 Clear from American Express®
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Intro APR: 0%
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Issuer: American Express
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CARD FEATURES
Automatic Rewards
When you spend $2,500, you get an American Express® branded shopping card worth $25.I Complimentary credit report (with credit score) every 12 months
Clear from American Express®
CARD TERMS AND FEES
No Annual Fee, Late Fees, Overlimit Fees, Cash Advance Fees or Balance Transfer Fees
Payment Options
- Pay over time or pay in full.
- Grace Period for purchases is 28-31 days, if the previous balance shown on each billing statement is paid in full by each respective due date.
Annual Percentage Rate
Balance Transfer APR: A fixed rate of 3.99% (0.0164% DPR) for 12 months, on Balance Transfer requests submitted with this application and/or within the first 30 days of Cardmembership.
Clear from American Express® ADDITIONAL BENEFITS
Emergency Services
- Emergency Card ReplacementVII: Receive a new Card if yours has been lost or stolen in as little as 24 hours.
- Global Assist® HotlineVIII: Whenever you travel more than 100 miles from home, we'll provide you with emergency assistance 24/7, including medical and legal referrals, visa/passport help, cash access, lost luggage and more.
Account Management
- Access your account online 24/7: Pay your bill or view up-to-date billing information, including transactions, charges, and payments.
- Online Year-End Summary: Organize your expenses in a snap - download and print the Summary; sort charges by date, merchant name, amount or category, such as Travel and Restaurant.IX
Dedicated Customer Service
* Around-the-clock Customer Service to help you with all your account needs.
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 Apply for Clear from American Express
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You’ve probably received several credit card offers in the mail, and the outside of the envelopes scream interest rates and promotional offers to try and entice you into opening it up and looking at what’s inside. Chances are, if you have an email address, you’ve even received a few credit card offers through that address- bright colors and animated graphics trying to convince you that there card has the lowest initial interest rate, or the longest transfer balance rate of all the available credit cards on the market. All of the offers will look good at first glance; after all- that’s what marketing is about, right? According to Merriam-Webster’s online dictionary, marketing is a noun used to describe “the act or process of selling or purchasing in a market, and the process or technique of promoting, selling, and distributing a product or service.” Credit card companies are in business to sell you their credit cards, and they’ll use a variety of promotional materials to get your business.
The outside of your credit card offer’s envelope might say something like, “LOW 0% Initial Interest Rate on all purchases and balance transfers”, but there is much more to how a credit card’s interest rate is calculated than that statement reveals. Initial interest rates are sometimes referred to as the card’s promotional rate, or teaser rate. In all honesty, an initial interest rate is basically the same thing for a credit card as a sale is to a retail store. Retail stores advertise their products that have a discounted price for a limited time to attempt to bring people into their establishment to buy the sale item, but also because once you are there, they hope you’ll purchase other products. Credit cards offering initial interest rates are basically putting their standard interest rates “on sale”, because for a limited time, new cardholders will receive a lower than usual rate on purchases, and sometimes also on any balance you transfer from one of your other credit cards onto this new card. What you need to understand about initial interest rates is that they really are “for a limited time”, and just as you couldn’t go to your favorite store and buy items this month for the sale price that was offered the previous month, you can’t extend a credit card’s initial interest rate beyond the terms they specify (often found in the small print!) What you’ll want to look for in the text of the materials that were sent with the initial interest rate cards promotional documents is reference to the cards ongoing annual percentage rate (APR). This is the interest rate that you will pay once the initial interest rate period has passed. (The regular price of an item after the sale has ended!)
Initial interest rates will also come with terms of agreement, in the form of a contract, which give reasons as to how or why the rate might be terminated by the credit lender. The most common reason to terminate the initial interest rate offer is for making a late payment on your card, and if you read the fine print of the credit card agreement- you’ll note that it states this very clearly. In order to keep the promotional, lower rate for the time specified by the credit card lender, you must make every payment on time. If you are late with a payment, you can expect the interest rate to jump to the ongoing APR, or in some cases, higher because you have defaulted on your contract agreements, so do everything you can to make sure your payments are made on time.
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