Morgan Stanley Blue Cash Preferred® American Express Card Agreement

Charges & Financial Obligations · Company practice

Returned check fee of $38 is separate from the returned payment fee

Two different fees involve something coming back unpaid. The returned payment fee (up to $40; $29 the first time, $40 on a repeat within the same billing period or the next 6 billing periods) applies when a payment you make to the Account is returned unpaid the first time the issuer presents it to your bank, and is capped at the applicable Minimum Payment Due on the prior statement. The returned check fee is $38 and applies if you use your card to cash a check at one of the issuer's approved locations and that check is returned unpaid; the issuer will also charge you the unpaid amount.

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.

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.

Qualifications & exceptions

• The $38 fee applies only to a check cashed with the card at one of the issuer's approved locations that is returned unpaid.
• The returned payment fee concerns payments to the Account; the returned check fee concerns checks cashed using the card.

Not stated here

• Which locations are approved is not stated in this passage.

Charges & Financial Obligations · Company practice

No overlimit fee; the issuer may approve charges above the Credit Limit

The overlimit fee is none. The issuer may approve charges that cause the Account balance to go over the Credit Limit, and if it does so it will not charge an overlimit fee. This sits beside the separate duty to manage the Account so the balance stays within the Credit Limit, and the issuer may ask for the amount above the limit to be paid promptly.

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.

Qualifications & exceptions

• No overlimit fee is stated for charges the issuer approves over the Credit Limit.
• The Rates and Fees Table lists penalty fee amounts in one row ("Up to $40. Up to $40. None"); this section states the overlimit amount directly as "Overlimit: None."

Not stated here

• The text does not say when the issuer will or will not approve a charge that goes over the Credit Limit.

Cross-references

• refers to (model-proposed): Penalty fees table: late and returned payment up to $40; overlimit none — The Rates and Fees Table lists the overlimit amount as the last entry in the penalty fee row; the later fee list states it directly as none.
• contrast (model-proposed): You agree to keep the balance within the Credit Limit and cash advances within the Cash Advance Limit — You agree to keep the balance within the Credit Limit, yet the issuer may approve charges over it without an overlimit fee and may ask you to promptly pay the excess.

Charges & Financial Obligations · Company practice

Account re-opening fee: $25

If your Account is cancelled, you ask the issuer to re-open it, and the issuer 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

• Charged only if all three happen: the Account was cancelled, you asked to re-open it, and the issuer re-opened it.

Cross-references

• referred to by (model-proposed): A $25 fee may be charged if a cancelled Account is re-opened at your request — The Part 3 closing section repeats the $25 fee stated in How Rates and Fees Work.

Account & Service Control · Permission or license

Credit Limit and Cash Advance Limit are set by the issuer and may be changed even if you pay on time

The issuer assigns a Credit Limit to the Account and may make part of it available for cash advances (the Cash Advance Limit). There may also be a limit on how much you can withdraw from ATMs 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 the Credit Limit and the Cash Advance Limit, and may do so even if you pay on time and your Account is not in default.

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.

The Credit Limit and Cash Advance Limit are shown on page 1 of Part 1 and on each billing statement. 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.

Qualifications & exceptions

• The issuer may raise or lower either limit, including when payments are on time and the Account is not in default.
• ATM withdrawal limits are described as something that "may" exist.

Not stated here

• The amounts of the limits are not in this text; they are on page 1 of the cardholder's Part 1 and on statements.
• The ATM withdrawal period and amount are not stated.

Account & Service Control · Company commitment

You agree to keep the balance within the Credit Limit and cash advances within the Cash Advance Limit

You agree to manage your Account so that (1) the Account balance, including fees and interest, is not more than the Credit Limit, and (2) the cash advance balance, including fees and interest, is not more than the Cash Advance Limit. If the issuer asks you to promptly pay the amount of the Account balance above the Credit Limit, you agree to do so. This duty coexists with the issuer's ability to approve charges over the limit without an overlimit fee.

Supporting quotations

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

If we ask you to promptly pay the amount of your Account balance above your Credit Limit, you agree to do so.

Qualifications & exceptions

• Both balances are counted with fees and interest included.
• The duty to promptly pay the amount over the Credit Limit arises when the issuer asks.

Cross-references

• contrast (model-proposed): No overlimit fee; the issuer may approve charges above the Credit Limit — You agree to keep the balance within the Credit Limit, yet the issuer may approve charges over it without an overlimit fee and may ask you to promptly pay the excess.

Charges & Financial Obligations · Restriction or exception

Person-to-person transactions are limited to $2,000 in any 30-day period

Your person-to-person transactions may not exceed $2,000 within any 30-day period, and you agree to manage your Account so the total in any 30-day period does not exceed that Person-to-Person Limit. The issuer may not approve a person-to-person transaction if it would cause the Account to exceed the applicable person-to-person transaction limit or the 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.

Qualifications & exceptions

• $2,000 within any 30-day period.
• The issuer "may not approve" a transaction that would exceed the person-to-person limit or the Credit Limit; this is a discretion, stated as may.

Charges & Financial Obligations · Procedure

How the Minimum Payment Due is calculated

The Minimum Payment Due starts from the highest of three amounts: (1) interest charged on the billing 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 billing statement, up to 1/24th of any overlimit amount, any plan payment due, and any amount past due.

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.

Qualifications & exceptions

• Start from the highest of the three amounts, then add the listed items.
• Penalty fees are counted in full on top of the base; an overlimit amount adds only up to 1/24th of it.

Charges & Financial Obligations · User right or choice

Minimum Payment Due never exceeds the New Balance, and you may pay more

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.

Details not recorded for this card

Supporting quotations

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

• The text states the right to pay more "up to your New Balance"; it does not describe a limit on paying beyond that here.

Charges & Financial Obligations · Context

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

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

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

• An illustration with stated assumptions; it is not a statement of any cardholder's actual amount.

Charges & Financial Obligations · Company commitment

No interest on purchases during an Interest Free Period

You are not charged interest on purchases when you are in an Interest Free Period. Your account enters one when you pay your New Balance as shown on your statement by the Payment Due Date, or when your account had no previous balance. When the account is not in an Interest Free Period, interest on purchases is charged from the date of the transaction. After you enter an Interest Free Period again, interest may still appear on your next billing statement, reflecting interest charged from the beginning of that billing cycle through the date the payment was received. Paying by a date means sending the payment so the issuer receives and credits it to the Account by that date.

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.

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.

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.

Qualifications & exceptions

• Entry condition: pay the New Balance shown on the statement by the Payment Due Date, or no previous balance.
• Outside an Interest Free Period, purchase interest runs from the transaction date.
• Paying "by" a date requires that the issuer receive and credit the payment by that date.

Cross-references

• refers to (model-proposed): No interest on purchases if paid in full each month; cash advances and transfers accrue from the transaction date — The Interest Free Period terms in How Rates and Fees Work elaborate the pay-in-full no-interest statement in the Rates and Fees Table.

Charges & Financial Obligations · User right or choice

With an active Plan It plan, paying the Balance Adjusted for Plans can bring an 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 (or Adjusted Balance) by the Payment Due Date.

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.

Qualifications & exceptions

• Applies to accounts with an active plan created through Plan It.

Not stated here

• How the Balance Adjusted for Plans is computed is not explained in this passage.

Charges & Financial Obligations · Company practice

Balance transfers and cash advances have no Interest Free Period and accrue interest from the transaction date

Balance Transfers and Cash Advances are charged interest from the date of the transaction and do not have an Interest Free Period. The issuer refers to the How we calculate interest section of the agreement for more detail on how interest charges are calculated.

Details not recorded for this card

Supporting quotations

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.

Not stated here

• The detailed interest calculation is in the How we calculate interest section, not in this passage.

Legal Rights & Agreement Rules · Context

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

Part 1, Part 2, Part 3 and any supplements or amendments make up your Card Member Agreement. You can request a copy through your online account or by calling the number on the back of your Card. The reward program terms that follow are a supplement to the Card Member Agreement.

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.

Supplement to the Card Member Agreement

Qualifications & exceptions

• Parts and supplements together form the Card Member Agreement.

Charges & Financial Obligations · Company practice

Earning Blue Cash reward dollars on eligible purchases

You earn Blue Cash Reward Dollars for eligible purchases on the Morgan Stanley Blue Cash Preferred American Express Card Account. The number earned is based on a percentage of the dollar amount of eligible purchases during each billing period. Eligible purchases are purchases made on the Card for goods and services minus returns and other credits. The text then introduces a list of purchases that are not eligible ("Eligible purchases do NOT include:"), covered in the next section of the supplement.

Supporting quotations

How you earn reward dollars: You will earn Blue Cash® Reward Dollars (reward dollars) for eligible purchases on your Morgan Stanley Blue Cash Preferred® American Express Card Account. The number of reward dollars you earn is based on a percentage of the dollar amount of your eligible purchases during each billing period. Eligible purchases are purchases made on your Card for goods and services minus returns and other credits.

Eligible purchases do NOT include:

Qualifications & exceptions

• Eligible purchases are net of returns and other credits.
• A list of exclusions follows this passage, so not every purchase on the Card earns reward dollars.

Not stated here

• The percentage rates are not stated in this passage.

Charges & Financial Obligations · Restriction or exception

Purchases that do not count as eligible for reward dollars

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. Because the agreement defines a person-to-person transaction as a charge for funds sent to another person or to add funds to an Amex Send account, those are outside the earning base too.

Supporting quotations

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.

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

Qualifications & exceptions

• Net of returns and other credits.
• The exclusions list is introduced by "Eligible purchases do NOT include:" and is not framed as exhaustive in this passage.

Charges & Financial Obligations · Company commitment

6% reward on the first $6,000 a year at U.S. supermarkets

You will earn a reward of 6 percent on the first $6,000 of eligible purchases in a calendar year at supermarkets located in the U.S. Superstores, convenience stores, warehouse clubs and meal-kit delivery services are not considered supermarkets.

Supporting quotations

You will earn a reward of:

6 percent on the first $6,000 of eligible purchases in a calendar year at supermarkets located in the U.S. (Superstores, convenience stores, warehouse clubs, and meal-kit delivery services aren't considered supermarkets);

Qualifications & exceptions

• The 6 percent applies to the first $6,000 of eligible purchases in a calendar year at U.S. supermarkets.
• Superstores, convenience stores, warehouse clubs and meal-kit delivery services are not considered supermarkets.

Not stated here

• The text does not say what rate applies to supermarket purchases above $6,000 in a calendar year; the last tier is "1 percent on all other eligible purchases" but this passage does not connect the two.

Charges & Financial Obligations · Company commitment

6% reward on U.S. streaming subscriptions from select providers

You will earn 6 percent on eligible purchases of U.S streaming subscriptions from select providers. The text says the current list of select providers is available at americanexpress.com/rewards-info. If your subscription is bundled with another product or service or billed by a third-party (such as a digital platform, a cable, telecommunications, or internet provider, or a car manufacturer), your purchase may not be eligible.

Supporting quotations

6 percent on eligible purchases of U.S streaming subscriptions from select providers (the current list of select providers is available at americanexpress.com/rewards-info. If your subscription is bundled with another product or service or billed by a third-party (such as a digital platform, a cable, telecommunications, or internet provider, or a car manufacturer), your purchase may not be eligible;

Qualifications & exceptions

• Only select providers qualify; the list is on a separate web page.
• A bundled subscription or one billed by a third party may not be eligible (stated as "may not").

Not stated here

• The list of select providers is not in the supplied agreement text.
• The wording of this tier opens a parenthesis for the provider list that is not visibly closed before the next parenthetical begins; the meaning of the sentence is still the one quoted.

Charges & Financial Obligations · Company commitment

3% reward on gasoline at U.S. gas stations

You will earn 3 percent on eligible purchases of gasoline at gasoline stations located in the U.S. Superstores, supermarkets and warehouse clubs that sell gasoline are not considered gas stations.

Supporting quotations

3 percent on eligible purchases of gasoline at gasoline stations located in the U.S. (superstores, supermarkets and warehouse clubs that sell gasoline are not considered gas stations);

Qualifications & exceptions

• Superstores, supermarkets and warehouse clubs that sell gasoline are not considered gas stations.

Charges & Financial Obligations · Company commitment

3% reward on transit; airfare, car rental and cruises do not count

You will earn 3 percent on eligible purchases on transit, including trains, taxicabs, ride share services, ferries, tolls, parking, buses and subways. Airfare, car rental and cruises are not considered transit.

Supporting quotations

3 percent on eligible purchases on transit, including trains, taxicabs, ride share services, ferries, tolls, parking, buses, and subways (airfare, car rental and cruises are not considered transit); and

Qualifications & exceptions

• Transit is described by the listed examples; airfare, car rental and cruises are expressly not transit.

Charges & Financial Obligations · Company commitment

1% reward on all other eligible purchases

You will earn 1 percent on all other eligible purchases, meaning eligible purchases not in the 6 percent or 3 percent categories listed above it.

Supporting quotations

1 percent on all other eligible purchases.

Charges & Financial Obligations · Restriction or exception

Additional rewards depend on merchant codes and may not apply when a purchase cannot be identified

Merchants are assigned codes based on what they primarily sell, and the issuer groups certain merchant codes into categories eligible for additional rewards. A purchase with a merchant will not earn additional rewards if the merchant's code is not included in a reward category. You may not receive additional rewards if the issuer receives inaccurate information or is otherwise unable to identify your purchase as eligible for a reward category. For example, you may not receive additional rewards when a merchant uses a third party to sell its products or services or to process or submit your transaction (such as mobile or wireless Card readers), or when you pay with a third-party payment account or a mobile or digital wallet. For questions about additional rewards on a purchase, you can call the number on the back of the Card; more information is at americanexpress.com/rewards-info.

Supporting quotations

Merchants are assigned codes based on what they primarily sell. We group certain merchant codes into categories that are eligible for additional rewards. A purchase with a merchant will not earn additional rewards if the merchant’s code is not included in a reward category. You may not receive additional rewards if we receive inaccurate information or are otherwise unable to identify your purchase as eligible for a reward category. For example, you may not receive additional rewards when:

a merchant uses a third-party to sell their products or services or a merchant uses a third-party to process or submit your transaction to us (e.g., using mobile or wireless Card readers); or you choose to make a purchase using a third-party payment account or make a purchase using a mobile or digital wallet. For questions about additional rewards on a purchase, call the number on the back or your Card.

Qualifications & exceptions

• The listed situations are examples ("For example"), not a complete list.
• The wording is "may not receive", not a flat denial in every such case.

Not stated here

• Which merchant codes are in each reward category is not listed in the agreement.
• Content at americanexpress.com/rewards-info is not part of the supplied text.

Charges & Financial Obligations · Restriction or exception

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

You will not earn reward dollars for eligible purchases posted to the 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.

Supporting quotations

When you will not earn reward dollars: 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.

Qualifications & exceptions

• Applies to eligible purchases posted during the billing period whose statement's Minimum Payment Due was not paid by its Payment Due Date.

Charges & Financial Obligations · Company practice

Credits reduce reward dollars; the statement Reward Dollars Summary is informational only

Credits for eligible purchases reduce the number of reward dollars you earn. The Reward Dollars Summary on the billing statement is only informational and does not show the actual reward dollars you may be entitled to receive; for example, a credit for eligible purchases can lower the reward dollars shown. If a credit places your eligible purchases in a negative status, the summary shows a negative balance until you accumulate eligible purchases exceeding the negative eligible purchases.

Supporting quotations

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

The Reward Dollars Summary: 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.

If a credit to your Card Account places your eligible purchases in a negative status, the Reward Dollars Summary on your billing statement will show a negative balance. It will continue to show a negative balance until you accumulate eligible purchases exceeding the negative eligible purchases.

Qualifications & exceptions

• The summary figure is not a statement of entitlement.

Not stated here

• The text does not say whether negative eligible purchases reduce reward dollars already earned beyond the effect it describes.

Charges & Financial Obligations · User right or choice

Redeeming reward dollars for statement credits at $1 each

You can redeem reward dollars for statement credits with no minimum redemption amount. The statement credit appears on the Card Account within 3 days and applies to the billing period in which it appears. Reward dollars redeemed for a statement credit cannot be used to pay your Minimum Payment Due. Each reward dollar redeemed gives a $1 statement credit, and partial reward dollars receive an equivalent amount (the example is 32.11 reward dollars for a $32.11 credit). From time to time the issuer may, at its option, offer other ways to redeem, such as gift cards or merchandise. You cannot redeem reward dollars if your Card Account is cancelled or past due.

Supporting quotations

How you can redeem reward dollars: 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. Partial reward dollar redemptions will receive an equivalent statement credit amount (e.g., 32.11 reward dollars can be redeemed for a $32.11 statement credit). From time to time we may, at our option, offer you other ways to redeem reward dollars, such as for gift cards or merchandise. You cannot redeem reward dollars if your Card Account is cancelled or past due.

Qualifications & exceptions

• No minimum redemption amount for statement credits.
• Redeemed reward dollars cannot be used to pay the Minimum Payment Due.
• Other redemption options are at the issuer's option and not promised.
• No redemption if the Account is cancelled or past due, subject to the New York Card Members exception.

Cross-references

• has exception (model-proposed): New York Card Members get 90 days to redeem after cancellation and can redeem while past due — For New York Card Members, redemption is allowed after cancellation notice (90 days) and while past due, which the general redemption rule bars.

Charges & Financial Obligations · User right or choice

New York Card Members get 90 days to redeem after cancellation and can redeem while past due

New York Card Members receive 90 days to redeem reward dollars from notification of the cancellation of their Card Account, and can also redeem while the Card Account is past due. To redeem after notification of cancellation or while past due, they must call the number on the back of the Card; they cannot redeem in the online account or mobile application. You are a New York Card Member if your Card Account has a New York billing address. A separate paragraph right after the forfeiture rule repeats the 90-day period.

Supporting quotations

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

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.

Qualifications & exceptions

• Applies only if the Card Account has a New York billing address.
• Redemption in these two situations is by phone only.

Cross-references

• exception to (model-proposed): Redeeming reward dollars for statement credits at $1 each — For New York Card Members, redemption is allowed after cancellation notice (90 days) and while past due, which the general redemption rule bars.
• contrast (model-proposed): Entire reward dollar balance is forfeited if the Card Account is cancelled for any reason — Forfeiture of the whole reward dollar balance on cancellation for any reason sits beside New York Card Members' 90 days to redeem after notification of cancellation; the text does not say how the two fit together.

Charges & Financial Obligations · Restriction or exception

Entire reward dollar balance is forfeited if the Card Account is cancelled for any reason

You will forfeit your entire reward dollar balance if your Card Account is cancelled for any reason. The agreement separately gives New York Card Members 90 days to redeem from notification of cancellation; the forfeiture sentence itself does not mention that period, and the text does not spell out how the two fit together.

Supporting quotations

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

Qualifications & exceptions

• Applies if the Card Account is cancelled "for any reason".
• New York Card Members have a 90-day redemption period after notification of cancellation, stated in the neighbouring paragraphs.

Not stated here

• The text does not say how the 90-day period and the forfeiture interact for New York Card Members after the 90 days pass.

Cross-references

• contrast (model-proposed): New York Card Members get 90 days to redeem after cancellation and can redeem while past due — Forfeiture of the whole reward dollar balance on cancellation for any reason sits beside New York Card Members' 90 days to redeem after notification of cancellation; the text does not say how the two fit together.

Account & Service Control · Restriction or exception

The Card is only for Morgan Stanley clients with an Eligible Account; the issuer may cancel if you do not maintain one

The Morgan Stanley Blue Cash Preferred American Express Card is only available for clients who have an Eligible Account with Morgan Stanley Smith Barney LLC (including E*TRADE from Morgan Stanley) or Morgan Stanley Private Bank, National Association. An Eligible Account is a brokerage or bank account held in your name, held by a trust where you are both grantor and trustee, or held as a beneficial owner of a personal holding company, a non-operating limited liability company, a non-operating limited partnership, or a similar legal entity. American Express will only issue the Card to a Morgan Stanley client who is an individual, or an individual associated with a Morgan Stanley client if the client is not itself an individual. Eligibility is subject to change, and American Express may cancel the Card Account and participation in the program if you do not maintain an Eligible Account.

Supporting quotations

Program Eligibility: The Morgan Stanley Blue Cash Preferred® American Express Card is only available for clients who have an Eligible Account with Morgan Stanley Smith Barney LLC (which includes E*TRADE from Morgan Stanley) or Morgan Stanley Private Bank, National Association. An Eligible Account is a brokerage or bank account (i) held in your name, (ii) held by a trust where you are both the grantor and trustee of such trust, or (iii) held as a beneficial owner of a personal holding company, a non-operating limited liability company, a non-operating limited partnership, or a similar legal entity.

American Express will only issue the Card to (1) a Morgan Stanley client who is an individual; and (2) an individual associated with a Morgan Stanley client (if the Morgan Stanley client itself is not an individual). Eligibility is subject to change. American Express may cancel your Card Account and participation in this program if you do not maintain an Eligible Account.

Qualifications & exceptions

• Eligibility is stated as subject to change.
• Cancellation for not maintaining an Eligible Account is a right the issuer "may" use.
• Ties to the forfeiture rule: cancellation leads to loss of the reward dollar balance.

Not stated here

• The text does not say how much notice is given before cancellation for not maintaining an Eligible Account.

Account & Service Control · Restriction or exception

The Card is issued only to Morgan Stanley clients who are individuals, or individuals associated with a client

American Express will only issue the Card to (1) a Morgan Stanley client who is an individual, or (2) an individual associated with a Morgan Stanley client when the client is not itself an individual. The client must hold an Eligible Account, meaning a brokerage or bank account held in your name, held by a trust where you are both the grantor and trustee, or held as a beneficial owner of a personal holding company, a non-operating limited liability company, a non-operating limited partnership or a similar legal entity. Eligibility is subject to change, and American Express may cancel the Card Account and participation in this program if you do not maintain an Eligible Account.

Supporting quotations

American Express will only issue the Card to (1) a Morgan Stanley client who is an individual; and (2) an individual associated with a Morgan Stanley client (if the Morgan Stanley client itself is not an individual). Eligibility is subject to change. American Express may cancel your Card Account and participation in this program if you do not maintain an Eligible Account.

An Eligible Account is a brokerage or bank account (i) held in your name, (ii) held by a trust where you are both the grantor and trustee of such trust, or (iii) held as a beneficial owner of a personal holding company, a non-operating limited liability company, a non-operating limited partnership, or a similar legal entity.

Qualifications & exceptions

• Eligibility is stated as subject to change.
• Cancellation is a right the issuer "may" exercise if an Eligible Account is not maintained.

Not stated here

• The text does not say how much notice is given before cancellation for not maintaining an Eligible Account.

Charges & Financial Obligations · Company commitment

$100 statement credit in a calendar year with $15,000 or more of eligible purchases

If, in any calendar year, the total eligible purchases charged to the Card Account equal $15,000 or more (the Purchase Requirement), you will receive a $100 statement credit. A calendar year is January 1 to December 31 regardless of when the Card Account was opened, so in your first year as a Card Member you may have fewer months to accumulate eligible purchases. Eligible purchases are purchases made on the Card for goods and services minus returns and other credits.

Supporting quotations

How you can receive a $100 Statement Credit each calendar year: If, in any calendar year, the total eligible purchases charged to your Morgan Stanley Blue Cash Preferred® American Express Card Account equal $15,000 or more (Purchase Requirement), you will receive a $100 statement credit ($100 Statement Credit).

A calendar year is from January 1 to December 31 regardless of when you open your Card Account. This means that during your first year as a Card Member you may have fewer months to accumulate eligible purchases towards the $100 Statement Credit Purchase Requirement.

Eligible purchases are purchases made on your Card for goods and services minus returns and other credits.

Qualifications & exceptions

• The Purchase Requirement is measured on eligible purchases within January 1 to December 31.
• First-year Card Members may have fewer months to reach $15,000.

Cross-references

• qualified by (model-proposed): Only the Basic Card Member gets the $100 Statement Credit; Additional Card Members' purchases count toward it — The $100 Statement Credit goes to the Basic Card Member only, while Additional Card Members' purchases count toward the requirement.

Charges & Financial Obligations · Company commitment

The $100 Statement Credit posts within 8 to 12 weeks after the Purchase Requirement is met

The $100 Statement Credit is posted to the account within 8 to 12 weeks after the Purchase Requirement is met. If it has not posted after 12 weeks from the date you met the requirement, call the number on the back of the Card.

Supporting quotations

The $100 Statement Credit will be posted to your account within 8-12 weeks after the Purchase Requirement is met. Please call the number on the back of your Card if the statement credit has not posted after 12 weeks from the date when you met the Purchase Requirement.

Charges & Financial Obligations · Restriction or exception

Only the Basic Card Member gets the $100 Statement Credit; Additional Card Members' purchases count toward it

The benefit is only available to the Basic Card Member, but eligible purchases made by Additional Card Members contribute to the Purchase Requirement. The agreement uses "Basic or Primary Card Member" for the person who applied for the Account and for whom it was opened, and says that person may request a Card for an Additional Card Member.

Supporting quotations

The benefit is only available to the Basic Card Member; however, eligible purchases made by Additional Card Members will contribute to the Purchase Requirement.

We will refer to you as either the Basic or Primary Card Member. You may request a Card for an Additional Card Member.

Qualifications & exceptions

• Benefit recipient: the Basic Card Member only.
• Spending counted: includes purchases by Additional Card Members.

Cross-references

• qualifies (model-proposed): $100 statement credit in a calendar year with $15,000 or more of eligible purchases — The $100 Statement Credit goes to the Basic Card Member only, while Additional Card Members' purchases count toward the requirement.

Charges & Financial Obligations · Restriction or exception

Rewards are only for eligible purchases for personal, family or household use

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

Supporting quotations

Other things you should know about this program: You will only receive rewards for eligible purchases for personal, family or household use.

Qualifications & exceptions

• Stated as a limit on rewards under the program described above.

Not stated here

• The text does not say how purchases that mix personal and business use are treated.

Charges & Financial Obligations · Context

Reward dollars are redeemable for rewards as described, not cash

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

Details not recorded for this card

Supporting quotations

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

Qualifications & exceptions

• Read together with the redemption section: reward dollars are redeemed for statement credits (and other ways the issuer may offer), not paid out as cash.

Charges & Financial Obligations · Permission or license

The issuer may change program terms at its discretion; abuse can forfeit reward dollars

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

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.

Qualifications & exceptions

• Forfeiture for violation or abuse is stated as "may" and covers "some or all" accrued reward dollars.

Not stated here

• What counts as violating or abusing the program is not defined in this passage.
• The text does not say whether or how notice of a change is given.

Legal Rights & Agreement Rules · Context

Using the Account means agreeing to the Agreement; you can cancel before use without paying fees

This document together with Part 1 and Part 3 makes up the Card Member Agreement for the Account identified on page 1 of Part 1, and any supplements or amendments are also part of it. When you use the Account, or 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.

Supporting quotations

Part 1, Part 2, Part 3 and any supplements or amendments make up your Card Member Agreement.

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.

Qualifications & exceptions

• Agreement is shown by using the Account, or signing or keeping the Card.
• The no-fee cancellation applies only if you have neither used the Account nor made a payment after receiving a billing statement.

Legal Rights & Agreement Rules · Permission or license

The issuer may change the Agreement, subject to applicable law; oral changes do not count

The issuer may change this Agreement, subject to applicable law. The written Agreement is a final expression of the agreement governing the Account and may not 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.

Qualifications & exceptions

• Changes are subject to applicable law.

Not stated here

• This passage does not say how or when the issuer notifies you of a change.

Legal Rights & Agreement Rules · Context

Definitions: we, you, Basic or Primary Card Member, Additional Card Member, Card, Closing Date

We, us and our mean the issuer shown on page 1 of Part 1. You and your mean the person who applied for the Account and for whom the Account was opened, referred to as the Basic or Primary Card Member. You may request a Card for an Additional Card Member. Card means any American Express Card or other device that the issuer issues to access your Account. To pay by a certain date means to send your payment so that the issuer receives it and credits 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 that statement.

Details not recorded for this card

Supporting quotations

We, us, and our mean the issuer shown on page 1 of Part 1. 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. Card means any American Express Card or other device that we issue to access your Account.

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

• "Pay by" a date is met only when the payment is received and credited by that date.

Charges & Financial Obligations · Context

Definitions: charge, purchase, cash advance, balance transfer, person-to-person transaction, plan

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 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. 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 a charge to add funds to your Amex Send 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.

Supporting quotations

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 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. 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 a charge to add funds to your Amex SendTM 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.

Qualifications & exceptions

• The cash advance definition is broader than withdrawing cash: it includes cash equivalents and offline and online betting transactions.

Account & Service Control · Restriction or exception

Card use: charges allowed; plans, cash advances and balance transfers are at the issuer's discretion; personal use 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 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.

Qualifications & exceptions

• Plans, cash advances and balance transfers depend on the issuer permitting them, at its discretion.
• Balance transfers from accounts issued by the issuer or its affiliates are not allowed.
• Use is limited to personal, family or household purposes.

Sharing & Disclosure · User right or choice

Merchants may store your Card details; the issuer may update them and you can ask it not to share updates

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, or you may make charges using stored Card information. The issuer may (but is 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 the issuer to share your 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.

Qualifications & exceptions

• Sharing of updates is described as something the issuer "may (but is not required to)" do.
• The opt-out is by contacting the issuer at the number on the back of the Card.

Not stated here

• Which merchants and third parties receive updates is not specified; the text says "certain merchants and third parties".

Security & Safeguards · Company commitment

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

You should keep the Card safe and not let anyone else use it. If the Card is lost or stolen or the Account is being used without your 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.

Account & Service Control · Permission or license

The issuer may decline charges for various reasons and is not responsible for resulting losses

The issuer may decline to authorize 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 any losses you incur if it does not authorize a charge or if any merchant refuses to accept 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.

Qualifications & exceptions

• The reasons given are examples ("various reasons, including").
• The issuer's non-responsibility is stated for losses from non-authorization or merchant refusal.

Charges & Financial Obligations · Restriction or exception

Plan It is offered at the issuer's discretion and is not available in several situations

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. Your ability to create plans depends on factors such as creditworthiness and Credit Limit. You will not be able to 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 will tell you the number of active plans you may have and may change it at any time. Plan durations offered, and whether you can include multiple qualifying purchases or a qualifying amount in one plan, are at the issuer's discretion. You agree to manage the Account so the total of your plan balances, including plan fees, is not more than your Credit Limit.

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.

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 issuer "may" offer Plan It; availability is not promised.
• The bar on creating plans extends to other American Express accounts that are in a payment program, have a returned payment, or are past due.
• Plan balances (with plan fees) are counted against the Credit Limit.

Not stated here

• The text does not say how many active plans are allowed.

Charges & Financial Obligations · Procedure

How a plan works: fee disclosed in advance, and it replaces the purchase APR on the plan balance

You use Plan It by selecting qualifying purchases or a qualifying amount and a plan duration, and you can view the monthly plan payments, including the plan fee, for your selection. 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(s), and other factors. When you set up a plan, the purchases or amount are added to a plan balance and are subject to a plan fee instead of the APR for purchases.

Supporting quotations

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

• The plan fee applies instead of the APR for purchases on the amount in the plan.

Not stated here

• The "other factors" behind the plan fee are not listed.

Cross-references

• refers to (model-proposed): Plan fee: a monthly fixed finance charge of up to 1.33% — How Plan It works in Part 2 explains the plan fee that Part 1 lists.

Charges & Financial Obligations · Restriction or exception

What qualifies for Plan It, and what does not

A qualifying purchase for Plan It is a purchase of at least a specified dollar amount, and 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.

Qualifications & exceptions

• Exclusions: cash or cash equivalents, balance transfers (if offered), purchases subject to Foreign Transaction Fees, and fees such as Annual Fees.

Not stated here

• The specified dollar amount for a qualifying purchase and the specified portion for a qualifying amount are not stated.

Charges & Financial Obligations · Restriction or exception

No new plans if the Account is cancelled or an American Express account is in a payment program, returned or past due

The issuer permits plans only at its discretion, and your ability to create plans depends on factors such as creditworthiness and 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, has a payment that is returned unpaid, or is past due. The bar reaches your other American Express accounts, not only this Account.

Supporting quotations

At our discretion, we may permit you to create plans, make cash advances or balance transfers.

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.

Qualifications & exceptions

• Applies when any one of your American Express accounts is in a payment program, has a returned payment, or is past due.

Charges & Financial Obligations · Restriction or exception

The issuer sets how many plans you may have and their durations; plan balances count against the Credit Limit

The issuer will tell you the number of active plans you may have and may change that number at any time. The plan durations offered, and whether you can include multiple qualifying purchases or a qualifying amount in one plan, are at the issuer's discretion and based on factors such as creditworthiness, the purchase amount(s) and your Account history. You agree to manage your Account so the total of your plan balances, including plan fees, is not more than your Credit Limit.

Supporting quotations

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 issuer may change the number of active plans at any time.
• Durations and bundling of purchases are at the issuer's discretion.

Not stated here

• The number of active plans is not stated in this agreement text.

Charges & Financial Obligations · User right or choice

Plans cannot be cancelled, but paying the New Balance in full pays a plan off early and ends its plan fees

Plans cannot be cancelled after they have been created. 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.

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.

Qualifications & exceptions

• Early payoff is by paying the New Balance on the most recent statement in full.

Charges & Financial Obligations · Company commitment

You promise to pay all charges and must pay at least the Minimum Payment Due by the Payment Due Date

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. 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. Paying by a date means sending the payment so the issuer receives it and credits it to the Account by that date.

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.

Qualifications & exceptions

• The promise covers charges made by Additional Card Members and by others you permit.
• The deadline is the Payment Due Date shown on the statement, and the payment must be received and credited by then.

Charges & Financial Obligations · Procedure

Payments must be in U.S. dollars by check, negotiable instrument or electronic payment clearable in the U.S.

Make payments in U.S. dollars with 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.

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.

Charges & Financial Obligations · Procedure

Payments by mail: one payment per Account, to the coupon address, with the Account number and coupon

When paying by mail, make a separate payment for each Account, mail it 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.

Supporting quotations

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 commitment

A compliant payment is credited the day received if on time; later receipts are credited the next day

If your payment meets the requirements above, the issuer credits it to your Account as of the day it is received, as long as it is received by the time and in the manner disclosed in your billing statement. If it is received after that time, the issuer credits it on the day after it is received.

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.

Qualifications & exceptions

• The cutoff time and manner are those disclosed in the billing statement, not stated here.

Not stated here

• The cutoff time is not given in this agreement text.

Charges & Financial Obligations · Restriction or exception

A payment that does not meet the requirements may be credited late, which can lead to late fees and extra interest

If your payment does not meet the requirements above, there may be a delay in crediting your Account. This may result in late payment fees and additional interest charges. The text directs readers to How Rates and Fees Work in Part 1 for those charges.

Supporting quotations

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).

Qualifications & exceptions

• Stated as "may": the delay and charges are possible results, not guaranteed ones.

Charges & Financial Obligations · Restriction or exception

Foreign currency and non-U.S. bank payments are refused; late or partial payments change nothing

The issuer 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 the issuer 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.

Qualifications & exceptions

• The no-effect statement covers late payments, partial payments and payments marked with restrictive language.

Charges & Financial Obligations · Company practice

Payments go to Plan amounts and lowest-rate balances up to the minimum, then highest-rate balances first

Your Account may have balances with different interest rates (for example, purchases may have a lower rate than cash advances) and Plan balances with plan fees. Generally, in a billing period the issuer applies payments up to the Minimum Payment Due first to any Plan amounts included in the Minimum Payment Due, then to the balance with the lowest interest rate, then to balances with higher rates. After the Minimum Payment Due has been paid, payments go to the balance with the highest interest rate, then to balances with lower rates, 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

• Described as how the issuer "generally" applies payments.
• The order differs for the part of a payment up to the Minimum Payment Due and the part above it.

Charges & Financial Obligations · Company practice

Credits generally go to the same balance as the related charge; excess credits are redistributed

In most cases the issuer applies a credit to the same balance as the related charge (a credit for a purchase goes to the purchase balance). It may apply payments and credits within balances, and among balances with the same interest rate, in any order it chooses. If any balance is negative at the end of a billing period, the excess credit is redistributed to other balances under the payment order described above, which in some circumstances means Plan balances may be 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.

Qualifications & exceptions

• "In most cases" the credit follows the related charge.
• For a purchase placed into a plan, the credit reaches the Plan balance only if you call.

Charges & Financial Obligations · Company practice

Interest is figured separately on each balance with the Average Daily Balance method, including new transactions

The issuer calculates 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, and balances within each category may also have different 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.

Supporting quotations

How we calculate interest: 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.

Charges & Financial Obligations · Procedure

Interest equals Average Daily Balance times Daily Periodic Rate times days; a DPR is 1/365th of an APR

Except for rounding, the interest charged for a balance in a billing period equals the Average Daily Balance (ADB) multiplied by the Daily Periodic Rate (DPR) multiplied by the number of days in the billing period. The ADB is the sum of the balance's daily balances divided 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", but the published agreement does not list any DPR values there: the Rates and Fees Table gives APRs as Prime Rate plus a margin, with no DPR figures. This card does not compute DPR values from the APRs or take them from elsewhere.

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.

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. 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.

Qualifications & exceptions

• Variations caused by rounding are excluded from the formula.
• A DPR is stated as 1/365th of an APR, rounded to one ten-thousandth of a percentage point.

Not stated here

• The Daily Periodic Rate values are not shown in the published Card Member Agreement, although the text says they are shown in How Rates and Fees Work in Part 1; this card states that gap and does not fill it.

Charges & Financial Obligations · Procedure

How the Average Daily Balance is figured

To get the ADB for a balance, the issuer adds up its daily balances and divides the result by the number of days in the billing period. The ADB is then multiplied by the DPR and the number of days in the billing period to give the interest charged. The billing period is the period ending on the Closing Date shown on each billing statement.

Supporting quotations

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.

number of days in the billing period.

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

Charges & Financial Obligations · Context

A DPR is 1/365th of an APR, but the agreement does not show the DPR values it points to

A DPR (Daily Periodic Rate) 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." The published agreement does not list any DPR there: the How Rates and Fees Work section holds the Explanation of Variable Rates, Determining the Prime Rate, Fees and limits, and the Rates and Fees Table gives APRs as the Prime Rate plus a margin (some as a range) with no DPR values. The agreement also says variable APRs and their "corresponding DPRs" rise when the Prime Rate increases. This card does not work out DPR values from the APRs or take them from another agreement or a cardholder'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.

Qualifications & exceptions

• DPR is defined as 1/365th of an APR, rounded to one ten-thousandth of a percentage point.
• The DPR values themselves are not in the published agreement.

Not stated here

• The Daily Periodic Rate values the agreement refers to are not shown in the published Card Member Agreement and are not supplied here.

Cross-references

• referred to by (model-proposed): Variable APRs rise with the Prime Rate, change from the first day of the billing period, and are capped at 29.99% — The variable rate explanation mentions corresponding DPRs, which the DPR card defines and notes are not shown in the published agreement.

Charges & Financial Obligations · Context

Worked example: 15.99% rate, $2,250 ADB, 30 days gives a 0.0438% DPR and $29.57 interest

The agreement's illustration assumes a single interest rate of 15.99%, an ADB of $2,250 and 30 days in the billing period. The DPR is 15.99% divided by 365 days, which equals 0.0438%. The interest is $2,250 multiplied by 0.0438% multiplied by 30 days, which equals $29.57. The rate and balance are assumptions for the illustration, not this Card's rates.

Supporting quotations

EXAMPLE: Calculating Interest

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

• Illustrative numbers only; 15.99% is an assumed single rate, not one of this Card's APRs.

Charges & Financial Obligations · Procedure

Daily balance: beginning balance plus new charges minus payments and credits, floored at zero

The issuer figures 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. A new charge is added to a daily balance as of its transaction date. If the daily balance is negative, the issuer treats it as zero.

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.

Qualifications & exceptions

• A negative daily balance is treated as zero.
• "Appropriate adjustments" are not described.

Not stated here

• What the "appropriate adjustments" are is not explained.

Charges & Financial Obligations · Company practice

Interest compounds daily because each day's beginning balance includes the previous day's interest

For the first day of a billing period, the beginning balance is the ending balance of 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 interest equal to the previous day's daily balance multiplied by the DPR for that balance. The agreement states that this method results in daily compounding of interest.

Supporting quotations

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.

Charges & Financial Obligations · Permission or license

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

To figure the ADB 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.

Qualifications & exceptions

• Other methods must "produce equivalent results".
• Not charging interest on certain charges is at the issuer's choice ("may choose").

Not stated here

• Which types of charges might not bear interest is not stated.

Legal Rights & Agreement Rules · User right or choice

Military Lending Act: credit cost to covered borrowers may not exceed a 36 percent annual percentage rate

Federal law gives protections to members of the Armed Forces and their dependents for consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and a dependent may not exceed an annual percentage rate of 36 percent. That rate must include, as applicable to the credit transaction or Account, credit insurance premiums, fees for ancillary products sold with the credit, any application fee (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).

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).

Qualifications & exceptions

• Described as the general rule ("In general"), with exceptions for certain application and participation fees.
• Applies to members of the Armed Forces and their dependents.

Not stated here

• Which application and participation fees are the excepted ones is not specified in this passage.

Legal Rights & Agreement Rules · User right or choice

Covered borrowers under the Military Lending Act are not bound by the Arbitration provision, but may elect arbitration

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, the issuer will comply with its obligations under the Claims Resolution section. To listen to this statement and a description of your payment obligation for this Account, you can call 855-531-0379.

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

• Applies to covered borrowers under the Military Lending Act.
• The election to arbitrate is the covered borrower's; the issuer commits to comply if arbitration is elected.

Not stated here

• The Claims Resolution section is in a later part of the agreement; its terms are not restated here.

Cross-references

• exception to (model-proposed): Either side may elect individual arbitration, which replaces court, jury trial and class participation — For a covered borrower under the Military Lending Act the Arbitration provision does not apply, unless the borrower elects arbitration.

Account & Service Control · Permission or license

Additional Cards are issued at your request, and the issuer may report their use to credit reporting agencies

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 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 the Agreement (this Part 1 lists the Annual Fee for Additional Cards as None).

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.

Qualifications & exceptions

• Issuance is at your request and described as something the issuer "may" do.

Account & Service Control · Company commitment

You answer for all Additional Card Member use and authorize the issuer to share Account information with them

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 the issuer to give Additional Card Members information about your Account and to discuss it with them. Contact the issuer if you want to cancel an Additional Card Member's ability to use your Account.

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.

Qualifications & exceptions

• Responsibility extends to anyone an Additional Card Member allows to use the Account.

Charges & Financial Obligations · Context

If an Annual Fee applies to an Additional Card, the Part 3 refund policy applies

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

Supporting quotations

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.

Qualifications & exceptions

• Applies only if an Annual Fee applies to Additional Cards; Part 1 here lists none.

Not stated here

• The refund policy itself is in Part 3 and is not restated here.

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, which is when it is sent rather than when you read it.

Supporting quotations

How we may contact you:

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 is considered given on mailing or electronic delivery.

Not stated here

• The text does not say which method is used for which notice.

Use & Processing · Permission or license

You authorize the issuer and its agents to contact you by any permitted means, including automated dialers and texts

If the issuer needs to contact you to service your account or collect amounts you owe, you authorize it (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. It may contact you in any way permitted by law, such as calling, texting, emailing or sending mobile application push notifications, 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.

Qualifications & exceptions

• Contact methods are those "permitted by law".
• Contact may be at numbers or addresses you did not give, if the issuer believes it can reach you there.
• Extends to affiliates, agents and contractors such as debt collection agencies.

Data Access & Collection · Company practice

The issuer may monitor and record calls between you and it

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

Supporting quotations

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

Account & Service Control · Company commitment

You must tell the issuer immediately about contact changes, for each Account; it may update a billing address

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 need to 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 · Restriction or exception

If the issuer credits a disputed charge, you assign it your claims against the merchant (except tort claims)

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. You agree not to pursue any claim against the merchant for the credited amount, and you must cooperate with the issuer if it decides to do so.

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

• Applies only if the issuer credits the Account for all or part of the disputed charge.
• Tort claims are excluded from the assignment.
• Covers the credited amount.

Data Access & Collection · Permission or license

The issuer will obtain credit reports and other information about you and may use it for any purposes, such as marketing

You agree that the issuer 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. You also agree that the issuer will use such information for any purposes, for example marketing to you or evaluating you for a new account, subject to applicable law.

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.

Qualifications & exceptions

• Use is for "any purposes", with marketing and evaluating you for a new account given as examples, and is subject to applicable law.

Sharing & Disclosure · Company practice

The issuer reports Account information to credit reporting agencies and tells them if you fail to comply

You agree that the issuer 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 terms of the Agreement, which may have a negative impact on your credit report. If you believe information given to a credit reporting agency is incorrect, you can write to American Express Credit Bureau Unit, P.O. Box 981537, El Paso, TX 79998-1537, telling it the specific information you believe is incorrect.

Supporting quotations

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.

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.

Qualifications & exceptions

• The report of non-compliance may negatively affect your credit report.

Account & Service Control · Restriction or exception

The issuer may treat the Account as in default for violations, false information, bankruptcy or inability to pay

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

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

• Stated as "may consider": a right, not an automatic default.
• One ground is the issuer's own belief that you are unable or unwilling to pay your debts when due.

Not stated here

• Any other agreement you have with the issuer or an affiliate is not supplied here, so this card cannot say what counts as a default under it.
• What counts as a violation of a provision, or as false information, is not defined in this passage.

Account & Service Control · Permission or license

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

If the issuer considers your Account in default, or if 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 your Account, require you to pay more than your Minimum Payment Due immediately, and require you to pay your 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 what federal and applicable state law permit.
• Triggered by default, incapacity or death.

Charges & Financial Obligations · Company practice

You agree to pay 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.

Qualifications & exceptions

• Costs must be "reasonable".

Account & Service Control · Permission or license

The issuer may cancel or suspend the Account 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 on your Account. If it does any of these, you must still pay for all charges under the terms of the Agreement; a charge is any amount added to the Account, such as purchases, cash advances, balance transfers, fees and interest. If it later agrees to reinstate the Account, it may reinstate any additional Cards issued on your Account and charge you any 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.

A charge is any amount added to your Account, such as purchases, cash advances, balance transfers, fees, and interest charges.

Qualifications & exceptions

• No reason is required: "at any time and for any reason".
• Reinstatement is at the issuer's agreement and may carry annual fees and a reinstatement fee.

Not stated here

• The reinstatement fee amount is not stated in this paragraph; the following paragraph states a $25 fee if a cancelled account is re-opened at your request.

Charges & Financial Obligations · User right or choice

You may close the Account; the Annual Fee is refunded only if you close within 30 days after the Closing Date

You may close your Account by calling or writing to the issuer. If an Annual Fee applies, the issuer will refund it if you notify it that you are voluntarily closing the Account within 30 days after the Closing Date of the billing statement on which that fee appears. For cancellations after the 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". The text does not say what applies to a Massachusetts billing address instead.

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.

Qualifications & exceptions

• Refund requires voluntary closing and notice within 30 days after the Closing Date of the statement showing the fee.
• Massachusetts billing address: the stated policy does not apply.

Not stated here

• The Massachusetts sentence says the policy will not apply but does not say what applies in its place, or whether "this policy" means the refund rule or the non-refund rule.

Charges & Financial Obligations · Company practice

A $25 fee may be charged if a cancelled Account is re-opened at your request

If your account is cancelled and the issuer re-opens it at your request, it may charge you a $25 fee. This matches the $25 Account Re-opening fee in How Rates and Fees Work in Part 1.

Supporting quotations

If your account is cancelled and we re-open it at your request, we may charge you a $25 fee.

Qualifications & exceptions

• Stated as "may charge" in this paragraph; Part 1 states the fee as $25 if the Account is cancelled, you ask to re-open it, and the issuer does so.

Cross-references

• refers to (model-proposed): Account re-opening fee: $25 — The Part 3 closing section repeats the $25 fee stated in How Rates and Fees Work.

Use & Processing · Permission or license

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

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

Qualifications & exceptions

• Withdrawal may happen as soon as the same day the check is received.
• The check is not returned to you.
• The issuer may instead process the payment as a check in certain circumstances, which are not specified.

Not stated here

• The circumstances in which the payment is processed as a check transaction are not described.

Charges & Financial Obligations · Company practice

Foreign currency charges are converted to U.S. dollars by AEEML at a rate no higher than the stated ceiling

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 the issuer bills you in U.S. dollars on that conversion. Unless a particular rate is required by law, AEEML chooses a conversion rate that is 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 those establishments use. The 2.7% foreign transaction fee in Part 1 is figured on 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. ("AEEML") 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.

A charge is any amount added to your Account, such as purchases, cash advances, balance transfers, fees, and interest charges.

Qualifications & exceptions

• The rate is a ceiling ("no more than"), not a guaranteed rate; the text does not say the lowest available rate is used.
• The conversion date is the date the issuer or its agents process the charge, which can differ from the date of the charge.
• Establishments such as airlines that convert charges themselves are billed at their own rates.

Not stated here

• The actual rate used for any charge is not stated; the text gives only the ceiling and the selection rule.

Cross-references

• defines (model-proposed): Foreign transaction fee: 2.7% of the amount converted to US dollars — The conversion terms in Part 3 define how the converted U.S. dollar amount behind the 2.7% foreign transaction fee is reached.

Data Access & Collection · Company practice

Charges at federal agencies: charge information is collected and may be aggregated for reporting, analysis and marketing

Some federal agencies may accept the Card under authority of statute. When you make charges at these agencies, the issuer collects certain charge information. That information may be put to routine uses such as processing, billing and collections, and 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.

Qualifications & exceptions

• Applies to charges made at federal agencies that accept the Card.
• Uses are stated as "may", including aggregation for reporting, analysis and marketing.

Not stated here

• Which charge information is collected is described only as "certain charge information".
• The Federal Register publications are not supplied here.

Sharing & Disclosure · Company practice

The issuer or affiliates may tell you about products that may have a fee; compensation may influence what they mention

The issuer or its affiliates may tell you about insurance and non-insurance products, services or features that may have a fee. One affiliate may act on behalf of a provider of these products and may be compensated for this. 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. Compensation may influence what 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.

Qualifications & exceptions

• Stated as "may" throughout; the passage describes possible fees and compensation, not specific products.

Not stated here

• The products, fees and compensation amounts are not named.

Sharing & Disclosure · Company practice

The issuer may share information about you with affiliates to identify products of interest and may be compensated

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.

Qualifications & exceptions

• Purpose given is for affiliates to identify products that may interest you.
• Compensation to the issuer is stated as possible ("may be").

Not stated here

• Which information is shared, and any choice to limit sharing, is not described in this passage.

Account & Service Control · Permission or license

The issuer may add, modify or remove any benefit, feature or service 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.

Not stated here

• The text does not say whether notice is given before a benefit is changed or removed.

Legal Rights & Agreement Rules · Permission or license

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

The issuer may sell, transfer or assign this Agreement and your Account, and may do so 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.

Qualifications & exceptions

• No notice to you is required for the issuer's transfer.

Legal Rights & Agreement Rules · Restriction or exception

Delaying or not enforcing a right does not waive it

The issuer may choose to delay enforcing or to not 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; Maryland billing addresses get a stated election under Maryland law

Utah law and federal law govern the Agreement and your Account, without regard to internal principles of conflicts of law. The issuer says it entered into the Agreement with you in Utah, where it is located and holds your Account. For Maryland residents: if your Account has a Maryland billing address, the issuer elects 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.

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 to Accounts with a Maryland billing address, and only "to the extent, if any, that Maryland law applies".

Not stated here

• Title 12, Subtitle 9 of the Maryland Commercial Law Article is not supplied here, so this card cannot say what it provides.
• Whether Maryland law applies to a particular Account is not stated.

Charges & Financial Obligations · User right or choice

Notice to Oregon residents: service charges within legal limits, and you may pay more than the minimum at any time

For 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.

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.

Qualifications & exceptions

• Stated under a notice for Oregon residents.

Not stated here

• The notice 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 caused solely by delayed posting of a return credit, if you notified the issuer

For residents of Washington State, the notice cites Section 63.14.167 of the Revised Code of Washington Statutes and says 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

• Covers interest charges resulting solely from the delay.
• Stated under a notice for residents of Washington State.
• For the merchant-delay case the text conditions the protection on your having notified the issuer of the merchant's delay in posting the credit.

Not stated here

• The cited statute (Section 63.14.167, Revised Code of Washington) is not supplied here, so this card cannot say what it provides beyond the notice's own wording.
• The sentence's structure does not make clear whether the notice requirement also applies to the issuer's own delay in posting the credit.

Legal Rights & Agreement Rules · Context

Call Customer Service first; disputes go to mediation, arbitration or litigation; arbitration can be rejected

The issuer says most concerns can be resolved by calling Customer Service at the number on the back of the Card. If Customer Service cannot resolve a complaint to your satisfaction, this section explains how claims can be resolved through mediation, arbitration or litigation. It includes an arbitration provision, which you may reject by sending written notice within 45 days after your first Card purchase. The separate rejection paragraph says the rejection notice must be mailed within 45 days after your first Card purchase.

Supporting quotations

Claims Resolution

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 window is 45 days after your first Card purchase.
• The details of the rejection notice are in the Your Right to Reject Arbitration paragraph.

Cross-references

• narrowed by (model-proposed): Rejecting arbitration: written notice mailed within 45 days with name, address, Account number and signature — The rejection paragraph gives the full requirements behind the overview's 45 day rejection summary.

Legal Rights & Agreement Rules · Restriction or exception

In this section, you and us include parents, subsidiaries, affiliates and related persons; claims cannot be sold

For the Claims Resolution section, "you" and "us" include any corporate parents, subsidiaries, affiliates or related persons or entities. Outside this section, "you" and "your" mean the person who applied for the Account and for whom it was opened. 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.

You may not sell, assign or transfer a claim.

You and your mean the person who applied for this Account and for whom we opened the Account.

Qualifications & exceptions

• The wider meaning of "you and us" applies for this section.

Legal Rights & Agreement Rules · Context

"Claim" covers any current or future dispute about the Account, Agreement or relationship, with a long list of examples

"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 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.

Supporting quotations

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.

Qualifications & exceptions

• Includes current and future claims, and claims about any agreement or relationship you have or had with the issuer.
• The listed examples are not exhaustive ("includes but is not limited to").
• Disputes over the validity, enforceability or scope of the Arbitration provision itself are carved out of the definition.

Legal Rights & Agreement Rules · Procedure

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

Before beginning a lawsuit, mediation or arbitration, you and the issuer agree to send a written notice (a claim notice) to each party against whom a claim is asserted, to give 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 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 goes to arbitration, the relief demanded in a claim notice is not disclosed to the arbitrator until after the arbitrator rules. A sample claim notice is at americanexpress.com/claim.

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. Go to americanexpress.com/claim for a sample claim notice. 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.

Qualifications & exceptions

• A claim notice is required before a lawsuit, mediation or arbitration.
• Notice to you may be given on your billing statement.

Legal Rights & Agreement Rules · Procedure

Mediation: either side may submit within 30 days of a claim notice, and the issuer pays the mediator

In mediation, a neutral mediator helps parties resolve a claim but does not decide it. Before beginning 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.

Qualifications & exceptions

• Submission window is 30 days after sending or receiving a claim notice.
• The issuer pays the mediator's fees, as the text states for mediation.

Legal Rights & Agreement Rules · Procedure

Mediation is confidential, pauses limitation periods, and can be ended at any time without losing the right to arbitrate

All mediation-related communications are confidential, inadmissible in court and not subject to discovery. All applicable statutes of limitation are tolled from the date you or the issuer send the claim notice until termination of the mediation. Either side may terminate the mediation at any time. Submitting or failing to submit 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.

Qualifications & exceptions

• Tolling runs from the claim notice date until the mediation ends.

Legal Rights & Agreement Rules · Restriction or exception

Either side may elect individual arbitration, which replaces court, jury trial and class participation

You or the issuer may elect to resolve any claim by individual arbitration, decided by a neutral arbitrator. If any party chooses arbitration, neither side has the right to litigate that claim in court or have a jury trial on it, or to participate in a representative capacity or as a class member for claims subject to arbitration. Arbitration procedures are generally simpler than court rules and discovery is more limited. The arbitrator's authority is limited to claims between you and the issuer, claims may not be joined or consolidated unless both agree in writing, and an award applies only to the specific case. The arbitrator's decisions are as enforceable as a court order and subject to very limited court review. Except as set forth below, the decision is final and binding; the Arbitration Procedures paragraph provides that a party may start an appeal by notifying the arbitration organization and all parties in writing within 35 days after the award is issued. The election can be made at any time unless the claim has been filed in court and trial has begun or final judgment has been entered. Other rights you or the issuer would have in court may also not be available.

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.

Arbitration procedures are generally simpler than the rules that apply in court, and discovery is more limited. 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.

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.

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.

Qualifications & exceptions

• Election by either party is enough: "If arbitration is chosen by any party".
• Class and representative participation is not available for claims subject to arbitration.
• The election window closes once trial has begun in court or final judgment has been entered.
• Final and binding "except as set forth below", with an appeal described in the Arbitration Procedures paragraph.

Cross-references

• has exception (model-proposed): Covered borrowers under the Military Lending Act are not bound by the Arbitration provision, but may elect arbitration — For a covered borrower under the Military Lending Act the Arbitration provision does not apply, unless the borrower elects arbitration.
• has exception (model-proposed): The issuer will not elect arbitration for an individual claim pending only in small claims court — The issuer will not elect arbitration for an individual claim pending only in small claims court, an exception to either side's ability to elect arbitration.

Legal Rights & Agreement Rules · Procedure

To start arbitration, send a claim notice first; claims go to JAMS or AAA chosen by the electing party

Before beginning arbitration, you or the issuer must first send a claim notice. Claims are referred to 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 its selection. Claims also may 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, 9 U.S.C. sec. 1-16 (FAA).

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. Contact JAMS or AAA to begin an arbitration or for other information.

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).

Qualifications & exceptions

• The organization's rules apply except where they conflict with the Agreement.
• You have 30 days to select the other organization if the issuer chooses first.

Not stated here

• The Federal Arbitration Act text is not supplied here, so this card cannot say what section 5 provides.
• The rules of JAMS and AAA are not supplied here.

Legal Rights & Agreement Rules · Company commitment

The issuer will not elect arbitration for an individual claim pending only in small claims court

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.

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.

Qualifications & exceptions

• The commitment holds only while the claim is individual and pending only in small claims court.
• Outside that case, either side's election window closes once trial has begun or final judgment has been entered.

Cross-references

• exception to (model-proposed): Either side may elect individual arbitration, which replaces court, jury trial and class participation — The issuer will not elect arbitration for an individual claim pending only in small claims court, an exception to either side's ability to elect arbitration.

Legal Rights & Agreement Rules · Restriction or exception

Delaying or not exercising arbitration rights does not waive them

Either you or the issuer may delay enforcing or not exercise rights under the Arbitration provision, including the right to arbitrate a claim, without waiving the right to exercise or enforce those rights.

Details not recorded for this card

Supporting quotations

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.

Legal Rights & Agreement Rules · Restriction or exception

Arbitration is individual only: no class or representative arbitration

If either party elects to resolve a claim by arbitration, that 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.

Legal Rights & Agreement Rules · Restriction or exception

If the Limitations on Arbitration are held invalid, the whole Arbitration provision does not apply

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, notwithstanding any other provision and without waiving the right to appeal that decision. This is separate from the general rule at the end of the section that other invalid portions do not invalidate the rest, which excepts the Limitations on Arbitration subsection.

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.

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

• Applies to invalidity of any portion of the Limitations on Arbitration, not of other portions.

Legal Rights & Agreement Rules · Procedure

Arbitration procedure: FAA governs, confidentiality applies, and claims of $10,000 or less choose the hearing format

The Arbitration provision is governed by the 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 the arbitration will be confidential and that the issuer will not disclose the content of the proceeding or its outcome to anyone, but either of you may notify any government authority of the claim as permitted or required by law. If your claim is for $10,000 or less, you may choose whether it is decided solely on documents, through a telephonic hearing, or by an in-person hearing. At any party's request, the arbitrator provides a brief written explanation of the award. 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.

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. 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.

Qualifications & exceptions

• The choice of hearing format is yours when your claim is for $10,000 or less.
• Confidentiality has an express exception for notifying a government authority.
• Hearings are in your federal judicial district of residence at your election.

Not stated here

• The text of the FAA is not supplied here.

Legal Rights & Agreement Rules · Procedure

Awards are final and binding, subject to a written appeal within 35 days decided anew by a three-arbitrator panel

Except as set forth in the appeal terms, the arbitrator's decision is final and binding. The arbitrator's award is 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 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, and the appeal otherwise proceeds under the organization's appellate rules, which are among the selected organization's rules that apply except where they conflict with the Agreement. Judgment on any award may be entered in any court having jurisdiction.

Supporting quotations

Except as set forth below, the arbitrator's decision will be final and binding.

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.

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.

Qualifications & exceptions

• Appeal notice must be in writing, to the arbitration organization and all parties, within 35 days of the award.
• The panel decides anew by majority vote on written submissions.

Not stated here

• The arbitration organization's appellate rules are not supplied here.

Legal Rights & Agreement Rules · Company commitment

You pay only your share of arbitration fees, capped at what a court filing fee would be; the issuer pays the rest

You are 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. 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 arbitration fees, or paying the reasonable fees of an expert appointed by the arbitrator for good cause.

Supporting quotations

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.

Qualifications & exceptions

• Your share is capped at the court filing fee you would have incurred.
• The advance or expert-fee payment is subject to the issuer's good-faith consideration of your written request, not a promise to pay.

Legal Rights & Agreement Rules · Company commitment

If the arbitrator awards more than the issuer's final offer, the award includes at least $5,000 plus 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

• Applies only when the award is greater than any final offer the issuer made before the final hearing.
• The $5,000 floor applies to the money component under item (1).

Legal Rights & Agreement Rules · User right or choice

Rejecting arbitration: written notice mailed within 45 days with name, address, Account number and signature

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

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.

Qualifications & exceptions

• Deadline: mailed within 45 days after your first Card purchase.
• Required contents: a statement of rejection, name, address, Account number and personal signature; no one else may sign.

Cross-references

• narrows (model-proposed): Call Customer Service first; disputes go to mediation, arbitration or litigation; arbitration can be rejected — The rejection paragraph gives the full requirements behind the overview's 45 day rejection summary.

Legal Rights & Agreement Rules · User right or choice

A valid rejection also reaches arbitration terms of your other open American Express accounts, with exceptions

If your rejection notice complies with the requirements, 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 at the time you send your rejection notice. Rejection does not affect your other rights or responsibilities under the Claims Resolution section or the Agreement, and does not affect your ability to use your Card or any other benefit, product or service you may have with your Account.

Supporting quotations

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

• Reaches arbitration provisions in agreements for other currently open American Express accounts, except Corporate Card accounts and claims already in pending litigation or arbitration.

Legal Rights & Agreement Rules · Restriction or exception

The Claims Resolution section survives termination, payoff, collection, bankruptcy and sale of the Account

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; if the Account is sold, its terms apply to the buyer.

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).

Legal Rights & Agreement Rules · Context

Which agreement this is, who issues it, and its date

This is Part 1 of 3 of the Card Member Agreement for the Morgan Stanley Blue Cash Preferred American Express Card. The document states it is "As of: 06/30/2026" and names American Express National Bank as the issuer. The same issuer is what "we", "us" and "our" mean elsewhere in the agreement ("the issuer shown on page 1 of Part 1"). The agreement is made up of Part 1, Part 2, Part 3 and any supplements or amendments.

Supporting quotations

Card Member Agreement: Part 1 of 3

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

Morgan Stanley Blue Cash Preferred® American Express Card

Qualifications & exceptions

• The 06/30/2026 date is the one printed on the document as "As of"; the text of this packet does not say what the date marks (for example an effective date or a revision date).

Not stated here

• What the "As of" date means (effective date, revision date or other) is not explained in this passage.

Charges & Financial Obligations · Company practice

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

The Rates and Fees Table sets the purchase APR and the balance transfer APR as a variable rate between the Prime Rate plus 12.74% and the Prime Rate plus 21.74%. The balance transfer rate applies only to balance transfer requests the issuer may accept; the text does not promise that any request will be accepted. Both rates are variable, and the table sends the reader to the Explanation of Variable Rates for how they move. Part 2 defines a purchase as a charge for goods, services, or person-to-person transactions.

Supporting quotations

Prime Rate + 12.74% to Prime Rate + 21.74% This is a variable APR. See Explanation of Variable Rates below.

Prime Rate + 12.74% to Prime Rate + 21.74% for any balance transfer requests we may accept. This is a variable APR. See Explanation of Variable Rates below.

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

Qualifications & exceptions

• Both rates are expressed as a range (Prime Rate + 12.74% to Prime Rate + 21.74%), not a single rate.
• The balance transfer APR is for "any balance transfer requests we may accept"; acceptance is not guaranteed by this text.

Not stated here

• The table does not say which point in the range applies to a particular cardholder or what decides it.
• The table does not show the resulting percentage; it depends on the Prime Rate, which changes.

Charges & Financial Obligations · Company practice

Cash advance APR is variable, Prime Rate plus 21.99%

Cash advances carry a variable APR of the Prime Rate plus 21.99%, a single margin rather than a range. It is higher than the starting margin for purchases (12.74%). What counts as a cash advance is defined in Part 2 (see the definitions card).

Supporting quotations

Prime Rate + 21.99% This is a variable APR. See Explanation of Variable Rates below.

Qualifications & exceptions

• Variable rate; see the Explanation of Variable Rates for how changes in the Prime Rate take effect.

Charges & Financial Obligations · Restriction or exception

Penalty APR of Prime Rate plus 26.74% can be applied to new transactions

The issuer states it has the right to apply a variable Penalty APR of the Prime Rate plus 26.74% to new Transactions if either (1) you do not pay at least the Minimum Payment Due by the Payment Due Date, or (2) your payment is returned by your bank, in which case the issuer says it will notify you if it does so. The text describes a right the issuer holds ("We have the right to apply"), not an automatic effect.

Supporting quotations

Prime Rate + 26.74% This is a variable APR. See Explanation of Variable Rates below.

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.

Qualifications & exceptions

• Applies to new Transactions, as the table words it, not described here as applying to existing balances.
• The right arises on either of two triggers: a missed Minimum Payment Due by the Payment Due Date, or a payment returned by your bank.
• The issuer says it will notify you if the penalty APR is applied after a returned payment.

Not stated here

• The table does not say how the notice is given or when.

Cross-references

• qualified by (model-proposed): Once applied, the penalty APR lasts at least 6 months and is reviewed every 6 months — How long the penalty APR applies and how it ends qualifies the trigger described for applying it.

Charges & Financial Obligations · Restriction or exception

Once applied, the penalty APR lasts at least 6 months and is reviewed every 6 months

If the penalty APR is applied, it applies for at least 6 months. The issuer reviews the Account every 6 months after the penalty APR is applied. It continues to apply until you have made timely payments with no returned payments during the 6 months being reviewed.

Supporting quotations

How Long Will the Penalty APR Apply? 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

• Minimum period is 6 months; the end depends on the review result.
• Ending requires both timely payments and no returned payments in the 6 months being reviewed.

Not stated here

• The text does not define "timely" beyond the Payment Due Date wording elsewhere in the table, and does not say what the rate becomes after the penalty APR stops applying.

Cross-references

• qualifies (model-proposed): Penalty APR of Prime Rate plus 26.74% can be applied to new transactions — How long the penalty APR applies and how it ends qualifies the trigger described for applying it.

Charges & Financial Obligations · Company commitment

No interest on purchases if paid in full each month; cash advances and transfers accrue from the transaction date

The Due Date is at least 25 days after the close of each billing period. 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). Interest on cash advances and balance transfers begins on the transaction date, so the pay-in-full exemption described here is stated for purchases only.

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.

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

Qualifications & exceptions

• The no-interest result is stated for purchases only and depends on paying the entire balance (or the balance adjusted for plans if a plan is outstanding) by the due date each month.
• Interest on cash advances and balance transfers begins on the transaction date; no grace period is described for them.

Not stated here

• How the balance "adjusted for plans" is worked out is not explained in this passage.

Cross-references

• referred to by (model-proposed): No interest on purchases during an Interest Free Period — The Interest Free Period terms in How Rates and Fees Work elaborate the pay-in-full no-interest statement in the Rates and Fees Table.

Charges & Financial Obligations · Company practice

Plan fee: a monthly fixed finance charge of up to 1.33%

When you put a purchase or amount into a plan, the issuer charges a Plan Fee (Fixed Finance Charge) each month the plan is active, of up to 1.33% of each purchase or amount placed into the plan. The percentage is based on the plan duration, the APR that would otherwise apply to the purchase or amount, and other factors. The fee is a fixed finance charge, and its dollar amount is disclosed before you set up a plan. More detail is in the About Plan It Feature section of Part 2, which defines a plan as a portion of the account balance you selected to pay over time through a set number of monthly payments using Plan It.

Supporting quotations

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.

Monthly, up to 1.33% of each purchase or amount placed into a plan based on the plan duration, the APR that would otherwise apply to the purchase or amount, 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. For more information, see About Plan It Feature in Part 2 of your Card Member Agreement.

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.

Qualifications & exceptions

• "Up to" 1.33%: the actual percentage varies with plan duration, the APR that would otherwise apply, and other factors the text does not list.
• Charged each month that a plan is active.

Not stated here

• The "other factors" are not listed.
• The dollar amount is not given here; the text says it is disclosed before a plan is set up.

Cross-references

• referred to by (model-proposed): How a plan works: fee disclosed in advance, and it replaces the purchase APR on the plan balance — How Plan It works in Part 2 explains the plan fee that Part 1 lists.

Charges & Financial Obligations · Context

Pointer to Consumer Financial Protection Bureau credit card tips

The Rates and Fees Table points readers to the website of the Consumer Financial Protection Bureau for tips about factors to consider when applying for or using a credit card. It is a reference to outside information, not a term of the Account.

Details not recorded for this card

Supporting quotations

To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore.

Qualifications & exceptions

• The linked site is not part of the supplied agreement text.

Charges & Financial Obligations · Company practice

Annual fee of $95 for the Account; none for additional cards

The Annual Fee is $95. The Annual Fee for Additional Cards is none. The fee is listed in the Rates and Fees Table on page 1 of Part 1.

Supporting quotations

Annual Fee | $95

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

• The $95 figure and the "None" for Additional Cards are both stated directly; no billing timing for the annual fee is given in this passage.

Not stated here

• When in the year the annual fee is charged is not stated in this passage.

Charges & Financial Obligations · Company practice

Fees are added to the purchase balance unless the issuer says otherwise

Fees are added to the purchase balance unless the issuer tells you otherwise. The balance transfer fee and the cash advance fee are two stated exceptions in this section: 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.

Details not recorded for this card

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

• Default rule with an exception: "unless we tell you otherwise"; the text does not say how the issuer tells you.

Charges & Financial Obligations · Company practice

Balance transfer fee: 3% of the transfer, minimum $5

The balance transfer fee is the greater of $5 or 3% of the amount of each transfer (Rates and Fees Table), described in How Rates and Fees Work as 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. The fee is a finance charge and is added to the same balance as the balance transfer. Part 2 defines a balance transfer as a charge to pay an amount you owe on another credit card account.

Supporting quotations

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

• Greater of $5 or 3%.
• A different fee may apply if stated in a promotional offer or at the time of a transaction.

Charges & Financial Obligations · Company practice

Cash advance fee: 5% of the advance, minimum $10, counting ATM operator fees

The cash advance fee is the greater of $10 or 5% of the amount of each cash advance (Rates and Fees Table), described in How Rates and Fees Work as 5% of the cash advance transaction, including fees charged by the ATM operator, if any, with a minimum of $10. The issuer adds this fee to the Cash Advance balance. Part 2 defines a cash advance as 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, so the cash advance fee and the cash advance APR are not limited to withdrawing cash.

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.

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

• Greater of $10 or 5%.
• The 5% is applied to a transaction amount that includes any ATM operator fees.

Charges & Financial Obligations · Company practice

Foreign transaction fee: 2.7% of the amount converted to US dollars

The foreign transaction fee is 2.7% of each transaction after conversion to US dollars, described as 2.7% of the converted U.S. dollar amount. The issuer points to the Part 2 section "Converting charges made in a foreign currency" for the conversion.

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

• Calculated on the converted U.S. dollar amount.

Not stated here

• How the conversion is performed is in Part 2, not in this passage.

Cross-references

• defined by (model-proposed): Foreign currency charges are converted to U.S. dollars by AEEML at a rate no higher than the stated ceiling — The conversion terms in Part 3 define how the converted U.S. dollar amount behind the 2.7% foreign transaction fee is reached.

Charges & Financial Obligations · Company practice

Penalty fees table: late and returned payment up to $40; overlimit none

The Rates and Fees Table lists three penalty fees in one row (Late Payment, Returned Payment, Overlimit) with the amounts "Up to $40. Up to $40. None". Read in the order listed, the late payment fee is up to $40, the returned payment fee is up to $40, and the overlimit fee is none. The How Rates and Fees Work section confirms late and returned payment fees of up to $40.

Supporting quotations

Late Payment • Returned Payment • Overlimit

Up to $40. Up to $40. None

Qualifications & exceptions

• The three names and the three amounts are in separate cells of one row; they are matched here by their listed order.

Not stated here

• The table does not separate the amounts line by line, so the pairing of "None" with Overlimit relies on the order of the list.

Cross-references

• referred to by (model-proposed): No overlimit fee; the issuer may approve charges above the Credit Limit — The Rates and Fees Table lists the overlimit amount as the last entry in the penalty fee row; the later fee list states it directly as none.
• narrowed by (model-proposed): Late payment fee: $29 first time, $40 if repeated within 6 billing periods, capped at the Minimum Payment Due — The late payment section states the $29 and $40 amounts and cap behind the table's up to $40.
• narrowed by (model-proposed): Returned payment fee: $29 first time, $40 if repeated, capped at the Minimum Payment Due — The returned payment section states the $29 and $40 amounts and cap behind the table's up to $40.

Charges & Financial Obligations · Company practice

Late payment fee: $29 first time, $40 if repeated within 6 billing periods, capped at the Minimum Payment Due

If the issuer does not receive the Minimum Payment Due by its Payment Due Date, the late fee is $29. If this happens again within the next 6 billing periods, the fee is $40. The late fee on a billing statement will not exceed the Minimum Payment Due on your prior billing statement.

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.

Qualifications & exceptions

• $29 for a first late payment, $40 if repeated within the next 6 billing periods.
• Capped at the Minimum Payment Due on the prior billing statement.

Cross-references

• narrows (model-proposed): Penalty fees table: late and returned payment up to $40; overlimit none — The late payment section states the $29 and $40 amounts and cap behind the table's up to $40.

Charges & Financial Obligations · Company practice

Returned payment fee: $29 first time, $40 if repeated, capped at the Minimum Payment Due

If a payment you make is returned unpaid the first time the issuer presents it to your bank, the returned payment fee is $29. If this 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.

Supporting quotations

Late Payment • Returned Payment • Overlimit

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

• $29 on the first return, $40 on a repeat within the same billing period or the next 6 billing periods.
• Capped at the applicable Minimum Payment Due on the prior billing statement.

Cross-references

• narrows (model-proposed): Penalty fees table: late and returned payment up to $40; overlimit none — The returned payment section states the $29 and $40 amounts and cap behind the table's up to $40.

Charges & Financial Obligations · Company practice

Interest is calculated using the average daily balance method, including new purchases

The Rates and Fees Table says interest is calculated using the average daily balance method (including new purchases) and refers the reader to the How we calculate interest section in Part 2 for the details.

Details not recorded for this card

Supporting quotations

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

Qualifications & exceptions

• The method is named here; its working is in Part 2.

Not stated here

• The detailed calculation is in Part 2, not in this passage.

Charges & Financial Obligations · Company practice

Variable APRs rise with the Prime Rate, change from the first day of the billing period, and are capped at 29.99%

If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase, so 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%. The passage refers to "corresponding DPRs", but the agreement does not list the Daily Periodic Rate values for this Card's APRs.

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%.

Qualifications & exceptions

• Changes take effect as of the first day of the billing period during which the Prime Rate has changed.
• The 29.99% ceiling applies to variable APRs.

Not stated here

• The published agreement does not list Daily Periodic Rate (DPR) values for this Card's APRs, although this passage mentions corresponding DPRs; the only DPR figure in the agreement is the illustrative one in the Part 2 interest example. DPR values are not computed or taken from elsewhere here.

Cross-references

• refers to (model-proposed): A DPR is 1/365th of an APR, but the agreement does not show the DPR values it points to — The variable rate explanation mentions corresponding DPRs, which the DPR card defines and notes are not shown in the published agreement.

Charges & Financial Obligations · Company practice

Prime Rate is the highest Wall Street Journal U.S. Prime Rate on the Closing Date

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 that day, the issuer uses 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, the issuer may use the Prime Rate published in another newspaper of general circulation.

Supporting quotations

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.

Qualifications & exceptions

• Measured on the Closing Date of the billing period.
• The replacement newspaper is a choice the issuer "may" make.

Not stated here

• Which other newspaper would be used is not named.