A Low Rate Credit Card
With Cashback and $0 Annual Fee
With $0 annual fee, you can't lose! Plus, you get the Low Rate and Cashbacks Offers!
8.99%
Low Rate
Cashback
with Amex Offers
0% p.a
For 12 Months
$0
Annual Fee
| Categories | Earn Rate |
|---|---|
| shopping | Earn 2 Velocity Points Per Dollar. |
| grocery, petrol, utility, telecommunication, insurance, foreign_transaction, other | Earn 1 Velocity Points Per Dollar. |
| government | Earn 0.5 Velocity Points Per Dollar. |
| Reward Program | Maximum Earn Rate |
|---|---|
| Singapore Airlines - KrisFlyer | $1 earns 1.29 KrisFlyer Miles. |
Pros & Cons
8.99% Low Rate, very low in Australia.
$0 Annual Fee.
Access to Amex Offers. Cashback!
Excellent 24/7 Customer Service.
No Cash Advance Available.
Not accepted as widely as Mastercard or VISA.
Where are the Cashbacks?
American Express offers Cashbacks via its American Express Connect portal. Here're some of the Cashback offers in 2018.
Card Details
To be clear. I do not recommend ANY low rate card. You should never spend the money you don’t have. If you are in debt, GET OUT OF DEBT! Use DEBIT CARD instead.
If that’s not possible in the short term, consider getting a card that has the lowest rate possible. Amex Low Rate is a good choice only in this sense.
| Product Name | The American Express Low Rate Credit Card |
|---|---|
| Card Image | |
| Card Network | |
| Card Issuer | American Express |
| Annual fee | $0 p.a. |
| Purchase Interest Rate | 8.99% p.a |
| Cash Advance Interest | Not Available |
| Interest Free Period | Up to 55 days on purchases |
| Foreign Transaction Fee | 3%, using American Express Exchange Rate. |
| Minimum Income | $50000 p.a. |
|---|---|
| Minimum Credit Limit | $2000 |
| Age Requirement | 18 to years old. |
| Residency Requirement | Citizen Permanent Resident Business Long Stay Visa Working Visa Student Visa |
| Additional Cardholder | Up to 4 additional cardholder, for $0 each. |
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* While official indicates $50,000, multiple applicants indicate that a stable $45,000 p.a. income is enough.
** While official indicates $3,000, customer support had confirmed that credit limit could be lowered to $2,000
*** While official indicates Citizen, PR, and Business Long Term VISA, multiple applicants indicate that, as long as you have a stable high income, VISA policy is not strictly enforced.