AMERICAN EXPRESS Credit Card

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About

Apply online for the American Express Gold Card and get a welcome gift of 4000 Bonus Membership Rewards Points. It is a charge card that does not come with any specific limit. Thus, it is different from the others. Let us look at the various features of the American Express Gold Card.

Features

  • Enjoy flexible spending benefit with 'no pre-set limit', and adjust your spending automatically as per your financials, spending pattern, account history, and credit record
  • Redeem your points for Statement Credit, Bose Speakers, and other fabulous rewards by using 18 Carat & 24 Carat Gold Collection
  • Get Zero Liability for Lost Card

Features

  • 5,000 rewards points that, redeemable for travel vouchers of 4,000
  • Travel vouchers of more than 7,700 on spending 1.90 Lakhs in a year
  • Additional travel vouchers of more than 11,800 on spending 4 Lakhs in a year
  • Voucher worth 10,000 redeemable at Taj Hotels Palaces Resorts Safaris
  • 4 complimentary visits each year to over 31 airport lounges in India

About

For an unbeatable luxury and travel experience, apply for the American Express Platinum Travel Card. You will receive an attractive Welcome Gift of 5000 Milestone Bonus Membership Rewards Points. Redeem these points for Travel Vouchers worth 4000.

About

Buy a Jet Airways American Express Platinum Credit Card and get 10,000 Bonus JPMiles + One-way complimentary Jet Airways Base fare waived domestic ticket on your first charge.

Features

  • 5kg excess baggage on Jet Airways flights across India
  • Welcome gift of 10,000 Bonus JPMiles on first charge + complimentary Jet Airways Base Fare Waiver on Domestic Ticket
  • 5% discount on Jet Airways Base Fare for revenue ticket bookings
  • 8 JPMiles for spending every 150 (except on Fuel, Utilities, Insurance, and Cash Transactions)
  • 16 JPMiles for spending every 150 for booking Jet Airways revenue tickets

About

Apply for your American Express Membership Rewards Credit Card and get a welcome bonus gift of 4000 Bonus Membership Rewards Points.

Features

  • 1,000 bonus rewards points on using your card 4 times for transactions of 1,000 and above each month
  • 5,000 rewards points on 1st card renewal
  • 4,000 bonus reward points as welcome gift
  • Earn 1 reward point for spending every 50 (except on insurance, fuel, utilities & cash transactions)

Features

  • Use the Gold card 3 times within the initial 60 days of your card membership and receive 4000 Bonus Membership Rewards Points.
  • It is a unique type of card that does not come with a pre-set limit. The limit keeps adjusting according to your financials, spend pattern, account history, and credit record.
  • Make 6 transactions above 1,000 using the American Express gold card and get 1000 Bonus Membership Rewards Points. Annually, it translates into 12,000 Bonus Membership Rewards Points.
  • Redeem your hard-earned rewards points for fantastic gifts like Bose Speakers, Statement credits, and more from the 18 and 24 Carat Gold Collection.

Fee and Interest Rates

  • APR - 37.20% - 42%
  • Annual Fee -
    • 1st Yr: 500
    • 2nd Yr onwards: 500

 

Fee and Interest Rates

  • APR - 40.2%
  • Annual Fee -
    • 1st Yr: 3,500 + Applicable Taxes
    • 2nd Yr onwards: 5,000 + Applicable Taxes

Features

  • The most attractive feature is the Welcome Gift of 5000 Milestone Bonus Membership Rewards Points you receive when you apply for this card
  • You can redeem these rewards points for travel vouchers worth 4000.
  • Use this card to spend 1.90 Lakhs and get travel vouchers worth up to 7,700
  • Increase your expenditure up to 4Lakhs a year and receive additional Travel Vouchers worth 11,800

Features

  • As a Welcome Gift, you receive 10,000 Bonus JPMiles plus a one-way complimentary Jet Airways Base fare waived domestic ticket on your first charge
  • When you renew your card, you get the benefit of 5,000 Bonus JPMiles and a complimentary Jet Airways Base Fare waived domestic ticket
  • Get accelerated earning rate of up to 20 Bonus JPMiles per 100 along with unlimited complimentary lounge access

Fee and Interest Rates

  • APR - 40.2%
  • Annual Fee -
    • 1st Year - 5,000 + Applicable Taxes
    • 2nd Year onwards - 10,000 + Applicable Taxes

Features

  • Use your American Express credit card 4 times a month for more than 1000 and earn 1000 Bonus Membership Rewards Points
  • Redeem your rewards points from the stunning new 18-Karat and 24-Karat Membership Rewards Gold collection
  • The convenience of splitting up the payment into easy EMIs when you use your American Express Credit Card on your next big purchase
  • Receive exciting benefits on travel bookings with MakeMyTrip.com

Fee and Interest Rates

  • APR - 42%
  • Annual Fee -
    • 1st Year - 1,000 + Applicable Taxes
    • 2nd Year onwards - 4,250 + Applicable Taxes

Documentation

  • KYC - Address proof, PAN, ID Proof
  • One passport-sized photograph
  • Salary slip
  • Form 16

Documentation

  • KYC - Address proof, PAN, ID Proof
  • One passport-sized photograph
  • Salary slip
  • Form 16

Special Offers

  • Complimentary Airport Lounge access to 12 domestic airports at 10 Indian cities
  • Complimentary iPrefer Elite Tier membership from specific hotels and resorts
  • You have the liberty to extend your holiday with a complimentary 3rd or 4thnight stay if you book 2-3 consecutive nights at particular properties of Oberoi Hotels and Resorts
  • Accelerated 8 JPMiles for every 150 you spend, except for fuel, utility, Insurance and cash advance transactions.
  • You receive 16 JPMiles for every 150 you spend on booking tickets on Jet Airways

Exclusive Privileges:

  • Travelling on Jet Airways flights within India enables you to enjoy dedicated check-in and excess baggage waiver of 5 kg.
  • You receive a complimentary membership to Priority Pass
  • Flexibility to pay for your big purchases in easy EMIs
  • 5% discount of the base fare for revenue ticket booking on Jet Airways

Benefits from Platinum

This Credit Card entitles you to exclusive benefits and excellent personalised services that American Express is famous for delivering.

  • Platinum Concierge
  • Zero Lost Card Liability
  • Supplementary

Other Benefits

  • With effect from 22 May 2017, you can use your American Express Card for effecting contactless payments
  • You should check up the 'Contactless Symbol Network' on the front as well as the back side of your card
  • As part of the American Express SelectSM Dining Programme, you receive discounts up to 20% at select premium restaurants and multiple cuisines.
  • You get the benefit of a fuel convenience fee waiver

Documentation

  • KYC (any one) - PAN, Address Proof, ID Proof
  • One photograph
  • Salary Slip
  • Form 16

Special Offers

  • Renew your American Express Credit Card for the first time and receive 5000 Membership Rewards Points on payment of the annual fee. You earn these points in your account within 90 days of the renewal.
  • 1000 Bonus Membership points when you use your credit card 4 times a month for more than 1000
  • The facility to redeem your rewards from the 18 and 24-Karat Gold Collection
  • The American Express EMI features allows you to split up your payments

Rewards Programmes

    • You earn 1 Membership Rewards Point for every 50 you spend other than for fuel, insurance, utilities, and cash advance transactions
    • Redeem your rewards points for exciting gifts from the stunning 18 and 24 karat Gold collection

24000 Points - 24 Karat Gold Collection

  • Good Earth Gift Card worth 13,000
  • Statement Credit worth 10,000
  • MakeMyTrip Holiday Voucher
  • Amazon Gift Card

18,000 Points - 18 Karat Gold Collection

      • Bose Soundlink Speaker
      • Tanishq Voucher
      • Statement Credit worth 7,500
      • Welcome Heritage Luxury Stay

Exciting Offers and Privileges

The highlights of the American Express Membership Rewards Credit Card are a convenience, assistance at any hour, exclusive benefits, and much more.

  • Freedom and convenience ? Flexibility is the key benefit of this credit card. You have the option of paying the credit card bill partially or entirely. You can choose to convert your big purchases into easy EMIs
  • Get the benefit of the Fuel Convenience Fee Waiver
  • Exciting benefits when you book your travel tickets through MakeMyTrip.com
  • You get the advantage of 20% discount on dining at select restaurant partners

Excellent Services on your card:

  • Help is within striking distance as this card offers 24 X 7 card related assistance
  • Dispute resolution
  • Zero lost card liability
  • Get an emergency replacement credit card when you lose your original card
  • Two Add-On Membership Rewards Credit Cards free of cost

Contactless Payments

  • With effect from 13 December 2016, you can use your American Express Membership Rewards Credit card to make contactless payments.
  • Check out for the Contactless Symbol Network on the front and back side of your card

Special Offers

  • Earn 1 Membership Rewards Point for every 50 you spend on items other than fuel, insurance, utility payments and cash advance transactions.
  • With effect from 01 July 2017, you earn 1000 Membership Rewards Points on completing 6 transactions worth more than 1000 each on your American Express Gold Card
  • Renew your card on time by paying the annual membership fee and earn 5000 Membership Rewards Points in the First Year. The credit comes into the account within 90 days of the Card renewal.
  • Redeem your rewards points at the fabulous 18 and 24 Karat Gold Collection
  • Make your travel bookings through MakeMyTrip.com and enjoy exclusive benefits.

Rewards Programs

  • Spend 50 on items other than fuel, insurance, utility payments, and cash advance to get one Membership Rewards Point. Accumulate these points and redeem them for exciting gifts.
  • You have the flexibility to redeem your rewards points from over 500 exciting redemption options that include airline companies, hotels, electronics shops, and many more.
  • Receive fabulous rewards from the 18 and 24 Karat Gold collection:

24000 Points: 24 Karat Gold Collection

          • Good Earth Gift Card worth 13,000
          • Amazon Gift Card worth 11,000
          • MakeMyTrip Holiday Voucher worth 12,000
          • Statement Credit worth 10,000

18000 Points: 18 Karat Gold Collection

        • Tanishq Voucher worth 7,500
        • Statement Credit worth 7,500
        • Bose Soundlink Colour Bluetooth Speaker
        • Welcome Heritage Luxury Stay

Other Offers and Privileges

The American Express Gold card comes with a lot of exclusive benefits and intelligence features. Help is just a phone call away.

  • Flexibility to spend
      It is a charge card. Hence, it does not come with a pre-defined limit. The bank approves your charges based on your spending pattern, financial strength, credit record, and account history. However, that does not translate into unlimited spending. You have to call the bank if you wish to make a substantial purchase.
      • Waiver of Fuel Convenience Fee

        There is no convenience fee while fuelling at HPCL

      • MakeMyTrip privileges

        Enjoy extraordinary privileges while making your travel arrangements at MakeMyTrip.com.

      • Fascinating discounts

        Get discounts up to 20% every time you dine at select restaurants.

Gold Services

                • Round the Clock Card related assistance
                • Dispute Resolution of the highest order
                • Zero Lost Card Liability
                • Emergency replacement of your Gold card
                • Two Supplementary Gold cards free of cost

Contactless Payments

          • From 15 December 2016, you can make contactless payments using your American Express Gold Card
          • Check out if you have this facility by confirming the contactless symbol network on the front and back of the card

Special Offers

  • Get travel vouchers worth 7,700 when you spend 1.90 Lakhs on this card annually. Your benefits increase if you increase your spending to 4Lakhs as you get travel vouchers worth 11,800
  • Also, you get gift vouchers worth 10,000 from Taj Hotels Palaces Resorts Safaris
  • This card entitles you to 4 complimentary visits per year to 31 airport lounges in 12 Indian cities like Delhi, Mumbai, Bengaluru, and so on.
  • Get attractive benefits on your travel bookings with MakeMyTrip.com

Using the American Express Platinum Travel Card entitles you to receive the exciting rewards in the following two ways:

  • You receive 1 Membership Reward Point for every 50 you spend on items other than fuel, insurance, utility payments, and cash advance transactions
  • Milestone Bonus Membership Rewards Points in the following manner
    • The first charge you do on your card earns you a Welcome Gift
    • On reaching the first threshold spending of 1.90 Lakhs per year
    • Reaching the second threshold of spending 4Lakhs per year

Details of Bonus Membership points and Travel vouchers

  • Welcome Gift of 5000 Milestone Bonus Membership Rewards points that you can redeem for travel vouchers worth 4,000
  • Reach the first threshold of spending 1.90 Lakhs per annum and receive travel vouchers worth 7,700 in the following manner
  • Spend 1.90 Lakhs per annum and earn 7,500 Spend Milestone Bonus Membership Rewards Points that allows you to redeem for travel vouchers worth 6.000
  • Also, you earn 1 Membership Rewards Points for every 50 spent on items other fuel, insurance, cash transactions, and utility
  • Reaching this threshold also entitles you to receive 3,400 Regular Membership Rewards Points worth 1,700 payments
  • The Extra Membership Rewards Programme allows you to accelerate your Regular Membership Rewards Points to earn 20 Bonus points for every 100 spent on your card
  • You have more than 600 redemption options other than travel vouchers. The value depends on the item you redeem.
  • Reaching the second threshold of spending 4 Lakhs per year on this card entitles you to receive a gift voucher worth 10,000 from Taj Hotels Palaces Resorts Safaris.
    • Continue earning Membership Rewards Points on your American Express Platinum Travel credit card. Avail the feature of carrying over the reward points for the next three years. In effect, your reward points not redeemed by the end of the third year will expire. For example, if you have enrolled on 18th May 2018, your first enrolment year is 18th May 2018 to 17th May 2019. Reward points earned during this year will expire on 17th May 2021, if you do not redeem them by this date.
  • Spending 4 Lakhs on your American Express Platinum Travel Credit Card entitles you to get travel vouchers worth 11,800
    • Spend 4Lakhs per annum and earn 10,000 Spend Milestone Bonus Membership Rewards Points that you can redeem for travel vouchers worth 10,000
    • Also, you receive 1 Membership Reward Point for every 50 you spend on your card on items other than fuel, cash advance, insurance, and utility payments
    • You also earn 3,600 Regular Membership Reward Points redeemable for travel vouchers worth 1800
    • Avail the Extra Membership Rewards Programme to accelerate your reward points by earning 20 Bonus Membership Reward Points for every 100 you spend on this card.
    • In case you do not wish to redeem these points for travel vouchers, you have more than 600 alternate redeemable options where the redemption value depends on the item you redeem.

Other Offers and Privileges

  • Book your travel tours with MakeMyTrip.com and receive exciting special privileges
  • Receive complimentary membership to Priority Pass
  • Get a Fuel Convenience waiver fee on your American Express Platinum Travel Credit Card
  • Get attractive discounts up to 20% on dining at select restaurant partners
  • Avail the benefit of splitting the payment into easy EMIs when you make your next big purchase with this Credit Card.
  • You have other benefits like free supplementary cards, Zero Lost Card Liability Platinum Services, and so on.

Documentation

  • KYC (any one) - PAN, Address Proof, ID Proof
  • One passport-sized photograph
  • Salary Slip
  • Form 16

Fee Details and Waivers

  • The fee for the first year is 1000 plus GST
  • From the second year onwards, the renewal fee is 4,500 plus GST
  • The advantage is that you have the American Express Gold Credit Card free as long as you hold the American Express Gold Card.

Fee Details and Waivers

  • First Year Fee - 5,000 plus GST
  • Second Year Onward - 10,000 plus GST

Fee Details and Waivers

  • First Year fee - 1,000 plus GST
  • From the second year onwards, you pay 4,500 plus GST

Fee Details and Waivers

  • First year - 3,500 plus GST
  • Second year onwards - 5,000 plus GST

Eligibility and Documentation

Eligibility

  • The minimum age for applying for this card is 18 years
  • Have a good credit history with no defaults in payments
  • If you are self-employed, your company should have been in business for more than 12 months

Documentation

Identity Proof Documents

  • Passport
  • PAN Card
  • Aadhar Card
  • Voter ID
  • Driving License

Address Proof Documents

  • Passport
  • Ration Card
  • Aadhar Card
  • Driving License
  • Other bank credit card statement

Income Proof Documents

  • IT Returns for the preceding two years
  • Continuity of Business
  • Three months? salary slips

Eligibility and Documentation

  • The minimum age for applying for the credit card is 18 years
  • Both salaried and self-employed persons are eligible provided you have an annual income of 6Lakhs and above
  • A savings or current account in an Indian or multinational bank is mandatory
  • You should have a permanent residential address in India
  • Your credit history should be good with no defaults in payments
  • If you are a self-employed person, your company should be in existence for more than 12 months.

Documents:

Your bank representative will visit you to collect your documents. Keep them ready to enable the bank

Identity Proof Documents

  • PAN Card
  • Passport
  • Aadhar card
  • Voter's ID Card
  • Driving Licence

Address Proof Documents

  • Aadhar card
  • Passport
  • Driving Licence
  • Ration card
  • Registered Rent Agreement
  • Other bank Credit Card Statement

Income Proof Documents

  • IT Returns for the previous two years
  • Bank Statement to prove the continuity of income
  • Salary Slips for 3 months

Eligibility and Documentation

  • You should be a resident of India as defined in the Income Tax Act 1961.
  • You should declare that you will notify American Express Banking Corporation in case of a change in residential status
  • Your annual income should be over 6Lakhs (both salaried and self-employed persons)
  • The American Express Membership Rewards Credit Card is available to residents of Delhi/NCR, Mumbai, Bengaluru, Chennai, Pune, Hyderabad, Jaipur, Indore, Coimbatore, Ahmedabad, Surat, and Vadodara subject to the satisfaction of terms and conditions.

Documents

Nowadays, banks give instant online approvals for credit cards. However, they need to process the documents before releasing the limits on the cards. Therefore, you should keep these documents ready when the bank representative visits your house.

Identity Proof Documents

  • PAN Card
  • Passport
  • Aadhar card
  • Driving Licence
  • Voter?s ID

Address Proof Documents

  • Passport
  • Aadhar Card
  • Driving Licence
  • Ration Card
  • Gas Bill or Electricity bill
  • Latest Credit card statement

Income Proof Documents

  • IT Returns for the preceding two years
  • Bank account statement to prove the continuity of income, especially for self-employed persons

Eligibility and Documentation

  • The minimum age for applying for the credit card is 18 years
  • Salaried and self-employed persons having an annual income not less than 6 Lakhs are eligible to apply
  • In case you are self-employed, your business activity should be running for more than 12 months
  • You should have a savings or a current account in an Indian or a multinational bank in India
  • A permanent residential address in India is mandatory
  • You should have a good credit history with no instance of defaults in payment

Documents

Keeping these documents ready enables the bank to process your application quickly

Identity Proof Documents

  • Passport
  • Aadhar card
  • Driving Licence
  • PAN Card
  • Voter?s ID

Address Proof Documents

  • Aadhar card
  • Registered Rent Agreement
  • Ration Card
  • Ration Card
  • Driving Licence
  • Gas Bill or Electricity Bill
  • Latest Credit Card statement of other banks

Income Proof Documents

  • Last three month?s salary Slips
  • IT Returns for the previous two years
  • Proof of continuity of business
  • Bank account statement for the previous three months

Frequently Asked Questions

1. Is the Contactless payment facility available with this card?

Yes, with effect from December 15, 2016, you can use your American Express Gold Card for making contactless payments. It is advisable to check out the contactless symbol on the front and back of the card.

2. How do I know whether the merchant establishment accepts the contactless payment facility?

The retailers have unique card readers to check out your card details. Merchant establishments offering this facility display the contactless symbols. Check out if your retailer has this facility.

3. What is a charge card?

A charge card is different from a standard credit card in the sense that there are no pre-defined limits. You can use your card, and the bank will approve the payment depending on your credit history, usage patterns, and income credentials.

4. Does this mean that I can use the card for high-value purchases?

Yes, you can. However, inform the bank and seek their approval before using the charge card for high-value purchases.

Frequently Asked Questions

1. How much credit limit will I get?

Your credit limit depends on various factors like your income, repayment history, nature of employment/business, and so on. The banks usually approve a small limit initially before increasing it based on your credit behaviour.

2. What is the time-frame for a bank to issue a credit card?

When you apply online, banks give an instant decision based on the information you provide. However, they need to verify your documents and credit history before deciding on the limit. The bank representative will visit your house or office to collect your documents. Usually, the banks take around 7 to 10 days for issuing the card.

3. Can I apply for an add-on card for my spouse? 

Yes, you can apply for a complimentary add-on card for your spouse, parents, siblings, and children. These add-on cards do not have a separate limit. They can use it individually but within your limit.

4. How do I pay my credit card bills?

Online payment - You can make online payments through NEFT, net banking, and mobile banking.

Offline payment - The most preferred methods are ECS, debit mandates, and cash payment across the bank counters.

Frequently Asked Questions

1. Can I make my payment for the purchases in EMIs?

Yes, you can split up the payments when you make the next big purchase and pay the bill in instalments. You should inform the bank that you wish to use this facility. Remember that the banks block the limit to the extent of the purchases and release it on a pro-rata basis as and when you pay the instalments.

2. What is the advantage of using this facility?

The most significant advantage is that you do not have to pay any interest if you avail the EMI option. However, you should ensure EMI payments are made when due.

3. If I  lose my card when I am abroad - What should I do?

You should contact the issuing bank, either by email or telephone and inform them about the loss of the card. The bank blocks the card and issues an emergency replacement card.

4. Can I use this card for contactless payments?

Yes, you can use the American Express Membership Rewards Credit card for making contactless payments. Check the contactless symbol on your card on the front and back side. Similarly, the retailer will also exhibit the contactless logo. 

Frequently Asked Questions

1. How do I apply for the American Express Platinum Travel Credit Card?

The easiest way to apply for this credit card is to do it online. Visit credit card service providers like MyMoneyMantra.com and choose from the exciting range of cards available. Apply online and keep the documents ready for inspection by the bank representatives.

2. How much time does it take for banks to issue my card?

It depends on the quality of documents you provide. A good repayment record and an acceptable credit score can reduce the credit card processing time to around 10 to 15 working days.

3. What is an acceptable credit score?

Usually, banks look for credit scores in the range of 700 and above.

4. What factors determine my credit card eligibility?

  • Your income is the primary eligibility factor
  • Your credit history and repayment record is a clinching factor as well
  • Higher the credit score, greater are your chances of approval

5. Are there redeemable options other than travel vouchers?

In case you do not want to redeem your reward points for travel vouchers, there are more than 600 redemption options. The redemption value can vary depending on the item you redeem.

Terms and Conditions

  • The Welcome Gift feature is applicable in the 1st year of the card membership subject to payment of the annual fee
  • With effect from 20th October 2014, you earn 8 JPMiles for every 150 instead of 6 JPMiles on every 100 you spent earlier. Note that you do not receive any JPMiles for spending on cash advance, fuel, insurance, and utilities. Fuel includes diesel, petrol, and CNG from reputed oil marketing companies. Utility services include domestic electricity, gas, and water provided by Government departments and agencies. It includes local and state municipal organisations, apartment associations, and public housing societies.
  • Subject to terms and conditions

Terms and Conditions

  • Commencing 20th October 2014, you cease to earn Membership Rewards Points on your American Express Credit cards for the purchase of fuel, insurance products, utility payments, and cash advances. Fuel constitutes petrol, diesel, and CNG from reputed oil marketing companies. Utilities include your electricity bills, gas, and water bills. The providers are the Governmental agencies that include local, state, and municipal organisations along with public housing societies and apartment associations
  • Terms and Conditions apply to the MakeMyTrip.com offer
  • No convenience fee on fuel purchase transactions up to 25,000 whereas transactions over 25,000 attract 0.3% convenience fee