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.

Finder rating: ★★★★★

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% p.a. (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
Updated November 15th, 2019
Name Product Max. intro bonus Default earn-rate Annual/monthly fees Rep. APR Incentive Representative example
5,000 points
1 point per £1 spent
£0
22.9% p.a. (variable)
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.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
10,000 points
1 point per £1 spent
Year 1 - £0, Year 2 onwards - £140 per annum
57.6% p.a. (variable)
Earn 1 point for virtually every £1 spent. 2 points per £1 spent directly with airlines or in a foreign currency or 3 points for every £1 spent through American Express Travel. Earn 10,000 bonus points when you spend £3,000 in your first 3 months. Spend £15,000 or more during the year and earn 10,000 bonus points each year the card is renewed. Earn 6,000 points per friend/family member that successfully applies for the card or 12,000 points if they spend £3,000 in their first 3 months. Two complimentary lounge visits per year, available at over 500 airport lounges worldwide.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with an annual fee of £140 (£0 in first year), your representative APR is 57.6% APR (variable).
30,000 points
1 point per £1 spent
£575 per annum
N/A (this product is a charge card).
1 point earned for virtually every £1 spent. Additional 30,000 points earned when you spend £4K within first three months of Cardmembership. Earn 1 additional point for virtually every £1 spent at American Express Travel Online. Rewards points can be used as currency to buy flights and package holidays through Platinum Service. Reward points can also be redeemed for a wide range of products, experiences, travel and hotel stays. Cardmember can pay card fee (£575) using Membership Rewards® points at renewal. Earn 12,000 bonus points per friend/family that uses Referral Programme and successfully applies for a card and spends £4K within first 3 months of Cardmembership.
N/A
1 point per £1 spent
£60 per annum
N/A (this product is a charge card).
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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How does this card compare with other low-rate deals?

Table: sorted by representative APR, promoted deals first
Updated November 15th, 2019
Name Product Purchases Balance transfers Annual/monthly fees Rep. APR Incentive Representative example
9.9%
6.9%
£0
9.9% p.a. (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).
9.9%
6.9%
£0
9.9% p.a. (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).
6.9%
6.9%
£0
6.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 6.9% (variable) p.a., your representative rate is 6.9% APR (variable).
4.9% for 48 months reverting to 8.9%
4.9% for 48 months reverting to 8.9%
£0
8.9% p.a. (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).
9.95%
9.95%
£0
9.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 9.95% (variable) p.a., your representative rate is 9.9% APR (variable).

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 Low Rate Credit Card

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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2 Comments

  1. Default Gravatar
    Laura
    June 10, 2019

    What does the following mean:

    Purchases 9.9%
    Purchases interest-free period (days) 56

    • AvatarStaff
      Chris
      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

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