| Clear from American Express® Issued by American Express | ||||||||||
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| Review | ||||||||||
| Clear from American Express® is designed for those with good credit who are looking for a card with absolutely no fees and an uncomplicated reward program. Through the reward program, cardholders earn a cash rebate of 1% on all eligible purchases. The rebates are automatically issued in the form of an American Express® branded shopping card worth $25 each time the cardholder reaches $2,500 in spending. Shopping cards expire one year after they are issued. The truly unique feature of this card is that it has no fees. There are no annual fees, no late fees, no over the limit fees, no balance transfer fees, and no cash advance fees. However, fee-free credit does not mean cardholders can forsake their payment responsibilities. If minimum payments are not paid within the grace period for two times during any portion of a twelve-month billing period, the default APR of 21.99% + Prime Rate will be applied to all balances for a minimum of twelve billing periods. The card also provides benefits and services commonly found with American Express® credit cards, such as auto rental insurance, a purchase protection, and up to $100,000 in travel accident insurance. It also provides a free year-end credit report including the cardholder's credit score. The APR for purchases and balance transfers is reasonably low for a reward card (for those who qualify). In addition, the card offers a 0% introductory APR for up to twelve months on purchases and a low 5.99% introductory APR on balance transfers for the life of the loan if the balance transfers are submitted during the application process. Therefore, those who plan to take advantage of the reward program, the fee-free transactions, and the various services provided will benefit most from what the Clear from American Express® has to offer. | ||||||||||
Review Date: 6/19/2008 | ||||||||||
| Most Attractive Feature(s): No annual fee; no late fees; no over the limit fees; no balance transfer fees; introductory rates; cash back rewards. | ||||||||||
| Least Attractive Feature(s): Cash back rewards are earned for purchases only. | ||||||||||
| Additional Perks | ||||||||||
| Various Internet account related services. Free year-end credit report including credit score. Year-end financial statement. Identity theft assistance. No liability for unauthorized transactions. Built-in ExpressPay feature that lets cardholders make purchases without having to swipe their card. Purchase Protection. Return protection. Extended Warranty. Emergency card replacement. Auto rental insurance. Access to Global Assist® hotline. Medical referral services. Legal referral services. Roadside assistance. Up to $100,000 in travel accident insurance. See website for additional benefits. | ||||||||||
| Important Notations | ||||||||||
| Card is currently unavailable to residents of Puerto Rico. The APR for purchases varies according to the applicant's credit history and may range from 10.99% to 14.99%. Although there are no late fees or over the limit fees, if minimum payments are not paid within the grace period for two times during any portion of a twelve-month billing period, the default APR of 21.99% + Prime Rate will be applied to all balances for a minimum of twelve billing periods. See website for complete terms and conditions of card usage and application disclosure. | ||||||||||
| Note: The review on this card was updated on 6/19/2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application. Credit card review information is provided by CardOffers.com, Inc. | ||||||||||
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