Clear from American Express
Card issued by American Express

Most Attractive Feature: No annual fee; no late fees; no over the limit fees; no balance transfer fees; introductory rates; cash back rewards.

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read on for a full review of all the features.

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, cardhol_ders 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 cardhol_der 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. There are no annual fees, no late fees, no over the limit fees, no balance transfer fees, and no cash advance fees. However, fee-free credit does not mean cardhol_ders 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 Annual Percentage Rate (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 plan, and up to $100,000 in travel accident insurance. It also provides a free year-end credit report including the cardhol_der's credit score.

The Annual Percentage Rate (APR) for purchases and balance transfers is reason ably low for a reward card (for those who qualify). In addition, the card offers a 0% introductory Annual Percentage Rate (APR) for up to twelve months on purchases and a low 5.99% introductory Annual Percentage Rate (APR) on balance transfers for the life of the loan 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.

Note: We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.
Last Updated April 23, 2008
*Terms and Conditions