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American Express Rewards Purchases Credit Card review
Spread the cost of an upcoming expenditure and earn Membership Reward points while you spend.
Anticipating a hefty expenditure? This card will charge you 0% interest on purchases for 18 months, after which point any outstanding balance will revert to the card’s standard rate.
Finder rating: ★★★★★
Doing its job: 3.5/5
In a nutshell:
0% interest on purchases
Earn 1 point
per £1 spent
|Rep. APR||22.9% p.a. (variable)|
|Incentive||Earn 1 Membership Rewards® point for every £1 spent.|
|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||0% for 18 months reverting to 22.9%|
|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.
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?
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
It’s fast and straightforward to apply through the Amex site with its secure application form, which takes about 15 minutes to complete.
We’ve found that Amex’s customer service (0800 917 8047) is actually significantly better than most card issuers’. What’s more, the brand is really pushing to increase its customer base in the UK right now. But if this is your first experience with Amex, it’s worth appreciating that it does do some things a little differently, and if you’re having any difficulties then calling in for assistance will usually solve the problem.