American Express Cash Magnet® Card Agreement

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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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.

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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.

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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.

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.

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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.

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.

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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.

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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'.

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.

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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.

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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.

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.

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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.