American Express Rewards Credit Card review September 2020

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A simple rewards credit card with no annual fee and an appealing welcome bonus.

The American Express Rewards Credit Card has a simple rewards plan so you can redeem your points in a large range of high street and online stores.

You say: ★★★★★We say: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a., your representative rate is 22.2% APR (variable).

22.2%

Representative APR

£0

Account fee

Up to 5,000 points

Intro bonus

Earn 1 point

per £1 spent

Details

IssuerAmerican Express
NetworkAmex
Rep. APR22.2% (variable)
Annual/monthly fees£0
Loyalty schemePoints
IncentiveAs a new Cardmember, earn 5,000 Membership Rewards® points when you spend £2,000 in your first 3 months of Cardmembership.
Additional Rewards InfoComplimentary one year premium membership to the sleep and meditation app Calm worth £28.99, until 31.10.20. Refund Protection (90 days to return, receive max £200 per item, max £750 per annum). Global Assist - 24/7 help available when travelling outside the UK. Access to tickets for must-see music, theatre and film events, often before they go on sale to the general public with American Express Experiences. Eligible for American Express Connect where cardmembers can choose offers from selected retailers to obtain discounts or cashback.
Purchases22.2%
Purchases interest-free period (days)56

Expert review

Chris Lilly

Review by


Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.

Expert review

With no annual fee, you’re free to use the Amex Rewards card as little or as much as you wish. As you’d expect, the more you use it, the better the rewards. You’ll earn Membership Rewards points on all your purchases, plus a tasty welcome bonus that’s subject to a minimum spend (which – by Amex standards at least – is easily-attainable).

As with any rewards card, if you carry a balance from month to month, what you’ll pay in interest will almost certainly outweigh what you’ll earn in rewards. Clear your balance in full each month, however, and you’ll take advantage of the card’s interest-free grace period on purchases – meaning it doesn’t have to cost you a penny.

The perks aren’t limited to just points with this deal – you’ll also benefit from travel accident insurance (subject to enrolment) plus automatic access to the American Express Invites programme, with entertainment offers like pre-sale gig tickets, access to the private American Express Lounge at The O2 and 2-for-1 drinks at The National Theatre.

As a major player in the rewards card game, Amex offers a range of cards to suit different needs. If you’re a frequent traveller and you’d expect to spend enough on the card to justify an annual fee, then the Preferred Rewards Gold Card would potentially offer greater returns. Otherwise, the Amex Rewards card makes a very respectable first foray into the world of rewards cards.

Pros and cons

Pros

  • Customers report excellent customer service when dealing with American Express.
  • Earn points on day-to-day spending.
  • Up to 5,000 points intro bonus.
  • No annual fee.

Cons

  • Applicants with low credit scores are unlikely to be eligible.

How does this card compare with others that earn Amex reward points?

Table: sorted by representative APR, promoted deals first
Data indicated here is updated daily
Name Product Max. intro bonus Default earn-rate Annual/monthly fees Rep. APR Link Incentive Representative example
American Express Rewards Credit Card
5,000 points
1 point per £1 spent
£0
22.2% (variable)
Go to site
More Info
As a new Cardmember, earn 5,000 Membership Rewards® points when you spend £2,000 in your first 3 months of Cardmembership.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a., your representative rate is 22.2% APR (variable).
American Express Preferred Rewards Gold Credit Card
10,000 points
1 point per £1 spent
Year 1 - £0, Year 2 onwards - £140 per annum
56.6% (variable)
Go to site
More Info
New Cardmember offer: Earn 10,000 Membership Rewards® points when you spend £3,000 in your first 3 months of Cardmembership.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a. with an annual fee of £140 (£0 in first year), your representative APR is 56.6% APR (variable).
The Platinum Card
30,000 points
1 point per £1 spent
£575 per annum
N/A (this product is a charge card).
More Info
As a new Cardmember, earn 30,000 Membership Rewards® points when you spend £4,000 in your first 3 months of Cardmembership.
The American Express Green Card
N/A
1 point per £1 spent
£60 per annum
N/A (this product is a charge card).
Go to site
More Info
1 point earned for virtually every £1 spent. Rewards points can be used as currency to buy flights and package holidays through American Express Travel. Reward points can also be redeemed for a wide range of products, experiences, travel and hotel stays.
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Compare up to 4 providers

Approval for any credit card will depend on your status. The APR shown represents the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.

Repayment options

When it comes to repayments, you can make manual repayments online or over the phone (0800 917 8047), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee or losing any promotional rates as a result. You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:

Minimum amount Fixed amount Fixed percentage Full amount

How to apply for the American Express Rewards Credit Card

Simply go to the Amex website to start your application. You’ll need to provide certain personal details and financial information, but the application process should only take a couple of minutes.

Frequently asked questions

How many reward points can I earn?
There’s no limit on the amount of reward points you can earn, and you’ll receive 5,000 bonus points if you spend at least £2,000 using your card in the first 3 months. You’ll then get 1 point for every £1 you spend with your card.
What fees do I need to pay?
While you will not pay an annual or monthly fee on the American Express Rewards Credit Card, there are a couple of other fees you may have to pay. If you fail to make your balance payment on time, you will be charged a late fee, and will also pay fees for cash advance and foreign usage.
What is my minimum monthly payment?
While you are not required to pay off your entire balance each month, most credit cards have a minimum amount that you’ll need to pay. With the American Express Rewards Credit Card, you’ll need to pay either 2% of your outstanding balance or £25, whichever is higher.
How do I know if I’m eligible for a credit card?
You can use the American Express Eligibility Checker to confirm if you’ll be able to get an Amex credit card. You’ll need to be at least 18 years old and a UK resident to be considered. Find out how to increase your chances of getting approved for a credit card here.

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