Offer |
|---|---|
| Amazon.in |
– Flat ₹2,000 Off on purchases over ₹20,000 – 10% Instant Discount on Dyson products (min. ₹20,000 purchase, up to ₹10,000) |
| Yatra.com |
– 13% Off on domestic flights (up to ₹1,800) – 11% Off on international flights (up to ₹6,000) – Up to 50% Off on domestic hotels (up to ₹7,500) |
| Myntra | – 10% Instant Discount on purchases made with ICICI American Express Credit Cards |
American Express SmartEarn Credit Card Eligiblity
Before applying for the American Express SmartEarn Credit Card, make sure you meet the following eligibility requirements:
- Resident Indian: You must be a Resident Indian as per the Income Tax Act of India and agree to notify American Express in case of a change in your residential status.
- Geographical Availability: American Express Cards are issued to residents of specific cities, including Delhi/NCR, Mumbai, Bangalore, Chennai, Pune, Hyderabad, Jaipur, Indore, Coimbatore, Chandigarh, Ahmedabad, Surat, Vadodara, Lucknow, Ludhiana, Nagpur, Nasik, Trivandrum, and Mysuru.
- Income Requirements:
- Employed: Personal annual income of INR 4.5 lakhs or more.
- Self-employed: Personal annual income of INR 6 lakhs or more.
- Bank Account: You must have an Indian or multinational bank’s savings or current account in India.
- Residential Address: A valid current/permanent residential address in India.
- Age: You should be at least 18 years of age.
- Credit History: A good credit history with no payment defaults.
- Self-Employed: If self-employed, your company should have been operational for at least 12 months.
American Express SmartEarn Credit Card Review
The Amex SmartEarn Credit Card is an excellent choice for individuals who enjoy online shopping, dining, travel, and entertainment, and who have a moderate-to-high income level. The rewards points system is tailored for online shoppers and frequent users of partner merchants, making it ideal for those who fit this profile. However, it may not be the best choice for individuals who do not frequently use the eligible merchants or those who primarily spend on non-eligible categories like fuel and utilities.
For those who can maximize the rewards and meet the spending thresholds, this card offers good value, especially with its welcome bonus, milestone benefits, and the possibility of waiving the renewal fee.
Terms & Conditions
| Condition | Details |
|---|---|
| Eligible Spends |
Excludes cash advances, express cash transactions, drafts, balance transfers, and fees. Statement Credit will be given within 10 working days of completion of eligible spends. Welcome Gift available in the 1st year with annual fee payment and INR 10,000 spent within 90 days. |
| Reward Points Accumulation |
Earn 10 Membership Rewards® points for every ₹50 spent at 10X merchants, 5 points at 5X merchants. 10X Category: Earn 9 additional points on every ₹50 spent at participating merchants. 5X Category: Earn 4 additional points on every ₹50 spent at participating merchants. Caps: 10X rewards capped at 500 points/month for Flipkart, Uber, BookMyShow, EaseMyTrip, Zomato; 5X rewards capped at 250 points for Amazon. For complete list of eligible merchants, visit amex.co/seccrewards. |
| Excluded Categories for Rewards |
No Membership Rewards® points for spends on fuel, insurance, utilities (electricity, water, gas), and telecommunications (mobile, internet, cable). No rewards on EMI options selected from merchant websites or terminals (effective February 1, 2020). |
| Fraud Liability |
Nil liability if fraud is reported within 3 working days. Maximum liability of ₹1,000 if reported after 3 working days. For further details, refer to MITC (Most Important Terms and Conditions). |
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