|American Express PAYBACK Credit Card Details Updated on|
Rs. 750 + taxes for the first year
Rs. 1,500 + taxes from the second year
|Payback Points||2 Payback points per Rs. 100 spent|
|Milestone Benefits||Flipkart vouchers of up to Rs. 7,000|
American Express PAYBACK Credit Card offers 2 Payback points for every Rs. 100 you spend. You can redeem these points at partner outlets in the country as well as online partners. You can also use the points to clear dues. You get the chance to win lucrative Flipkart vouchers on completing milestones. Benefits are available on fuel, contactless payments, dining, online shopping, bill payments, etc. There is a facility for replacement if you lose your credit card. You can make a contactless payment. The line of lending is affordable compared to several other credit cards in the market.
In this post, we will discuss American Express PAYBACK Credit Card features, privileges, fees, and charges, and frequently asked questions.
The Company offers its customers a Flipkart voucher of Rs. 750 after making 3 successful transactions from the new American Express PAYBACK Credit Card within 60 days of getting one issued.
You can earn as much as 2 Payback points per Rs. 100 spent through your American Express PAYBACK Credit Card. The company also offers multiple points from more than 50 partners. The reward points credited in your account can be redeemed in the following easy ways:
Following milestone benefits can be earned through your American Express PAYBACK Credit Card if you pay the required annual fee:
Apart from the reward points, the company offers you a lot more offers and privileges and offers which are available on fuel, contactless payments, dining, online shopping, bill payments, etc. Some of the offers are listed below:
Here are the fees and charges applicable on this credit card:
Here are the frequently asked questions:
You can get a reward of Rs. 7,000 worth Flipkart voucher on spending over Rs. 2.5 lakhs in a year. Similarly, you can earn a Flipkart voucher of Rs. 5,000 and Rs. 2,000 on spending over Rs. 2.5 lakhs and Rs. 1.25 lakhs in a year, respectively.
Payback points earned at Payback partner brands are a part of the PAYBACK Loyalty Program. Any change in the PAYBACK loyalty program may change/ affect the Payback partner brands and Payback points earned by you at such brands.
Now all your spending on insurance, fuel, and utility bills such as water, electricity, and gas, shall not fetch you PAYBACK points in your American Express PAYBACK Credit Card. Utility services mean providers of domestic gas, water, and electricity. Fuel includes CNG, petrol, and diesel from Oil Marketing Companies.
From 15th March 2020, no PAYBACK points shall be rewarded to the cardholders for the EMI option selected with the merchant terminal (Retail Pantaloons store) as well as the merchant website (Flipkart, Amazon, etc.). However, the same shall continue to be credited in case of EMIs made through American Express SafeKey and any post-purchase conversion of single transactions to EMIs.
For the first year, you will have to pay Rs. 750 + taxes as the annual fee. Rs. 1,500 + taxes are the fee from the second year.
There is no penalty for foreclosure on your credit card.