American Express SmartEarn

Fees

Waiver: 100% of the ₹495 annual fee is waived if total card spend in the immediately preceding membership year is ₹40,000 or more

Rewards

Perks

• ✓Forex markup: 3.5%
• ✓Fuel convenience fee (Amex's own Key Fact Statement PDF): 0% at HPCL pumps on transactions under ₹5,000 (a real waiver), 1% at HPCL on transactions ₹5,000+, 1% unconditionally at BPCL and IOCL (no waiver there), and 2.5% at every other fuel brand — not a blanket fuel-surcharge waiver
• ✓First supplementary/add-on card is complimentary; each additional add-on card costs ₹250/year
• ✓Contactless payments under ₹5,000 do not require PIN or signature
• ✓EMI conversion available from 1.17% per month across 3-24 month tenures
• ✓Zero lost-card liability if fraud is reported within 3 working days; liability capped at ₹1,000 if reported later
• ✓Points can be redeemed instantly for e-vouchers from partner brands, or used to pay Card charges directly
• ✓A separate 5X category (Paytm Wallet, Myntra and other listed shopping/wallet partners, capped at 250 points/month combined with the movie-ticket 5X bucket above) is documented on Amex's own SmartEarn shopping page, but that page's partner list still names discontinued retailers (Jabong, Grofers, Big Bazaar), so the current live roster of 5X partners should be treated as unconfirmed pending a refresh of Amex's page