American Express

American Express  Credit Card

Apply American Express  Credit Card

About American Express

American Express (Amex) is an American Multinational Financial Services Corporation headquartered in Three World Financial Centre, New York. Founded in 1850, they are the pioneers in the Credit Card business.

Amex offers a range of Credit Cards with different rewards and benefits tailored to suit your lifestyle.

Why Choose American Express Credit Card?

There is a whole bouquet of reasons to choose American Express Credit Cards.

  • Holding an Amex Card in your wallet is a class-apart experience. These are one-of-its-kind premium cards.
  • Eligible applicants can get hold of Amex Card online at an instant approval.
  • As an exclusive customer, you enjoy access to 24X7 customer service via phone, text, or email.
  • The state-of-the-art security systems keep your account safe.
  • They offer a host of irresistible rewards and offers for card-members, including 24X7 concierge services.
  • You enjoy special offers and discounts overseas as well as domestically at select hotels, retail spends as well as Airport Lounges.

Types of American Express Credit Cards

The Amex Credit Cards are designed to meet the requirement as per individual spending patterns and lifestyle habits.

Amex Cards can be broadly divided into three segments: Premium, Travel, and Rewards Cards.

Table: Types of American Express Cards

Types of Amex Cards Name of Cards

Amex Premium Cards

  • American Express Platinum Reserve Credit Card
  • American Express Gold Card           
  • American Express Platinum Card

Amex Travel Cards

  • American Express Platinum Travel Card
  • Jet Airways American Platinum Credit Card

Amex Rewards Cards

  • American Express Membership Rewards Credit Card
  • American Express Payback Credit Card

Amex Premium Cards

American Express Platinum Reserve Credit Card

  • Annual membership fee (only for the first year): 5000 plus applicable tax Membership renewal fee, second year onwards: 10,000 plus applicable tax
  • 11,000 Bonus Membership Rewards Points as a Welcome Gift.
  • Earn 1 reward point for every 50 spent; except expenses on fuel, insurance, utilities, and cash transactions.
  • Get vouchers worth 6000 for movie or shopping every year.
  • Enjoy privileges at select Hotels, Palace Resorts, and Safaris.
  • Complimentary membership to Priority Pass Programme.
  • Premium access to International as well as Domestic Airport Lounges.
  • Special health and wellness services from Fortis Healthcare, Max Healthcare, and Texas Medical Concierge.
  • Get accelerated reward points under EXTRA program from retail partners.
  • Choose to pay for your flights with reward points through 'pay with points.'
  • Redeem reward points from over 500 options across dining, accessories, travel, and more.
  • Get complimentary access to leading Golf Courses in India.
  • If any item is stolen or destroyed due to natural calamities within 60 days of purchase, it can be refunded.

American Express Gold Card 

The features and benefits of the American Express Gold Card are:

  • First year membership fee: 1000plus applicable taxes
  • Renewal membership fee: 4500 plus applicable taxes
  • Get 4000 bonus membership reward points as Welcome Gift.
  • Earn 1 reward point for every 50 spent except transaction on fuel, insurance, utilities, and cash transactions
  • Earn 1000 bonus points when you complete 6 transactions of 1000 on your card every month.
  • Earn 5000 bonus membership reward points on first year renewal of the card. Points will be credited within 90 days of renewal.
  • Enjoy benefits of travel on bookings made with American Express Gold Card online.
  • Redeem reward points from exotic 18 and 24 karat gold collection.
    • 24 Karat Gold Collection to the extent of 24000 points constitutes of American Express Domestic Travel Online voucher worth 11,000, Bose Sound Link Colour II Bluetooth Speaker or Statement Credit worth 10,000.
    • 18 Karat Gold Collection to the extent of 18000 points constitutes of Statement Credit worth 7,500, Amazon Gift Card worth 8000 or Tanishq voucher worth 7500.
  • You also have 500 plus redemption options, including leading Airlines and Hotels, Electronics and more.
  • Enjoy up to 20% discount on select premium Restaurants.
  • Enjoy valuable Travel benefits.
  • Enjoy waiver of convenience fee on fuel spends.

American Express Platinum Card

The features and benefits of American Express Platinum Card are:

  • The Amex Express Platinum Card is a Charge Card that comes at an Annual Fee of 60,000 (plus applicable taxes).
  • The premium card comes packed with exclusive benefits for the valued card members.
  • It has an attractive & safer metal built that makes it stand out of other cards in your wallet.
  • As an exclusive card member of Amex Express Platinum Card, you earn 1,00,000 Bonus Membership Rewards Points. Alternatively, you can avail "stay vouchers" worth 40,000 from prestigious Taj Hotels Palaces Resorts Safaris.
  • You earn 1 Reward Point per 40 spent, except on transactions for Fuel, Utilities, Insurance, and cash payments.
  • Under Accelerated Rewards Program, you earn 3X Membership Points on overseas spends.
  • Enjoy special privilege across 1000+ select Hotels & Resorts globally.
  • You are entitled to earn special offers on booking with Platinum Travel Services.
  • Premium access to more than 1,200 Airport Lounges across 130 countries.
  • Under elite 'DO ANYTHING' Platinum Concierge Program you get unlimited service for:
    • Locating or Sourcing Goods/ Services
    • Personal Arrangements
    • Events Management
    • Reservation for Dining
    • Golf Bookings
    • Gift and Flower
    • Movie and Theatre Booking
    • Reservations for exclusive 'By Invitation Only' events.

Amex Travel Cards

American Express Platinum Travel Card

The features and benefits of American Express Platinum Travel Card are:

  • First year membership fee: 3500 plus applicable taxes
  • Membership fee, second year onwards: 5000 plus applicable taxes
  • 5000 milestone bonus membership reward points as Welcome Gift. You can redeem these RPs for travel vouchers worth 4000.
  • On annual spends of 1.90 lakh get bonus membership reward points worth 7700. You can redeem these RPs for travel vouchers worth 6000.
  • Enjoy 4 complimentary access to select Airport Lounges annually, limited to 1 per quarter.
  • Spend 4 lakh in a year and get additional Travel Vouchers worth more than 11800 and also get Taj Experiences Gift Cards worth 10000 from Taj Hotels, Palace Resorts, and Safaris. The gift cards will be mailed to you once you reach the 4 lakh spend threshold.
  • Make Travel Bookings on MakeMyTrip and enjoy attractive benefits.
  • Earn 1 reward point for every 50 spent, except on spends for fuel, insurance, utilities, and cash transactions.
  • On spending 1.90 lakh in a year, earn 3400 regular membership points which can be redeemed for Travel Vouchers worth 1700.
  • You can further earn accelerated rewards up to 20 bonus membership reward points for every 100 spent on your card at their EXTRA Membership Rewards Program Partners.
  • The membership points can be accumulated for three years. Points which are not redeemed at the end of the third year will expire.
  • Redeem the reward points choosing over 600 other redemption options if you do not want to redeem them for travel vouchers. The redemption value will change depending on the choice you make.
  • Enjoy complimentary Priority Pass Membership.
  • Get fuel convenience fee waiver by spending on fuel with this card.
  • Enjoy 20% discount at select Premium Restaurants.
  • Liability on the lost card after the report of loss will be exempted.

Jet Airways American Platinum Credit Card

The benefits and features of this card are:

  • First year membership fee: 5000 plus applicable taxes
  • Renewal Fee, second year onwards: 10,000 plus applicable taxes.
  • Welcome Gift of 10,000 bonus JP Miles and one- way Jet Airways Base Fare waiver for a domestic ticket on the first charge.
  • 8 JP miles for every 150 spent except for spends on fuel, insurance, utilities, and cash transactions.
  • Complimentary access to eligible Airport Lounges across India.
  • Also earn 16 JP miles for every 150 spent on booking revenue tickets on Jet Airways official website.
  • Enjoy extra baggage facility of 5 Kgs and special check-in facility on domestic Jet Airways flights.
  • Enjoy complimentary Priority Pass Membership.
  • Enjoy dedicated 24 X 7 Platinum concierge services.
  • If loss of your card is reported within 3 working days liability on the card after report of loss will be nil.

Amex Rewards Cards

American Express Membership Rewards Credit Card

The features and benefits of this card are:

  • First year membership fee: 1000 plus applicable taxes
  • Renewal fee, second year Onwards: 4500 plus taxes
  • Earn 1 Membership Rewards Point for every 50 spent, except for fuel, insurance, utilities and cash transactions.
  • The Annual Membership renewal fee will be waived off, if you spend up to 1,50,000 on the card in the immediately preceding membership year; 50% waiver is applicable if the overall spend is between 90,000 and 1,49,999.
  • Earn 4000 bonus points as Welcome Gift on enrolment to the card.
  • 1000 bonus membership Reward Points for using your card 4 times for transactions of 1000 and above every month.
  • You can split your purchases into easy EMIs.
  • You can redeem your points from the exotic 18 and 24 karat gold collection.

American Express Payback Credit Card

The features and benefits of this card are:

  • First Year membership fee: 750 plus applicable taxes
  • Renewal Fee, second year onwards: 1500plus applicable taxes.
  • Get 2 payback points for every 100 spent on the card except on fuel, utilities and insurance expenses. Additionally, get multiple payback point across more than 50 payback partners.
  • Get Flipkart vouchers worth 750 on transacting 3 times within 60 days of enrolment.
  • Spend 2.5 lakh in a year and get Flipkart vouchers worth 7,000.
  • You can redeem your points from the Payback Infinity Rewards E-catalogue. Choose from an array of home and kitchen appliances, Gift Cards to Instant Vouchers and more.
  • You can redeem your Reward Points at payback partner outlets in your city. You can show your Credit Card, provide payback details and purchase with your payback points.
  • Shop online with payback online partners for redeeming Reward Points. Select payback points as your payment option. Enter payback details and purchase directly with points.
  • Enjoy up to 20% discount at select restaurants across Bangalore, Chennai, Delhi and Mumbai.
  • Get fuel surcharge waiver and fuel surcharge of 0.30% for transaction beyond 25000.

Read More: Types of Credit Cards Offered by American Express in India 

Features & Benefits of American Express Credit Card

  • There is a grace period of 15 to 30 days when the balance in the Credit Card Statement is interest free. After the grace period interest of 3.75% to 3.99% per month will be charged.
  • Payment of Credit Card Bill can be made in various ways-
    • By direct debit to account at American Express Bank
    • By NEFT, RTGS if the credit has to come from some other bank account.
    • Through ECS. Provide a mandate for debiting the other bank account.

How to Apply for American Express Credit Online

You need to follow 5 simple steps to apply for American Express Card online, and the card will be delivered to your doorstep.

  1. Choose a Credit Card listed on the official website according to your lifestyle.
  2. Fill in the online application with required details and submit it.
  3. Upload required documents for eligibility check and verification.
  4. After receiving the relevant documents, the card application will be processed.
  5. On approval, the Credit Card and Pin will be sent to the address mentioned in your application. You will receive the Card and the Pin separately.

    All you have to do is swipe the card to activate it.

Why Apply for American Express Credit Card from MyMoneyMantra?

MyMoneyMantra is a one-stop solution for all financial requirements. You can apply for the American Express Credit Card through MyMoneyMantra to make the whole process seamless and easy.

MyMoneyMantra will take care of all the process that is required after filling the application online. For this, you have to make use of the digital platform provided by MyMoneyMantra .

Apply for the card by following some simple steps-

  • Register as a user on MyMoneyMantra website.
  • Log in and choose the Credit Card menu. Select the card you intend to apply for and submit.
  • Fill in all the relevant information required for applying for Credit Card.
  • Once the filling of the application is complete and the process initiated, MMM representative of MyMoneyMantra will contact you and guide you through the process of documentation. The Card Specialist will assist you till the approval.
  • On approval, the card will be dispatched to your address. Card and Pin will be despatched separately to your mailing address.

Documents for American Express Credit Card

For Salaried employees

  • Two photographs of the applicant in passport size.
  • ITR records from the last two years.
  • Proof of identity such as the applicant's Passport/ PAN Card/ Voter ID/ Driving License
  • Proof of Residential Address such as Registered Rent Agreement/ Leave and License/ Utility Bill of at least three months/ Passport
  • Proof of Income such as last six months' salary slip, Form 16 of two years, Bank statement of at least the last six months that reflects salary being credited or EMI being debited.

For Self-Employed

  • Two photographs of the applicant in passport size.
  • Proof of identity such as the applicant's Passport/ PAN Card/ Voter ID/ Driving License
  • Proof of Residential Address such as Registered Rent Agreement/ Leave and License/ Utility Bill of at least three months/ Passport
  • Proof of Business like - GST/ Service tax registration/ Company's incorporation details, Address proof of the business, P&L Account and Balance sheets certified by CA, the proof of the business' existence, copy of the partnership deed and business profile.

Eligibility for American Express Credit Card

American Express Bank has set following eligibility criteria for availing Credit Card facility.

  • Applicant can either be salaried or self-employed.
  • Applicant should be in the age group between 21 years to 65 years.
  • She/he should have a stable income source.
  • Applicant should submit income proof, address proof, business proof, and Photo ID.
  • Credit score should be above 750.
  • Applicant should be an Indian or Multinational Bank's Savings Account holder.
  • All applications are subject to credit and other policy checks of the Bank

Factors Affecting American Express Bank Credit Card Eligibility

The main factors that affect the eligibility criteria for American Express Credit Card are as follows:

  • Income: Individuals and self-employed professionals applying for the card should have stable income.
  • Age: The age of the applicant should be between 21 years to 65 years.
  • Relationship with the Bank: Customers of American Express Bank can get approval for Credit Card based on their previous track record. If you are a loyal customer of the Bank with good credit history, the card approval process will be faster, and you will be able to negotiate on the different charges levied on the card.
  • Loan Repayment: Previous credit history plays a pivotal role in assessing your credibility. Prompt repayment of loan instalments and Credit Card dues builds a good credit history.
  • Too Many Loans: Multiple loan commitments will be viewed critically as it indicates that you are a compulsive borrower who may land up in financial stress at any point of time. You will be termed a high-risk customer if you have too many existing commitments.
  • Credit Score: Credit score is the key to your finance management acumen. The higher the score, the better will be the impression. Aim to keep the credit score above 750 at all times.

Factors Affecting Credit Score

More Unsecured Loans- A good mix of secured and unsecured loans is preferred to keep the credit score at an optimum level. However, more unsecured loans will show negatively on your credit information report.

Multiple Loan Applications- Too many inquiries from different banks for loans will reduce the Credit Score. So, you should take care to not approach different banks at the same time for a loan.

Delayed Payments- Delayed EMI payments and Credit Card dues bring down the Credit Score. It is thus recommended to aim at paying the EMI and Credit Card bills on time to avoid a decline in credit score.

Usage of Credit Limit- Credit Card used wisely will go a long way in keeping your credit score at an optimum level. Always aim to limit Credit Card usage to up to 60% of the limit and pay the entire dues on the billing due date. This will not only help improve Credit Score but will also reduce the cost on the expenses incurred with the card.

How to Improve American Express Credit Card Eligibility

Good credit history: Adopt the habit of repaying loan instalments and Credit Card dues on time, and you will automatically have a good credit history to back your card application.

Creditworthiness: CIBIL score is the scale to measure one's creditworthiness. You should maintain a good Credit Score and ensure that the required rating is maintained at all times.

Tips to Improve Credit History

Maintaining a good credit history is very important to qualify for a loan or any credit product. Not only does the eligibility improve with a good credit history, but you can leverage this positive point to negotiate on interest rates to get the best deal.

Too many loan enquiries in a short span influences Credit Rating. The Credit Score will decline with growing enquiries. It is better to avoid frequenting lending institutions in search of the best credit line.

Next, you must never roll over your card balance as it will not only attract a high rate of interest but would also appear negatively for your score. You should instead plan the repayment of Credit Card with EMI facility. To decide EMI on the purchases made, use EMI calculator to choose the repayment tenure and EMI as per your budget.

Also consider reviewing all the present responsibilities. Consolidate current credit responsibility before applying for the Credit Card EMI. This will help you choose the right repayment period, according to your repayment capacity.

How to Decide the Right Amount of EMI with American Express Credit Card EMI Calculator

All big purchases made using American Express Credit Card can be converted to EMI. Before you decide to convert any high- end purchase into EMI without opting for the revolving payment, you should check the monthly out-go towards the EMI and determine if you will be able to make provision for the extra expenditure from your monthly income.

It is better to opt for EMI payment rather than revolving payment. With revolving payment, you will end up paying as high as 3.75% to 3.99% monthly interest on the balance due in the card.

To calculate EMI with American Express EMI calculator, enter the following information:

  • The amount of purchase made.
  • Interest rate being charged.
  • EMI tenure.
  • Click the calculate button. 

The system will show the EMI monthly break up for both interest and principal amount.

Amex Card EMI: Pros & Cons

Buy Now, Pay Later in EMIs: American Express Card comes handy for instant payments for consumer durables including home appliance such as refrigerator, washing machine & alike. You may not be able to make a cash down payment for big buys every time. In testing times, you can make big purchase and convert them into EMI as per your convenience.

Prepay according to your capacity: This will however increase the cost on the purchase you have made by way of interest charged. However, your card not only extends flexibility to convert big purchases made using American Express Card to EMI but also to pre-pay such amounts whenever you have surplus in hand. This helps to minimise the cost of the purchases made.

Part Pre-payment: There is no provision to make part payments on the amount of purchase that has been converted to EMI. The only option available is to make payment of the entire balance amount earlier to the stipulated tenure.

Frequently Asked Questions - American Express Credit Card

How does the Membership Reward Programme work?

Ans: Individual membership program helps card members in earning and owning points. Cardmembers can utilise their accrued Membership Reward Points for the following categories:

  • Airlines frequent flyers programme
  • Lodging
  • Retail merchandise
  • Products and services
  • Gift Cards

How to check accumulated membership reward points?

Ans: You can check the membership reward points earned by registering for online internet services and logging in with your customer account.

Is there any cash advance fee applicable on American Express Credit Card?

Ans: A cash advance fee of 3.5% of the cash withdrawn with a minimum of 250 will be charged.

What are the late fee charges on American Express Card?

Ans: Late fee of 30% of the minimum amount due, subject to a minimum of 500 and the maximum of 1000 will be charged.

If a charge is disputed, should it be paid?

Ans: The disputed charge will be removed from the statement till the investigation is on and so need not be paid.

What is the time frame within which the charge can be disputed?

Ans: Charge can be disputed within 60 days from the date of the statement.

Will an acknowledgment be given for taking up the charge under dispute?

Ans: A written acknowledgment will be given for having taken up the disputed charge with the merchant. Also, it will be well communicated to you.

How will we know that the matter is resolved?

Ans: A written communication will be given about the outcome of the investigation.

Should we take up the matter with the merchant as well after raising a dispute?

Ans: End to end resolution will be given by the Bank but still if you insist you can contact the merchant.

OTP is sent to your mobile number

Enter OTP

Resend OTP

×

Get Personal Loan up to 40 Lakh Chat
& get instant approval