Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
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 features and benefits of getting an American Express Payback Credit Card are many. Here are some of the special offers:
The eligibility criteria for American Express Payback Credit Card are:
To apply for a Payback Credit Card from American Express, you need to produce the following documents:
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.
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.
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.
Payback points are valid for a period of 3 years from the time they are credited to your account.
In case your card is lost or stolen, call the customer service team to get the card blocked.
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