American express card with no annual fee

american express card with no annual fee

Applying for a PAYBACK American Express credit card during the promotional period will really pay off. Consumers will continue to save the EUR 40 annual fee that normally applies after the first year. Applications up to and including 31 May 2014 will qualify for ongoing exemption from any annual fee. In addition, customers will receive 4,000 PAYBACK points as an introductory bonus credit in their PAYBACK account – worth EUR 40 cash equivalent. The card is the successor to the first joint credit card from PAYBACK and American Express that was launched to great success in Germany in November 2012.

“The PAYBACK American Express credit card is meant for everyone. It offers a new, optimum combination of functions with its loyalty programme, customer card, international payment method and convenient credit period,” says Thomas Nau, General Manager of American Express in Germany.

“This is the best PAYBACK card, offering customers the most benefits and more opportunities to collect points than ever before. It makes shopping more attractive, secure and simple. We are delighted to be able to offer this attractive card in cooperation with American Express to our more than 20 million members – and all for no annual fee at all,” says Bernhard Brugger, CEO of PAYBACK Europe.

For instance, cardholders collect 1 point for every EUR 2 spent on the card – whether the store or online outlet is a PAYBACK partner or not. The only exception is petrol station transactions. In addition, double points can be earned at two favourite PAYBACK partners – where cardholders can collect 1 point for each and every euro spent. Card users can take part in quarterly draws. Round-the-clock customer service is available all over the world. In case of loss or theft, a replacement card will be provided free-of-charge. Cardholders can withdraw cash from more than 900,000 ATMs throughout Germany.

New! dm PAYBACK American Express card

Customers can apply right now for the dm PAYBACK American Express card. Cardholders who choose dm-drogerie markt as a favourite partner can collect 1 point for each and every euro spent. Applications up to and including 31 May 2014 will qualify for lasting exemption from any annual fee on this card as well.

The card is available right now via PAYBACK, American Express, in any Galeria Kaufhof store or at Galeria Kaufhof online, and at dm-drogerie markt.

Scotiabank American Express Gold rewards card – My one month experience

American express card with no annual fee

A few months ago, I received a pre-approved American express gold reward card from Scotiabank with more than 45 000 bonus rewards points ($450 value) and no annual fee for first year, worth $99. At the same time, I received another credit card offer, Aeroplane via infinite, from TD bank with some bonus points.

After a short comparison analyst, I accepted the offer from Scotia Amex gold and received the card on May 10, 2014. So, today (June 11, 2014), after one month of use, is a good time to see whether I should keep the card or not.

I earned 48 100 points / $481 worth of travel credit with Amex

As of June 10, 2014, I earned 2600 ($26) points and I was given 15 500 bonus points (worth $155) for travel related purchases. Also, I will be getting another 30 000 ($300) rewards points when I make a minimum of $100 in travel-related purchase using the Amex card.

All together, I will have around 48 100 ($481) points that can be used to purchase any travel-related service any where I want.

Also, Scotia Gold American express card came packed with the following travel insurances: there are some terms and conditions to use them, but I didn’t read all the documents.

  • Travel emergency medical insurance
  • Trip cancellation and trip interruption insurance
  • Flight delay insurance
  • Lost luggage and delayed luggage insurance
  • Hotel/motel burglary insurance
  • Rental car collision/loss damage insurance
  • Common carrier travel accident insurance

Please note I haven’t yet used any of the above insurances, I will update the information if I use them.

The pre-approval letter states “4 rewards points for every $1 spend at gas, grocery, dining and entertainment”, and I received 4x points for gas, dining/fast food and entertainment, but not for groceries.

I do most of my grocery shopping at Warlmart, Costco or No Frills/ Lablaws stores, but for Scotia Amex card Walmart and Costco stores are not considered as grocery, thus I earned only 1x point for the money I spent there. And, Lablaws chains don’t accept American express.

I won't go for other expensive stores to collect 4x points.

Here is the list of stores accept American express card:

  • Tim Hortons (4x points)
  • Domino’s pizza (4x points)
  • McDonalds (4x points)
  • Shell gas station (4x points)
  • ESSO gas station (4x points)
  • Pizza Pizza (4x points)
  • Metro/ food basics (4x points)
  • Wal-mart supercentre (1x point)
  • Costco (1x point)
  • Napolis Restaurant, Ottawa (4x points)
  • The bay stores (1x point)
  • Canadian tire store (1x point)
  • Bath & bath works (1x point)
  • Winners (1x point)
  • Sears (1x point)

Hers is the list of stores didn’t accept the card when I tried to use it:

  • Giant tiger
  • Lablaws / No frills
  • Some MacDonald in rural areas

I haven’t yet used the card in many other stores in Canada. I will try it and update these two lists accordingly.

I will use this card for a year or two, and if I can't get enough points to cover at least the annual fees of $99 per year, then I will cancel it; however, I have estimated that I can earn more than 30 000 points per year with my regular purchases like gas, groceries and other necessary stuffs.

What to do with 48 100 travel points? May be I will use them to go for a short vacation

List of American Express Cards by AF & AU/Employee Fee (Useful for Amex Offers)

In the comments of my post about no annual fee credit cards with no foreign transaction fee, reader blue9 was looking for a list of all the American Express cards with free authorized users, in order to maximize access to Amex Offers. This is a comprehensive list of all cards with access to Amex Offers, along with the number of authorized users you can add per card and any fee for doing so. It is organized by type of card, and quasi-ordered within how I saw fit (a combination of AF, name, or program name, depending on the situation).

Note that an offer can only be added to an eligible card once per unique, Facebook, or Twitter account. Most people have no problem circumventing this restriction using a single account by opening new tabs for each card and adding them that way.

Also note that an excessive number of AUs for the purposes of Amex Offers has the possibility to draw unwanted attention from AmEx, per reader Lela.

All American Express consumer cards issued by American Express, business cards from American Express OPEN, or registered American Express Serve or Bluebird Cards are eligible for Amex Offers through an account, through Facebook, and through Twitter.

You can find details about the different flavors of Platinum cards at this link. According to this comment, your fee for the Ameriprise Gold may be different than displayed in the table.

First National Bank TravElite American Express card: The Best No Annual Fee Credit Card, You’ve Never Heard Of

When we talk about good or best credit cards, we’re looking for:

  1. Return on spend- Is it possible to maximize the value you get back without spending too much money?
  2. No annual fee, if possible
  3. Good perks and benefits like extended warranty and trip delay insurance

First National Bank TravElite American Express® Card

American express card with no annual fee

  • No annual fee
  • Earn 25,000 points to redeem for a $250 statement credit when you spend $2,500 within 3 months
  • Earn 3x points on travel
  • Earn 1.5x on everything else
  • $100 Annual travel credit
  • $100 Global Entry or

The points are worth 1 cents per point, so you can redeem them for travel, gift cards, or cash. Be aware: there is a $15 transaction fee to book travel through their portal. It makes the most sense to redeem for cash because the points are worth the same across the board.

The $100 travel credit doesn’t apply to flights or seat upgrades. Travel credits can be redeemed for baggage fees, lounge access, and meals on the plane. Credits typically take 2–4 weeks to post, so don’t worry if it’s not reflected right away.

The credit card makes sense because of the sign-up bonus, not the best, but worth it for a no annual fee card with travel perks.

If the card is so great, why haven’t I heard of this card before? It’s pretty difficult to get this card.

A few data points have suggested the credit issuer requires 720+ credit score and less than 6 inquiries within the past 6 months. It’s a balancing act between new accounts, credit inquiries, and your credit score.

If you’re someone who doesn’t have a lot of credit cards, this might be a good option for you.

American Express Essential Card - $0 Annual Fee, $50 Credit after $750 Spend in First 3 Months

American express card with no annual fee

Last edited 19/05/2017 - 12:52

Amex Update 28/03/17 : This condition: No cap on earn rate was added, signaling the possible introduction of earn caps on cards, for which this card is exempted.

Despite being fee-free, this card offers the following features and rewards :-

Receive a $50 credit ($75 using referral) when you apply online, are approved and spend $750 on your new Card within the first 3 months of Card Membership.

Earn 1 Membership Rewards point per $1 spent (Equivalent to 0.741% return) - except for utilities, insurance, telecomms providers and government bodies in Australia where you will earn 0.5 points per $ spent. (Note: in practice, by using BPAY and AustPost Billpay, you can still get 1 point/$ for them if they support these payment modes).

No points cap regardless of your monthly spend.

Flexibility to use points to pay off charges (1000pts=$7.41) on statement, saving hard-earned cash.

Flexibility to transfer points to 8 airlines programs

  • Air New Zealand Airpoints
  • Asia Miles
  • Emirates Skywards
  • Etihad Guest
  • Malaysian Airlines Enrich
  • Singapore Airlines KrisFlyer
  • THAI Royal Orchid Plus
  • Velocity Frequent Flyer

Eligible for Amex Cashback offers and Shop Small promotions.

American Express Invites – to sought-after events, including music, theatre and film, often before tickets go on sale to the general public

Smartphone Screen Insurance for screen repairs if you accidentally break your Smartphone screen. We will reimburse you for the cost of the screen repair up to $500 with a 10% excess per claim.

Purchase Protection - if an item is stolen or breaks within 90 days of purchase, it can be repaired or refunded up to $2,500 per claim, up to $10,000 per year and with a $50 excess per claim.

Buyer’s Advantage – extends the manufacturer’s warranty by up to 12 months for up to $7,000 per claim and $7,000 per year, with no excess.

Refund Protection - if you have a change of heart and are refused a refund on an unused item within 90 days of purchase, you will be reimbursed for up to $500 per claim and $2,000 per year, with no excess.

Supplementary Card for family members at no additional cost.

Eligibility criteria is personal or household gross (pre-tax) annual income of $40,000 or more. Application seems fairly hassle-free; mostly on-the-spot approval; no accounts yet of having to supply evidence like payslips etc.

Comparisons of reward percentages with other fee-free Amex cards, if redeeming cash-equivalent rewards (cash credit, supermarket gift cards):

(If you join Qantas AutoRewards, you will get $20 for 3000 points - which is 0.667%)

  • Amex Essential: 0.741% (cash credit against account, 1000pt=$7.41)
  • More details about best use of rewards, see here.

    Referrer: 20,000 Reward Points

    Referee: 50,000 Reward Points with 3 purchases outside DJ in 1 month

    Referrer: 30,000 Reward Points

    Referee: 60,000 Reward Points with 3 purchases outside DJ in 1 month

    $75 credit with $750 spend in 3 months.

    100,000 Membership Rewards points with $1,500 spend in 3 months + $400 travel credit

    150,000 bonus Membership Rewards points with $5000 spend in 2 months + Unlimited access to Airport VIP lounges.

    100,000 Membership Rewards points with $1,500 spend in 3 months + Unlimited access to Airport VIP lounge

    No annual fee (first year) + 10,000 bonus Membership Rewards points with $750 spend in 3 months + $200 travel credit every year.

    10,000 Qantas Points for the referrer.

    Up to 50,000 Qantas points with $1,500 spend in 3 months + 2 Club Lounge invitations/year

    Referrer: Up to 30,000 Qantas Points

    Referee: Up to 100,000 Qantas Points + Commentary domestic return Economy flight

    15,000 Velocity Points with $750 spend in 3 months

    100,000 Velocity points with $1,500 spend in 3 months + Complimentary domestic return flight

    "I have a personal gross (pre-tax) annual income of $40,000 or more" - please put that in the description, may be very important to some.

    There is a pretty strict &#03&;word-count' limit imposed on the Titles/Descriptions of deals Cwong. Basically no way for the OP to incorporate that info' into the title, methinks. Good of you to point it out though :)

    Yes indeed :-). I have now included the info in the post itself.

    Well he did say description though, not title.

    And citizens or Permanent Residents only

    Common sense has to apply here too.

    There are very few credit cards that have an annual income test of below $40k.

    Should all deals for motor cars state that you need to register the car before you can legally drive it?

    Common sense has to apply here too.

    It is pretty much the only eligibility criteria to be able to participate in this deal

    There are very few credit cards that have an annual income test of below $40k.

    I didn't know, the word "Essential9quot; led me to believe this was a budget American Express CC.

    Most credit card "deals9quot; don't even state their required annual income in their T&Cs.

    Stating it could potentially save an OzBargain visitor a rejected credit card application, if they're near that income threshold.

    Should all deals for motor cars state that you need to register the car before you can legally drive it?

    No, but if it's a car that has any known issues specific to that model.

    Thanks for your constructive feedback

    It does say Essential, so I can see where you are coming from. I pretty much included the info as soon as I saw your original comment anyway. My aim is for the post to be as easy as possible for the reader, so thanks for the feedback.

    I pretty much included the info as soon as I saw your original comment anyway. My aim is for the post to be as easy as possible for the reader, so thanks for the feedback.

    I know you did buddy! :)

    Common sense has to apply here too. -GreatWhiteHunter

    This JV-junior didn't.

    There was $50 credit of $500 spend within 3 months

    In the past, whether you were using referrer or applying directly, the spend criteria was the same, i.e. spend $500 within first 2 months, even though the bonus amount differs.

    - using referral - spend $500 within first 2 months

    - applying directly - spend $750 within first 3 months.

    Would this card be valid for the AMEX reward bonus stuff? I assume it makes no points like the Velocity?

    EDIT: Clearly yes, sorry, should have read

    Does this mean AMEX now offer 3 AMEXs direct from them with 0$ fees now?

    (I got the red one, I been meaning to apply for the other one)

    Yes, I also have the Qantas Discovery. But since my preference is redeeming cash rewards, the Essential card works out better. (Analysis here). Plus the smartphone insurance.

    If into redeeming flights, the other two would be better value, I suppose.

    smart phone insurance - did you have to purchase the phone on the card?

    It make sense to claim when you purchased with that card, otherwise it will be super deal.

    Oh, sorry I said smartphone insurance, meant to say smartphone screen insurance.

    Yes, the phone has to be bought with the Essential Card, and whilst the card is active.

    Fortunately, unlike cards with only 1st-year $0 fee (which some intend to cancel), I can keep it ongoing, for screen insurance, cashback offers and small-shop promotions.

    I think I got the velocity one? You can redeem the points for items.

    List of items here.

    I'll try and grab one of these cards, worth a try.

    Is this an on-going offer or does it have an end date? I'm not in a hurry to get a new card, especially if Amex could possibly offer a higher credit amount in the future?

    The application bonus amount has been like this for a while. There is no expiry date advertised on the card page. But of course the conditions of the offer can change anytime.

    Recently, they changed the spend amount for direct application. I thought they might change the referral conditions soon as well to match up, so I advised those who use referral to get screenshots of the conditions (see post).

    This is still a relevant suggestion - for anyone applying via referral.

    Here, have an up vote for at least putting effort into your post ;)

    Voted for the effort too!

    Thank you! Hope you derive good benefit from the last Small Shop :-) I found the map too hard … so just went to a couple nearby places.

    May be suitable as a substitute card once the ING 2% cashback ceases - but depends on your circumstances, obviously.

    Some extra info on this. In a recent thread, responding to OP asking what to use after ING 2% cashback ceases, I shared my deliberation here - of why I choose Amex Essential (0.741% return), over Coles Rewards Mastercard (1% return) given my circumstances. Thought I'll share it here as well, in case some of you are in a similar boat, and may find this info useful.

    Oh yeah, does anyone know if the Amex small shop cashback trick works with multiple AMEX ISSUED amex cards? Do I need sep accounts (I obviously need sep cards)

    One dude here has 9 cards, I guess like CBA, ANZ, WBC, Amex issued etc?

    I wanna know if I get all 3, feeless AMEX cards if they can all get $10 small shop cash back when the promotion is on.

    Yes, I have 2 cards - Qantas Discovery, and this Essential Amex. I need to register them both for Small Shops, to be able to use both.

    To your other question, I have 2 cards on the same login, if that is what you mean. Of course they will have separate statements, limits etc. They gave me a limit, and told me I could request the limit to be spread differently on the cards, if I wish.

    Isn't Amex Davidjones better deal than this ?

    Understand this has $99 annual fee but with 30k points when you sign up and 3 points for 1$ spent in supermarkets will cover it. Agree or am I missing anything here ?

    Hi, thanks for the question. Any card on offer is a good card for some, based on the circumstance and purpose. Looking at DavidJones cards' highlights, it is great for those who shop at David Jones, or spend at supermarkets.

    Amex Essential, in comparison, might be more suitable if you:

    - do not like forking out $99, in case it is not better off, due to various reasons, e.g. overseas travel etc

    - hardly shop at David Jones

    - do not spend much in supermarkets (singles/small families)

    - already have another card (which may also have fees)

    - want card mainly for (additional) Amex cash-back offers, Small Shop offers

    - want smartscreen phone insurance

    - want purchase protection

    - want extra 12 month manufacturer warranty

    I always acknowledge a card suitability depends on circumstance/purpose. Hence why, I often mention, for example, that if the main purpose is redeeming flights (but still want a fee-free card), one of the other two (e.g. Qantas Discovery may be more suitable.

    Typing too fast :-), should read:

    -want smartphone screen insurance

    -want up to 12 month extra manufacturer warranty

    (For warranty, if original warranty is 1 year or less, they extend it by the same length).

    Thanks for your very informative post.

    Never thought of applying for a CC, but due to many Amex Statement credit deals recently, I'm thinking of applying one now.

    Do you know Smartphone screen insurance, purchase protection and extended warranty apply to a new phone (paid monthly by Amex) of 24-month phone plan?

    How easy to claim those protections/insurance? By post or online form?

    How the Amex statement credit works? will the cashback be processed straightaway or appear in the new statement cycle? (monthly or quarterly?)

    So as long as I pay back the amount of purchase within 55 days of that purchase, there will be no interest or any associated fees?

    I beleive 28 degrees card also offers very similar protections (without extended warranty) but with Price Protection? How easy to claim those protections, especially Price Protection? Does it apply to Overseas purchase like Amazon, online marketplace like eBay or Grey Import like Kogan?

    Lastly, 28 degrees card comes with Travel insurance. How good is it and how does this work? Do I have to pay my airfare by 28 degree card only? or do I have to submit any other separare applications out meet certain travel requirements to qualify for this Insurance?

    Thanks so much in advance.

    @willx: No worries, glad if I can help.

    Quoting their terms: &#03&;'Smartphone Screen Insurance of up to $500 for screen repairs to your Smartphone when you pay for your phone or contract with your Essential Credit Card&#03&;'. So, contracts are specifically covered. It is reasonable to assume purchase protection and warranty, which applies to anything else you buy, will also apply to the phone in this case.

    Claiming protections/insurances - I have yet to claim, so I don’t have any personal experience to share, as to how easy it is. The booklet says if you are unclear about anything in this document, call ACE Insurance on 1800 236 023 and they will assist with any enquiries.

    Amex statement credit – if you are talking about cashback offers (see below for reward points), basically whenever they have an offer, you can enrol your card for the offer. Once you spend the qualifying amount, usually within 5 days, the cashback appears in your account.

    Earning reward points – points from normal purchases will just accumulate in your account. It is up to you when or how you spend these points, e.g. transfer to 8 airline programs, redeem merchandise/accomodation etc, or as cashback. As cashback, you must have at least 1000 points, and can select option called ‘use points for charges’. Usually, 1000pts=$7.41 cashback. When they have bonus offers, e.g. recently with ‘shop small’ purchases, there is an additional bonus, making 1000pts=$9.63 cashback.

    Yes to your statement:

    So as long as I pay back the amount of purchase within 55 days of that purchase, there will be no interest or any associated fees?

    Comparison with 28D card - I have this as well. Both cards have pros/cons and useful for different purposes:

    • 28D is good for overseas purchases, because there is no foreign fees.
    • But it does not provide reward points.
    • Its price protection costs 0.5% of your monthly closing balance, up to a maximum of $50 a month. OZBers know of a hack to avoid paying this, by quickly paying off the purchase somehow. I have never bothered with this, so do not know the intricacies. Best if you look it up and see how they do it.
    • 28D travel insurance does not come free with card. This page, under 'Insurance Options', allows you to get a quote when you want to travel. This page also gives more details about the card.
    • Middle of this year, 28D slaps a 95c fee to BPAY your statement, which annoys a lot of people. There are ways around it, and for me, it is not a big issue. I only use it for foreign purchases anyway. You can find the discussions here.

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