American Express
Classic · PAYBACK
American Express PAYBACK Credit Card
American Express
Earn extra PAYBACK points on partner brands
Annual Fee
₹495
Joining Fee
₹495
Reward Rate
0.3%
Forex Markup
3.5%
Value Analysis
Annual Net Value
₹2,416
Total Annual Benefits
₹3,000
Total Annual Charges
₹584
ROI
514%
Fee Waiver Available
Annual fee waived on spending ₹30,000 in the preceding year — ₹30,000 annual spend
Card Analytics
Visual breakdown of value, benefits, and limits
Value Breakdown
Benefits Distribution
Transaction Limits
Card Scorecard
Charges Breakdown
Benefits & Perks
Reward Points (2)
3X PAYBACK Points at Partner Brands
Earn 3X PAYBACK points when shopping at PAYBACK partner brands including Big Bazaar, HP, ICICI, and more
- • At listed PAYBACK partner brands only
3X PAYBACK points
1X PAYBACK Points on Other Spends
Earn 1 PAYBACK point per ₹100 on all other retail purchases
- • Excludes cash advances and quasi-cash
1 PAYBACK pt per ₹100
Fuel Benefits (1)
Fuel Surcharge Waiver
1% fuel surcharge waiver on fuel transactions
- • Valid on transactions ₹500–₹5,000
- • Max ₹200 per statement cycle
1% waiver
₹2,400/yr
Reward Program
Program
PAYBACK Rewards
3X at partner brands, 1 PAYBACK pt per ₹100 other
Effective cashback: 0.25%
Points expire: 3 years from date of accrual
Redemption Options
- → Redeem for products from PAYBACK catalogue
- → Gift cards and vouchers
- → Mobile recharge and bill payments
- → Transfer to airline partners
Bonus Categories
PAYBACK Partners
3x multiplier
3X PAYBACK points at partner brands
Others
1x multiplier
1 PAYBACK point per ₹100 on other spends
Fees & Charges
| Charge | Amount |
|---|---|
| Joining Fee | ₹495 Excluding GST |
| Annual Fee | ₹495 Excluding GST |
| Add-on Card Fee | Free Free |
Transaction Charges
- Forex Markup
- 3.5%
- Interest Rate (Monthly)
- 3.5%
- Late Payment Fee
- ₹1,000
- Cash Advance Fee
- 3.5%
ATM Charges
- Own Bank Withdrawal
- ₹250
- Other Bank Withdrawal
- ₹250
- Intl. Withdrawal Fee
- 3.5% + ₹250
Fuel Surcharge Waiver
1% waiver on transactions between ₹500 – ₹5,000. Max waiver: ₹200/cycle.
Eligibility
Requirements
- Min. Monthly Income
- ₹20,000
- Min. Annual Income
- ₹2,50,000
- Min. Credit Score
- 650
- Age Range
- 21 – 65 years
- Employment
- Salaried, Self-Employed
Notes
- • Salaried: Gross Monthly Income > ₹20,000
- • Self-Employed: ITR > ₹2.5 Lakh p.a.
- • Subject to credit assessment and internal policies
Transaction Limits
ATM Withdrawal / Day
₹25,000
POS & E-Commerce / Day
₹1,50,000
Contactless / Txn
₹2,000
Features
Contactless payments EMV chip security Domestic usage Add-on cards available EMI conversion facility PAYBACK partner network integration Low annual fee Amex mobile app and online management
EMI Options
Min. Transaction
₹2,500
Interest / Month
1.5%
Tenure Options
3, 6, 9, 12 months
Processing Fee
1%
Ready to Apply?
The American Express PAYBACK Credit Card is an entry-level card that earns 3X PAYBACK points at partner brands and 1X on all other spends. With a low ...
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