American Express® Payback Credit Card

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American Express®
Payback Credit Card

American Express PAYBACK® credit card comes with an annual fee of Rs 750 + GST and a renewal fee of Rs 1,500 + GST from second year of card membership onwards. Amex PAYBACK credit card offers multiple PAYBACK points for transactions at over 50 PAYBACK merchant partners.

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Updated: 27-05-2024 12:01:56 PM

Key Highlights of American Express PAYBACK® Credit Card

PAYBACK Rewards: An American Express PAYBACK® credit card user is entitled to earn 2 PAYBACK points for every Rs 100 spent through the card.
Gift Voucher: A Flipkart voucher worth Rs 750 is issued to eligible card members on performing a minimum of three transactions within 60 days of card membership. The Flipkart voucher is only provided in the first year of card membership subject to payment of annual fee.
Milestone Benefits: American Express provides gift vouchers to the tune of Rs 7,000 on crossing a spend threshold of Rs 2.5 lakh in a card membership year. A gift voucher of Rs 2,000 is provided on surpassing spends of Rs 1.25 lakh, while an additional voucher of Rs 5,000 is issued on achieving spends of Rs 2.5 lakh in a card membership year.

Benefits & Features

American Express PAYBACK credit card has the double benefit of rewards as a card member earns PAYBACK points from American Express, as well as PAYBACK Group.

PAYBACK Points: For every Rs 100 spent through American Express PAYBACK® credit card, a card member earns 2 PAYBACK points. An Amex PAYBACK credit card member can boost PAYBACK points on transacting at over 50 PAYBACK merchant partners.

PAYBACK points earned by transacting at PAYBACK merchant partners can vary from brand to brand and period to period. The quantum of PAYBACK points depends on the ongoing schemes under the PAYBACK Loyalty Program operated by PAYBACK Group.

A user can earn PAYBACK points on all transactions except for EMI conversions at Point of Sale, fuel purchases, insurance premium payments, cash withdrawals and utility bill payments.

Utility bills include gas, electricity and water, fuel purchases include CNG, petrol and diesel from oil marketing companies. Such transactions don’t accrue PAYBACK points irrespective the service providers are government-run agencies, municipal organisations, apartment associations and public housing societies.

Furthermore, American Express doesn’t offer PAYBACK points on any EMI conversions at merchant websites such as Amazon, Flipkart, Myntra, etc and on any EMI transactions at merchant terminals of Croma retail outlets, whether it is a PIN transaction or Contactless payment from 15 March 2020, onwards.

Amex PAYBACK credit cardholders continue to earn PAYBACK points on all EMI conversions done through American Express® SafeKey and on all transactions that are converted into EMIs post full payments for the purchases.

Dining Benefit: All American Express PAYBACK® credit card customers are entitled for up to 20% discounts at dine-ins at select restaurants across Delhi, Mumbai, Bengaluru and Chennai.

Fuel Surcharge Benefit: Amex PAYBACK® credit card provides exclusive fuel surcharge waivers to cardholders as card members can enjoy 0% fuel convenience fee on fuel purchases at refuelling stations operated by Hindustan Petroleum Corporation Ltd (HPCL). The benefit of fuel surcharge waiver is available for all transactions less than Rs 25,000, while a nominal convenience fee of 0.3% is levied per transaction for fuel purchases over and above Rs 25,000.

Rewards Redemption: The PAYBACK points earned through American Express PAYBACK® credit card can be redeemed for fabulous rewards through three different ways.

PAYBACK Online Catalogue: The PAYBACK points earned on Amex PAYBACK® credit card can be redeemed for multiple reward options from the PAYBACK Infinity Rewards e-Catalogue that has categories including instant vouchers, home & kitchen appliances, gift cards, etc. A card member can explore the whole catalogue at rewards.payback.in.

PAYBACK Partner Outlets: Users who prefer offline shopping experiences have the option to redeem PAYBACK points at the listed PAYBACK merchant partners in the city. You can simply provide PAYBACK details with the PAYBACK credit card in order to redeem the PAYBACK points at partner outlets and complete the purchase with PAYBACK points.

PAYBACK Online Partners: Online shoppers have the facility of redeeming the PAYBACK points through online merchant partners of PAYBACK. A credit card user is required to enter the PAYBACK details, select PAYBACK points as your payment options and complete the purchase directly with points.

Limited Loss Liability Benefit: American Express PAYBACK® credit card users have zero liability if the card is lost or stolen in India or abroad, provided the event is reported within three working days of the fraudulent activity. In case the event of fraud is reported after three working days, the maximum liability is limited to a maximum of Rs 1,000.

Amex Contactless Payments: American Express credit and charge cards are enabled for contactless payments. The transaction size is capped at Rs 5,000 for each contactless payment. Contactless payments through Amex PAYBACK credit cards are processed without entering the personal identification number (PIN).

Eligibility Criteria

  1. Age: The age of the applicant should be 18 years or above and should be resident of India.
  2. Credit Score: The individual should exhibit a prime credit score, preferably over 750 with no history of defaults on repayments.
  3. Minimum Income Requirement: The personal annual income of the individual should be more than Rs 6 lakh p.a. Self-employed individuals are mandated to showcase a trading history for the firm of over 12 months.
  4. Banking Relationship: The applicant should have a savings or current bank account with any Indian or foreign bank operating in India.
  5. Residential Status: Amex cards are only offered to people residing in Tier-1 and Tier-2 cities including Delhi-NCR, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad, Ahmedabad, Jaipur, Pune, Chandigarh, Bhubaneshwar, Indore, Lucknow, Mysuru, Nagpur, Bhopal, Cuttack, Nasik, Coimbatore, Surat, Vijayawada, Vizag, Vadodara, Ludhiana and Ernakulam.
  6. Having a resident in these cities doesn’t necessarily mean that you can get an Amex credit or charge card. The final eligibility is defined by taking other factors into consideration.

Fees & Charges

  1. Supplementary Cards:  The primary cardholder of Amex PAYBACK credit card can avail one supplementary card without incurring additional costs. American Express levies a fee of Rs 750 per supplementary card beyond the free quota of one.
  2. Late Payment Fee: American Express charges a fee of 30% on the outstanding balance, a minimum of Rs 500 and a maximum of Rs 1,000 on deferred bill payment of Amex PAYBACK credit card.
  3. Cash Advance Fee: Amex levies a transaction fee of 3.5%, a minimum of Rs 250 on all cash withdrawals through American Express PAYBACK® credit card. A fee of $129 is charged on international cash withdrawals through Amex PAYBACK credit card.
  4. Overlimit Fee: A flat fee of Rs 500 is charged if a card member executes a transaction beyond permissible limit as American Express approves a certain number of transactions that are over and above the sanctioned credit limit.
  5. Forex Transaction Fee: American Express levies a currency conversion fee of 3.5% for all foreign currency transactions processed through Amex cards.
  6. American Express charges Rs 100 per statement for retrieving credit card statements that are older than three billing cycles and a fee of Rs 250 per transaction if cheque/ECS/NACH is returned.

Documents Required

American Express demands certain documents that can be submitted for KYC purposes of Amex credit cards and Amex charge cards. This includes…

  1. A passport size photograph.
  2. A user is mandatorily required to submit a copy of PAN. Those who don’t possess a PAN can provide a copy of Form 60.
  3. A copy of any one officially valid document is also required to meet the address proof and identity proof criteria from passport, Voter ID card, Job card issued by NREGA, Aadhaar card, a letter from the national population register (NPR) and a copy of driving license.
  4. Foreign nationals looking to obtain an Amex credit/charge card in India are required to furnish the documents issued by the respective Foreign Embassy of Mission in India and the documents provided by the departments of foreign government’s jurisdiction.

Application Process

You can apply for an Amex Payback credit card directly through the American Express website

American Express Credit Card Application Through Amex Online

Step 1: Go to American Express website, select the desired credit card that suits best according to your income levels, nature of expenses and the benefits offered.

Step 2: Provide your personal details including name, date of birth, email address, mobile number and complete residential address.

Step 3: Quote your PAN, alongside the employment status.

Step 4: Read the Terms & Conditions and tick the check box for agreeing the same.

Step 5: Click on ‘Agree & Continue’.

Other Similar Credit Cards From Different Banks

A user can also cross-examine other credit cards offering relatively similar features before taking the final decision. All the following credit cards are offered for the same annual/joining fee as it is for the American Express PAYBACK credit card.

Credit Card Annual/Joining Fee Annual/Renewal Fee Waiver Condition Main Benefits
HSBC Cashback Credit Card Rs 999 + GST HSBC Bank reverses the annual membership fees of Rs 999 if a customer spends more than Rs 2 lakh.
  • HSBC India has announced an Amazon e-gift card voucher of Rs 250 if a user completes a credit card application online through Video KYC.
  • Card members can also qualify for a Amazon voucher of Rs 1,000 on making a minimum transaction of Rs 10,000 within the first 30 days of card issuance.
Axis Bank MY Zone Credit Card Rs 500 + GST Axis Bank doesn’t have a fee waiver option for MY Zone credit card. However, select channels offer MY Zone credit card for lifetime free.
  • Axis Bank offers buy-one-get-one-free offer on movie tickets booked through Paytm using the Axis Bank MY Zone credit card,
  • Flat discount of Rs 120 is available on Swiggy payments of Rs 500 and above,
CASHBACK SBI Card Rs 999 + GST SBI Cards reverses the renewal fee of Rs 999 from second year onwards if the customer manages to achieve a spending of Rs 2 lakh in the previous year.
  • CASHBACK SBI card offers a 5% cashback on all online spends without any merchant restrictions.
  • 1% fuel surcharge waiver is also available across all petrol pumps in India for all transactions from Rs 500 to Rs 3,000,
Standard Chartered Rewards Credit Card Rs 1,000 + GST Standard Chartered Bank reverses the renewal fee of Rs 1,000 if the card member spends Rs 1.5 lakh or above in the previous year.
  • Earn 4 reward points per Rs 150 spent on all retail transactions excluding payments for government-linked services, insurance and fuel purchases.
  • A card member can get a loan of up to Rs 5 lakh on credit card with a repayment tenure between 12 and 60 months.
HDFC Bank MoneyBack+ Credit Card Rs 500 + GST HDFC Bank has lenient fee waiver conditions as the renewal fee of Rs 500 is waived off if the user spends Rs 50,000 or above before the credit card renewal date.
  • A welcome gift voucher of Rs 500 is provided on spends of Rs 50,000 in a quarter.
  • 10X CashPoints are available on Swiggy, Amazon, BigBasket, Flipkart and Reliance Smart SuperStore,
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American Express® Payback Credit Card FAQs

PAYBACK points earned on Amex PAYBACK credit cards are the rewards points offered by American Express and PAYBACK Group. PAYBACK points can be seamlessly redeemed online, as well as offline merchant partners and a range of gift cards available at PAYBACK Online Catalogue.

No. Fuel purchases including petrol, diesel and CNG transactions don’t qualify for rewards points. However, an American Express PAYBACK credit card user can get fuel surcharge waiver for transactions up to Rs 25,000 at HPCL refuelling stations.

The joining fee for Amex PAYBACK credit card is Rs 750 + GST, whereas the renewal fee of Rs 1,500 + GST is charged from second year of card membership onwards.

Yes. PAYBACK points earned through American Express PAYBACK credit cards can be redeemed for offline purchases at all merchant partners that are listed under PAYBACK Partner Outlets in the desired city.

Amex PAYBACK credit card offers the double benefit of rewards provided by American Express and PAYBACK Group. Additionally, a card member can avail fuel convenience fee waivers for transactions up to Rs 25,000 in a month and vouchers worth Rs 7,000 on crossing spends of Rs 2.5 lakh in a card membership year.