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    The American Express PAYBACK®Credit Card

    We found 1 The American Express PAYBACK®Credit Card

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    The American Express PAYBACK®Credit Card is Rated as "Great!" by 58 Users

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    • Earn multiple points from more than 40 PAYBACK partners
    • Get welcome vouchers worth Rs.3000
    • 'Pay-in-Parts' privilege-Pay in easy installments
    • Apply for American Express Credit Card through and Earn 3% Cash back at leading fuel stations across India + 2.5%* surcharge waiver at HPCL fuel stations. T&Cs apply.

    American Express Payback Credit Card Overview:

    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. The partners include Amazon. Flipkart, Snapdeal, Jabong, MakeMyTrip, TripAdvisor, BigBazaar, Pantaloons, Central and Brand Factory.

    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:

    • You get welcome vouchers worth Rs.3,000 at the time of joining. These vouchers would be of varying denominations and redeemable at different Payback partners.
    • If you spend Rs.15,000 within 60 days of setting up the credit card, you get 900 bonus points.
    • For every Rs.100 that you spend, get 3 Payback points. However, you will not get any reward points when you spend on fuel, utilities, insurance and cash transactions.
    • If you shop with any of the Payback partners, you can earn extra Payback points apart from the usual 3 points.
    • You are also eligible for exclusive discounts on dining, travel and online shopping. More than 1,200 partner restaurants offer you discounts of up to 30% along with an additional 5% cashback if you book your tables through Dineout.
    • Fuel transactions of up to Rs.25,000 per month is exempt from payment of surcharge.

    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’s 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:

    ChargesPayback Credit Card
    Standard joining feeRs.750 plus taxes
    Standard annual fee (2nd year onwards)Rs.1,500 plus taxes
    Standard add-on card joining feeRs.750
    Minimum monthly payment5% of the outstanding amount or Rs.100, whichever is greater
    Finance charges (interest rate)3.25% per month (42% per annum)
    Cash withdrawal fees2.5% (Minimum Rs.250) of the withdrawn amount
    Late payment charge30% 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.

    How to Redeem Your Membership Reward Points:

    You can redeem the Payback points in 3 ways:

    • Shopping from Payback online catalogue
    • Shopping with online partners
    • Shopping with store partners

    How to Apply for the American Express Payback Credit Card:

    To apply for American Express Payback Credit Card through BankBazaar, you need to visit the website and look for American Express under the credit cards section. Select this card; you can also compare it against other cards in the category and explore the rewards. Click on ‘check eligibility’ to see if you are qualified to get the card, and if yes then click on ‘Instant Apply’ to log in to the site and proceed with filling in the application for the card.

    American Express Payback Credit Card FAQs:

    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. Does American Express Payback Credit Card have any travel benefits?

      Payback is partnered with MakeMyTrip, which means that every time you use your card on the site, you will get extra points apart from the usual 3 Payback points.

    5. What is the minimum amount for converting purchases into easy monthly installments?

      You can convert your purchases above Rs 5,000 into easy monthly installments with the help of the Pay-In-Parts facility offered with this card.

    6. Can you tell me more about the fuel surcharge waiver?

      When you use your card to refuel your vehicle at any of the HPCL petrol pumps in the country, you will get 100% waiver on fuel surcharge on transactions below Rs 25,000.

    7. How can I earn more PAYBACK reward points?

      You can boost the rate at which you earn reward points when you shop at any of the 40 PAYBACK reward partners such as Big Bazaar, Pantaloons, MakeMyTrip etc.

    8. 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.


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    The American Express PAYBACK®Credit Card Reviews

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