American Express Cash Magnet® Card Agreement

Legal Rights & Agreement Rules · Context

Part 1 names American Express National Bank as issuer and is dated as of 06/30/2026

This Card Member Agreement (Part 1 of 3) for the American Express Cash Magnet Card states 'As of: 06/30/2026' and names American Express National Bank as the issuer. In the agreement, 'we', 'us' and 'our' mean the issuer shown on page 1 of Part 1, so the obligations and rights described as ours are those of American Express National Bank.

Supporting quotations

As of: 06/30/2026 Issuer: American Express National Bank

We, us, and our mean the issuer shown on page 1 of Part 1.

Qualifications & exceptions

• The date is labelled 'As of' and is not described in this part as an effective date for any particular Account.

Not stated here

• The saved text does not say whether or when this version takes effect for an existing Account.

Charges & Financial Obligations · Company practice

Purchase and balance transfer APRs are variable: Prime Rate plus 12.74% to Prime Rate plus 21.74%

The Rates and Fees Table lists the same variable APR range for purchases and for balance transfers: the Prime Rate plus 12.74% to the Prime Rate plus 21.74%. The balance transfer rate applies 'for any balance transfer requests we may accept', so a balance transfer is only offered if the issuer accepts the request. Both are variable APRs; see the variable-rate explanation. Interest on a balance transfer starts on the transaction date.

Supporting quotations

Annual Percentage Rate (APR) for Purchases | Prime Rate + 12.74% to Prime Rate + 21.74% This is a variable APR.

APR For Balance Transfers | Prime Rate + 12.74% to Prime Rate + 21.74% for any balance transfer requests we may accept. This is a variable APR.

We will begin charging interest on cash advances and balance transfers on the transaction date.

Qualifications & exceptions

• Balance transfers apply only to requests the issuer accepts.
• The rate is a range; the table gives no figure for any one Account.

Not stated here

• This part does not say how the margin within the 12.74% to 21.74% range is chosen for an Account.
• No dollar or percentage Daily Periodic Rate (DPR) is shown here; the published agreement lists none (see the interest-calculation cards).

Charges & Financial Obligations · Company practice

Cash advance APR is variable at Prime Rate plus 21.99%, with interest from the transaction date

Cash advances carry a single variable APR of the Prime Rate plus 21.99%. Interest on cash advances (and on balance transfers) begins on the transaction date rather than after a grace period. A cash advance includes cash equivalents such as foreign currency, money orders, digital currency, casino gaming chips and betting transactions, so those are charged at this rate as well.

Supporting quotations

APR for Cash Advances | Prime Rate + 21.99% This is a variable APR.

We will begin charging interest on cash advances and balance transfers on the transaction date.

A cash advance is a charge to get cash or cash equivalents, including travelers cheques, gift cheques, foreign currency, money orders, digital currency, casino gaming chips, race track wagers, and other offline and online betting transactions.

Qualifications & exceptions

• The definition of a cash advance sits in the Definitions paragraph of Part 2, not in the rates table.

Charges & Financial Obligations · Company practice

Variable APRs follow the Wall Street Journal Prime Rate on the Closing Date and cannot exceed 29.99%

If the Prime Rate increases, variable APRs (and their corresponding DPRs) increase, so you may pay more interest and may have a higher Minimum Payment Due. When the Prime Rate changes, the resulting change to variable APRs takes effect as of the first day of the billing period in which the Prime Rate changed. Variable APRs will not exceed 29.99%. The Prime Rate means the highest U.S. Prime Rate published in the rates section of The Wall Street Journal on the Closing Date of the billing period, which is the last day of that billing period as shown on the statement. If it was not published that day, the previous day it was published is used; if the Journal stops publishing it, the issuer may use the rate published in another newspaper of general circulation.

Supporting quotations

If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase. In that case, you may pay more interest and may have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period during which the Prime Rate has changed. Variable APRs will not exceed 29.99%.

Prime Rate means the highest U.S. Prime Rate published in the rates section of The Wall Street Journal on the Closing Date of the billing period. If The Wall Street Journal does not publish the Prime Rate on that day, we will use the Prime Rate from the previous day it was published. If The Wall Street Journal is no longer published or stops publishing the Prime Rate, we may use the Prime Rate published in another newspaper of general circulation.

The Closing Date appears on each billing statement and is the last day of the billing period covered by the billing statement.

Qualifications & exceptions

• The 29.99% ceiling is stated for 'variable APRs'; every APR in the table, including the Penalty APR, is described as a variable APR.
• The text spells out what happens when the Prime Rate increases; for any change it says the resulting APR change takes effect on the first day of that billing period.

Not stated here

• The text mentions corresponding DPRs but this part lists no DPR values.

Charges & Financial Obligations · Permission or license

A Penalty APR of Prime Rate plus 26.74% can apply to new transactions after a missed or returned payment

The issuer has the right to apply a variable Penalty APR of the Prime Rate plus 26.74% to new Transactions if you do not pay at least the Minimum Payment Due by the Payment Due Date, or your payment is returned by your bank. If it is applied, it lasts at least 6 months. The issuer reviews the Account every 6 months after applying it, and it continues until you have made timely payments with no returned payments during the 6 months being reviewed.

Supporting quotations

Penalty APR and When it Applies | Prime Rate + 26.74% This is a variable APR.

We have the right to apply the Penalty APR to new Transactions if: • you do not pay at least the Minimum Payment Due by the Payment Due Date; or • your payment is returned by your bank and we will notify you if we do.

If the penalty APR is applied, it will apply for at least 6 months. We will review your Account every 6 months after the penalty APR is applied. The penalty APR will continue to apply until you have made timely payments with no returned payments during the 6 months being reviewed.

Qualifications & exceptions

• The source says the right is to apply it to 'new Transactions'; this part does not say what happens to existing balances.
• Applying it is the issuer's right ('We have the right'), not stated as automatic.

Not stated here

• The words 'we will notify you if we do' follow the returned-payment trigger and could refer either to notice of the returned payment or notice of applying the Penalty APR; the source does not say which.
• 'Transactions' is not defined in this part.

Charges & Financial Obligations · User right or choice

Purchases accrue no interest when the entire balance is paid by the due date

The due date is at least 25 days after each billing period closes. The issuer will not charge interest on purchases if you pay your entire balance each month by the due date (or, if you have a plan outstanding, your balance adjusted for plans). The table's conditions are expressed for purchases only; cash advances and balance transfers are charged interest from the transaction date. Part 1's Grace Period section gives further detail.

Supporting quotations

Your Due Date is at least 25 days after the close of each billing period. We will not charge you interest on purchases if you pay each month your entire balance (or, if you have a plan outstanding, your balance adjusted for plans) by the due date.

Qualifications & exceptions

• Applies to purchases only.

Charges & Financial Obligations · Context

Interest uses the average daily balance method, explained in Part 2

The rates table says interest is figured with the average daily balance method (including new purchases) and points to the 'How we calculate interest' section in Part 2 for the details.

Supporting quotations

How we calculate interest: We use a method called average daily balance method (including new purchases). See the How we calculate interest section in Part 2.

Charges & Financial Obligations · Company practice

Plan It charges a monthly plan fee of up to 1.33%, a fixed finance charge in place of the purchase APR

A plan fee is a monthly fee of up to 1.33% of each purchase or amount placed into a plan. It depends on the plan duration, the APR that would otherwise apply to the purchase, and other factors, and is a fixed finance charge charged each month the plan is active. The dollar amount is disclosed before you set up a plan. Amounts in a plan are subject to the plan fee instead of the APR for purchases. The table points to the 'About Plan It Feature' passage in Part 2.

Supporting quotations

Plan Fee (Fixed Finance Charge) | A monthly fee of up to 1.33% of each purchase or amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.

This fee is a fixed finance charge that will be charged each month that a plan is active. The dollar amount of your plan fee will be disclosed before you set up a plan.

When you set up a plan, the purchases or amount will be added to a plan balance and will be subject to a plan fee instead of the APR for purchases.

Qualifications & exceptions

• The figure is a ceiling ('up to 1.33%'); the actual percentage is set per plan.

Not stated here

• The specific fee for any plan is not in the agreement; it is disclosed when the plan is set up.

Charges & Financial Obligations · Company practice

There is no annual fee, including for additional cards

The Rates and Fees Table shows an Annual Fee of 'None', and the fee explanation says the Annual Fee for Additional Cards is 'None'.

Supporting quotations

Annual Fee | None

Annual Fee: This fee is on the Rates and Fees Table on page 1 of Part 1.

Annual Fee for Additional Cards: None.

Qualifications & exceptions

• Later parts of the agreement discuss annual-fee refunds only for cases where an Annual Fee applies.

Charges & Financial Obligations · Company practice

Fees are added to the purchase balance, except balance transfer and cash advance fees

As a general rule, fees are added to the purchase balance unless the issuer says otherwise. The balance transfer fee is added to the same balance as the balance transfer, and the cash advance fee is added to the Cash Advance balance, so each is charged interest at that balance's rate.

Supporting quotations

We add fees to a purchase balance, unless we tell you otherwise.

We will add it to the same balance as the balance transfer.

We will add this fee to the Cash Advance balance.

Qualifications & exceptions

• The Plan Fee is described as a fixed finance charge and the source does not say which balance it is added to.

Charges & Financial Obligations · Company practice

Balance transfer fee: the greater of $5 or 3% of the amount, unless a promotional offer says otherwise

The fee for each balance transfer is 3% of the transfer with a minimum of $5 (the table says either $5 or 3%, whichever is greater). A different fee may apply if stated in a promotional offer or at the time of a transaction. The fee is a finance charge. A balance transfer is a charge to pay an amount you owe on another credit card account.

Supporting quotations

Transaction Fees • Balance Transfer • Cash Advance • Foreign Transaction | Either $5 or 3% of the amount of each transfer, whichever is greater.

Balance Transfer: 3% of the transaction, with a minimum of $5. A different fee may apply if stated in a promotional offer or at the time of a transaction. This fee is a finance charge.

A balance transfer is a charge to pay an amount you owe on another credit card account.

Qualifications & exceptions

• The table's fee names (Balance Transfer, Cash Advance, Foreign Transaction) and its values are in one flattened cell; values are read in the same order as the names.

Charges & Financial Obligations · Company practice

Cash advance fee: the greater of $10 or 5%, calculated including any ATM operator's fee

The fee for each cash advance is 5% of the cash advance transaction (including fees charged by the ATM operator, if any), with a minimum of $10 (the table says either $10 or 5%, whichever is greater). The fee is added to the Cash Advance balance, which is charged interest from the transaction date at the cash advance APR.

Supporting quotations

Either $10 or 5% of the amount of each cash advance, whichever is greater.

Cash Advance: 5% of the cash advance transaction (including fees charged by the ATM operator, if any), with a minimum of $10. We will add this fee to the Cash Advance balance.

Qualifications & exceptions

• What counts as a cash advance is defined in Part 2 and includes cash equivalents and betting transactions.

Charges & Financial Obligations · Company practice

Foreign transaction fee: 2.7% of the converted U.S. dollar amount of each transaction

A foreign transaction fee of 2.7% applies to each transaction after conversion to U.S. dollars. The rates section points to the 'Converting charges made in a foreign currency' passage for how conversion works.

Supporting quotations

2.7% of each transaction after conversion to US dollars.

Foreign Transaction: 2.7% of the converted U.S. dollar amount. See Converting charges made in a foreign currency in Part 2.

Qualifications & exceptions

• The passage titled 'Converting charges made in a foreign currency' appears in Part 3 of the saved text, not Part 2 as the cross-reference says.

Charges & Financial Obligations · Company practice

Penalty fees: late and returned payments up to $40 each, and no overlimit fee

The Penalty Fees row lists three fees: Late Payment up to $40, Returned Payment up to $40, and Overlimit None. The detailed late and returned payment rules are in the fee explanations.

Supporting quotations

Penalty Fees • Late Payment • Returned Payment • Overlimit | Up to $40. Up to $40. None

Qualifications & exceptions

• The row's fee names and values are in one flattened cell; values are matched to names in order.

Charges & Financial Obligations · Company practice

Late payment fee is $29 the first time and $40 if repeated within 6 billing periods

If the Minimum Payment Due is not received by its Payment Due Date, the late fee is $29. If it happens again within the next 6 billing periods, the fee is $40. A late fee on a billing statement will not exceed the Minimum Payment Due on your prior billing statement. The table summarises this as 'up to $40'.

Supporting quotations

Late Payment: Up to $40. If we do not receive the Minimum Payment Due by its Payment Due Date, the fee is $29. If this happens again within the next 6 billing periods, the fee is $40. However, the late fee on a billing statement will not exceed the Minimum Payment Due on your prior billing statement.

Charges & Financial Obligations · Company practice

Returned payment fee is $29 the first time and $40 if repeated, capped at the prior minimum payment due

If a payment you make is returned unpaid the first time it is presented to your bank, the fee is $29. If it happens again within the same billing period or the next 6 billing periods, the fee is $40. The returned payment fee on a billing statement will not exceed the applicable Minimum Payment Due on your prior billing statement. The Rates and Fees Table summarises it as 'up to $40'.

Supporting quotations

Returned Payment: Up to $40. If you make a payment that is returned unpaid the first time we present it to your bank, the fee is $29. If you do this again within the same billing period or the next 6 billing periods, the fee is $40. However, the returned payment fee on a billing statement will not exceed the applicable Minimum Payment Due on your prior billing statement.

Qualifications & exceptions

• A returned payment can also be a trigger for the Penalty APR (see the Penalty APR card).

Charges & Financial Obligations · Company practice

Returned check fee is $38, plus the unpaid amount, for checks cashed with the Card at approved locations

If you use your Card to cash a check at one of the issuer's approved locations and the check is returned unpaid, the fee is $38 and the issuer will also charge you the unpaid amount.

Supporting quotations

Returned Check: $38 if you use your card to cash a check at one of our approved locations and the check is returned unpaid. We will also charge you the unpaid amount.

Not stated here

• The source does not list the approved locations.

Charges & Financial Obligations · Company practice

Account re-opening fee is $25 after a cancelled account is re-opened at your request

If your Account is cancelled, you ask the issuer to re-open it, and it does so, the fee is $25.

Supporting quotations

Account Re-opening: $25 if your Account is cancelled, you ask us to re-open it, and we do so.

Qualifications & exceptions

• Part 3 repeats this as a fee the issuer 'may charge' if it re-opens a cancelled account at your request.

Account & Service Control · Company practice

The issuer sets your credit and cash advance limits and may raise or lower them even if you pay on time

The issuer assigns a Credit Limit and may make part of it available for cash advances (the Cash Advance Limit). There may also be a limit on ATM withdrawals in a given period. The limits are shown on page 1 of Part 1 and on each billing statement. The issuer may increase or reduce them, even if you pay on time and your Account is not in default. You agree to manage the Account so that your Account balance (including fees and interest) is not more than the Credit Limit and your cash advance balance (including fees and interest) is not more than the Cash Advance Limit.

Supporting quotations

We assign a Credit Limit to your Account. We may make part of your Credit Limit available for cash advances (Cash Advance Limit). There may also be a limit on the amount you can withdraw from ATMs in a given period.

We may increase or reduce your Credit Limit and Cash Advance Limit. We may do so even if you pay on time and your Account is not in default. You agree to manage your Account so that:

your Account balance (including fees and interest) is not more than your Credit Limit, and

your cash advance balance (including fees and interest) is not more than your Cash Advance Limit

Not stated here

• The ATM withdrawal limit amount and period are not stated in this section.

Charges & Financial Obligations · Company practice

No overlimit fee, but the issuer may ask you to promptly repay the amount over your credit limit

The overlimit fee is None. The issuer may approve charges that put the Account balance over the Credit Limit; if it does, it will not charge an overlimit fee. If it asks you to promptly pay the amount over the Credit Limit, you agree to do so. Going over the limit can still raise the Minimum Payment Due (see the Minimum Payment Due card).

Supporting quotations

Overlimit: None. See Credit Limit and Cash Advance Limit in Part 1.

We may approve charges that cause your Account balance to go over your Credit Limit. If we do this, we will not charge an overlimit fee. If we ask you to promptly pay the amount of your Account balance above your Credit Limit, you agree to do so.

Qualifications & exceptions

• The issuer may also decline charges, including when they would not cause you to go over your Credit Limit.

Charges & Financial Obligations · Restriction or exception

Person-to-person transactions are capped at $2,000 per 30 days and may be declined

Person-to-person transactions (funds sent to another person, or funds added to an Amex Send account) count as purchases under the agreement's definition. They may not exceed $2,000 within any 30-day period, and you agree to manage your Account to stay within that Person-to-Person Limit. The issuer may not approve a person-to-person transaction that would exceed the applicable limit or your Credit Limit.

Supporting quotations

Person-to-Person Limit: Your person-to-person transactions may not exceed $2,000 within any 30-day period. You agree to manage your Account so that the total of your person-to-person transactions in any 30-day period do not exceed the Person-to-Person Limit.

We may not approve a person-to-person transaction if it would cause your Account to exceed the applicable person-to-person transaction limit or your Credit Limit.

A purchase is a charge for goods, services, or person-to-person transactions.

A person-to-person transaction is a charge for funds sent to another person or a charge to add funds to your Amex Send

Qualifications & exceptions

• The rewards supplement excludes person-to-person transactions from eligible purchases (see the rewards cards).

Charges & Financial Obligations · Company practice

Minimum Payment Due: highest of three formulas plus fees, plan payments and past-due amounts, capped at New Balance

Each statement's Minimum Payment Due starts with the highest of: (1) the interest charged on the statement plus 1% of the New Balance (excluding any interest, penalty fees, overlimit amount and plan balances); (2) 2% of the New Balance (excluding any penalty fees, overlimit amount and plan balances); or (3) $40. The issuer then adds any penalty fees shown on the statement, up to 1/24th of any overlimit amount, any plan payment due and any amount past due. The Minimum Payment Due will not exceed the New Balance, and you may pay more than the minimum, up to the New Balance, at any time.

Supporting quotations

To calculate the Minimum Payment Due for each billing statement, we start with the highest of:

Interest charged on the billing statement plus 1% of the New Balance (excluding any interest, penalty fees, overlimit amount, and plan balances); or

2% of the New Balance (excluding any penalty fees, overlimit amount, and plan balances); or

$40.

Then we add any penalty fees shown on the billing statement, up to 1/24th of any overlimit amount, any plan payment due, and any amount past due.

Your Minimum Payment Due will not exceed your New Balance. You may pay more than the Minimum Payment Due, up to your New Balance, at any time.

Qualifications & exceptions

• Penalty fees, plan payments, past-due amounts and part of any overlimit amount are added on top of the highest formula result, so the Minimum Payment Due can be higher than the formula figure.

Not stated here

• 'New Balance' is not defined in this section.

Charges & Financial Obligations · Context

Worked example: a $2,900 New Balance with $29.57 interest gives a $58.27 Minimum Payment Due

The agreement's example assumes a New Balance of $2,900, interest of $29.57, and no active plans, overlimit amount, penalty fees or past-due amounts. The three formulas give $58.27 ($29.57 plus 1% of $2,900 minus $29.57), $58 (2% of $2,900) and $40. The highest is $58.27. If the account has any active plans, overlimit amount, penalty fees or past-due amounts, the Minimum Payment Due will be higher.

Details not recorded for this card

Supporting quotations

EXAMPLE: Assume that your New Balance is $2,900, interest is $29.57, and you have no active plans, overlimit amount, penalty fees, or amounts past due.

$29.57 plus 1% multiplied by ($2,900 minus $29.57) equals $58.27

$58 (2% of $2,900)

$40

The highest of 1., 2., or 3. is $58.27. If your account has any active plans, overlimit amount, penalty fees, or amounts past due, your Minimum Payment Due will be higher.

Qualifications & exceptions

• The example is illustrative and uses assumed figures.

Charges & Financial Obligations · User right or choice

Purchases carry no interest in an Interest Free Period; balance transfers and cash advances never get one

You are not charged interest on purchases while in an Interest Free Period. The account enters one when you pay the New Balance shown on your statement by the Payment Due Date, or when the account had no previous balance. When it is not in an Interest Free Period, interest on purchases is charged from the transaction date. Balance transfers and cash advances are charged interest from the transaction date and have no Interest Free Period. The section points to the 'How we calculate interest' section for how interest is figured.

Supporting quotations

You are not charged interest on purchases when you are in an Interest Free Period.

Your account enters an Interest Free Period when you pay your New Balance as shown on your statement by the Payment Due Date or your account had no previous balance.

When your account is not in an Interest Free Period, we charge interest on purchases from the date of the transaction.

Balance Transfers and Cash Advances will be charged interest from the date of the transaction and do not have an Interest Free Period.

For more details about how we calculate your interest charges, see the How we calculate interest section of this agreement.

Qualifications & exceptions

• The Rates and Fees Table phrases the purchase condition as paying your entire balance (or the balance adjusted for plans) by the due date.

Charges & Financial Obligations · Company practice

After you regain an Interest Free Period, interest from earlier in that cycle may still appear on the next statement

After your account re-enters an Interest Free Period, interest may appear on your next billing statement. That interest reflects interest charged from the beginning of that billing cycle through the date your payment was received.

Supporting quotations

After you enter an Interest Free Period again, interest may appear on your next billing statement. This reflects interest charged from the beginning of that billing cycle through the date the payment was received.

Charges & Financial Obligations · User right or choice

With an active Plan It plan, paying the balance adjusted for plans by the due date restores the Interest Free Period

If you have an active plan created through Plan It, you can enter an Interest Free Period by paying at least the Balance Adjusted for Plans (also called the Adjusted Balance) by the Payment Due Date, rather than the full New Balance.

Supporting quotations

If you have an active plan created through Plan It, you can enter an Interest Free Period by paying at least the Balance Adjusted for Plans (or Adjusted Balance) by the Payment Due Date.

Legal Rights & Agreement Rules · Context

The Card Member Agreement is Parts 1, 2 and 3 plus any supplements or amendments; you can request a copy

Part 1, Part 2, Part 3 and any supplements or amendments make up the Card Member Agreement. You can request a copy through your online account or by calling the number on the back of your Card.

Supporting quotations

Part 1, Part 2, Part 3 and any supplements or amendments make up your Card Member Agreement. You can request a copy of your Card Member Agreement through your online account or by calling the number on the back of your Card.

Charges & Financial Obligations · Company commitment

Earn 1.5% in reward dollars on eligible purchases for personal, family or household use

You earn reward dollars at 1.5 percent of the dollar amount of eligible purchases in each billing period. Eligible purchases are purchases made on the Card for goods and services minus returns and other credits. They do not include fees or interest charges, balance transfers, cash advances, purchases of traveler's checks, purchases or reloading of prepaid cards, purchases of any cash equivalents (including gift cards), or person-to-person transactions. Rewards are given only for eligible purchases for personal, family or household use. The supplement points to americanexpress.com/rewards-info for more information about rewards.

Supporting quotations

You will earn a reward of 1.5 percent on your eligible purchases. Eligible purchases are purchases made on your Card for goods and services minus returns and other credits. Eligible purchases do NOT include: fees or interest charges, balance transfers, cash advances, purchases of traveler's checks, purchases or reloading of prepaid cards, purchases of any cash equivalents, including gift cards, or person-to-person transactions.

You will only receive rewards for eligible purchases for personal, family or household use.

Please visit americanexpress.com/rewards-info for more information about rewards.

A purchase is a charge for goods, services, or person-to-person transactions.

Qualifications & exceptions

• The agreement's general definition of a purchase includes person-to-person transactions, but this supplement expressly excludes them from eligible purchases.
• The earning terms are conditioned on paying the Minimum Payment Due on time (see the next card).

Not stated here

• The americanexpress.com/rewards-info page is not part of the supplied text, so any terms there are unknown.

Charges & Financial Obligations · Restriction or exception

No reward dollars for a billing period if the Minimum Payment Due is not paid by its due date

You do not earn reward dollars on eligible purchases posted during a billing period if the Minimum Payment Due shown on that period's statement is not paid by the Payment Due Date shown on that statement.

Supporting quotations

You will not earn reward dollars for eligible purchases posted to your Card Account during a billing period if the Minimum Payment Due shown on the statement for that billing period is not paid by the Payment Due Date shown on that statement.

Charges & Financial Obligations · Company practice

Credits reduce reward dollars, and the Reward Dollars Summary on a statement is only informational

Credits for eligible purchases reduce the reward dollars you earn. The Reward Dollars Summary on the billing statement is only for information and does not show the reward dollars you may actually be entitled to receive; a credit can lower the figure shown, and if credits put eligible purchases in a negative status the summary shows a negative balance until new eligible purchases exceed the negative amount.

Supporting quotations

Credits for eligible purchases will reduce the number of reward dollars you earn.

The reward dollars shown on your billing statement under the heading Reward Dollars Summary is only for informational purposes. It does not show the actual reward dollars that you may be entitled to receive.

Charges & Financial Obligations · User right or choice

Redeem reward dollars for statement credits at $1 each, with no minimum, but not as cash

Reward dollars can be redeemed for statement credits with no minimum amount. The credit appears on the Card Account within 3 days and applies to the billing period in which it appears. Each reward dollar redeems for a $1 statement credit, and partial reward dollars receive an equivalent credit (for example, 32.11 reward dollars give a $32.11 credit). Redeemed reward dollars cannot be used to pay the Minimum Payment Due. The issuer may at its option offer other ways to redeem, such as gift cards or merchandise. Reward dollars are redeemable for rewards as described, and are not cash.

Supporting quotations

You can redeem reward dollars for statement credits with no minimum redemption amount. The statement credit will appear on your Card Account within 3 days and will apply to the billing period in which it appears. Reward dollars redeemed for a statement credit cannot be used to pay your Minimum Payment Due. Redemption will be in the form of a statement credit of $1 for every reward dollar redeemed.

From time to time we may, at our option, offer you other ways to redeem reward dollars, such as for gift cards or merchandise.

Reward dollars are redeemable for rewards as described above, they are not cash.

Qualifications & exceptions

• Other redemption options are at the issuer's option and not guaranteed.

Charges & Financial Obligations · Restriction or exception

Reward dollars cannot be redeemed if the account is cancelled or past due, with New York exceptions

You cannot redeem reward dollars if your Card Account is cancelled or past due. New York Card Members (those whose Card Account has a New York billing address) can redeem while the account is past due, but must call the number on the back of the Card; they cannot redeem in the online Account or mobile application in that case.

Supporting quotations

You cannot redeem reward dollars if your Card Account is cancelled or past due.

New York Card Members can also redeem reward dollars while their Card Account is past due. You must call the number on the back of your Card to redeem after notification of account cancellation or while your account is past due. You will not be able to redeem in your online Account or mobile application. You are a New York Card Member if your Card Account has a New York billing address.

Qualifications & exceptions

• For cancelled accounts, see the forfeiture card for the New York 90-day redemption period.

Charges & Financial Obligations · Restriction or exception

Cancelling the account for any reason forfeits all reward dollars, but New York Card Members get 90 days to redeem

You forfeit your entire reward dollar balance if your Card Account is cancelled for any reason. New York Card Members receive 90 days from notification of the cancellation to redeem reward dollars, and must call the number on the back of the Card to redeem after notification of cancellation. A New York Card Member is one whose Card Account has a New York billing address.

Supporting quotations

You will forfeit your entire reward dollar balance if your Card Account is cancelled for any reason.

New York Card Members receive 90 days to redeem reward dollars from notification of the cancellation of your Card Account. You are a New York Card Member if your Card Account has a New York billing address.

New York Card Members receive 90 days to redeem reward dollars from notification of the cancellation of your Card Account.

Qualifications & exceptions

• The general forfeiture statement does not itself mention the New York 90-day period; that comes from the New York-only paragraphs.

Not stated here

• The text does not say how the issuer notifies a Card Member of cancellation.

Charges & Financial Obligations · Permission or license

The issuer may change the reward program at its discretion, and abuse can forfeit accrued reward dollars

The issuer may change the terms of the reward program at its discretion. If you violate or abuse the program, you may forfeit some or all of your accrued reward dollars. The supplement is part of the Agreement, which the issuer may change subject to applicable law.

Supporting quotations

We may change the terms of this program at our discretion. If you violate or abuse this program, you may forfeit some or all of your accrued reward dollars.

We may change this Agreement, subject to applicable law.

Any supplements or amendments are also part of the Agreement.

Not stated here

• The text does not define 'violate or abuse' the program or say how notice of changes is given in this supplement.

Legal Rights & Agreement Rules · Context

Using the Account, or signing or keeping the Card, accepts the Agreement; you can cancel before use

The Card Member Agreement is Part 1, this Part 2, Part 3 and any supplements or amendments. When you use the Account (or you sign or keep the Card), you agree to its terms. If you have not yet used the Account or made a payment on the Account after receiving a billing statement, you can cancel your Card without obligation to pay any fees. You can request a copy of the Agreement through your online account or by phone.

Supporting quotations

Your Card Member Agreement: This document together with Part 1 and Part 3 make up the Card Member Agreement (Agreement) for the Account identified on page 1 of Part 1. Any supplements or amendments are also part of the Agreement. When you use the Account (or you sign or keep the Card), you agree to the terms of the Agreement. If you have not yet used the Account or made a payment on the Account after receiving a billing statement, you can cancel your Card without obligation to pay any fees.

You can request a copy of your Card Member Agreement through your online account or by calling the number on the back of your Card.

Qualifications & exceptions

• The cancellation right as written depends on not having used the Account or made a payment after receiving a billing statement.

Not stated here

• The source does not say what counts as 'use' of the Account beyond the wording quoted, or how the cancellation is to be made.

Legal Rights & Agreement Rules · Permission or license

The issuer may change the Agreement subject to applicable law; the written Agreement cannot be changed orally

The issuer may change the Agreement, subject to applicable law. The written Agreement is the final expression of the agreement governing the Account and cannot be modified or amended by any alleged oral agreement.

Supporting quotations

Changing the Agreement: We may change this Agreement, subject to applicable law. This written Agreement is a final expression of the agreement governing the Account. The written Agreement may not be modified or amended by any alleged oral agreement.

Not stated here

• This section does not say how or when notice of a change is given; Part 3 describes how notices are sent.

Charges & Financial Obligations · Context

A cash advance covers cash equivalents such as foreign currency, digital currency, casino chips and betting

A cash advance is a charge to get cash or cash equivalents, including travelers cheques, gift cheques, foreign currency, money orders, digital currency, casino gaming chips, race track wagers, and other offline and online betting transactions. Cash advance rates, fees and balance rules apply to these charges, and they have no Interest Free Period.

Supporting quotations

A cash advance is a charge to get cash or cash equivalents, including travelers cheques, gift cheques, foreign currency, money orders, digital currency, casino gaming chips, race track wagers, and other offline and online betting transactions.

Qualifications & exceptions

• The cash advance rate, fee and interest rules are in Part 1; this card only records what the definition covers.

Legal Rights & Agreement Rules · Context

Key defined terms: charge, purchase, balance transfer, person-to-person transaction, plan and who 'you' is

'You' means the person who applied for the Account and for whom it was opened (the Basic or Primary Card Member); an Additional Card Member may be given a Card on request. A charge is any amount added to the Account, including purchases, cash advances, balance transfers, fees and interest. A purchase is a charge for goods, services or person-to-person transactions. A balance transfer is a charge to pay an amount you owe on another credit card account. A person-to-person transaction is a charge for funds sent to another person or to add funds to an Amex Send account. A plan is a portion of the balance you select to pay over time in a set number of monthly payments using Plan It.

Supporting quotations

You and your mean the person who applied for this Account and for whom we opened the Account. We will refer to you as either the Basic or Primary Card Member. You may request a Card for an Additional Card Member.

A charge is any amount added to your Account, such as purchases, cash advances, balance transfers, fees, and interest charges. A purchase is a charge for goods, services, or person-to-person transactions. A cash advance is a charge to get cash

A balance transfer is a charge to pay an amount you owe on another credit card account.

A plan is a portion of your account balance that you have selected to pay over time through a set number of monthly payments using Plan It.

Charges & Financial Obligations · Context

A payment counts as made 'by' a date only if it is received and credited by that date

'To pay by a certain date' means to send the payment so that the issuer receives it and credits it to the Account by that date. The Closing Date, shown on each billing statement, is the last day of the billing period the statement covers.

Supporting quotations

To pay by a certain date means to send your payment so that we receive it and credit it to your Account by that date. The Closing Date appears on each billing statement and is the last day of the billing period covered by the billing statement.

Qualifications & exceptions

• Part 2's payment section sets the cut-off time and crediting rules for payments; this card records only the definition.

Account & Service Control · Restriction or exception

Plans, cash advances and balance transfers are at the issuer's discretion; use is for personal purposes only

You may use the Card to make charges. At the issuer's discretion, it may permit you to create plans, make cash advances or make balance transfers. You cannot transfer balances from any other account issued by the issuer or its affiliates. You agree to use the Card for personal, family or household purposes only.

Supporting quotations

Using the Card: You may use the Card to make charges. At our discretion, we may permit you to create plans, make cash advances or balance transfers. You cannot transfer balances from any other account issued by us or our affiliates. You agree to use the Card for personal, family, or household purposes only.

Sharing & Disclosure · Permission or license

Merchants you authorise may store your Card details, and the issuer may share updated Card or Account status with them

You may arrange for certain merchants and third parties to store your Card number and expiration date, for example so a merchant can charge your Account at regular intervals. The issuer may (but is not required to) tell those merchants and third parties if your expiration date or Card number changes or if your Account status is updated, including if the Account is cancelled. If you do not want the issuer to share updated Account information, you can contact it using the number on the back of the Card.

Supporting quotations

You may arrange for certain merchants and third parties to store your Card number and expiration date, so that, for example the merchant may charge your Account at regular intervals; or you may make charges using that stored Card information. We may (but are not required to) tell these merchants and third parties if your expiration date or Card number changes or if your Account status is updated, including if your Account is cancelled. If you do not want us to share your updated Account information, please contact us using the number on the back of your Card.

Not stated here

• The source does not name which merchants or third parties may be told.

Security & Safeguards · Restriction or exception

Keep your Card safe, report loss or unauthorised use right away, and do not use the Account for illegal activities

You must keep your Card safe and not let anyone else use it. If the Card is lost or stolen or the Account is being used without permission, contact the issuer right away. You may not use your Account for illegal activities.

Supporting quotations

Keep your Card safe and don't let anyone else use it. If your Card is lost or stolen or your Account is being used without your permission, contact us right away. You may not use your Account for illegal activities.

Not stated here

• This section does not state any limit on your liability for unauthorised use.

Account & Service Control · Restriction or exception

The issuer may decline a charge, including for suspected fraud or credit assessment, and is not responsible for losses

The issuer may decline to authorise a charge for various reasons, including if it suspects fraud or based on its assessment of your creditworthiness, even if the charge would not take you over your Credit Limit and even if your Account is not in default. It is not responsible for losses you incur if it does not authorise a charge or if a merchant refuses the Card.

Supporting quotations

Declined transactions: We may decline to authorize a charge for various reasons, including if we suspect fraud or based on our assessment of your creditworthiness, even if the charge would not cause you to go over your Credit Limit and even if your Account is not in default. We are not responsible for any losses you incur if we do not authorize a charge or if any merchant refuses to accept the Card.

Charges & Financial Obligations · Company practice

Plan It may be offered to spread qualifying purchases over set monthly payments for a plan fee

The issuer may offer Plan It, which lets you create a payment plan for qualifying purchases or a qualifying amount, subject to a plan fee that is a fixed finance charge charged each month a plan is active. You select the qualifying purchases or amount and a plan duration and can see the monthly plan payments, including the plan fee, before creating the plan. Each plan fee is disclosed before you create the plan and is based on the plan duration, the APR that would otherwise apply to the purchase amount, and other factors. Amounts placed in a plan go into a plan balance and bear the plan fee instead of the APR for purchases.

Supporting quotations

About Plan It: We may offer you Plan It, which allows you to create a payment plan for qualifying purchases or a qualifying amount, subject to a plan fee. This fee is a fixed finance charge that will be charged each month that a plan is active.

You may use this feature by selecting qualifying purchases or a qualifying amount and a plan duration. You will be able to view the monthly plan payments, including the plan fee, for your selection. Each plan fee will be disclosed before you create the applicable plan and will be based on the plan duration, the APR that would otherwise apply to the purchase amount(s), and other factors. When you set up a plan, the purchases or amount will be added to a plan balance and will be subject to a plan fee instead of the APR for purchases.

Qualifications & exceptions

• Plan availability, durations and eligibility depend on factors the issuer sets (see the plan eligibility card).

Charges & Financial Obligations · Restriction or exception

Plan It covers purchases above a set amount, but not cash, balance transfers, foreign-fee purchases or fees

A qualifying purchase for Plan It is a purchase of at least a specified dollar amount. A qualifying amount is a specified portion of your balance. Qualifying purchases (or a qualifying amount, if you have a Card with a Credit Limit) do not include purchases of cash or cash equivalents, balance transfers (if offered), purchases subject to Foreign Transaction Fees, or any fee owed to the issuer, such as Annual Fees.

Supporting quotations

A qualifying purchase for Plan It is a purchase of at least a specified dollar amount. A qualifying amount for Plan It is a specified portion of your balance. Qualifying purchases (or a qualifying amount, if you have a Card with a Credit Limit) do not include purchases of cash or cash equivalents, balance transfers (if offered), purchases subject to Foreign Transaction Fees, or any fee owed to us, such as Annual Fees.

Not stated here

• The specified dollar amount and portion of balance are not stated in the agreement.

Charges & Financial Obligations · Restriction or exception

Plan creation depends on creditworthiness and account status, and the issuer sets plan counts and durations

Your ability to create plans depends on factors such as your creditworthiness and Credit Limit. You cannot create plans if your Account is cancelled, or if one or more of your American Express accounts is enrolled in a payment program, has a payment returned unpaid, or is past due. The issuer tells you how many active plans you may have and may change that number at any time. Plan durations offered, and whether several qualifying purchases or amounts can be combined in one plan, are at the issuer's discretion. You agree to manage the Account so that total plan balances (including plan fees) are not more than the Credit Limit.

Supporting quotations

Your ability to create plans will be based on a variety of factors such as your creditworthiness and your Credit Limit. You will not be able to create plans if your Account is cancelled. You will also not be able to create plans if one or more of your American Express accounts is enrolled in a payment program, or has a payment that is returned unpaid, or is past due. We will tell you the number of active plans you may have and we may change this number at any time. The plan durations offered to you, and your ability to include multiple qualifying purchases or a qualifying amount in a single plan, will be at our discretion and will be based on a variety of factors such as your creditworthiness, the purchase amount(s), and your Account history. You agree to manage your Account so that the total of your plan balances (including plan fees) is not more than your Credit Limit.

Qualifications & exceptions

• The account-status conditions refer to any of your American Express accounts, not only this Card Account.

Not stated here

• The number of active plans allowed and the durations offered are not stated in the agreement.

Charges & Financial Obligations · User right or choice

Plans cannot be cancelled once created, but paying the New Balance in full ends future plan fees

A plan cannot be cancelled after it is created. You can pay a plan early by paying the New Balance shown on your most recent billing statement in full, and if you pay a plan off early you will not incur future plan fees on that plan.

Supporting quotations

Plans cannot be cancelled after they have been created but you can choose to pay them early by paying the New Balance shown on your most recent billing statement in full. If you pay a plan off early, you will not incur any future plan fees on that plan.

Charges & Financial Obligations · Restriction or exception

You promise to pay all charges, including Additional Card Members', and at least the Minimum Payment Due by its due date

You promise to pay all charges added to the Account, including charges made or permitted by you or your Additional Card Members, even if the Card is not presented or signed for. You must pay at least the Minimum Payment Due on or before the Payment Due Date, in the time and manner shown on each statement. Paying 'by' a date means the issuer receives it and credits it to the Account by that date. You are responsible for all use of the Account by Additional Card Members and anyone they allow to use it.

Supporting quotations

Promise to pay: You promise to pay all charges added to your Account, including charges that you or your Additional Card Members make, or permit others to make, even if you or they do not present the Card or sign for the transaction. When you must pay: You must pay at least the Minimum Payment Due on or before the Payment Due Date in the time and manner shown on each billing statement.

To pay by a certain date means to send your payment so that we receive it and credit it to your Account by that date.

You are responsible for all use of your Account by Additional Card Members and anyone they allow to use your Account and you must pay for all charges made.

Charges & Financial Obligations · Procedure

Pay in U.S. dollars by single check, negotiable instrument or electronic payment; mailed payments need coupon details

Payments must be made in U.S. dollars by a single check drawn on a U.S. bank, a single negotiable instrument clearable through the U.S. banking system (for example a money order), or an electronic payment that can be cleared through the U.S. banking system. When paying by mail, make a separate payment for each Account, mail it to the address on the payment coupon on the statement, and write the Account number on the check or negotiable instrument and include the payment coupon.

Supporting quotations

How to make payments: Make payments to us in U.S. dollars with:

a single check drawn on a U.S. bank, or

a single negotiable instrument clearable through the U.S. banking system, for example a money order, or

an electronic payment that can be cleared through the U.S. banking system.

When making a payment by mail:

make a separate payment for each Account,

mail your payment to the address shown on the payment coupon on your billing statement, and

write your Account number on your check or negotiable instrument and include the payment coupon.

Charges & Financial Obligations · Company practice

Payments that meet the requirements are credited the day received; others may be delayed, causing late fees and interest

If a payment meets the requirements, the issuer credits it to the Account as of the day it is received, as long as it is received by the time and in the manner disclosed in the statement; if it arrives after that time, it is credited the day after. If a payment does not meet the requirements, crediting may be delayed, which may result in late payment fees and additional interest charges.

Supporting quotations

If your payment meets the above requirements, we will credit it to your Account as of the day we receive it, as long as we receive it by the time and in the manner disclosed in your billing statement. If we receive it after that time, we will credit the payment on the day after we receive it.

If your payment does not meet the above requirements, there may be a delay in crediting your Account. This may result in late payment fees and additional interest charges (see the How Rates and Fees Work in Part 1).

Not stated here

• The cut-off time for same-day crediting is on the billing statement and is not stated in the agreement.

Charges & Financial Obligations · Restriction or exception

Foreign-currency and non-U.S. bank payments are refused; taking a late or partial payment waives no rights

The issuer will not accept a payment made in a foreign currency or drawn on an account at a bank outside the U.S. If it processes a late payment, a partial payment, or a payment marked with any restrictive language, that has no effect on its rights and does not change the Agreement.

Supporting quotations

We will not accept a payment made in a foreign currency or a payment drawn on an account at a bank located outside of the U.S. If we process a late payment, a partial payment, or a payment marked with any restrictive language, that will have no effect on our rights and will not change this Agreement.

Charges & Financial Obligations · Company practice

Payments cover the plan amounts and lowest-rate balance first up to the minimum, then the highest-rate balance

Where the Account has balances at different interest rates, plan balances or plan fees, payments are generally applied as follows. Up to the Minimum Payment Due, payment goes first to any plan amounts included in the Minimum Payment Due, then to the balance subject to the lowest interest rate, then to balances subject to higher rates. After the Minimum Payment Due is paid, payment goes to the balance subject to the highest interest rate, then to lower-rate balances, and then to any plan balances.

Supporting quotations

How we apply payments and credits: Your Account may have balances with different interest rates. For example, purchases may have a lower interest rate than cash advances. Your Account may also have Plan balances which are assessed Plan fees. If your Account has balances with different interest rates, Plan balances, or Plan fees, here is how we generally apply payments in a billing period:

We apply your payments, up to the Minimum Payment Due, first to any Plan amounts included in your Minimum Payment Due, then to the balance subject to the lowest interest rate, and then to balances subject to higher interest rates.

After the Minimum Payment Due has been paid, we apply your payments to the balance subject to the highest interest rate, then to balances subject to lower interest rates, and then to any Plan balances.

Qualifications & exceptions

• The source says this is how payments are 'generally' applied.

Charges & Financial Obligations · Company practice

Credits usually go to the balance of the related charge; the issuer picks the order within balances of equal rate

In most cases a credit is applied to the same balance as the related charge, for example a purchase credit to the purchase balance. The issuer may apply payments and credits within balances, and among balances with the same interest rate, in any order it chooses. A negative balance at the end of a billing period is redistributed to other balances under the payment rules, which in some cases means plan balances get paid before they otherwise would. If you receive a credit for a purchase placed into a plan, you must call the number on the back of your Card to have the credit applied to the plan balance.

Supporting quotations

In most cases, we apply a credit to the same balance as the related charge. For example, we apply a credit for a purchase to the purchase balance. We may apply payments and credits within balances, and among balances with the same interest rate, in any order we choose. If there is a negative balance in any balance on the account at the end of a billing period, that excess credit will be redistributed to other balances in accordance with how we apply payments described above. This means that in certain circumstances, Plan balances may get paid before they otherwise would. If you receive a credit for a purchase placed into a plan, you must call us at the number on the back of your Card to have the credit applied to the Plan balance.

Charges & Financial Obligations · Company practice

Interest is figured separately on each balance by the average daily balance method, including new transactions

The issuer figures interest for a billing period on each balance separately; different categories of transactions, such as purchases and cash advances, and balances within a category may have different interest rates. It uses the Average Daily Balance method (including new transactions) for each balance, and the total interest for the billing period is the sum of the interest on each balance. The average daily balance for a balance is the sum of its daily balances divided by the number of days in the billing period.

Supporting quotations

We calculate interest for a billing period by first figuring the interest on each balance. Different categories of transactions--such as purchases and cash advances--may have different interest rates. Balances within each category may also have different interest rates.

We use the Average Daily Balance method (including new transactions) to figure interest charges for each balance. The total interest charged for a billing period is the sum of the interest charged on each balance.

ADB: To get the ADB for a balance, we add up its daily balances. Then we divide the result by the number of days in the billing period.

Charges & Financial Obligations · Company practice

Interest on a balance is its average daily balance times its daily periodic rate times the days in the period

Apart from rounding, the interest on a balance in a billing period equals its Average Daily Balance multiplied by its Daily Periodic Rate (DPR) multiplied by the number of days in the billing period. A DPR is 1/365th of an APR, rounded to one ten-thousandth of a percentage point. The agreement says 'Your DPRs are shown in How Rates and Fees Work in Part 1'; see the DPR card for what the published agreement shows.

Supporting quotations

Interest: The interest charged for a balance in a billing period, except for variations caused by rounding, equals:

Average Daily Balance (ADB) multiplied by

Daily Periodic Rate (DPR) multiplied by

number of days in the billing period.

DPR: A DPR is 1/365th of an APR, rounded to one ten-thousandth of a percentage point.

Charges & Financial Obligations · Context

A DPR is 1/365th of an APR; the agreement says Part 1 shows your DPRs, but its Part 1 lists no DPR values

The agreement defines a Daily Periodic Rate (DPR) as 1/365th of an APR, rounded to one ten-thousandth of a percentage point, and says 'Your DPRs are shown in How Rates and Fees Work in Part 1.' The published Card Member Agreement does not list any DPR: its How Rates and Fees Work section holds the Explanation of Variable Rates, Determining the Prime Rate and Fees, and the Rates and Fees Table gives APRs as the Prime Rate plus a margin (some as a range) with no DPR values. This analysis does not compute DPR values from the APRs or take them from another agreement or a Card Member's personal Part 1.

Supporting quotations

DPR: A DPR is 1/365th of an APR, rounded to one ten-thousandth of a percentage point. Your DPRs are shown in How Rates and Fees Work in Part 1.

If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase.

How Rates and Fees Work

Determining the Prime Rate: Prime Rate means the highest U.S. Prime Rate published in the rates section of The Wall Street Journal

Not stated here

• The DPR values for this Account are not in the published agreement; they may be shown in an individual Card Member's own Part 1, which is not supplied here.

Charges & Financial Obligations · Context

Worked example: a 15.99% rate, $2,250 average daily balance and 30 days gives $29.57 of interest

The agreement's example assumes a single interest rate of 15.99%, an average daily balance of $2,250 and 30 days in the billing period. The DPR is 15.99% divided by 365, or 0.0438%, and the interest is $2,250 multiplied by 0.0438% multiplied by 30 days, which equals $29.57.

Supporting quotations

Assume that you have a single interest rate of 15.99%, your ADB is $2,250 and there are 30 days in the billing period. The DPR is 15.99% divided by 365 days equals 0.0438%

The Interest is $2,250 multiplied by 0.0438% multiplied by 30 days equals $29.57

Qualifications & exceptions

• The 15.99% rate and the other figures are assumptions for illustration; they are not this Card's rates.

Charges & Financial Obligations · Company practice

The daily balance adds new charges on their transaction date, and interest compounds daily

The issuer figures each balance's daily balance by taking the beginning balance for the day, adding any new charges, subtracting any payments or credits and making any appropriate adjustments. A new charge is added as of its transaction date, and a negative daily balance is treated as zero. On the first day of a billing period the beginning balance is the prior period's ending balance, including unpaid interest. For the rest of the period it is the previous day's daily balance plus interest equal to that daily balance multiplied by the DPR for that balance, which the agreement says results in daily compounding of interest.

Supporting quotations

Daily Balance: We figure the daily balance for each balance by:

taking the beginning balance for the day,

adding any new charges,

subtracting any payments or credits; and

making any appropriate adjustments.

We add a new charge to a daily balance as of its transaction date. If the daily balance is negative, we treat it as zero. Beginning balance: For the first day of a billing period, the beginning balance is the ending balance for the prior billing period, including unpaid interest. For the rest of the billing period, the beginning balance is the previous day's daily balance plus an amount of interest equal to the previous day's daily balance multiplied by the DPR for that balance. This method of figuring the beginning balance results in daily compounding of interest.

Not stated here

• 'Appropriate adjustments' is not defined.

Charges & Financial Obligations · Permission or license

The issuer may use other equivalent interest methods and may choose not to charge interest on certain charges

To figure the average daily balance and interest charges, the issuer may use other formulas or methods that produce equivalent results. It may also choose not to charge interest on certain types of charges.

Supporting quotations

Other methods: To figure the ADB and interest charges, we may use other formulas or methods that produce equivalent results. Also, we may choose not to charge interest on certain types of charges.

Not stated here

• The source does not say which types of charges may be treated this way.

Legal Rights & Agreement Rules · Context

Federal law limits the cost of consumer credit to Armed Forces members and dependents to a 36 percent annual rate

The agreement states that federal law protects members of the Armed Forces and their dependents. In general, the cost of consumer credit to such a person may not exceed an annual percentage rate of 36 percent, and that rate must include, as applicable to the transaction or Account, credit insurance premiums, fees for ancillary products sold in connection with the credit, any application fee (other than certain application fees) and any participation fee (other than certain participation fees for a credit Card Account).

Supporting quotations

Military Lending Act: Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or Account: the costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or Accounts); and any participation fee (other than certain participation fees for a credit Card Account).

Not stated here

• The agreement does not say which specific rates or fees on this Account the 36 percent limit would affect.

Legal Rights & Agreement Rules · Restriction or exception

Military Lending Act covered borrowers are outside the arbitration provision, though they may elect arbitration

The issuer provides a phone number (855-531-0379) for hearing the Military Lending Act statement and a description of your payment obligation. If you are a covered borrower under the Military Lending Act, the Arbitration provision of the Claims Resolution section will not apply to you in connection with this Account. The next sentence adds 'However, if you elect arbitration, we will comply with our obligations under the Claims Resolution section of this Agreement.' The text does not say in so many words whether the issuer may itself require arbitration of a covered borrower's claim, and this analysis does not infer that.

Supporting quotations

To listen to this statement, as well as a description of your payment obligation for this Account, call us at 855-531-0379. If you are a covered borrower under the Military Lending Act, the Arbitration provision of the Claims Resolution section of this Agreement will not apply to you in connection with this Account. However, if you elect arbitration, we will comply with our obligations under the Claims Resolution section of this Agreement.

Qualifications & exceptions

• The arbitration terms themselves are in the Claims Resolution section.

Not stated here

• Whether the issuer may require arbitration against a covered borrower is not stated; the source says the Arbitration provision 'will not apply to you' and separately that the issuer will comply if you elect arbitration.

Account & Service Control · Permission or license

Additional Cards can be issued on request; their use is subject to the Agreement and may be reported to credit bureaus

The issuer may issue additional Cards on your Account at your request. Additional Card Members can use your Account subject to the terms of the Agreement, and the issuer may report their use of the Account to credit reporting agencies. The Annual Fee for Additional Cards in the Rates and Fees Table is None; this section says that if an Annual Fee applies to Additional Cards it is shown on page 2 of Part 1.

Supporting quotations

Additional Card Members: We may issue additional Cards on your Account at your request. Additional Card Members can use your Account subject to the terms of this Agreement and we may report their use of your Account to credit reporting agencies. If an Annual Fee applies to Additional Cards on your Account, it is shown on page 2 of Part 1 of this Agreement.

You may request a Card for an Additional Card Member.

Qualifications & exceptions

• The annual-fee sentence is conditional ('If an Annual Fee applies'); Part 1 lists no annual fee for Additional Cards.

Account & Service Control · Company practice

You are responsible for all use by Additional Card Members and may cancel their ability to use the Account

You are responsible for all use of your Account by Additional Card Members and anyone they allow to use it, and you must pay for all charges made. You authorise the issuer to give Additional Card Members information about your Account and discuss it with them. You can contact the issuer to cancel an Additional Card Member's ability to use the Account. If an Annual Fee applies for an Additional Card, the refund policy is in the Closing or suspending your Account sub-section of Part 3, and for a single fee covering a group of Additional Cards the policy applies when you cancel the card on which the fee was assessed.

Supporting quotations

You are responsible for all use of your Account by Additional Card Members and anyone they allow to use your Account and you must pay for all charges made. You also authorize us to give Additional Card Members information about your Account and to discuss it with them. Contact us if you want to cancel an Additional Card Member's ability to use your Account.

If an Annual Fee applies for an Additional Card, please refer to the refund policy disclosed in the Closing or suspending your Account sub-section of Part 3 of this Agreement. If a single Annual Fee applies for a group of Additional Cards on your Account, this policy will apply when you cancel the Additional Card on which the fee was assessed.

Account & Service Control · Company practice

Notices are sent by mail, courier or electronically and count as given when mailed or delivered electronically

The issuer sends notices by U.S. mail, courier, or electronically using the information in its records. It considers a notice given when it mails it or delivers it electronically.

Supporting quotations

Sending you notices: We send notices by U.S. mail, courier, or electronically using the information in our records. We consider a notice given when we mail it or deliver it electronically.

Qualifications & exceptions

• A notice counts as given on mailing or electronic delivery, not on receipt.

Account & Service Control · Permission or license

You authorise the issuer, its affiliates and agents to contact you by any method, including automated dialers

To service your account or collect amounts you owe, you authorise the issuer and its affiliates, agents and contractors (such as debt collection agencies and service providers) to contact you at any phone number or email address you provide, from which you contact the issuer, or at which it believes it can reach you. Contact may be by calling, texting, emailing, mobile application push notifications or any other permitted method, using an automated dialer or prerecorded messages, and on a mobile, wireless or similar device even if you are charged for it.

Supporting quotations

Servicing and Collections: If we need to contact you to service your account or to collect amounts you owe, you authorize us (and our affiliates, agents and contractors, such as debt collection agencies and service providers) to contact you at any phone number or email address you provide, from which you contact us, or at which we believe we can reach you. We may contact you in any way, such as calling, texting, emailing, sending mobile application push notifications or using any other method of communication permitted by law. We may contact you using an automated dialer or prerecorded messages. We may contact you on a mobile, wireless or similar device, even if you are charged for it.

Not stated here

• The source does not describe any way to withdraw this authorisation.

Data Access & Collection · Permission or license

The issuer may monitor and record calls between you and it

The issuer may monitor and record any calls between you and the issuer.

Supporting quotations

Call monitoring: We may monitor and record any calls between you and us.

Not stated here

• The source gives no purpose, retention period or notice mechanism for recorded calls.

Account & Service Control · Restriction or exception

You must notify the issuer immediately of address, email or phone changes, separately for each Account

You must notify the issuer immediately if you change your mailing address, email address or telephone number. If you have more than one Account, you must notify it separately for each Account. The issuer may update your billing address if it receives information that it has changed or is incorrect.

Supporting quotations

Changing your contact information: You must notify us immediately if you change your mailing address, email address, or telephone number. If you have more than one Account, you need to notify us separately for each Account. We may update your billing address if we receive information that it has changed or is incorrect.

Legal Rights & Agreement Rules · Company practice

If the issuer credits a disputed charge, you transfer your claims against the merchant to it and may not pursue them

If you dispute a charge with a merchant, the issuer may credit the Account for all or part of the disputed charge. If it does, you assign and transfer to the issuer all rights and claims (excluding tort claims) against the merchant, agree not to pursue any claim against the merchant for the credited amount, and must cooperate if the issuer decides to pursue it.

Supporting quotations

Disputed charges: If you dispute a charge with a merchant, we may credit the Account for all or part of the disputed charge. If we do so, you assign and transfer to us all rights and claims (excluding tort claims) against the merchant. You agree that you will not pursue any claim against the merchant for the credited amount. And you must cooperate with us if we decide to do so.

Qualifications & exceptions

• Tort claims are excluded from the assignment.

Not stated here

• This section does not set out the process for disputing a charge or when a credit will be given.

Data Access & Collection · Company practice

The issuer obtains credit reports on you, may use them for any purpose subject to law, and reports your account

You agree the issuer will obtain credit reports about you, investigate your ability to pay, and obtain information about you from other sources, including to verify and re-verify your employment and income. You agree it will use that information for any purposes (for example marketing to you or evaluating you for a new account), subject to applicable law. You agree it will give information about the Account to credit reporting agencies, and it will tell a credit reporting agency if you fail to comply with the Agreement, which may negatively affect your credit report.

Supporting quotations

Credit reports: You agree that we will obtain credit reports about you, investigate your ability to pay, and obtain information about you from other sources including information to verify and re-verify your employment and income. And you agree that we will use such information for any purposes (for example, marketing to you or evaluating you for a new account), subject to applicable law. You agree that we will give information about the Account to credit reporting agencies. We will tell a credit reporting agency if you fail to comply with the terms of this Agreement. This may have a negative impact on your credit report.

Not stated here

• The source does not name the other sources of information about you.

Legal Rights & Agreement Rules · Procedure

To challenge information given to a credit reporting agency, write to the issuer's Credit Bureau Unit

If you believe information the issuer has given to a credit reporting agency is incorrect, write to American Express Credit Bureau Unit, P.O. Box 981537, El Paso, TX 79998-1537, and tell it the specific information you believe is incorrect.

Supporting quotations

If you believe information we have given to a credit reporting agency is incorrect, write to us at: American Express Credit Bureau Unit, P.O. Box 981537, El Paso, TX 79998-1537. When you write to us, tell us the specific information you believe is incorrect.

Account & Service Control · Permission or license

The issuer may treat the Account as in default for a violation, false information, bankruptcy or doubt about payment

The issuer may consider the Account in default if you violate a provision of the Agreement, give false information, file for bankruptcy, default under another agreement with the issuer or an affiliate, or if the issuer believes you are unable or unwilling to pay your debts when due.

Supporting quotations

Default: We may consider your Account to be in default if:

you violate a provision of this Agreement,

you give us false information,

you file for bankruptcy,

you default under another agreement you have with us or an affiliate, or

we believe you are unable or unwilling to pay your debts when due.

Qualifications & exceptions

• The source says the issuer 'may' consider the Account in default; it is not automatic.

Not stated here

• 'Violate a provision' is not limited to material or payment terms in the text.
• The phrase 'this Agreement' is not a link to a separate document in the supplied text; no linked document's text is relied on here.

Account & Service Control · Permission or license

After default, incapacity or death, the issuer may suspend or cancel features and demand immediate payment

If the issuer considers the Account in default, or you become incapacitated or die, it may, to the extent permitted by federal and applicable state law, suspend your ability to make charges, cancel or suspend any feature on the Account, require you to pay more than the Minimum Payment Due immediately, and require you to pay the Account balance immediately.

Supporting quotations

If we consider your Account in default, or if you become incapacitated or die, we may, to the extent permitted by federal and applicable state law:

suspend your ability to make charges,

cancel or suspend any feature on your Account,

require you to pay more than your Minimum Payment Due immediately, and

require you to pay your Account balance immediately.

Qualifications & exceptions

• Limited 'to the extent permitted by federal and applicable state law'.

Charges & Financial Obligations · Restriction or exception

You agree to pay the issuer's reasonable collection costs, including attorneys' fees

You agree to pay all reasonable costs, including attorneys' fees, that the issuer incurs to collect amounts you owe.

Supporting quotations

Collection costs: You agree to pay all reasonable costs, including attorneys' fees, that we incur to collect amounts you owe.

Account & Service Control · Permission or license

The issuer may cancel the Account or suspend features at any time for any reason; you still owe all charges

The issuer may, at any time and for any reason, cancel your Account, suspend your ability to make charges, or cancel or suspend any feature of the Account. You must still pay all charges under the Agreement. If it later agrees to reinstate the Account, it may reinstate any additional Cards and charge applicable annual fees and a fee to reinstate the Account.

Supporting quotations

Closing or suspending your Account: We may, at any time and for any reason: cancel your Account, suspend your ability to make charges, cancel or suspend any feature on your Account. If we do any of these, you must still pay us for all charges under the terms of this Agreement. If we later agree to reinstate your Account, we may reinstate any additional Cards issued on your Account and charge you any applicable annual fees and a fee to reinstate the Account.

Qualifications & exceptions

• Reward dollars are forfeited if the Account is cancelled for any reason (see the rewards cards).

Account & Service Control · User right or choice

You may close the Account by calling or writing; an annual fee is refunded only within 30 days (not in Massachusetts)

You may close your Account by calling or writing to the issuer. If an Annual Fee applies, it will be refunded if you notify the issuer that you are voluntarily closing the Account within 30 days after the Closing Date of the statement on which the fee appears; after that period the Annual Fee is non-refundable. This refund policy does not apply if your billing address is in Massachusetts when you close the Account. If a cancelled account is re-opened at your request, the issuer may charge a $25 fee.

Supporting quotations

You may close your Account by calling us or writing to us. If an Annual Fee applies, we will refund this fee if you notify us that you are voluntarily closing your Account within 30 days after the Closing Date of the billing statement on which that fee appears. For cancellations after this 30-day period, the Annual Fee is non-refundable. If your billing address is in the Commonwealth of Massachusetts at the time you close your Account, this policy will not apply to you. If your account is cancelled and we re-open it at your request, we may charge you a $25 fee.

The Closing Date appears on each billing statement and is the last day of the billing period covered by the billing statement.

Qualifications & exceptions

• Part 1 lists no Annual Fee for this Card, so the refund policy is conditional on an Annual Fee applying.
• The source does not say what the Massachusetts exception substitutes for the policy.

Charges & Financial Obligations · Permission or license

Paying by check authorises a one-time electronic withdrawal, possibly the same day, and the check is not returned

When you pay by check, you authorise the issuer to use information from the check (such as routing number, account number and check serial number) to make a one-time electronic fund transfer from your bank or other asset account. Your payment may be withdrawn as soon as the same day the check is received, and you will not receive the check back from your bank or financial institution. In certain circumstances the issuer may process the payment as a check transaction.

Supporting quotations

When you pay us by check; permission for electronic debit: When you pay us by check, you authorize us to use information from your check (such as routing number, account number and check serial number) to make a one-time electronic fund transfer from your bank or other asset account.

When we do this, your payment may be withdrawn from your bank or other asset account as soon as the same day we receive your check, and you will not receive that check back from your bank or financial institution. In certain circumstances, we may process your payment as a check transaction.

Not stated here

• The source does not say which circumstances lead to processing as a check transaction.

Charges & Financial Obligations · Company practice

AEEML converts foreign-currency charges at a rate no higher than the highest official or interbank rate

If you make a charge in a foreign currency, AE Exposure Management Ltd. (AEEML) converts it into U.S. dollars on the date the issuer or its agents process it, and you are billed in U.S. dollars on that conversion. Unless a particular rate is required by law, AEEML chooses a rate acceptable to the issuer for that date. The rate is no more than the highest official rate published by a government agency or the highest interbank rate AEEML identifies from customary banking sources on the conversion date or the prior business day, and it may differ from rates in effect on the date of your charge. Charges converted by establishments (such as airlines) are billed at the rates they use. The 2.7% foreign transaction fee applies to the converted U.S. dollar amount.

Supporting quotations

Converting charges made in a foreign currency: If you make a charge in a foreign currency, AE Exposure Management Ltd.

will convert it into U.S. dollars on the date we or our agents process it, so that we bill you for the charge in U.S. dollars based upon this conversion. Unless a particular rate is required by law, AEEML will choose a conversion rate that is acceptable to us for that date. The rate AEEML uses is no more than the highest official rate published by a government agency or the highest interbank rate AEEML identifies from customary banking sources on the conversion date or the prior business day. This rate may differ from rates that are in effect on the date of your charge. We will bill charges converted by establishments (such as airlines) at the rates they use.

Qualifications & exceptions

• The Part 1 foreign transaction fee (2.7% of the converted amount) is carded separately.

Not stated here

• The conversion date can differ from the date of your charge, so the rate applied is not fixed at the time you make the charge.

Data Access & Collection · Company practice

Federal-agency charge data may be used for billing and collections, and aggregated for analysis and marketing

Some federal agencies may accept the Card under statutory authority. When you make charges at those agencies, the issuer collects certain charge information, which may be put to routine uses such as processing, billing and collections. It may also be aggregated for reporting, analysis and marketing use. Other routine uses by agencies may be published in the Federal Register.

Supporting quotations

Privacy Act of 1974: Some federal agencies may accept the Card under authority of statute. When you make charges at these agencies, we collect certain charge information. That information may be put to routine uses such as processing, billing and collections. It may also be aggregated for reporting, analysis and marketing use. Other routine uses by agencies may be published in the Federal Register.

Not stated here

• The source does not say what charge information is collected, or what the agencies' other routine uses are.

Sharing & Disclosure · Company practice

Affiliates may tell you about products that may have a fee, and compensation may influence which they mention

The issuer or its affiliates may tell you about insurance and non-insurance products, services or features that may have a fee. An affiliate may act on behalf of a provider of these products and may be compensated. The insurance products are not offered or sold by the issuer or on its behalf. Affiliates may get additional compensation when AMEX Assurance Company or another affiliate is the insurer or reinsurer, and compensation may influence which products and providers the issuer or its affiliates tell you about.

Supporting quotations

About insurance products: We or our affiliates may tell you about insurance and non-insurance products, services or features that may have a fee. One of our affiliates may act on behalf of a provider of these products. The affiliate may be compensated for this. The insurance products are not offered or sold by us or on our behalf. Our affiliates may get additional compensation when AMEX Assurance Company or another affiliate is the insurer or reinsurer. Compensation may influence what products and providers we or our affiliates tell you about.

Sharing & Disclosure · Permission or license

The issuer may share information about you with affiliates so they can identify products for you, and may be paid for it

The issuer may share information about you with its affiliates so they can identify products that may interest you, and it may be compensated for this information.

Supporting quotations

We may share information about you with our affiliates so they can identify products that may interest you. We may be compensated for this information.

Not stated here

• The source does not say what information is shared, which affiliates receive it, or whether you can limit this sharing; the issuer's privacy notice is not supplied.

Account & Service Control · Permission or license

The issuer may add, modify or remove any benefit, feature or service related to the Account at its discretion

The issuer has the right to add, modify or remove any benefit, feature or service included with or related to your Account at its discretion.

Supporting quotations

Changing benefits: We have the right to add, modify or remove any benefit, feature or service included with or related to your Account at our discretion.

Legal Rights & Agreement Rules · Permission or license

The issuer may sell or assign the Agreement and Account without notice; you may not

The issuer may sell, transfer or assign the Agreement and your Account at any time without notifying you. You may not sell, assign or transfer your Account or any of your obligations under the Agreement.

Supporting quotations

Assigning the Agreement: We may sell, transfer or assign this Agreement and your Account. We may do so at any time without notifying you. You may not sell, assign or transfer your Account or any of your obligations under this Agreement.

Legal Rights & Agreement Rules · Restriction or exception

Delaying or not exercising a right does not waive it on any other occasion

The issuer may choose to delay enforcing, or not to exercise, rights under the Agreement. If it does, it does not waive its rights to exercise or enforce them on any other occasion.

Supporting quotations

We do not waive our rights: We may choose to delay enforcing or to not exercise rights under this Agreement. If we do this, we do not waive our rights to exercise or enforce them on any other occasion.

Legal Rights & Agreement Rules · Context

Utah and federal law govern the Agreement; Maryland residents have a specific statutory election

Utah law and federal law govern the Agreement and your Account, without regard to internal principles of conflicts of law. The issuer states it entered into the Agreement with you in Utah, where it is located and holds your Account. For Maryland residents (a Maryland billing address), the issuer elects to offer the Account under Title 12, Subtitle 9 of the Maryland Commercial Law Article to the extent, if any, that Maryland law applies to the Account.

Supporting quotations

Governing law: Utah law and federal law govern this Agreement and your Account without regard to internal principles of conflicts of law. We entered into this Agreement with you in Utah, where we are located and hold your Account. Maryland residents: If your Account has a Maryland billing address, we elect to offer your Account pursuant to Title 12, Subtitle 9 of the Maryland Commercial Law Article to the extent, if any, that Maryland law applies to your Account.

Qualifications & exceptions

• The Maryland election applies only to Accounts with a Maryland billing address and only 'to the extent, if any, that Maryland law applies'.

Not stated here

• The Maryland Commercial Law Article is not supplied, so what that election means in practice is not stated.

Charges & Financial Obligations · Context

Oregon residents: service charges are limited to what the law permits, and you may pay more than the minimum at any time

The notice to Oregon residents states that service charges not in excess of those permitted by law will be charged on the outstanding balances from month to month, and that you may pay more than the Minimum Payment Due, up to your entire outstanding balance, at any time.

Supporting quotations

Notice to Oregon Residents: Service charges not in excess of those permitted by law will be charged on the outstanding balances from month to month. You may pay more than the Minimum Payment Due, up to your entire outstanding balance, at any time.

Not stated here

• The source does not say how an Oregon resident is identified, for example by billing address.

Charges & Financial Obligations · User right or choice

Washington residents: no interest owed that results solely from a delay in posting a return credit

The notice for residents of Washington State says that, in accordance with the Revised Code of Washington Statutes, Section 63.14.167, you are not responsible for payment of interest charges that result solely from a merchant's failure to transmit to the issuer within seven working days a credit for goods or services accepted for return or forgiven, if you have notified the issuer of the merchant's delay in posting the credit, or from the issuer's failure to post the credit to your Account within three working days of receiving it.

Supporting quotations

Notice for residents of Washington State: In accordance with the Revised Code of Washington Statutes, Section 63.14.167, you are not responsible for payment of interest charges that result solely from a merchant's failure to transmit to us within seven working days a credit for goods or services accepted for return or forgiven if you have notified us of the merchant's delay in posting such credit, or our failure to post such credit to your Account within three working days of our receipt of the credit.

Qualifications & exceptions

• Applies to interest charges that result 'solely' from the stated delays.

Not stated here

• The sentence does not make clear whether the condition 'if you have notified us of the merchant's delay' also applies to the issuer's own failure to post the credit within three working days; the source's wording is quoted rather than resolved.
• The cited Washington statute is not supplied here, so its text is not relied on.
• The source does not say how a Washington resident is identified.

Legal Rights & Agreement Rules · User right or choice

Disputes may go to mediation, arbitration or litigation; you may reject arbitration within 45 days of first purchase

The Claims Resolution section says most concerns can be resolved by calling Customer Service. If Customer Service cannot resolve a complaint to your satisfaction, the section explains how claims can be resolved through mediation, arbitration or litigation, and it includes an arbitration provision. You may reject the arbitration provision by sending written notice within 45 days after your first Card purchase; the mechanics are in 'Your Right to Reject Arbitration'.

Supporting quotations

Most customer concerns can be resolved by calling our Customer Service Department at the number listed on the back of your Card. In the event Customer Service is unable to resolve a complaint to your satisfaction, this section explains how claims can be resolved through mediation, arbitration or litigation. It includes an arbitration provision. You may reject the arbitration provision by sending us written notice within 45 days after your first Card purchase. See Your Right to Reject Arbitration below.

Your rejection notice must be mailed within 45 days after your first Card purchase.

Qualifications & exceptions

• The rejection notice must be in writing and meet the content and signature requirements in 'Your Right to Reject Arbitration'.
• Military Lending Act covered borrowers are separately outside the arbitration provision (see the covered-borrower card).

Legal Rights & Agreement Rules · Context

'Claim' covers almost any dispute with the issuer, affiliates or third parties; 'you and us' includes related entities

For the Claims Resolution section, 'you' and 'us' include any corporate parents, subsidiaries, affiliates or related persons or entities. A Claim means any current or future claim, dispute or controversy relating to your Account(s), the Agreement, or any agreement or relationship you have or had with the issuer, except for the validity, enforceability or scope of the Arbitration provision. It includes initial claims, counterclaims, crossclaims and third-party claims; claims based on contract, tort, fraud, statute, regulation, common law and equity; claims by or against any third party using or providing any product, service or benefit in connection with any account; and claims arising from or relating to any account created under any of the agreements or its balances, advertisements, promotions or statements about accounts, goods or services financed, benefits and services related to Card Membership (including rewards programs), and your application for any account. You may not sell, assign or transfer a claim.

Supporting quotations

For this section, you and us includes any corporate parents, subsidiaries, affiliates or related persons or entities. Claim means any current or future claim, dispute or controversy relating to your Account(s), this Agreement, or any agreement or relationship you have or had with us, except for the validity, enforceability or scope of the Arbitration provision. Claim includes but is not limited to: (1) initial claims, counterclaims, crossclaims and third-party claims; (2) claims based upon contract, tort, fraud, statute, regulation, common law and equity; (3) claims by or against any third party using or providing any product, service or benefit in connection with any account; and

(4) claims that arise from or relate to (a) any account created under any of the agreements, or any balances on any such account, (b) advertisements, promotions or statements related to any accounts, goods or services financed under any accounts or terms of financing, (c) benefits and services related to Card Membership (including fee-based or free benefit programs, enrollment services and rewards programs) and (d) your application for any account. You may not sell, assign or transfer a claim.

Qualifications & exceptions

• Validity, enforceability and scope of the Arbitration provision itself are carved out of the definition of Claim.

Not stated here

• The source does not say who decides questions about the validity, enforceability or scope of the Arbitration provision.

Legal Rights & Agreement Rules · Procedure

Before a lawsuit, mediation or arbitration, each side must send a written claim notice stating the relief demanded

Before beginning a lawsuit, mediation or arbitration, you and the issuer agree to send a written claim notice to each party against whom a claim is asserted, to give an opportunity to resolve the claim informally or through mediation. The notice must describe the claim and state the specific relief demanded. A sample notice is at americanexpress.com/claim. Notice to you may be given by your billing statement or sent to your billing address. Notice to the issuer must include your name, address and Account number and be sent to American Express ADR c/o CT Corporation System, 28 Liberty Street, New York, New York 10005. If the claim proceeds to arbitration, the amount of relief demanded in the claim notice is not disclosed to the arbitrator until after the arbitrator rules.

Supporting quotations

Sending a Claim Notice: Before beginning a lawsuit, mediation or arbitration, you and we agree to send a written notice (a claim notice) to each party against whom a claim is asserted, in order to provide an opportunity to resolve the claim informally or through mediation.

The claim notice must describe the claim and state the specific relief demanded. Notice to you may be provided by your billing statement or sent to your billing address. Notice to us must include your name, address and Account number and be sent to American Express ADR c/o CT Corporation System, 28 Liberty Street, New York, New York 10005. If the claim proceeds to arbitration, the amount of any relief demanded in a claim notice will not be disclosed to the arbitrator until after the arbitrator rules.

Not stated here

• The source does not state how long the parties must wait after a claim notice before starting a lawsuit or arbitration.

Legal Rights & Agreement Rules · Procedure

Either side may submit a claim to JAMS or AAA mediation within 30 days of a claim notice; the issuer pays the mediator

In mediation a neutral mediator helps the parties resolve a claim but does not decide it. Before mediation, you or the issuer must first send a claim notice. Within 30 days after sending or receiving a claim notice, you or the issuer may submit the claim to JAMS or the American Arbitration Association (AAA) for mediation. The issuer will pay the fees of the mediator.

Supporting quotations

Mediation: In mediation, a neutral mediator helps parties resolve a claim. The mediator does not decide the claim but helps parties reach agreement. Before beginning mediation, you or we must first send a claim notice. Within 30 days after sending or receiving a claim notice, you or we may submit the claim to JAMS (1-800-352-5267, jamsadr.com) or the American Arbitration Association ("AAA") (1-800-778- 7879, adr.org) for mediation. We will pay the fees of the mediator.

Not stated here

• Whether you or the issuer pay other mediation costs (for example your own lawyers) is not stated.

Legal Rights & Agreement Rules · Company commitment

Mediation communications are confidential and time limits are paused from the claim notice until mediation ends

All mediation-related communications are confidential, inadmissible in court and not subject to discovery. All applicable statutes of limitation are tolled from the date a claim notice is sent until the mediation ends. Either side may end the mediation at any time. Submitting or not submitting a claim to mediation does not affect the right to elect arbitration.

Supporting quotations

All mediation-related communications are confidential, inadmissible in court and not subject to discovery.

All applicable statutes of limitation will be tolled from the date you or we send the claim notice until termination of the mediation. Either you or we may terminate the mediation at any time. The submission or failure to submit a claim to mediation will not affect your or our right to elect arbitration.

Legal Rights & Agreement Rules · Restriction or exception

Either side may elect individual arbitration, replacing court, jury and class claims, with a small-claims exception

You or the issuer may elect to resolve any claim by individual arbitration, decided by a neutral arbitrator. If a party chooses arbitration, neither you nor the issuer has the right to litigate that claim in court or have a jury trial on it, or to take part in a representative capacity or as a class member for any claim subject to arbitration. Procedures are generally simpler than in court and discovery is more limited. The arbitrator's authority is limited to claims between you and the issuer alone, claims may not be joined or consolidated unless both agree in writing, and an award applies only to that case. The arbitrator's decisions are as enforceable as a court order and subject to very limited court review, and, except as set out in the appeal provisions, the decision is final and binding. Other rights you or the issuer would have in court may also not be available. The issuer will not elect arbitration for a claim you file in small claims court so long as it is individual and pending only in that court; otherwise either side may elect arbitration at any time unless the claim has been filed in court and trial has begun or final judgment has been entered. You may reject the arbitration provision (see the card on rejecting arbitration).

Supporting quotations

Arbitration: You or we may elect to resolve any claim by individual arbitration. Claims are decided by a neutral arbitrator.

If arbitration is chosen by any party, neither you nor we will have the right to litigate that claim in court or have a jury trial on that claim. Further, you and we will not have the right to participate in a representative capacity or as a member of any class pertaining to any claim subject to arbitration.

The arbitrator's authority is limited to claims between you and us alone. Claims may not be joined or consolidated unless you and we agree in writing. An arbitration award and any judgment confirming it will apply only to the specific case and cannot be used in any other case except to enforce the award. The arbitrator's decisions are as enforceable as any court order and are subject to very limited review by a court. Except as set forth below, the arbitrator's decision will be final and binding. Other rights you or we would have in court may also not be available in arbitration.

We will not elect arbitration for any claim you file in small claims court, so long as the claim is individual and pending only in that court. You or we may otherwise elect to arbitrate any claim at any time unless it has been filed in court and trial has begun or final judgment has been entered.

Qualifications & exceptions

• The right to reject arbitration within 45 days and the Military Lending Act covered-borrower exception limit when this provision applies to you.
• The source says the decision is final and binding 'except as set forth below'; the appeal and fee terms appear in the following packet of the section.

Legal Rights & Agreement Rules · Procedure

Arbitration starts with a claim notice and goes to JAMS or AAA as chosen by the party electing it

Before beginning arbitration, you or the issuer must first send a claim notice. Claims are referred to either JAMS or AAA, as selected by the party electing arbitration, and are resolved under the Arbitration provision and the selected organization's rules in effect when the claim is filed, except where those rules conflict with the Agreement. If the issuer chooses the organization, you may select the other within 30 days after receiving notice of the issuer's selection. Claims may also be referred to another arbitration organization if you and the issuer agree in writing, or to an arbitrator appointed under section 5 of the Federal Arbitration Act.

Supporting quotations

Initiating Arbitration: Before beginning arbitration, you or we must first send a claim notice. Claims will be referred to either JAMS or AAA, as selected by the party electing arbitration. Claims will be resolved pursuant to this Arbitration provision and the selected organization's rules in effect when the claim is filed, except where those rules conflict with this Agreement. If we choose the organization, you may select the other within 30 days after receiving notice of our selection.

Claims also may be referred to another arbitration organization if you and we agree in writing or to an arbitrator appointed pursuant to section 5 of the Federal Arbitration Act, 9 U.S.C. sec. 1-16 (FAA).

Not stated here

• 'You may select the other' is not further explained: the text appears to let you choose the other of JAMS and AAA within 30 days, but it does not say what follows if you do not.
• The Federal Arbitration Act is cited by name and is not supplied here, so its text is not relied on.

Legal Rights & Agreement Rules · User right or choice

The issuer will not elect arbitration of individual small-claims cases; otherwise it can be elected until trial begins

The issuer will not elect arbitration for any claim you file in small claims court, so long as the claim is individual and pending only in that court. Otherwise, you or the issuer may elect to arbitrate any claim at any time unless it has been filed in court and trial has begun or final judgment has been entered. Either side may delay enforcing or not exercise rights under the Arbitration provision, including the right to arbitrate, without waiving the right to exercise or enforce them.

Supporting quotations

We will not elect arbitration for any claim you file in small claims court, so long as the claim is individual and pending only in that court. You or we may otherwise elect to arbitrate any claim at any time unless it has been filed in court and trial has begun or final judgment has been entered. Either you or we may delay enforcing or not exercise rights under this Arbitration provision, including the right to arbitrate a claim, without waiving the right to exercise or enforce those rights.

Qualifications & exceptions

• The small-claims carve-out is stated only for the issuer's election; it applies while the claim is individual and pending only in small claims court.

Legal Rights & Agreement Rules · Restriction or exception

Elected arbitration is individual only: no class or representative claims for the public or other Card Members

If either party elects arbitration, the claim is arbitrated on an individual basis. There is no right or authority for any claims to be arbitrated on a class action basis or on bases involving claims brought in a purported representative capacity on behalf of the general public, other Card Members or other persons similarly situated.

Supporting quotations

Limitations on Arbitration: If either party elects to resolve a claim by arbitration, that claim will be arbitrated on an individual basis. There will be no right or authority for any claims to be arbitrated on a class action basis or on bases involving claims brought in a purported representative capacity on behalf of the general public, other Card Members or other persons similarly situated.

Further, you and we will not have the right to participate in a representative capacity or as a member of any class pertaining to any claim subject to arbitration.

Qualifications & exceptions

• Whether this limit is enforceable is not addressed here; the next card records what the agreement says happens if it is held invalid.

Legal Rights & Agreement Rules · Restriction or exception

If the class and representative limits are held invalid, the whole Arbitration provision falls away

Notwithstanding any other provision, and without waiving the right to appeal such a decision, if any portion of the Limitations on Arbitration is deemed invalid or unenforceable, then the entire Arbitration provision (other than this sentence) will not apply.

Supporting quotations

Notwithstanding any other provision and without waiving the right to appeal such decision, if any portion of these Limitations on Arbitration is deemed invalid or unenforceable, then the entire Arbitration provision (other than this sentence) will not apply.

Not stated here

• The source does not say who decides whether a portion of the Limitations on Arbitration is invalid or unenforceable.

Legal Rights & Agreement Rules · Company practice

Arbitration is governed by the FAA, the arbitrator applies substantive law, and the proceeding is confidential

The Arbitration provision is governed by the Federal Arbitration Act (FAA). The arbitrator applies applicable substantive law, statutes of limitations and privileges, but not federal or state rules of civil procedure or evidence in matters relating to evidence or discovery. Subject to the Limitations on Arbitration, the arbitrator may otherwise award any relief available in court. You and the issuer agree that the arbitration will be confidential, and that 'we' will not disclose the content of the proceeding or its outcome to anyone, but you or the issuer may notify any government authority of the claim as permitted or required by law. At any party's request the arbitrator provides a brief written explanation of the award, and at your election hearings take place in the federal judicial district of your residence.

Supporting quotations

Arbitration Procedures: This Arbitration provision is governed by the FAA. The arbitrator will apply applicable substantive law, statutes of limitations and privileges. The arbitrator will not apply any federal or state rules of civil procedure or evidence in matters relating to evidence or discovery. Subject to the Limitations on Arbitration, the arbitrator may otherwise award any relief available in court. You and we agree that the arbitration will be confidential. You and we agree that we will not disclose the content of the arbitration proceeding or its outcome to anyone, but you or we may notify any government authority of the claim as permitted or required by law.

At any party's request, the arbitrator will provide a brief written explanation of the award.

At your election, arbitration hearings will take place in the federal judicial district of your residence.

Not stated here

• The sentence 'You and we agree that we will not disclose the content of the arbitration proceeding or its outcome to anyone' uses 'we', which elsewhere means the issuer; the source does not clearly say whether you are also barred from disclosing beyond the statement that the arbitration will be confidential.
• The Federal Arbitration Act is cited by name and is not supplied here, so its text is not relied on.

Legal Rights & Agreement Rules · User right or choice

For claims of $10,000 or less you choose documents only, a telephone hearing or an in-person hearing

If your claim is for $10,000 or less, you may choose whether the arbitration will be conducted solely on the basis of documents, through a telephonic hearing, or by an in-person hearing.

Supporting quotations

If your claim is for $10,000 or less, you may choose whether the arbitration will be conducted solely on the basis of documents, through a telephonic hearing, or by an in-person hearing.

Not stated here

• The source does not say how the $10,000 threshold is measured, for example whether it includes fees or attorneys' fees.

Legal Rights & Agreement Rules · Procedure

Either side may appeal an arbitration award within 35 days to a three-arbitrator panel

The arbitrator's award is final and binding, subject to each party's right to appeal as stated in the section and/or to challenge or appeal an arbitration award under the FAA. To start an appeal, a party must notify the arbitration organization and all parties in writing within 35 days after the award is issued. The arbitration organization appoints a three-arbitrator panel to decide anew, by majority vote based on written submissions, any aspect of the decision objected to. The appeal otherwise follows the arbitration organization's appellate rules. Judgment on any award may be entered in any court having jurisdiction.

Supporting quotations

The arbitrator's award will be final and binding, subject to each party's right to appeal as stated in this section and/or to challenge or appeal an arbitration award pursuant to the FAA. To initiate an appeal, a party must notify the arbitration organization and all parties in writing within 35 days after the arbitrator's award is issued. The arbitration organization will appoint a three-arbitrator panel to decide anew, by majority vote based on written submissions, any aspect of the decision objected to. The appeal will otherwise proceed pursuant to the arbitration organization's appellate rules. Judgment upon any award may be entered in any court having jurisdiction.

Not stated here

• The source does not say who bears the cost of an appeal.

Legal Rights & Agreement Rules · Company commitment

You pay only up to what a court filing would cost; the issuer pays the rest and will consider advancing your share

You are responsible for your share of any arbitration fees (including filing, administrative, hearing or other fees), but only up to the amount of the filing fees you would have incurred if you had brought the claim in court. The issuer is responsible for any additional arbitration fees. At your written request, the issuer will consider in good faith making a temporary advance of your share of the fees, or paying for the reasonable fees of an expert appointed by the arbitrator for good cause.

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Arbitration Fees and Costs: You will be responsible for paying your share of any arbitration fees (including filing, administrative, hearing or other fees), but only up to the amount of the filing fees you would have incurred if you had brought a claim in court. We will be responsible for any additional arbitration fees. At your written request, we will consider in good faith making a temporary advance of your share of any arbitration fees, or paying for the reasonable fees of an expert appointed by the arbitrator for good cause.

Not stated here

• The agreement does not say whether the issuer will grant a request for a temporary advance; it commits only to consider one in good faith.

Legal Rights & Agreement Rules · Company commitment

If the award beats the issuer's final offer, it includes at least $5,000 plus your reasonable fees and costs

If the arbitrator rules in your favor for an amount greater than any final offer the issuer made before the final hearing in arbitration, the arbitrator's award will include (1) any money to which you are entitled, but in no case less than $5,000, and (2) any reasonable attorneys' fees, costs and expert and other witness fees.

Supporting quotations

Additional Arbitration Awards: If the arbitrator rules in your favor for an amount greater than any final offer we made before the final hearing in arbitration, the arbitrator's award will include:

(1) any money to which you are entitled, but in no case less than $5,000; and (2) any reasonable attorneys' fees, costs and expert and other witness fees.

Qualifications & exceptions

• The $5,000 floor applies only when the award exceeds the issuer's final offer made before the final hearing.

Not stated here

• The source does not say what happens if the issuer made no final offer.

Legal Rights & Agreement Rules · User right or choice

To reject arbitration, mail a signed written notice within 45 days of your first Card purchase

You may reject the Arbitration provision by mailing a written rejection notice to American Express, P.O. Box 981556, El Paso, TX 79998 (a sample is at americanexpress.com/reject). It must be mailed within 45 days after your first Card purchase, state that you reject the Arbitration provision, and include your name, address, Account number and personal signature; no one else may sign it. If the notice complies, the Arbitration provision and any other arbitration provisions in the Card Member agreements for any other currently open American Express accounts you have will not apply to you, except for Corporate Card accounts and any claims subject to pending litigation or arbitration when you send the notice. Rejecting does not affect your other rights or responsibilities under the Claims Resolution section or the Agreement, or your ability to use your Card or any other benefit, product or service.

Supporting quotations

Your Right to Reject Arbitration: You may reject this Arbitration provision by sending a written rejection notice to us at: American Express, P.O. Box 981556, El Paso, TX 79998. Go to americanexpress.com/reject for a sample rejection notice. Your rejection notice must be mailed within 45 days after your first Card purchase. Your rejection notice must state that you reject the Arbitration provision and include your name, address, Account number and personal signature. No one else may sign the rejection notice.

If your rejection notice complies with these requirements, this Arbitration provision and any other arbitration provisions in the Card Member agreements for any other currently open American Express accounts you have will not apply to you, except for Corporate Card accounts and any claims subject to pending litigation or arbitration at the time you send your rejection notice. Rejection of this Arbitration provision will not affect your other rights or responsibilities under this Claims Resolution section or the Agreement. Rejecting this Arbitration provision will not affect your ability to use your Card or any other benefit, product or service you may have with your Account.

Qualifications & exceptions

• Rejection also switches off arbitration provisions in your other currently open American Express accounts' agreements, with the stated exceptions.

Not stated here

• The source does not say whether the issuer confirms receipt of a rejection notice.

Legal Rights & Agreement Rules · Restriction or exception

The Claims Resolution section survives account termination, payoff, collection, bankruptcy and sale, and is severable

The Claims Resolution section survives termination of your Account, voluntary payment of your Account balance, any legal proceeding to collect a debt, any bankruptcy and any sale of your Account (and in a sale its terms apply to the buyer). If any portion of the section, except as otherwise provided in the Limitations on Arbitration subsection, is deemed invalid or unenforceable, it will not invalidate the remaining portions.

Supporting quotations

Continuation: This section will survive termination of your Account, voluntary payment of your Account balance, any legal proceeding to collect a debt, any bankruptcy and any sale of your Account (in the case of a sale, its terms will apply to the buyer of your Account). If any portion of this Claims Resolution section, except as otherwise provided in the Limitations on Arbitration subsection, is deemed invalid or unenforceable, it will not invalidate the remaining portions of this Claims Resolution section.

Qualifications & exceptions

• The general severability sentence does not apply to the Limitations on Arbitration subsection, which has its own rule.