American Express Rewards Low Rate Credit Card review

Last updated:  

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

IssuerAmerican Express
NetworkAmex
Rep. APR9.9% (variable)
Annual/monthly fees£0
Loyalty schemePoints
IncentiveEarn 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 InfoRefund 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.
Purchases9.9%
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 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
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
20,000 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 20,000 Membership Rewards® points when you spend £3,000 in your first three 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. If you're an existing Cardmember, invite your friends to join American Express and you'll get 5,000 points if they are approved.
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How does this card compare with other low-rate deals?

Table: sorted by representative APR, promoted deals first
Data indicated here is updated daily
Name Product Purchases Balance transfers Annual/monthly fees Rep. APR Incentive Link
TSB Advance Credit Card Mastercard
0% for 3 months reverting to 7.95%
0% for 3 months
(0% fee)
£0
7.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 7.95% (variable) p.a., your representative rate is 7.9% APR (variable).
More Info
The Co-operative Bank 3 Year Fixed Rate Visa
8.9%
8.9%
(0% fee)
£0
8.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 8.9% (variable) p.a., your representative rate is 8.9% APR (variable).
More Info
MBNA Long Term Low Interest Credit Card
4.9% for 48 months reverting to 8.9%
4.9% for 48 months
(0.5% fee)
£0
8.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 8.9% (variable) p.a., your representative rate is 8.9% APR (variable).
More Info
Ulster Bank Credit Card Mastercard
9.9%
6.9%
(0% fee)
£0
9.9% (variable)
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).
More Info
The Royal Bank Credit Card
9.9%
6.9%
(0% fee)
£0
9.9% (variable)
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).
More Info
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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

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.

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