SonyTom
TF Ace
Amex SmartEarn credit card is an entry level credit card from Amex which is good for low spenders.
Annual fee: 495 + gst (now with referral offer you get welcome gift of ₹500 on spending ₹10,000 in 90 days. This will cover the first year fee. So effectively its first year free)
Renewal fee waiver: on spends of ₹40,000 in an year.
Base reward rate: 1 MR (membership reward) point per ₹50 spend everywhere except Fuel, Utilities, Insurance, Cash transactions and Spends converted to EMI at the merchant itself.
Accelerated MR points on (as on April 1, 2024):
10x on Ajio, Myntra, Nykaa, Flipkart, Zomato, Blinkit, Uber, Bookmyshow, PVR.
5x on Amazon
Monthly Capping of Accelerated MR points-
Max 500 MR on Zomato on spending ₹2500. Spending more than ₹2500 per month on Zomato will yield only 1 MR per ₹50 spend.
Max 500 MR on spending ₹2500 total on all the other 10x partners together. Spending more than ₹2500 per month combined on all the other 10x partners like will yield only 1 MR per ₹50 spend.
For eg: if you spend ₹3000 in a month on Myntra(₹1000) + Ajio(₹1000)+ Flipkart (₹1000), you will get 10x on the first ₹2500 (so 500 MR) and 1x on the remaining ₹500 (so 10 MR points). This in this example, you will get 510 MR points on spending ₹3000.
Max 250 MR on spending ₹2500 at Amazon. So spending more than ₹2500 on amazon per month will give only 1 MR per ₹50 spend.
Milestone Benefits: Gift voucher worth ₹500 on reaching each spending milestone of ₹1.2 lakhs, 1.8 lakhs and 2.4 lakhs per year.
The Amex Benefit: In addition, the added benefit of excellent customer support and easy chargeback if any fraudulent transactions occur on your card. Plus being part of the Amex universe !!! If you take the card this year, it will be displayed on the card- Member since 2024.
Referral Offer is going on.
As part of the referral offer, those applying for SmartEarn will get
₹500 welcome gift voucher +
4000 Bonus MR points (only till 16 July 2024)
Apply only if you meet the following criteria ( most relevant only)
*Salaried with Annual income >4.5L or Self employed with Annual income >6L.
*No payment defaults in CIBIL and good CIBIL score
*Residents of Delhi/NCR, Mumbai, Bangalore, Chennai, Pune, Hyderabad, Jaipur, Indore, Coimbatore, Chandigarh, Ahmedabad, Surat, Vadodra, Lucknow, Ludhiana, Nagpur, Nasik, Trivandrum and Mysuru.
Disclaimer: All info taken from American Express India website. For more details, refer the website. These details are posted here for educative purpose only.
The value of an MR point is an aspect about which there is never a consensus at TechnoFino. A conservative estimate puts it at ₹0.333.
Annual fee: 495 + gst (now with referral offer you get welcome gift of ₹500 on spending ₹10,000 in 90 days. This will cover the first year fee. So effectively its first year free)
Renewal fee waiver: on spends of ₹40,000 in an year.
Base reward rate: 1 MR (membership reward) point per ₹50 spend everywhere except Fuel, Utilities, Insurance, Cash transactions and Spends converted to EMI at the merchant itself.
Accelerated MR points on (as on April 1, 2024):
10x on Ajio, Myntra, Nykaa, Flipkart, Zomato, Blinkit, Uber, Bookmyshow, PVR.
5x on Amazon
Monthly Capping of Accelerated MR points-
Max 500 MR on Zomato on spending ₹2500. Spending more than ₹2500 per month on Zomato will yield only 1 MR per ₹50 spend.
Max 500 MR on spending ₹2500 total on all the other 10x partners together. Spending more than ₹2500 per month combined on all the other 10x partners like will yield only 1 MR per ₹50 spend.
For eg: if you spend ₹3000 in a month on Myntra(₹1000) + Ajio(₹1000)+ Flipkart (₹1000), you will get 10x on the first ₹2500 (so 500 MR) and 1x on the remaining ₹500 (so 10 MR points). This in this example, you will get 510 MR points on spending ₹3000.
Max 250 MR on spending ₹2500 at Amazon. So spending more than ₹2500 on amazon per month will give only 1 MR per ₹50 spend.
Milestone Benefits: Gift voucher worth ₹500 on reaching each spending milestone of ₹1.2 lakhs, 1.8 lakhs and 2.4 lakhs per year.
The Amex Benefit: In addition, the added benefit of excellent customer support and easy chargeback if any fraudulent transactions occur on your card. Plus being part of the Amex universe !!! If you take the card this year, it will be displayed on the card- Member since 2024.
Referral Offer is going on.
As part of the referral offer, those applying for SmartEarn will get
₹500 welcome gift voucher +
4000 Bonus MR points (only till 16 July 2024)
Apply only if you meet the following criteria ( most relevant only)
*Salaried with Annual income >4.5L or Self employed with Annual income >6L.
*No payment defaults in CIBIL and good CIBIL score
*Residents of Delhi/NCR, Mumbai, Bangalore, Chennai, Pune, Hyderabad, Jaipur, Indore, Coimbatore, Chandigarh, Ahmedabad, Surat, Vadodra, Lucknow, Ludhiana, Nagpur, Nasik, Trivandrum and Mysuru.
Disclaimer: All info taken from American Express India website. For more details, refer the website. These details are posted here for educative purpose only.
The value of an MR point is an aspect about which there is never a consensus at TechnoFino. A conservative estimate puts it at ₹0.333.
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