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.
American Express Rewards Low Rate Credit Card review
Earn loyalty points while you spend with the American Express Rewards Low Rate Credit Card.
Here’s everything you need to know about this straightforward rewards card – from loyalty earn rates through to eligibility, APR and fees. And if you’re still not sure if it’s the right card for you, you can compare similar cards from Amex and other providers.
Finder rating: ★★★★★
Doing its job: 4/5
In a nutshell:
Up to 2,500 points
Earn 1 point
per £1 spent
|Rep. APR||9.9% p.a. (variable)|
|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 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 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 a large upcoming expenditure, there are better deals out there. 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.
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 Low Rate Credit Card
If you’ve compared cards and decided that the American Express Rewards Low Rate Credit Card is the card for you, it’s straightforward to apply online, and it typically takes around 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you’ll need to make the process as hassle-free 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.