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Preferred Rewards Green Card

This credit card is issued by American Express.

This card received a rating of 4.50 out of 5.00


The Preferred Rewards Green Card is an ideal card for those who can afford to pay in full each month to avoid accumulating credit card debt, as often can be the case with revolving balances and high interest rates.

 

Introductory Rate: No Introductory Rate Available
Time Period: n/a
Rate Applied To: None
Additional Details: n/app
Regular APR: n/app
Variable or Fixed: n/app
Annual Fee: $95**
Annual Fee Details: **The annual fee will be waived the first year for the basic card and for up to 5 additional cards.
Application Fee: n/app
Participation Fee: n/app
Reload Fee: n/app
Inactive Fee: n/app
Total First Year Fees: n/app
Type Of Rewards: Point
Be sure to read the card's Terms and Conditions before applying!

Credit Card Review

The Preferred Rewards Green Card is an ideal card for those who can afford to pay in full each month to avoid accumulating credit card debt, as often can be the case with revolving balances and high interest rates.

Cardholders have access to the Membership Rewards program for no additional fee. Through the rewards program, cardholders earn one point per dollar spent on all purchases. Plus, cardholders will receive 5,000 bonus points after their first purchase, which is redeemable for a $50 gift card. Points can be transferred to eleven frequent flyer programs at a rate of one point per mile, and points can also be redeemed for many other rewards. There is no limit to the amount of points that can be earned, and points never expire.

Although there is a high annual fee of $95 for the basic card and a fee of $30 for additional cards, this fee will be waived the first year for the basic card and for up to five additional cards. This card does provide many additional services and benefits including up to $100,000 in travel accident insurance, auto rental insurance, purchase protection, various merchant discounts, and more.

Cardholders will also have access to the Global Assist® Plus Hotline, which provides them with various services when they are traveling more than 100 miles away from where they live.

Therefore, those who can afford to pay in full each month, would like to participate in the rewards program, and plan to take advantage of the many benefits and services provided by American Express® will benefit most from what the Preferred Rewards Green Card has to offer.

This review was updated 2008-11-04T00:00:00.0000000-07:00

Reward Program Information

Type Of Rewards: Point
Reward Program Optional: No
  Optional programs may have a fee. See Terms and Conditions for details.

For Cards with Cash Back Incentives
   Lowest Possible Rebate: n/app
   Highest Possible Rebate: n/app
   Additional Rebates: n/app
   Rebate Details: n/app

For Cards with Point Incentives
   Points Per Dollar Spent: 1 Point
   Additional Points: None
   Point Details: Points can be redeemed for travel certificates from 16 domestic and international airline partners. Points can also be transferred into 11 different frequent flyer programs (1 point equals 1 frequent flyer mile or frequent guest credit for most programs).

For Cards with Airline Incentives
   Miles Per Dollar Spent: n/app
   Additional Miles: n/app
   Program Details: n/app

Rewards Expiration Period: None

Annual Limit: None

Additional Credit Card Perks

Various Internet account related services. Year-end financial statement. Fraud protection. Extended warranty for purchases. Purchase Protection. Medical referral services. Legal referral services. Roadside assistance. Emergency cash replacement. Lost luggage insurance. Guaranteed hotel reservations. Auto rental insurance. Up to $100,000 in travel accident insurance. Emergency card replacement. Various travel and emergency assistance services. See website for additional benefits.

Special Notations about the Preferred Rewards Green Card

This card is a charge card and the bill is paid in full each month. The card has no pre-set spending limit; however, purchases are approved based on credit record, account history, and personal resources. See website for complete terms and conditions of card usage and application disclosure.

Always read the credit card's Terms and Conditions before applying!