Credit Card Compare

American Express SmartEarn™ Credit Card

Data last updated 25 October 2026
42.00%
Purchase rate
₹495
Annual fee
500
Bonus points

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Application

CardIQ

48Fair

Fair

Overall score, out of 100 · How this works

  • Rewards57
  • Sign-up bonus39

Customer reviews

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Pros & cons

What's good

  • 500 bonus Membership Rewards points to start, worth around ₹130 at our ₹0.25-per-point valuation.
  • The 42% p.a. purchase rate is among the lowest ongoing purchase rates (the median card charges 45% p.a.).
  • Earns 10 Membership Rewards Points per ₹50 on bonus categories.
  • No fee to add an additional cardholder.

Worth noting

  • Annual fee of Rs. 495 plus applicable taxes (taxes excluded from stated fee). Same fee from year 2. 100% waived if total spends in immediately preceding cardmembership year is Rs. 40,000 or more. Up to 1 supplementary card complimentary; additional supplementary cards charged at Rs. 250.
  • Earns 1 Membership Rewards Point per ₹50 on everyday spend, around the dataset average.
  • Requires a minimum income of ₹4,50,000 a year.
  • Up to 48 interest-free days on purchases (below the 50-day median).

Card details

The basics

Additional cardholder fee
₹0 p.a.
Card tier
Not published
Card type
American Express
Card use
Personal
Credit limit
Not published
Credit rating
Not published
Rewards program
Membership Rewards

Eligibility

Instant approval
Not published
Joint application
Not published
Minimum age
18 years old
Minimum income
₹4,50,000 p.a.
Residency
Resident Indian
Temporary residents
Not published

Rates & fees

Ongoing interest rates

Cash advances
42.00% p.a.
Purchases
42.00% p.a.

Fees

Additional cardholder fee
₹0
Annual fee
₹495 p.a.
Cash advance fee
3.5% of the amount
Foreign transaction fee
3.5%
Late payment fee
₹1,000

Repayments

Interest-free period
Up to 48 days on purchases
Minimum repayment
Minimum Payment Due as shown on the Card statement

Balance transfers

This card has no promotional balance transfer offer.

Introductory purchase offer

This card has no introductory purchase rate offer.

Rewards

Earn rate

Everyday spend
1 Membership Rewards Point per ₹50
Bonus categories
10 Membership Rewards Points per ₹50 in bonus categories
Other purchases
None
Overseas spend
None
Reduced rate above monthly cap
None
Points cap
Uncapped
Points expiry
—

Sign-up bonus

Bonus spend required
Rs. 10,000 in the first 90 days of Cardmembership
Sign-up bonus
500 points

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

Purchase rate42.00%Top 10% (4th of 91 cards)
Annual fee₹495 a yearBetter than most (26th of 91 cards)
Rewards value₹2,700 a yearBetter than most (21st of 61 cards)
Overseas fee3.50%Better than most (33rd of 91 cards)
Interest-free days48 daysNot as good as most cards (54th of 73 cards)
Sign-up bonus₹125Among the weakest we track (35th of 37 cards)

Data as at October 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Sources

Credit Card Compare
Australian credit card statisticsHow CardIQ scores cards
Issuer
American Express
Program
American Express Membership Rewards