American Express Rewards Purchases 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 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).

18 months

0% interest on purchases

22.9%

Representative APR

£0

Account fee

Earn 1 point

per £1 spent

Details

IssuerAmerican Express
NetworkAmex
Rep. APR22.9% p.a. (variable)
Annual/monthly fees£0
Loyalty schemePoints
IncentiveEarn 1 Membership Rewards® point for every £1 spent.
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.
Purchases0% for 18 months reverting to 22.9%
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

Amex isn’t usually associated with 0% deals, but this card is a rare exception. It’s not dissimilar to other cards in the Amex range, but instead of a welcome bonus of a few thousand Membership Rewards Points, you’ll get an introductory break from interest on purchases. This might appeal if, say, you’re looking to buy a new-used car (or any other big outlay) on a credit card and need to spread the cost over several months. Just remember that when the 18 months are up, the card’s less-appealing standard rate will kick in.

If you decide to hang onto the card after the 0% offer has expired, provided you clear your balance in full each month, you’ll be able to take advantage of the card’s ongoing interest-free grace period on purchases – meaning it doesn’t have to cost you a penny (but you’ll still earn points on all your spending). If you do end up carrying a balance from month to month at that point, however, what you’ll pay in interest will almost certainly outweigh what you’ll earn in rewards.

As with all Amex cards, you’ll be able to enjoy exclusive discounts and pre-sale gig tickets through the American Express Experiences (formerly Invites) programme – an excellent way to gain brownie points with family and friends.

How does this card compare with others that earn Amex reward points?

Table: sorted by representative APR, promoted deals first
Updated November 12th, 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.

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 Purchases Credit Card

You can apply through the Amex site, or by clicking “Go to site” at the top of this page. You’ll need to complete an online application form, which should take less than 15 minutes.

Before applying, make sure you meet the American Express eligibility criteria. You’ll also need to provide personal and financial details as part of your application.

Frequently asked questions

How does 0% interest work?
With the American Express Rewards Purchases credit card, you won’t pay any interest on purchases for the first 18 months, even if you don’t pay off your entire balance each month. After 18 months, you will be charged interest on any outstanding balance each month.
Can I still earn reward points if I’m not paying interest?
Yes, you will still earn 1 reward point for every £1 you spend using the card, even during the 18 month interest-free period.
What happens if I don’t pay off my balance each month?
Most credit cards will have a minimum monthly payment that you will have to make, which can be either a flat figure or a percentage of your balance. If you fail to make this minimum payment, you will be charged a late fee. With this card, you get an 18 month interest-free period on purchases. After this, you’ll also need to pay interest on any balance that is left each month.
How do I know my credit limit?
Your credit limit will be determined by American Express when you apply, and will depend on factors like your credit rating and financial history.

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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.

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