"Comparisons and secure applications
of the best credit card offers online."
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"Comparisons and secure applications of the best credit card offers online." |
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Additional Details, Terms and Conditions | |
| Category | Reward - Travel |
|---|---|
| Status | Standard |
| Introductory Percentage Rate | 0.00 |
| Introductory Time Period | 12.00 |
| Intro Applies To | Purchases |
| Intro Details | A 12 month 2.99% introductory rate is available on balance transfers submitted during the application process and/or within the first 30 days of Cardmembership. |
| APR for Purchases | 12.490 |
| Purchase Rate Type | Variable |
| Minimum APR on Purchases | No |
| APR for Cash Advances | 22.990 |
| Cash Advance Rate Type | Variable |
| Minimum APR on Cash Advances | No |
| Finance Charge Calculation | Average Daily Balance (including new purchases) |
| Annual Fee | $0 |
| Additional Annual Fees | $0 |
| Annual Fee Detail | None |
| Grace Period | 20 Days |
| Late Payment Fee | n/a |
| Over Limit Fee | $35 |
| Cash Advance Fee | n/a |
| Balance Transfer Fee | 3%, $5 minimum, $99 maximum. However, future balance transfers may incur a fee as disclosed at the time of the applicable transaction. |
| Minimum Balance Transfer | n/a |
| Maximum Balance Transfer | n/a |
| Type of Reward | Point |
| Optional Reward | No |
| Points Earned Per Dollar Spent | 1 Point |
| Additional Points | None |
| Point Details | Points can be redeemed for cash savings up to the full cost of travel purchases including any flight, hotel, rental car, or cruise, without blackout dates or travel restrictions. |
| Expiration | Points do not expire provided the card remains active and in good standing. |
| Yearly Limit | None |
| Bonus Approval | None |
| Bonus First Purchase | None |
| Bonus Balance Transfers | None |
| Bonus Annual | None |
| Bonus Other | None |
| Bonus Details | None |
| Additional Perks | Various Internet account related services. Purchase Protection. Year-end financial statement (online). Return protection. Extended Warranty. Auto rental insurance. Various travel and emergency assistance services. Emergency card replacement. Up to $100,000 in travel accident insurance. See website for additional benefits. |
| Notations | The APR for purchases varies according to the applicant's credit history and may range from 12.49% to 18.49%. Card is currently unavailable to residents of Puerto Rico. See website for complete terms and conditions of card usage and application disclosure. |
| Features / Benefits: | 0% Intro APR for Up to 12 Months on Purchases |
| 1 | Low Balance Transfer Rate - 2.99% for 12 Months |
| 2 | Earn 1 Point for Every Dollar You Spend |
| 3 | Points Good on Any Airline, Hotel, Car Rental, and More |
| 4 | No Blackout Dates or Travel Restrictions |
| 5 | Express Approval. Get a Decision in Less Than 60 Seconds. |
| Rating | 4.50 |
| Benefit Rating | 4.00 |
| Best Feature | No annual fee; low introductory rates; free rewards program with no blackout dates or travel restrictions. |
| Worst Feature | Low APR may not be available to all applicants. |
| Review | The Blue Sky from American Express® is designed for those with very good credit and who plan to take advantage of the reward program. Through the reward program, cardholders receive one point for every dollar spent on all purchases. An unlimited amount of miles can be earned, and miles do not expire as long as the card is active and in good standing. Points can be redeemed for discounts on any flight, hotel, rental car, or cruise, without blackout dates or travel restrictions. Points can only be redeemed toward one purchase at a time in 7,500 increments, which is equal to a credit of up to $100. In addition to the benefits of the rewards program, the Blue Sky from American Express® offers auto rental insurance, an online year-end financial statement, and a unique service referred to as "Return Protection" (cardholders are credited up to $300 for purchases that are non-refundable within 90 days). The card has a reasonably low interest rate for purchases and has no annual fee. For up to twelve months, cardholders can take advantage of a 0% rate for purchases and a low 2.99% introductory rate for balance transfers that also spans 12 months. It is important to note that the introductory rate for balance transfers applies to those who initiate a transfer when applying online for the card, or when a transfer is made within the first 30 days of cardmembership. Therefore, those who plan to take advantage of the reward program, pay in full each month after the introductory rate expires (to avoid finance charges), and will take advantage of the common benefits and services provided by American Express® will benefit most from what the Blue Sky from American Express® has to offer. |
| Date of Data Update | 2008-11-11 00:00:00 |
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