American Express Smart Earn Credit Card gives the opportunity to earn redeemable reward points on every transaction made through the card at a nominal joining and annual fee. Besides, there are offers of cashback and various waived charges.
American Express Smart Earn credit card features and benefits:
Check below in detail.
Welcome benefits:- The card offers a cashback of Rs.500 as a statement credit on Rs.10,000 spent within the first 90 days of membership.
Reward points:- Cardholders can earn various reward points on every transaction.
- 10X membership reward points on transactions of Rs.50 at Flipkart, Amazon, and Uber.
- 5X membership reward points on transactions of Rs.50 spent on Swiggy, Paytm wallet, BookMyShow, Myntra, PVR, Bigbazaar, Grofers, etc.
- 1 membership reward point on the transaction of Rs.50 spent on categories except for utilities, insurance, fuel, cash transaction, and EMI conversion at the point of sale.
You can redeem these points can be redeemed for vouchers and products from the reward catalog.
Milestone benefit:- The card provides the opportunity to earn vouchers of Rs.500 each on achieving the transaction milestone of Rs.1.20-lakh, Rs.1.80-lakh, and Rs.2.40-lakh in a calendar year.
Renewal fee waiver:- The renewal fee gets waived off at the spent of rs.40,000 and more in the previous year.
Fuel fee waiver:- The card gives the opportunity to save a 1% surcharge on fuel purchases at all HPCL petrol pumps.
EMI conversion:- You can convert your purchases into EMI at a lower interest rate with zero foreclosure charges.
Card liability covers:- You get zero liability on fraudulent transactions if the card is lost or stolen after reporting it to the bank within three days, post which the maximum liability limits to Rs.1000.
Add-on cards:- You can get up to one complimentary add-on card and more at a charge of Rs.250 per card for your family members above 18 years, allowing them to enjoy the benefits of the primary credit card.
Contactless payments:- The card supports contactless payments allowing cardholders to make purchases quickly and easily by simply tapping their card at participating merchants.
This entry-level credit card is for those who love shopping, dining and watching movies. The only downside is the low monthly cap for maximum reward points. Yet, it is a great option to begin the credit journey with minimum income requirements.