Preferred Rewards Green Card

INTRO APR No Introductory Rate Available
APR No APR
ANNUAL FEE $95**
BENEFIT RATING
OVERALL RATING

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Terms and Conditions

Overview

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.

Most Attractive Feature
Access to rewards program for no additional fee; special discounts at participating merchants; first year fee free.

Least Attractive Feature
High annual fee for primary and additional cardholders.

Additional Benefits
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.

Rates & Fees

Card Category: Charge

Introductory Rate: No Introductory Rate Available

Applied Towards: None

Introductory Rate Details:

APR (Purchases): No APR

APR (Cash Advances): No APR

Finance Configuration:

Annual Fee: $95**

Additional Cardholders: $30**

Grace Period: Not applicable to this type of card.

Minimum Credit Limit: See Important Notations

Maximum Credit Limit: See Important Notations

Late Payment Fee: n/a

Over-The-Limit Fee:

Cash Advance Fee:

Balance Transfer Fee:

Important 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.

*To view the most current rates, please see the most recent: Terms and Conditions

Rewards

Points per Dollar:

Additional Points:

Applied Towards:

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