American Express SmartEarn Credit Card: The American Express SmartEarn Credit Card, i.e., shopaholics. while making retail purchases through this credit card, membership reward points can be earned and accelerated Membership reward points can be earned while you spend on some specific websites.
Being an entry-level credit card it let you earn reward points on every purchase and provides additional privileges such as bonus cashback, fee waiver, gift vouchers and many more. Therefore, here in this article we are going to see the features and benefits provided by the American Express SmartEarn Credit Card and the eligibility to apply for the same.
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1. American Express SmartEarn Credit Card Features and Benefits
The American Express SmartEarn Credit Card let you earn reward points for various categories for various brands, product purchases, and so on.
Here we have mentioned the features and benefits offered by the American Express SmartEarn Credit Card:
- Welcome Benefits: As a Welcome Benefit, on eligible spends of Rs. 10,000 get Rs. 500 cashback in the first 90 days of the card issuance date and eligible spends include all spends except express cash transactions, cash advances, drafts, fees and balance transfers.
- Milestone Benefits: On eligible spends of Rs. 40,000 or above, Annual membership fee waived off in the previous year of the card membership.
- Movie and Dining Benefits: Get 5X Membership Reward Points on Swiggy and BookMyShow, max cap of 250 Points applicable for all 5X partners combined.
- Fuel Surcharge Waiver: On your fuel transactions at HPCL fuel stations exceeding Rs. 5,000, cardholders will get a fuel surcharge waiver of 1%, fuel surcharge applicable on all transactions at all non-HPCL stations.
- Reward Points: You will earn 1 Membership Reward Point, for every Rs. 50 spent using this credit card with the exception of spends on Fuel, Insurance, Utilities, Cash Transactions and EMI conversion at POS, on Amazon and Flipkart 10X Membership Rewards Points i.e., maximum 500 Points per month, on Uber rides 10X Membership Rewards Points, on Paytm wallet uploads, Swiggy, BookMyShow, Big Bazaar, PVR, Myntra and many other merchants 5X Membership Rewards Points.
2. American Express SmartEarn Credit Card Fees and Charges:
- The Joining fee charges are- Rs. 495+ Taxes
- The Annual fee or Renewal fee charges are- Rs. 495 + Applicable Taxes (Waived off on spending Rs. 40,000 and above in the previous year of Cardmembership).
- The Cash withdrawal fee, Rs. 250 or 3.5% of the withdrawn amount.
- On all the Foreign currency transaction, you have to pay forex fee of 3.5% on the transacted amount. This fee is to be paid on all international transactions done using this credit card.
- An interest rate of 3.5% per month (42% annually) is applicable on the due amount on the card if the cardholder is unable to clear all the dues by the payment due date.
3. American Express SmartEarn Credit Card Eligibility Criteria to Apply:
The common eligibility criteria and the documents required to apply for American Express SmartEarn Credit Card are as follows:
- The age limit for applying for this card is 18 years of age.
- The cardholder should be an Indian resident and an excellent credit score i.e., 750 with savings or current account in India.
- And should be resident of the cities- Delhi/NCR, Mumbai, Chennai, Bangalore, Pune, Hyderabad, Indore, Jaipur, Coimbatore, Chandigarh, Ahmedabad, Surat, Vadodra, Lucknow, Ludhiana, Nagpur, Mysuru, Trivandrum and Nasik.
- The cardholder should be either through salary with the annual income of Rs. 4.5 lakh or self-employment with atleast Rs. 6 lakh and above per annum and must have filed an income tax return of at least Rs. 6 lakh in the previous year and your company must have been trading for at least a year now..
- For Identity Proof documents you need are Aadhar Card, Voters Id, PAN Card, Passport, Driving License.
- For Address Proof, Utility bills of the latest months, Aadhar Card, Passport, and Ration card are the needed documents.
- For Income Proof, you need to submit the latest bank statement as a salaried person, and can also, submit your company ID card, if you are salaried, and if you are self-employed, you should submit your latest ITR.
4. How to Apply for American Express SmartEarn Credit Card:
For American Express SmartEarn credit card you can apply either online or offline. To apply for the offline mode you have to visit the near by bank branch and fill the physical credit card application form and provide the necessary documents.
And to apply online mode, you need to visit the official website of the bank i.e., www.americanexpress.com and search and select the SmartEarn Credit Card and fulfill the application with required information.
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