Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • American Express PAYBACK Credit Card

    Payback Credit Card by American Express is a rewards-focused credit card that allows you to collect Payback points on the card and redeem them at partner stores and get special discounts. Payback is one of India's biggest loyalty programmes, which is partnered with over 50 online and offline stores.

    Features and Benefits of the American Express Payback Credit Card

    The features and benefits of getting an American Express Payback Credit Card are many. Here are some of the special offers:

    • Earn multiple points from more than 50 PAYBACK partners
    • You get a Flipkart gift card worth Rs.750 when you make three purchases within 60 days of getting your card.
    • You will get gift vouchers worth Rs.7,000 after spending Rs.2.5 lakhs over a cardmembership year.
    • You will earn gift vouchers worth Rs.2000 if you spend Rs.1.25 lakhs on a cardmembership year. Additionally, you will also get gift vouchers worth Rs.5,000 upon spending Rs.2.5 lakhs in a cardmembership year.

    Eligibility Criteria

    The eligibility criteria for American Express Payback Credit Card are:

    • Minimum age: 18 years
    • You must be an Indian resident
    • You must have an Indian credit file. You can get this if you have owned a credit or debit card from any bank/financial institution.
    • You must not have filed for bankruptcy in the past 7 years.
    • You must have a good credit score to be able to get good interest rates.

    Documentation Required

    To apply for a Payback Credit Card from American Express, you need to produce the following documents:

    • Identity proof: Passport/PAN/Voter ID card/Aadhaar/Driving licence/Ration card and other applicable government documents
    • Address proof: Passport/Driving licence/Ration card/Electricity bill/Landline telephone bill and other applicable government documents
    • Income proof: Latest payslip/Form 16/copy of Income Tax Return and bank statements
    • Credit report: American Express may ask for your credit report as per its discretion.

    Fees and Charges

    The following fees and charges are applicable on your American Express Payback Credit Card:

    Charges Amount
    Standard joining fee Rs.750 plus taxes
    Standard annual fee (2nd year onwards) Rs.1,500 plus taxes
    Standard add-on card joining fee 1 Supplementary Card provided free of cost; Each additional Supplementary Card is Rs.750
    Interest rate 3.50% per month
    Cash withdrawal fees 20% of the credit limit, or 333 USD per 14 days, whichever is less
    Late payment charge 30% of the minimum amount due, with a minimum of Rs.500 and a maximum of Rs.1,000, plus taxes

    Your annual fee is waived from the second year if you spend over Rs.1.5 lakh through the credit card in the preceding year.

    FAQs on American Express Payback Credit Card

    1. How can I redeem the Payback points at offline stores?

      You need to present your Payback credit card at the store and tell the customer service executive/salesperson to check the points balance. If you are eligible for redemption, you can instruct the store personnel to redeem the points on your purchase.

    2. How can I redeem the Payback points online?

      To redeem the Payback credit card online, you need to first register your card on the Payback website. When checking out at online stores, you can mention your Payback card number to redeem the available points.

    3. How long are Payback points valid?

      Payback points are valid for a period of 3 years from the time they are credited to your account.

    4. What do I do if my card is stolen or lost?

      In case your card is lost or stolen, call the customer service team to get the card blocked.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    This Page is BLOCKED as it is using Iframes.