American Express Platinum Cashback Credit Card

28.2% APR
American Express Platinum Cashback Credit Card
American Express Platinum Cashback Credit Card
American Express Platinum Cashback Credit Card
28.2% APR

You can get 5% cashback up to £125 within the first three months of having the card, this is then reduced to 1.25% after the first three months depending on how much you spend. There’s an annual charge of £25 for the card and balance transfers are only available on request.

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Balance Transfers

NA

Purchases

22.9% p.a. variable

Representative APR Variable

28.2% APR

Balance Transfer 0% for 9 months with a 4% fee

American Express Platinum Cashback Credit Card

Before choosing the ideal credit card for you, it’s important to carry out some research and compare the options. There are a lot of credit cards to choose from, some of which are credit cards for bad credit and others that are aimed at those with good credit. If you have a good credit rating, the American Express Platinum Cashback Credit Card is an option worth considering. The American Express Platinum Cashback Credit Card has an average APR, which puts it in line with other similar credit cards, and a good rate for purchases. Though balance transfers are not freely offered to everyone and are given at the discretion of Amex, there are a number of impressive cashback opportunities which not all credit cards have.

Who Can Apply For An American Express Platinum Cashback Credit Card?

As is the case with all credit cards, you need to meet specific requirements in order to be approved for a American Express Platinum Cashback Credit Card. This includes being over the age of 18, being a UK resident and having a good credit score. If you have a bad credit score, you may be turned down and therefore choosing a credit card for bad credit may be best. Different factors are taken into account when you apply for an American Express Platinum Cashback Credit Card, such as your financial history and experience of using credit in the past.

What Does The American Express Platinum Cashback Credit Card Offer?

  • With an American Express Platinum Cashback Credit Card, you will get 5% cashback up to £125 in your first three months of card membership. After the first three months, you can earn up to 1.25% depending on how much you spend. This isn’t something that all credit cards offer.
  • The American Express Platinum Cashback Credit Card has an annual charge of £25. Though small, this is a charge that not all credit cards have.
  • The American Express Platinum Cashback Credit Card has an APR of 28.2%, which is similar to the APR of other credit cards. It is by no means the lowest APR available, but it’s also not one of the highest.
  • The American Express Platinum Cashback Credit Card offers a rate of 22.9% P.A. variable on purchases. This is an expected amount and it’s not too much higher or too much lower than many other credit cards.
  • The American Express Platinum Cashback Credit Card should not be treated as a balance transfer credit card, as the balance transfer facility is only available on request and at the discretion of Amex. This means that though you may be granted a balance transfer, it’s not guaranteed.

Though the American Express Platinum Cashback Credit Card is not ideal if you are looking for a balance transfer credit card, it does have a lot to offer. It offers an average APR, an average rate on purchases and cashback opportunities.

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