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American Express Rewards Credit Card review September 2019
A simple rewards credit card with no annual fee that could suit occasional use.
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.
Finder rating: ★★★★★
Doing its job: 4.5/5
In a nutshell:
Up to 5,000 points
Earn 1 point
per £1 spent
|Rep. APR||22.9% p.a. (variable)|
|Incentive||Earn 5,000 bonus Membership Rewards points when you spend £2,000 in your first 3 months, and 1 point for virtually every £1 spent thereafter.|
|Additional Rewards Info||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.|
|Purchases interest-free period (days)||56|
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.
With no annual fee, you’re free to use this 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.
As a major player in the rewards card game, Amex offers a range of cards to suit different needs. If you’re about to splurge on a major purchase, then the Rewards Purchases Card might be a better bet – allowing you to spread the cost. Similarly, the Rewards Low Rate Card offers an ongoing low rate on purchases, for those who might not always be able to pay-off their card bill in full.
How does this card compare with others that earn Amex reward points?
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
If you’re keen to start earning rewards with this Amex card, simply click on a green “go to site” button to be taken to the Amex site to complete the secure application form (which takes about 15 minutes). Before you apply, check that you meet the eligibility requirements and have the information you’ll need to hand to make the process as straightforward as possible.
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Our team evaluates credit cards to determine their value against similar products on the market.
We look at the how good the card is for its designated purpose – spending abroad, clearing debt, earning air miles etc. – how costly it is to use day-to-day and whether it offers much in the way of extras.