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The Low Rate Credit Card from American Express® full review!

If you need a card with an incredible purchase rate and no annual fee, read on to learn more about the Low Rate Credit Card from American Express® review!

by Victória Lourenço

Published on 03/08/2023

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more

Partner Offer through CreditCards.com

The Low Rate Credit Card from American Express®: The best rate on purchases!

If you're looking for a credit card with a low rate, this is it! Source: The Mister Finance.
If you’re looking for a credit card with a low rate, this is it! Source: The Mister Finance.

Are you an Australian looking for a credit card with low rates and no annual fee? If so, look no further than our Low Rate Credit Card from American Express® review!

The Low Rate Credit Card from American Express®

How to apply for the Amex Low Rate Credit Card?

Do you need a credit card with low purchase rates and no annual fee? Read on to apply for the Low Rate Credit Card from American Express®!

Credit ScoreN/A.
P.A.*8.99% p.a. on purchases.
Rates & Fees
Annual Fee*$0.
Rates & Fees
Fees*$30 late payment fee;
Interest-free for up to 55 days;
Cash advances or balance transfers are not available.
Rates & Fees
Welcome bonus*There are no welcome bonuses for this credit card.
*Terms Apply
Rewards*There are no rewards besides the low-interest rates, low fees, annual fees, and other perks.
*Terms Apply

Also, this simple yet powerful option can save you money on purchases every day without locking you into any restrictions.

Therefore, in this blog post review, we’ll dig into all of the details —from rate differences for purchases to the no annual fee.

So, you’ll leave this review with a better understanding of how the Low Rate Credit Card from American Express® works and how it could help make your life easier!

How does the Low Rate Credit Card from American Express® work?

With the Low Rate Credit Card from American Express®, you’ll be able to get the best interest rate for purchases and no annual fee! So, you’ll be able to save a lot of money while using this card.

Moreover, you’ll get great credit card coverage, such as the chance to get an emergency card replacement worldwide if you lose your card or it gets stolen!

The Low Rate Credit Card from American Express® benefits

Save money on every purchase with a low interest rate. Source: Canva.
Save money on every purchase with a low interest rate. Source: Canva.

Moreover, as we mentioned, this card offers great things to its users. So, you can get incredible purchase coverage, such as card purchase cover, card refund cover, fraud protection guarantee, and much more!

Therefore, you’ll be able to keep your credit card and money safe while saving money. However, this card also has some downsides, just like any other credit card. So, read the pros and cons list below!

Pros

  • You’ll be able to save money with the low-interest rate of 8.99% p.a. for purchases;
  • There is no annual fee for this card;
  • You’ll be able to access 24/7 Global Card Support;
  • Find Fraud Protection Guarantee;
  • Also, you can get up to 55 days interest-free.

Pre-approved credit cards for low credit score available now

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Cons

  • This card offers no rewards program or welcome bonuses;
  • You’ll need to meet many requirements to qualify;
  • Also, there is little information about the income requirements for this card.

How good does your credit score need to be?

There is not much information about the credit score you need to apply for this credit card. However, you can’t have any history of debt and payment default!

Therefore, ensure you have your finances in good standing before applying for this credit card!

How to apply for the Low Rate Credit Card from American Express®?

You can apply for this credit card after you know about the credit card requirements. Therefore, if you meet the requirements, you can have a high chance of qualifying.

The Low Rate Credit Card from American Express®

How to apply for the Amex Low Rate Credit Card?

Do you need a credit card with low purchase rates and no annual fee? Read on to apply for the Low Rate Credit Card from American Express®!

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more

Partner Offer through CreditCards.com

About the author

Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by

Aline Barbosa

Senior Editor

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