American Express® Preferred Rewards Green Card

Earn 5,000 Membership Rewards® bonus points when you spend $500 in 3 months - redeemable for a $50 gift card! No Pre-set Spending Limit* No annual fee for the first year - $95 Thereafter Complimentary enrollment in our award winning Membership Rewards® program. Earn 1 Membership Rewards® point for virtually every dollar you spend and double points at supermarkets, gas stations, drugstores, and more! Transfer points to 17 frequent flyer programs Express Approval. Get a decision in less than 60 seconds. CLICK HERE TO APPLY ONLINE *See Terms & Conditions

Intro APR Intro Period Regular APR Annual Fee Balance Transfer Credit Needed N/A* N/A* N/A* No annual fee 1st year - $95 Thereafter* No* Good Credit*

Review: American Express® Preferred Rewards Green

Type of credit needed: Good Credit

Type of card: Charge/Rewards

Issued by: American Express™

Overview: The American Express Preferred Rewards Green Card is designed for those who consistently pay off their credit card balance at the end of each month. Compared to other credit cards, the yearly fees associated with this American Express product are quite high, and each additional card issued also results in a fee. Presently, American Express does not charge fees during the first year for the primary card and a set number of additional cards. Those who choose to obtain an American Express Preferred Rewards Green Card can also enroll in the rewards program at no additional cost. Points are earned on all purchases, and they can be used towards travel purchases such as airline tickets, and other rewards. The number of points that can be earned is unlimited, and they never expire. Spending limits for this card can vary depending on account and credit history.

Pro and cons of the card:

Pros:

• The fees for carrying the card are waived during the first year
• Enrolling in the rewards program is free
• Earn points on all eligible purchases
• Points can be redeemed for travel-related purchases or other rewards
• No limits on point earnings
• Points do not expire
• Bonus points for first qualifying purchase
• No pre-set spending limit
• Discounts on products and services
• American Express perks like lost luggage replacement and auto rental insurance
• Online account access

Cons:

• High annual fees
• Balance must be paid in full each month
• Spending limits can fluctuate
• High interest rates for cash advances

Excellent Credit 750-850 Good Credit 660-749 Fair Credit 620-659 Bad/Poor Credit 350-619 No Credit 0-0 Do You Know Your Credit Score? Find Out Now!

A credit score is a number generally between 300-850, based on a statistical analysis of a person's credit files. This score represents the credit worthiness of a person. A credit score is assigned to each individual, to rate how risky a borrower he or she is--the higher the score, the less risk the individual poses to creditors. In most cases, your credit score will determine whether you will be approved for a credit card.

1. Credit Scores range from 300-850, the higher the better 2. Most lenders base approval on your credit score. 3. Higher Scores mean lower payments and better deals. 4. Higher Scores mean Lower interest rates. 5. Scores are determined by 5 main categories: Payment History Amounts Owed Length of Credit History Type of Credit Used New Credit

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* See the online Americanexpress.com/fyfgreen (www.americanexpress.com/fyfgreen) credit card application for details about terms and conditions and offers.