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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 | Charge |
|---|---|
| Status | Standard |
| Intro Applies To | None |
| Annual Fee | $95** |
| Additional Annual Fees | $30** |
| Annual Fee Detail | **The annual fee will be waived the first year for the basic card and for up to 5 additional cards. |
| Late Payment Fee | $0 to the greater of $35 or 2.99% |
| Cash Advance Fee | 3%, $5 minimum for Express Cash transactions |
| Minimum Balance Transfer | See Important Notations |
| Maximum Balance Transfer | See Important Notations |
| Type of Reward | Point |
| Optional Reward | No |
| Points Earned Per Dollar Spent | 1 Point |
| Additional Points | None |
| Point Details | Points can be redeemed for travel certificates from 16 domestic and international airline partners. Points can also be transferred into 11 different frequent flyer programs (1 point equals 1 frequent flyer mile or frequent guest credit for most programs). |
| Expiration | None |
| Yearly Limit | None |
| Bonus Approval | None |
| Bonus First Purchase | 5,000 Points |
| Bonus Balance Transfers | None |
| Bonus Annual | None |
| Bonus Other | None |
| Bonus Details | Cardholders receive 5,000 bonus points after their first purchase, which is equivalent to a $50 gift card at participating merchants and retailers. |
| Additional Perks | Various Internet account related services. Year-end financial statement. Fraud protection. Extended warranty for purchases. Purchase Protection. Medical referral services. Legal referral services. Roadside assistance. Emergency cash replacement. Lost luggage insurance. Guaranteed hotel reservations. Auto rental insurance. Up to $100,000 in travel accident insurance. Emergency card replacement. Various travel and emergency assistance services. See website for additional benefits. |
| Notations | This card is a charge card and the bill is paid in full each month. The card has no pre-set spending limit; however, purchases are approved based on credit record, account history, and personal resources. See website for complete terms and conditions of card usage and application disclosure. |
| Features / Benefits: | Earn 5,000 Membership Rewards® Bonus Points When You Spend $500 in 3 Months - Redeemable for a $50 Gift |
| 1 | No Pre-Set Spending Limit* |
| 2 | No Annual Fee for the First Year - $95 Thereafter |
| 3 | Complimentary Enrollment in our Award Winning Membership Rewards® Program. |
| 4 | Earn 1 Membership Rewards® Point for Virtually Every Dollar You Spend and Double Points at Supermarkets, Gas Stations, Drugstores, and More! |
| 5 | Transfer Points to 17 Frequent Flyer Programs |
| 6 | Express Approval. Get a Decision in Less than 60 Seconds |
| Rating | 4.50 |
| Benefit Rating | 4.00 |
| Best Feature | Access to rewards program for no additional fee; special discounts at participating merchants; first year fee free. |
| Worst Feature | High annual fee for primary and additional cardholders. |
| Review | The Preferred Rewards Green Card is an ideal card for those who can afford to pay in full each month to avoid accumulating credit card debt, as often can be the case with revolving balances and high interest rates. Cardholders have access to the Membership Rewards program for no additional fee. Through the rewards program, cardholders earn one point per dollar spent on all purchases. Plus, cardholders will receive 5,000 bonus points after their first purchase, which is redeemable for a $50 gift card. Points can be transferred to eleven frequent flyer programs at a rate of one point per mile, and points can also be redeemed for many other rewards. There is no limit to the amount of points that can be earned, and points never expire. Although there is a high annual fee of $95 for the basic card and a fee of $30 for additional cards, this fee will be waived the first year for the basic card and for up to five additional cards. This card does provide many additional services and benefits including up to $100,000 in travel accident insurance, auto rental insurance, purchase protection, various merchant discounts, and more. Cardholders will also have access to the Global Assist® Plus Hotline, which provides them with various services when they are traveling more than 100 miles away from where they live. Therefore, those who can afford to pay in full each month, would like to participate in the rewards program, and plan to take advantage of the many benefits and services provided by American Express® will benefit most from what the Preferred Rewards Green Card has to offer. |
| Date of Data Update | 2008-08-08 00:00:00 |
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