|
| Introductory Rate: |
0% APR for up to 12 Months |
| Time Period: |
12 months |
| Rate Applied To: |
Purchases |
| Additional Details: |
The introductory rate for purchases varies and will be twelve months or six months. A twelve month 3.99% introductory rate is available for balance transfers submitted during the application or within the first 30 days of cardmembership. |
| Regular APR: |
As low as 13.49% |
| Variable or Fixed: |
Variable |
| Annual Fee: |
$0 |
| Annual Fee Details: |
None |
| 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: |
Rebate |
| Be sure to read the card's Terms and
Conditions before applying! |
Credit Card Review
Clear from American Express® is designed for those with good credit who are looking for a card with absolutely no fees and an uncomplicated reward program. Through the reward program, cardholders earn a cash rebate of 1% on all eligible purchases. The rebates are automatically issued in the form of an American Express® branded shopping card worth $25 each time the cardholder reaches $2,500 in spending. Shopping cards expire one year after they are issued.The truly unique feature of this card is that it has no fees. However, fee-free credit does not mean cardholders can forsake their payment responsibilities. If minimum payments are not paid within the grace period for two times during any portion of a twelve-month billing period, the default APR of 21.99% + Prime Rate will be applied to all balances for a minimum of twelve billing periods.The card also provides benefits and services commonly found with American Express® credit cards, such as auto rental insurance, a purchase protection, and up to $100,000 in travel accident insurance. It also provides a free year-end credit report including the cardholder's credit score.The APR for purchases and balance transfers is reasonably low for a reward card (for those who qualify). In addition, the card offers a 0% introductory APR for up to twelve months on purchases and a low 3.99% introductory APR on balance transfers for for twelve months if the balance transfers are submitted during the application process.Therefore, those who plan to take advantage of the reward program, the fee-free transactions, and the various services provided will benefit most from what the Clear from American Express® has to offer.
This review was updated 2008-11-11T00:00:00.0000000-07:00
Reward Program Information
| Type Of Rewards: |
Rebate |
| 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: |
1% |
| Highest Possible Rebate: |
1% |
| Additional Rebates: |
None |
| Rebate Details: |
Every time the cardholder reaches $2,500 in spending, an American Express® branded shopping card worth $25 is automatically issued. |
| For Cards with Point Incentives |
| Points Per Dollar Spent: |
n/app |
| Additional Points: |
n/app |
| Point Details: |
n/app |
| For Cards with Airline Incentives |
| Miles Per Dollar Spent: |
n/app |
| Additional Miles: |
n/app |
| Program Details: |
n/app |
Rewards Expiration Period: None (Shopping cards expire 1 year after they are issued.)
Annual Limit: None
Additional Credit Card Perks
Various Internet account related services.
Free year-end credit report including credit score.
Year-end financial statement.
Identity theft assistance.
No liability for unauthorized transactions.
Built-in ExpressPay feature that lets cardholders make purchases without having to swipe their card.
Purchase Protection.
Return protection.
Extended Warranty.
Emergency card replacement.
Auto rental insurance.
Access to Global Assist® hotline.
Medical referral services.
Legal referral services.
Roadside assistance.
Up to $100,000 in travel accident insurance.
See website for additional benefits. Special Notations about the Clear from American Express®
Card is currently unavailable to residents of Puerto Rico.
The APR for purchases varies according to the applicant's credit history and may range from 13.49% to 18.49%.
Although there are no late fees or over the limit fees, if minimum payments are not paid within the grace period for two times during any portion of a twelve-month billing period, the default APR of 23.99% + Prime Rate will be applied to all balances for a minimum of twelve billing periods.
See website for complete terms and conditions of card usage and application disclosure.
Always read the credit card's Terms and
Conditions before applying!
|
