American Express SmartEarn Credit Card Review

American Express was testing the waters for about ~2 yrs with their Everyday Spend Gold Credit Card in India as a pilot project but that never came as a full fledged offering.

However, later they’ve polished the product a bit and launched it in a new name called American Express SmartEarn Credit Card. Here’s everything you need to know about this card,


TypeEntry Level Card
Reward Rate1% – 10%
Joining Fee500 INR+GST
Best forAccelerated rewards
USP5X, 10X rewards & milestone benefits

American Express SmartEarn Credit Card is a decent card for it’s accelerated rewards and milestone benefits but as such it’s not a popular credit card in the world of American Express, at-least for now.


Joining Fee495 INR+GST
Welcome BonusRs.500 Cashback (spend Rs.10k in 90 days)
Renewal Fee495 INR+GST
Renewal BenefitNil
Renewal Fee waiverSpend 40,000 INR in the previous year

Basically its an entry-level card designed for the mass market segment. Fee & waiver requirement are quite attractive for an American Express Card.


Regular Rewards

  • 1 MR Point for every Rs.50 spend
  • Reward Rate: 0.5% – 1% (assuming 25ps/MR to 50ps/MR)

Accelerated Rewards

Amazon & Flipkart10X~10%500 points
(Spend: Rs.2500)
Uber10X~10%500 points
(Spend: Rs.2500)
Paytm Wallet, Swiggy, etc5X~5%250 points
(Spend: Rs.2500)
  • 10X merchants: Amazon, Flipkart, Uber
  • 5X merchants: Paytm Wallet, Myntra, BlinkIt, Swiggy, BigBazaar, More, PVR, Reliance Fresh, DMart, BookMyShow
  • Reward rate mentioned above is by assuming 1MR = 50ps (Marriott / Taj)

Note that the current partners for 5X/10X promo may change anytime in the future. If you’re new to American Express Membership Rewards, check out how to Maximise MX MR Points.

As you may know, the 5X/10X rewards is an inspiration from the most popular HDFC 10X Program, I feel that this is a not so great implementation as HDFC serves it to premium users while this card targets the entry-level customers.

Entry-level customers might rather prefer direct cashback, or at-least that’s how the industry is handling it, withFlipkart, Amazon, ola ,paytm  cards.

Milestone benefit

Rs.1,20,000Rs.500 Amazon Voucher
Rs.1,80,000Rs.500 Amazon Voucher
Rs.2,40,000Rs.500 Amazon Voucher

So you can earn a total of Rs.1500 worth vouchers by spending Rs.2.4 lakhs. Note that only spends done on/after 1st Aug 2021 to upto your card anniversary year is considered for this benefit.

Maximizing Smartearn

Amex SmartEarn Credit Card

One way to make good use of Smartearn credit card is to take it along with Amex MRCC  (available as a first year free card). If you’re already holding MRCC you may get it as a companion card (targeted for some) while others may just get it as a paid variant.

So if you hold MRCC & Smartearn, your points would be clubbed  and hence you could redeem points for better value using 18K/24K gold collection.

Btw, SmartEarn card looks lot better in hand compared to the almost-ugly MRCC.

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