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| Annual percentage rate for purchases |
0% Introductory APR on purchases for 12 months on purchases made with plastic only. Then, 6.25%, 10.24%, or 13.24% respectively, as determined by us based on our credit evaluation and a number of factors, including size of the credit line. |
| Other APRs |
Balance Transfer APR: A fixed APR of 7.99% for the life of the balance, for balance transfers made during the first six months of Cardmembership. Then the standard APR for purchases will apply. Cash Advance APR: 21.24%. Default APR: Variable Rate of 22.24% (28.24% for cash advances) for defaulted accounts; 28.24% on all balances for seriously defaulted accounts. † |
| Variable rate information |
Your APRs may vary. The APR for purchases and future balance transfers is the Prime + 0%, 3.99%,or 6.99%. The APR for cash advances is the Prime + 14.99%; The APR for defaulted and seriously defaulted accounts is the Prime + 15.99% or 21.99%.§ |
| Grace Period for repayment of the balance for purchases |
25 days for purchases, if the previous balance shown on each billing statement is paid in full by each respective due date. |
| Method of computing the balance for purchases |
Average daily balance (including new purchases). |
| Annual Fee |
There is no annual fee for this account. |
| Minimum finance charge |
$0.50 |
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Other Fees:
Late-payment fee: Subject to applicable law, $19 on balances less than $400 and $38 on balances $400 or greater. Overlimit fee: $35. Balance transfer fee: There is no balance transfer transaction fee associated with this offer. However, future balance transfers may incur a fee as disclosed at the time of the applicable offer or transaction. Fee for Cash Advances: 3% of each transaction with $5.00 minimum and no maximum.
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Cash Rebate:
There is no limit to the amount of cash rewards you are eligible for. Your annual cash reward for purchases at OPEN Savings® is up to 5%. Your annual cash reward for all other purchases is up to 2.5%. Once your spending for the year exceeds $15,000, the cash reward for additional purchases at OPEN Savings is 2% and your annual cash reward for all other purchases is 1%. OPEN Savings are purchases at FedEx®, Hertz®, Staples®, and more. Partners are subject to change without notice.
Balance transfers are not eligible for cash back.
The annual rebate will be credited to your statement in the month of February. To receive your rebate, your account must be active (not cancelled) and in good standing.
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Patriot Act Notice:
Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account, including your name, address, date of birth, and other information that will allow us to verify your identity.
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†Your account is reviewed monthly and will be considered in default if during the Review Period a payment of the Minimum Amount Due is not credited to your account by the Payment Due Date in any two billing periods, or seriously in default if (a) a payment of your Minimum Amount Due is not credited to your account by the Payment Due Date in any three or more billing periods, (b) a payment of your Minimum Amount Due is not credited to your account by the Payment Due Date in any two consecutive billing periods, (c) a payment on your account is not honored by your bank or financial institution, or (d) you exceed any designated credit limit on your account three or more times, in each case during any portion of the 12-month period ending with the Closing Date of the current billing period (“Review Period”). If any Default APR is applied, it will apply for a minimum of 12 consecutive billing periods beginning with the current billing period (unless a higher APR is triggered). Any introductory APRs or promotional APRs will terminate if you fail to pay any Minimum Amount Due by its Payment Due Date, or upon any condition that causes a default or other penalty rate to apply to your Account, and the applicable default or penalty rate will apply. We may apply payments and credits first to your balances with lower APRs (including balances with promotional APRs) before balances with higher APRs. This will result in the lower APR balances being paid before the higher APR balances.
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§The Prime Rate for each billing period is the Prime Rate published in The Wall Street Journal on the first day of that billing period or two days prior to the closing date of that billing period, whichever is higher. For either of those days that is not a customary publication day for The Wall Street Journal we will substitute the closest preceding customary publication day. Variable APRs are accurate through 12/31/2008.
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The terms of your account, including APRs, are subject to change. The APRs for this offer are not guaranteed; APRs may change to higher APRs, fixed APRs may change to variable APRs, or variable APRs may change to fixed APRs. We may change the terms (including APRs) at any time for any reason, in addition to APR increases for failure to comply with the terms of your account. Any changes will be in accordance with your Cardmember Agreement. This information is accurate through 12/31/2008.
New York residents may contact the New York Banking Department to obtain a comparative list of credit card rates, fees, and grace periods by calling 1-800-518-8866.
This offer is not available to residents of Puerto Rico.
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1. Cash Rebate: There is no limit to the amount of cash rewards you can earn. Your rebate on a specific purchase is determined by (1) whether the merchant participates in OPEN Savings® and (2) your total annual spend to date as of the day the purchase is made. Rebates are calculated on a monthly basis and awarded annually. The rebate applies to purchases but not to cash advances, returned purchases, balance transfers, and purchases of American Express Travelers Cheques, for example. The following table illustrates how the rebate percentage is determined for each eligible purchase:
Earn 1% on OPEN Savings Participants or 0.5% on all other purchases
when your year-to-date spend is $ 0-$ 7,500
Earn 5% on OPEN Savings Participants or 2.5% on all other purchases
when your year-to-date spend is $ 7,500.01-$ 15,000
Earn 2% on OPEN Savings Participants or 1% on all other purchases
when your year-to-date spend is more than $ 15,000.
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2. OPEN Savings®: Payment must be made with an American Express® Business Card at the time of purchase. Savings will be credited to your American Express Business Card billing statement. All savings referenced are in addition to any offers made by participating companies. Participation and offers are subject to change without notice. Terms and conditions apply. For more information, please visit opensavings.com.
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3. Additional Platinum Business Cash Rebate Cards: Terms, Conditions, and Restrictions apply. The Additional Platinum Business Cash Rebate Cardmember must be 18 years or older and must have never had a defaulted account with American Express. Any account you have with American Express must not be in default.
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4. Balance Transfers: Restricted to Basic Cardmembers only. Additional Cardmembers may not request or authorize any balance transfer to the Basic Cardmember's account.
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5. Automatic Bill Payment: Check with your service provider regarding specific policies on using your Card for automatic payment. Card payment may not be available for all service providers in all markets. Participating partners subject to change. In some instances, it may take more than one billing cycle before initial paid amounts are posted to your Card account. Please remember to cancel those payments with your service provider if you close your Card account, and advise your service provider if your Card account changes.
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6. Purchase Protection Plan: Underwritten by AMEX Assurance Company, Administrative Office, Green Bay, WI. Coverage is determined by the terms, conditions, and exclusions of Policy AX0951 and is subject to change with notice. This document does not supplement or replace the Policy.
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7. Travel Accident Insurance: Underwritten by AMEX Assurance Company, Administrative Office, De Pere, WI. Coverage is determined by the terms, conditions, and exclusions of Policy AX0948 and is subject to change with notice. This document does not supplement or replace the Policy.
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8. Buyer's Assurance Plan: Underwritten by AMEX Assurance Company, Administrative Office, Green Bay, WI. Coverage is determined by the terms, conditions, and exclusions of Policy AX0953 and is subject to change with notice. This document does not supplement or replace the Policy.
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9. Car Rental Loss and Damage Insurance: Underwritten by AMEX Assurance Company, Administrative Office, Green Bay, WI. Coverage is determined by the terms, conditions, and exclusions of Policy AX0925 and is subject to change with notice. This document does not supplement or replace the Policy.
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10. American Express Card Baggage Insurance Plan: Underwritten by AMEX Assurance Company, Administrative Office, De Pere, WI. Coverage is determined by the terms, conditions, and exclusions of Policy AX0400 and is subject to change with notice. This document does not supplement or replace the Policy.
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11. Express Cash: For U.S. Cardmembers, the fee for each cash transaction shall be the greater of $5.00 or 3% of the cash transaction, with no maximum. The 1% fee on Express Cash and Emergency Check Cashing withdrawals must not exceed the monthly $10,000 limit. Express Cash transactions and fees will not be billed to your Card statement. Withdrawal amounts may vary depending on the ATM network and Cardmember credit and repayment history. If multiple withdrawals are required, a separate transaction fee will be charged. By using the service you are indicating your acceptance of the terms of the Electronic Fund Transfer agreement, which you will receive upon acknowledgement of your enrollment.
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12. Emergency Check Cashing: Not all services available at all locations and all are subject to local laws and cash availability.
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13. Emergency Card Replacement: Not all services available at all locations and all are subject to local laws and cash availability.
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