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American Express »
Credit Card Reviews » Preferred Rewards Green Card |
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The American Express Preferred Rewards Green Card is an ideal card for those who can afford to pay in full each month to avoid accumulating credit card debit, 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. 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 services, 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 the American Express Preferred Rewards Green Card has to offers.
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n/a Intro APR (* see notes for details)
n/a Regular Fixed APR for Purchases
n/a Regular Fixed APR for Cash Advances |
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see terms Grace Period |
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| Finance Configuration: n/a |
| Additional Cardholders: $30** |
| Late Payment Fee: Varies from state to state, from zero to the greater of $35 or 2.99% of delinquent balance. |
| Over-The-Limit Fee: n/a |
| Cash Advance Fee: n/a |
| Balance Transfer Fee: n/a |
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| Minimum Credit Limit: n/a |
| Maximum Credit Limit: n/a |
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| Type of Reward: Point |
| Points per Dollar: 1.00 |
| Additional Points: Redeem points for rewards from 21 airlines, hundreds of hotels worldwide, vacation packages, over 50 cruise itineraries, and spa retreats.The Membership Rewards program also lets your transfer points to 11 frequent flyer programs: 1 point = 1 frequent fly |
| Bonus Points First Purchase: 5,000 Points |
| Bonus Points Other: n/a |
| Expiration: None |
| Yearly Limit: None |
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| Additional Features for Preferred Rewards Green Card: |
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. |
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| Important Notes for Preferred Rewards Green Card: |
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. |
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| Notes: The review on Preferred Rewards Green Card was updated on March 07, 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. |
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