American Express SmartEarn Credit Card

Vouchers worth ₹500 on reaching each of the spend milestones of ₹1.20 lakh, ₹1.80 lakh and ₹2.40 lakh in a Cardmembership year.

Joining fee

First-year membership fee ₹495 plus applicable taxes

Annual / renewal fee

Membership fee ₹495 plus applicable taxes, first year and second year onwards

Annual fee waiver

The renewal membership fee is waived on eligible spends of ₹40,000 and above in the previous year of Cardmembership. Eligible spends exclude cash advances, express cash, drafts, balance transfers and fees.

Add-on card fee

One supplementary card at no extra cost; ₹250 for each supplementary card thereafter

Interest rate

3.50% per month (42% per annum) on revolved balances and cash advances, rising to 3.99% per month (47.88% per annum) where the account is in default.

Interest-free period

48 days

Cash advance fee

3.5% of the cash advance amount, subject to a minimum of ₹250. Cash withdrawal in India is currently suspended; the facility is available overseas only.

Overlimit fee

Overlimit transactions have been disabled since 1 October 2022. Debits of fees and charges raised by the issuer can still take an account over its assigned limit.

Payment dishonour

₹250 per returned instrument

Forex markup

3.50% currency conversion factor on foreign-currency transactions

Duplicate statement

₹100

Income (salaried)

₹4.5L/year

Income (self-employed)

₹6L/year

Age

18+ years

• Which partners earn accelerated Points on the SmartEarn Credit Card?
• How is the renewal fee waived?
• What is the welcome benefit?
• Does the SmartEarn Credit Card include airport lounge access?