American Express Smart Earn Credit Card Review: Benefits, Fees, and More

So, You are looking for a credit card that can help you earn rewards while you spend?

Look no further than the American Express Smart Earn Credit Card!

You may earn rewards points on your ordinary purchases with this card and redeem them for a variety of amazing incentives.

But, like any credit card, it’s important to understand the benefits, fees, and features of the Amex Smart Earn Credit Card before you sign up.

In this article, Rapidloans.in will go over everything you need to know about this credit card.

So, let’s get started!

Features and Benefits of the American Express Smart Earn Credit Card

If you’re thinking about getting the American Express Smart Earn Credit Card, you’re probably wondering what makes it so unique.

Its unique qualities and advantages against other credit cards on the market include the following:

American Express Smart Earn Credit Card

Welcome Gift and Renewal Fee Waiver

  • As a welcome gift, you get Rs. 500 cashback as a statement credit when you spend Rs. 10,000 in the first 90 days of card membership with amex smart earn card .
  • If you spend Rs. 40,000 or more in the previous year of card membership, you get a renewal fee waiver.

Accelerated Reward Points

  • You earn 10X Membership Rewards® Points on spending on Flipkart, Amazon, and Uber.
  • You earn 5X Membership Rewards Points on Paytm wallet, Swiggy, BookMyShow, and other partner merchants.

Gift Vouchers

  • When you reach the spend milestones of 1.20, 1.80, and 2.40 lacs in a card membership year, you are awarded vouchers worth 500.

American Express EMI

  • Convert purchases into EMI at the point of sale with an interest rate as low as 14% p.a. and zero foreclosure charges.

Rewards Programme

  • Transact on Flipkart, Amazon & Uber and get 10X rewards for every Rs. 50 spent.
  • Transact on Paytm Wallet, Swiggy, BookMyShow, PVR, Myntra, Jabong, Grofers, Big Bazaar and many more and get 5X rewards for every Rs.50 spent.
  • You earn 1 Membership Rewards Point for every Rs. 50 spent except for spends on fuel, insurance, utilities, cash transactions, and EMI conversion at Point of Sale.
American Express Smart Earn Credit Card

Offers and Privileges

  • Enjoy fuel convenience fee waiver and exclusive benefits.
  • Get 24×7 card-related assistance, dispute resolution, zero lost card liability, emergency card replacement, and contactless payment.

The American Express Smart Earn Credit Card is a fantastic choice for those looking for a credit card that provides rewards, vouchers, and other special benefits because of all these features and advantages.

  • Welcome bonus of 500 reward points on spending Rs.
  • 10000 in the first 90 days.
  • 10X reward points on spending at Flipkart and Uber.
  • 5X reward points on spending on other online transactions.
  • 1X reward points on all other spends.
  • Complimentary membership to Amazon Prime for one year.
  • Discounts on dining and movies.

Eligibility Criteria and Documents Required for American Express Smart Earn Credit Card

You must meet followning eligibility requirements and provide specific documentation before you can apply for the American Express Smart Earn Credit Card.

Here is a brief overview:

Age and Income Range

  • Age Group: 18 years & above
  • Income Range:
    • For salaried individuals: minimum of ₹4.5 lakhs per annum
    • For self-employed individuals: minimum of ₹6 lakhs per annum

Required Documents for Salaried Individuals

If you are a salaried individual, you will need to provide the following documents as proof of your identity, address, and income:

  • Identity proof: Any one of the documents – Passport, PAN Card, Ration Card, Aadhaar Card, Voter ID Card, Driving Licence
  • Address proof: Any one of the documents – Telephone bill, Electricity bill, Passport, Ration card, Rental agreement, Aadhaar card
  • Income Proof: Salary certificate, Recent salary slip, Employment letter
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Required Documents for Self-Employed Individuals

If you are a self-employed individual, you will need to provide the following documents as proof of your identity, address, and income:

  • Identity proof: Any one of the documents – Passport, PAN Card, Ration Card, Aadhaar Card, Voter ID Card, Driving Licence
  • Address proof: Any one of the documents – Telephone bill, Electricity bill, Passport, Ration card, Rental agreement, Aadhaar card
  • Income Proof: Certified financials, Recent ITR (Income Tax Returns), Audited profit and loss statement or balance sheet

To ensure a simple and straightforward application process for the American Express Smart Earn Credit Card, make sure all of these documents are prepared before you start.

Application Process for American Express Smart Earn Credit Card

If you are interested in applying for the American Express Smart Earn Credit Card, follow these simple steps:

  1. Visit the American Express Smart Earn Card website by clicking on the link provided below.
  2. Enter the required details such as your name, date of birth, PAN number, mobile number, and address details. Then, click on ‘Continue’.
  3. Enter your employment details, such as company name, address details, etc. Then, click on ‘Save and Continue’.
  4. Enter your residential address details and click on ‘Save and Continue’.
  5. Select your preferences for the card such as the name on the card, create a 4-digit PIN for the card, and select the card delivery address.
  6. Enter any additional personal details and click on ‘Submit’.

You will receive an instant response (approval or rejection) for your card application after submitting the form.

You will receive the Video KYC link in the page and to you email address to finish the KYC process if your application is accepted.

Things to remember when filling out the application form

  • Double-check that all information entered is correct and matches the documents submitted.
  • Make sure to read and understand all terms and conditions before submitting the application.
  • Ensure that all required fields are filled out completely.

Tips for increasing the chances of approval

  • Have a good credit score.
  • Have a stable employment history.
  • Provide accurate and complete information in the application.
  • Maintain a good credit utilization ratio.
  • Ensure that all payments on previous credit cards are made on time.

Our Verdict

In conclusion, those looking for a credit card that provides a variety of perks and rewards should strongly consider the American Express Smart Earn Credit Card.
From earning reward points on every spend to enjoying discounts on dining and movies, this credit card has something for everyone.
We encourage you to Apply for the American Express Smart Earn Credit Card today and start enjoying the benefits and rewards it offers.

FAQs (Frequently Asked Questions)

What is the eligibility criteria to apply for the American Express Smart Earn Credit Card?

Age Group: 18 years & above
Income Range: ₹4.5 lakhs p.a. for salaried individuals, and ₹6 lakhs p.a. for self-employed individuals

What is the annual fee for the American Express Smart Earn Credit Card?

The annual fee is ₹495 (exclusive of GST) for the first year. The annual fee from the second year onwards will be ₹495 (exclusive of GST) or the actual fee, whichever is higher.

What are the rewards and benefits of the American Express Smart Earn Credit Card?

The rewards and benefits of the card include:
10X Membership Rewards points on all spends done on Flipkart and Uber.
5X Membership Rewards points on all other spends done using the card.
Welcome Gift of 5000 Membership Rewards Points on spending ₹10,000 within the first 90 days of card membership.
Monthly bonus of 1000 Membership Rewards Points on spending ₹10,000 or more in a calendar month.

How can I apply for the American Express Smart Earn Credit Card?

You can apply for the card by visiting the American Express Smart Earn Card website and following the step-by-step application process.

How can I increase my chances of getting approved for the American Express Smart Earn Credit Card?

Some tips for increasing your chances of approval include:
Meeting the eligibility criteria and providing all required documents.
Maintaining a good credit score and credit history.
Ensuring that all information provided in the application form is accurate and up-to-date.

What is the interest rate for the American Express Smart Earn Credit Card?

The interest rate for the card is 3.5% per month or 42% per annum.

What is the credit limit for the American Express Smart Earn Credit Card?

The credit limit for the card is determined by the bank based on your income, credit score, and other factors.

Can I use the American Express Smart Earn Credit Card for international transactions?

Yes, the card can be used for international transactions. However, a foreign currency markup fee of 3.5% will be applicable.

How can I redeem the Membership Rewards Points earned using the American Express Smart Earn Credit Card?

You can redeem the points for a variety of rewards, including travel, shopping, dining, and more, on the American Express website or mobile app.

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