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Oxfam
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American Express Review
Summary
The American Express Red credit card is brought to you by… American Express. Normally known for their popular charge cards, Amex have now introduced a credit card – Red. This is a credit card with a difference. Instead of having a cashback offer or loyalty scheme the American Express Red donates 1.25% of everything spent on the card to the Global Fund - financed programs in Africa which help woman and children affected by HIV / Aids. £5 is donated automatically if you make a purchase on the card within 1 month of receiving it.
Even though this has charity as one of its main selling points the card also offers a great standard rate of 12.9% APR - one of the most competitive available. American Express Red also offers 24hr global assist, Travel accident insurance, purchase protection and more so it really is a case of helping yourself while you help others.
Details
| Introductory Balance Transfers | n/a |
| Monthly Rate | n/a |
| Period | n/a |
| Introductory Purchases | N/A |
| Monthly Rate | N/A |
| Period | N/A |
| Standard APR | 12.9% |
| Monthly Rate | 1.02% |
| Cash Advance APR | 23.6% |
| Cash Advance Fee | 1.5% (Min £2.00) |
| Minimum Payment Required | 3% (Min £5) |
| Annual Fee | None (Subject to minimum spend) |
| Loyalty Points | none |
| Travel Accident Insurance | £50,000 |
| Free Purchase Protection | 90 Days, up to £50,000 |
| Foreign Usage Fee | 2.73% |
Other American Express Features and Benefits
- Give o charity while you spend
- Cool Card Design
- Free Purchase Protection
- Free Travel Accident Insurance
- Online account management
American Express Verdict
The American Express Red credit card is a decent value proposition. The standard rate of 12.9% is very attractive for a day to day use credit card and it has a host of added value benefits. But that is not the main selling point of the Red card. the chance to give something back while going about your daily life will, I am sure, appeal to many.