Membership Rewards Credit Card
Rs 4,500Annual fee
Rs 1,50,000Fee waiver spend
0Domestic lounge
3.5%Forex markup
Best for
Membership Rewards, Monthly Milestones, Shopping, Vouchers
Top rewards
Retail: 1 Membership Rewards Point / ₹50 spent on eligible categories; Partner Merchants: 2 Membership Rewards Points / ₹50 spent via Reward Multiplier on select brands
SmartEarn Credit Card
Rs 495Annual fee
Rs 40,000Fee waiver spend
0Domestic lounge
3.5%Forex markup
Best for
Online, Entry Level, Shopping, Amazon, Zomato
Top rewards
Partner Merchants: 10 Membership Rewards Points / ₹50 spent on select 10X merchants; Amazon: 5 Membership Rewards Points / ₹50 spent on Amazon; Retail: 1 Membership Rewards Point / ₹50 spent on other eligible spends
| Feature | Membership Rewards Credit Card | SmartEarn Credit Card |
|---|---|---|
| Issuer | American Express | American Express |
| Network | American Express | American Express |
| Joining fee | Rs 1,000 | Rs 495 |
| Annual fee | Rs 4,500 | Rs 495 |
| Fee waiver spend | Rs 1,50,000 | Rs 40,000 |
| Reward type | Membership Rewards | Membership Rewards |
| Best for | Membership Rewards, Monthly Milestones, Shopping, Vouchers | Online, Entry Level, Shopping, Amazon, Zomato |
| Top reward categories | Retail: 1 Membership Rewards Point / ₹50 spent on eligible categories; Partner Merchants: 2 Membership Rewards Points / ₹50 spent via Reward Multiplier on select brands | Partner Merchants: 10 Membership Rewards Points / ₹50 spent on select 10X merchants; Amazon: 5 Membership Rewards Points / ₹50 spent on Amazon; Retail: 1 Membership Rewards Point / ₹50 spent on other eligible spends |
| SmartBuy / accelerated caps | Not Listed | Not Listed |
| Domestic lounge | 0 | 0 |
| International lounge | 0 | 0 |
| Forex markup | 3.5% | 3.5% |
| Milestone benefits | 1,000 Bonus Membership Rewards points on 4 transactions of ₹1,500 or more in a calendar month, Additional 1,000 Membership Rewards points on spending ₹20,000 or more in a calendar month | Vouchers worth ₹500 each on reaching spends of ₹1.20 lakh, ₹1.80 lakh, and ₹2.40 lakh in a cardmembership year |
| Redemption | Air miles: upto ₹ 0.5 per point; Statement credit: upto ₹ 0.25 per point | Air miles: upto ₹ 0.6 per point; Statement credit: upto ₹ 0.25 per point |
| Key exclusions | fuel, insurance, utilities, cash transactions, EMI conversion at point of sale, excluded spends as per American Express terms | fuel, insurance, utilities, cash transactions, EMI conversion at point of sale, balance transfers |