Question 1

What is the annual fee on the American Express SmartEarn™ Credit Card and how do you get it waived?

Accepted Answer

The American Express SmartEarn™ Credit Card charges ₹495 plus GST as a joining fee and the same ₹495 again at renewal. American Express waives the renewal fee if you spend ₹40,000 in the previous year, which is about ₹3,333 a month. If your card spend sits below that, treat ₹495 as a real yearly cost that your rewards have to clear first.

Question 2

What is the reward rate on the American Express SmartEarn™ Credit Card?

Accepted Answer

You earn 10 points per ₹50 on Flipkart, Uber, BookMyShow and other partners. Everything else earns 1 point per ₹50. Each point is worth about ₹0.25 when you redeem it well, so ₹10,000 of top category spend gives you 2000 points, roughly ₹500, which is about 5% back. Fuel, Insurance, Utilities, Cash Transactions earn nothing at all.

Question 3

Which spends do not earn rewards on the American Express SmartEarn™ Credit Card?

Accepted Answer

Fuel, Insurance, Utilities, Cash Transactions, EMI conversion at Point of Sale earn nothing on this card. Between them these cover a large part of a normal month, so work out your reward rate on eligible spend only, not on your total bill.

Question 4

Can you still apply for the American Express SmartEarn™ Credit Card?

Accepted Answer

No. Closed to new applications since Mar 2025. The date on record is Mar 2025. Existing cards keep working and your points stay usable until then, so redeem what you are holding rather than waiting. Do not pay a renewal fee on a card that is being wound down.

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American Express SmartEarn™ Credit Card

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