SCHEDULE OF FEES AND CHARGES
•
Duplicate Statement Fee - INR 100 per statement for statements older than 3 months
•
Cheque/ECS/NACH Return Fee - INR 150 per returned instrument for Corporate Cards and INR 250 per returned instrument for Consumer Cards
•
Record of Charge/Summary of Charge Retrieval Fee - INR 100 per Retrieval
•
Over Limit Charge on Credit Card - ₹500. As a service gesture, Bank may approve certain transactions attempted by the Cardmember which are over and above the credit limit. An overlimit Charge will be levied on such transactions.
•
Surcharge on Purchase of Railway Ticket - 1.8% per transaction subject to a minimum of INR 10 if booked through internet (IRCTC)
•
Surcharge on Fuel Purchase - 0% for HPCL transaction less than INR 5,000,1% fee per transaction is applicable for all HPCL transactions on and above INR 5,000, 1% of the transaction value subject to a minimum of INR 10 + applicable taxes, will be charged as
convenience fee at fuel stations operated by the Public Sector Oil Marketing Companies BPCL and IOCL, 2.5% of the transaction value subject to a minimum of INR 10 + applicable taxes, will be charged as convenience fee at fuel stations of all other Oil Marketing
Companies (except HPCL, BPCL and IOCL).
•
Foreign Currency Transactions - Currency Conversion Factor Assessment - 3.50%
•
Convenience Fee on payments to Government Receipt Accounting System (GRAS) - For all payments to GRAS through SBI ePay, the below mentioned Convenience Fee shall be applicable:
•
American Express will charge:
•
INR 1 - INR 90,00,000: 0.94%
•
INR 90,00,001 or above: 0.99%
•
SBI ePay will charge:
•
INR 1 - INR 90,00,000: 1%
•
INR 90,00,001 or above: 0.87% (inclusive of taxes)
•
Please note that American Express and State Bank of India will not be responsible for any dispute(s) on payments made to GRAS through SBI ePay. The Company and/or the Cardmember shall raise and settle all such disputes/issues/concerns directly
with GRAS.
in compliance to Master Circular on Credit Card Operations of Banks issued by Reserve Bank of India
Credit Cards
Description of
Charges
American
Express
®
Platinum Travel
Credit Card
American
Express
®
Platinum
Reserve
SM
Credit Card Option 1
American
Express
®
Platinum
Reserve
SM
Credit Card Option 2
American
Express
®
PAYBACK Credit
Card
American
Express
®
Gold Credit Card
American Express
Membership
Rewards
®
Credit
Card
American Express
SmartEarn
TM
Credit Card
Annual Fees
₹
3,500
(1
st
Year);
₹5,000
(2
nd
Year
Onwards)
₹50,000 (Lifetime
Foundation Fee)
₹10,000 (Annual
Maintenance Fee)
₹
10,000 (1
st
Year)
₹10,000
(2
nd
Year
Onwards)
₹
750
(1
st
year)
₹1,500
(2
nd
year
Onwards)
₹
2,000
(1
st
Year)
₹2,000
(2
nd
Year
Onwards)
₹
1,000
(1
st
Year)
₹4,500
(2
nd
Year
Onwards)
₹
495
(1
st
year)
₹495
(2
nd
year
onwards)
Add on Card fee
Up to 2
Supplementary
Cards at no extra
cost; ₹1,500 for
each Supplementary
Card thereon
Up to 4
Supplementary
Cards at no extra
cost; ₹1,500 for
each Supplementary
Card thereon
Up to 4
Supplementary
Cards at no extra
cost; ₹1,500 for
each Supplementary
Card thereon
Up to 1 Supplementary Card
at no extra
cost; ₹750 for each
Supplementary Card thereon
Up to 1 Supplementary Card
at no extra
cost; ₹1,000 for
each Supplementary Card
thereon
Up to 2
Supplementary
Cards
at no extra
cost; ₹1,500 for
each Supplementary
Card thereon
Up to 1
Supplementary
Cards at no extra
cost; ₹250 for
each Supplementary
Card thereon
Interest Rates
(p.m.)
3.50%
3.50%
3.50%
3.50%
3.50%
3.50%
3.50%
Interest Rate
in case of Default
(p.m.)
3.99%
3.99%
3.99%
3.99%
3.99%
3.99%
3.99%
Delinquency (Late
fee payment)
charges+
30% of Minimum
Amount Due subject
to minimum of ₹500
and maximum of
₹1,000
30% of Minimum
Amount Due subject
to minimum of ₹500
and maximum of
₹1,000
30% of Minimum
Amount Due subject
to minimum of ₹500
and maximum of
₹1,000
30% of Minimum Amount
Due subject
to minimum of
₹500
and maximum of
₹1,000
30% of Minimum Amount
Due subject
to minimum of
₹500
and maximum of
₹1,000
30% of Minimum
Amount Due subject
to minimum of ₹500
and maximum of
₹1,000
30% of Minimum
Amount Due subject
to minimum of ₹500
and maximum of
₹1,000
Cash Advance
fee
Transaction Fee of
3.5% of the cash
advance amount,
subject to a minimum of
₹250 is levied every
time a card member
withdraws cash on his
Card.
Transaction Fee of
3.5% of the cash
advance amount,
subject to a minimum of
₹250 is levied every
time a card member
withdraws cash on his
Card.
Transaction Fee of 3.5%
of the cash advance
amount,
subject to a
minimum of ₹250 is levied
every
time a card
member
withdraws cash
on his
Card.
Transaction Fee of 3.5% of
the cash advance amount,
subject to a minimum of ₹250 is
levied every
time a card
member
withdraws cash on his
Card.
Transaction Fee of 3.5% of the
cash advance amount,
subject
to a minimum of ₹250 is levied
every
time a card member
withdraws cash on his
Card.
Transaction Fee of
3.5% of the cash
advance amount,
subject to a minimum of
₹250 is levied every
time a card member
withdraws cash on his
Card.
Transaction Fee of
3.5% of the cash
advance amount,
subject to a minimum of
₹250 is levied every
time a card member
withdraws cash on his
Card.
Membership
Reward tier
FTO bundled with
USD 333 every 14 days
or 20% of credit limit,
whichever is lower
USD 333 every 14 days
or 20% of credit limit,
whichever is lower
USD 333 every 14 days
or 20% of credit limit,
whichever is lower
USD 333 every 14 days
or 20% of credit limit,
whichever is lower
USD 333 every 14 days
or 20% of credit limit,
whichever is lower
USD 333 every 14 days
or 20% of credit limit,
whichever is lower
USD 333 every 14 days
or 20% of credit limit,
whichever is lower
the product
FTO bundled with the
product
FTO bundled with the
product
PBCO bundled
with the product
FTO bundled with the
product
FTO bundled with the
product
Cash
Withdrawal Limit^^
Charge Cards
Description of charges
American
Express
®
Platinum Card
American
Express
®
Gold Card
American
Express
®
Green Card
Annual Fees
₹60,000 (1
st
Year)
₹60,000 (2
nd
Year Onwards)
₹1,000 (1
st
Year)
₹4,500 (2
nd
Year Onwards)
₹2,100 (1
st
Year)
₹2,100 (2
nd
Year Onwards)
Add on Card fee
Up to four Supplementary Cards at no extra cost
₹10,000 for each Supplementary Card thereon
Up to two Supplementary Cards at no extra cost
and ₹1,500 for each Supplementary Card thereon
No free Supplementary Card and ₹950 for
each Supplementary Card
Interest Rates (p.m.)
N/A
N/A
N/A
Interest Rate in case of Default (p.m.)
N/A
N/A
N/A
Delinquency (Late fee payment) charges+
5% on the outstanding balance subject to a
minimum of ₹300
5% on the outstanding balance subject to a
minimum of ₹300
5% on the outstanding balance subject to
a minimum of ₹300
Cash Advance fee
Transaction Fee of 3.5% of the cash advance
amount, subject to a minimum of
₹250 is levied every
time a Card member
withdraws cash on his Card.
Transaction Fee of 3.5% of the cash advance amount,
subject to a m inimum of
₹250 is levied every time a Card
member
withdraws cash on his Card.
Transaction Fee of 3.5% of the cash advance
amount, subject to a minimum of
₹250 is levied
every time a Card member
withdraws cash on his
Card.
Cash Withdrawal Limit^^
Cash withdrawal Overseas - US$750
every 14 days
Cash withdrawal Overseas - US$129 every 14 days Cash withdrawal Overseas - US$103 every
14 days
Corporate Cards*
Description of charges
American
Express
®
American
Express
®
Gold
Corporate Card
American
Express
®
Platinum
Corporate Card
Joining fee
Nil
Nil
Nil
Annual Fees
INR 2,100*
INR 3,100*
INR 40,000*
Add on Card fee
N/A
N/A
N/A
Interest Rates (p.m.)
N/A
N/A
N/A
Interest Rate in case of Default (p.m.)
N/A
N/A
N/A
Delinquency (Late fee payment) charges+
3.5% of the outstanding balance subject to a
minimum of INR 100
3.5% of the outstanding balance subject to a
minimum of INR 100
3.5% of the outstanding balance subject to a
minimum of INR 100
Cash Withdrawal fee
3.5% of cash withdrawal amount 3.5% of cash withdrawal amount 3.5% of cash withdrawal amount
Membership
Reward
®
fee
bundled with the product
* The annual fee may vary from company to company and is communicated to the Corporate at the time of signing up for the Corporate Card Programme.
Other Service charges
Please Note: GST or any other taxes as applicable: Any Charges mentioned anywhere in this MITC are exclusive of the GST or any other taxes as applicable which is billed along with the fee that appears on the billing statement and is levied as per the applicable GST or any other
taxes as applicable.
TM operators may charge an additional fee when the Card is used. This fee is determined, charged and retained by the ATM operator
+
Delinquency Fee is levied if American Express does not receive full payment of the Amount Due (as shown on the monthly statement) by the due date.
^^The Cardmember will be able to use the Card to access cash from select ATM (Automated Teller Machine) overseas.
Please be aware that Cash withdrawal services on your American Express Card have been temporarily suspended in India.
Nil
Nil
The Schedule of Fee and Charges updated as on 1 May 2024 and circulated by American Express Banking Corp.
