Overview: This American Express credit card is best for those who either live in Los Angeles or travel there frequently. The INSIDE Rewards program allows cardholders to accumulate points when they make purchases on their card. Extra points are awarded for what American Express classifies as “City Essentials,” which includes magazine subscriptions and movie tickets. Points can be redeemed for travel and hotel stays in LA, New York, and Chicago. The IN:LA from American Express card also allows cardholders to receive discounts at participating LA establishments on certain days of the week. Individuals can also get preferred access to certain LA clubs and receive discounts on concert tickets. There is no annual fee for the card, a low introductory APR, and cardholders can enjoy the same benefits offered to most American Express customers, including auto rental insurance, online account access, and purchase protection.
Pro and cons of the card:
Pros:
No annual free
Low introductory APR
Enrolling in the INSIDE Rewards program is free
Earn points for all eligible purchases
Earn extra points for purchasing “City Essentials”
No limits on point earnings
Points never expire
Redeem points at LA, New York, or Chicago establishments
Discounts at LA establishments on certain days
Discounts on concert tickets and museum admissions in LA
Preferred access to clubs and VIP rooms in LA
Standard American Express benefits like purchase protection
Cons:
Must live in LA or visit there frequently to get the most out of the card
APR varies depending on credit history
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/getinla (www.americanexpress.com/getinla) credit card application for details about terms and conditions and offers.
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Type of credit needed: Good Credit
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