Approval for any credit card will depend on your status. The representative APRs shown represent 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.
Finder Award
American Express Rewards Low Rate Credit Card review
This card is no longer available, but you can use this page to compare alternatives.
As of October 2019, this card has been discontinued and is no longer available. However, this information has been kept for historical purposes. You can use this page to find a good alternative.
You say: ★★★★★We say: ★★★★★
Representative example: When you spend £1,200 at a purchase rate of 9.9% (variable) p.a., your representative rate is 9.9% APR (variable).
9.9%
Representative APR
£0
Account fee
Up to 2,500 points
Intro bonus
Earn 1 point
per £1 spent
Details
| Issuer | American Express |
|---|---|
| Network | Amex |
| Representative APR | 9.9% APR (variable) |
| Annual/monthly fees | £0 |
| Loyalty scheme | Points |
| Incentive | Earn 2,500 bonus Membership Rewards points when you spend £1,000 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 | 9.9% |
| Purchases interest-free period (days) | 56 |
| Potential costs | ★★★★★ |
| Doing its job | ★★★★★ |
| Extras | ★★★★★ |
| Overall Finder rating | ★★★★★ |
Review by
Chris Lilly
chris.lilly@finder.comChris Lilly is a publisher at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more.
Expert review
With a low ongoing rate (albeit variable) rather than an attention-grabbing 0% introductory offer, you won’t have to set any reminders to switch with the American Express Rewards Low Rate Credit Card.
For those looking to spread the cost of an upcoming large upcoming expenditure, there are better deals out there (check out our comparison of 0% purchase deals). But if you simply want to earn rewards on your spending and expect that you’ll more often than not be able to clear your balance each month, this deal is worth a closer look.
With its low rate, a straightforward but flexible rewards scheme and no annual fee, this card could be a decent option for credit card newbies. Like all Amex cards, it comes with access to the American Express Experiences programme – offering exclusive entertainment offers, discounts and benefits galore for regular gig-goers.
How does this card compare with others that earn Amex reward points?
Table: sorted by representative APR, promoted deals first
How does this card compare with other low-rate deals?
Table: sorted by representative APR, promoted deals first
Repayment options
You can make manual repayments through American Express's app by logging in to your online banking or over the phone (0800 917 8047). Alternatively, you may wish to set up a direct debit.
A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£12) 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
If you’re ready to apply for the American Express Rewards Low Rate Credit Card, you can do so by clicking “Go to site” at the top of this page. Before you apply, confirm that you meet the eligibility requirements and have all the information and documents you’ll need to make the process as hassle-free as possible.
Frequently asked questions
What is considered a low interest rate for a credit card?
This will depend on what type of credit card you’re after and how you plan on it, but a rate below 10% would generally be considered low. You can compare other low rate credit cards here.
How do I earn reward points?
For every £1 you spend using your card, you’ll receive 1 reward point. With the American Express Rewards Low Rate Credit Card, you’ll also receive bonus reward points if you spend at least £1,000 in the first 3 months.
What is American Express Experiences
American Express Experiences is an exclusive program offered to Amex cardholders. You can get discounts and pre-sale tickets to sports, music and entertainment events, as well as entry into Amex competitions.
Is it possible to pay no interest on my credit card?
Yes, you can avoid paying interest altogether as long as you pay off your entire balance on time each month, or within the 56 day interest-free period.
Finder credit card ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
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. Learn more about our credit card rating methodology.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.
Ask an expert
2 Comments
June 10, 2019
What does the following mean:
Purchases 9.9%
Purchases interest-free period (days) 56
June 10, 2019
Hi Laura, thanks for getting in touch.
With almost all UK credit cards, if you pay-off your full balance on time each billing period, you won’t pay interest on your purchases. So if you made a purchase on the first day of the billing period, and then paid off your full outstanding balance when your bill came through, you would have benefitted from up to 56 interest-free days on that purchase.
If you don’t pay off your balance in full each month, then you’ll pay the card’s standard purchases rate.
Please note that cash advances (withdrawing cash from the card) and money/balance transfers don’t benefit from this perk, unfortunately.
We’ve written a handy guide to this feature here: https://www.finder.com/uk/what-does-up-to-55-days-interest-free-really-mean
Hope that helps!
Chris