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American Express SmartEarn Credit Card

Entry-level Amex card weighted towards online partner spending

Annual fee₹495Waived on ₹0.4L spend

RewardsEarn 1 Membership Rewards Point for every ₹50 spent, except on fuel, insurance, utilities, cash transactions and EMI conversion at point of sale.

Forex markup3.5%3.50% currency conversion factor on foreign-currency transactions

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Welcome benefits

worth ₹500

₹500 cashback as statement credit

Trigger: Spend ₹10,000 within 90 days

Rewards

Base earn rate

Earn 1 Membership Rewards Point for every ₹50 spent, except on fuel, insurance, utilities, cash transactions and EMI conversion at point of sale.

Membership Rewards

Excludes: Fuel, Insurance, Utilities, Cash Transactions, EMI Conversion At Point Of Sale

Milestone benefits

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.

Fees & charges

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