A great new type of reward card with “No Fees of Any Kind”…
If you’re looking for a new type of credit card with no fees and an uncomplicated rewards program, Clear from American Express® is an excellent choice. While most reward cards use high fees and other penalties to offset payouts, the Clear Card from American Express® provides a nice alternative with no fees attached.
| Intro APR | Intro Period | Ongoing APR | Annual Fee | Grace Period |
More About American Express® Clear:
Clear from American Express® boasts ”No fees of any kind” and can be a great advantage to any consumer who has a hard time avoiding standard credit card fees. While most issuers have eliminated the annual fee, the Clear Card charges no late, over-limit, balance transfer or cash advance fees. In addition, there are no additional charges for ATM withdrawals, convenience checks, account re-opening, or stop-payment requests.
The American Express® Clear Card offers a generous 0% APR for up to 12 months on purchases and 5.99% on balance transfers. The standard APR on purchases (after the promotional period) is also relatively competitive for a reward card at 13.74%, 15.74% or 17.74%, depending on your credit. With no balance transfer fee, consumers will enjoy great savings on balance transfers. But the cash advance APR is a bit high at 23.24%.
One note of caution, late or missed payments will be penalized by a higher APR, so its important that your payments continue to be made on time. 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 Clear Card provides a relatively basic reward program which offers a simple way of earning bonuses. “Use your Card. Get rewarded. That’s it.” For every $2,500 you spend, you’ll be sent a $25 American Express® branded shopping card automatically. It can be used just like cash anywhere American Express is accepted. Cardholders also earn a cash rebate of 1% on all eligible purchases.
Additional benefits common to American Express® also apply to the American Express Clear card: auto rental and $100,000 in travel accident insurance and a purchase protection plan. Plus, a free year-end report is provided which includes the consumer’s credit score.
Summary of Features:
- 0% intro APR* on purchases for 12 months
- No annual, late, over-limit, balance transfer or cash advance fees
- American Express Gift Checks: Accepted at most locations
- Flexibility to pay over time
- Identity theft assistance
- No liability for unauthorized online transactions
- Extended warranty and purchase and return protection
- Built-in ExpressPay feature
- Up to $100,000 in travel accident insurance
- Auto rental insurance
- Medical and legal referral services
- Roadside assistance
- Lost luggage insurance
- Emergency card replacement
Apply for Clear from American Express® Now!
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