American Express Green Card Review
The American Express Preferred Rewards Green Card is unique in that there is no interest rate – you have to pay your balance off at the end of the month or get hit with late fees. This may seem to defeat the point of a credit card but there is an attractive rewards package available and the green card is a secure alternative to paying with cash. You also don’t have a credit limit, rather your credit allowance will increase as you improve your standing with American Express over time.
Quick Info:
- Credit Limit: None
- Introductory Rate: N/A
- Regular APR: None
- Cash Advance APR: N/A
- Late Fees: $35
- Annual Fee: $95, first year waived
- Grace Period: 20 days