Delta SkyMiles® Blue American Express Card Agreement

Charges & Financial Obligations · Company practice

Purchase and cash advance APRs are Prime Rate plus a margin; the purchase APR is a range

Purchases carry a variable APR of Prime Rate plus 12.74% up to Prime Rate plus 21.74%. Cash advances carry a variable APR of Prime Rate plus 21.99%. Both are marked as variable and the table points to the Explanation of Variable Rates. The table does not say which point in the purchase range applies to a given account, and it gives no numeric APR or Daily Periodic Rate.

Supporting quotations

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

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

Qualifications & exceptions

• The purchase rate is stated as a range of margins over the Prime Rate.
• "Cash advance" is defined in Part 2; see the card on definitions.

Not stated here

• Which margin in the 12.74% to 21.74% range applies to a particular account is not stated.
• The numeric Prime Rate and the resulting numeric APRs are not stated in the agreement.

Charges & Financial Obligations · Company practice

Variable APRs follow the Prime Rate as published by The Wall Street Journal and will not exceed 29.99%

If the Prime Rate increases, variable APRs (and the corresponding Daily Periodic Rates) increase, so a Card Member may pay more interest and may have a higher Minimum Payment Due. A change takes effect as of the first day of the billing period during which the Prime Rate changed. 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 none is published that day, the previous publication day is used, and if the paper stops publishing it, American Express may use a rate published in another newspaper of general circulation. Variable APRs will not exceed 29.99%.

Supporting quotations

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

the resulting changes to variable APRs take effect as of the first day of the billing period during which the Prime Rate has changed. Variable APRs will not exceed 29.99%.

Prime Rate means the highest U.S. Prime Rate published in the rates section of The Wall Street Journal on the Closing Date of the billing period.

If The Wall Street Journal 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

• The 29.99% limit applies to variable APRs as stated.
• A replacement newspaper is allowed ("may use") only if The Wall Street Journal no longer publishes or stops publishing the rate.

Not stated here

• The agreement mentions corresponding DPRs but the published text lists no DPR values (see the DPR cards in Part 2).

Charges & Financial Obligations · Restriction or exception

A penalty APR of Prime Rate plus 26.74% may be applied to new transactions after a missed or returned payment

American Express has the right to apply the Penalty APR (a variable APR of Prime Rate + 26.74%) to new Transactions if the Minimum Payment Due is not paid by the Payment Due Date or if a payment is returned by the Card Member's bank, in which case it says it will notify the Card Member. If applied, it applies for at least 6 months. Every 6 months after it is applied the Account is reviewed, and it continues until the Card Member has made timely payments with no returned payments during the 6 months reviewed.

Supporting quotations

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

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

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

Qualifications & exceptions

• The right is stated as applying to new Transactions, not to existing balances.
• The penalty APR is itself a variable APR; the Explanation of Variable Rates, including the 29.99% statement, is a separate paragraph.

Not stated here

• The agreement does not say how the 29.99% limit on variable APRs relates to a penalty APR of Prime Rate + 26.74% when the Prime Rate is high; the two statements are quoted as written.

Charges & Financial Obligations · Company practice

No interest on purchases if the balance is paid by the due date; cash advance interest starts on the transaction date

The table says the Due Date is at least 25 days after the close of each billing period. American Express will not charge interest on purchases if the Card Member pays the entire balance each month by the due date (or, with a plan outstanding, the balance adjusted for plans). Interest on cash advances begins on the transaction date. The grace period section later in Part 1 gives the same rule with more detail, including that an active Plan It plan lets the Card Member enter an Interest Free Period by paying at least the Balance Adjusted for Plans.

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 on the transaction date.

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

• The no-interest rule applies to purchases only.

Not stated here

• How the "Balance Adjusted for Plans" figure is computed is not spelled out in this agreement.

Cross-references

• refers to (model-proposed): Purchases are interest free only in an Interest Free Period; otherwise interest runs from the transaction date — The Part 1 table summarizes the rule that the Interest Free Period section later states in detail, including the active plan route.

Charges & Financial Obligations · Company practice

Plan It charges a monthly fixed finance charge of up to 1.33% of the amount in a plan

If a plan is set up through Plan It, a monthly plan fee applies: up to 1.33% of each purchase or amount placed in the plan, depending on the plan duration, the APR that would otherwise apply, and other factors. The fee is a fixed finance charge charged each month a plan is active. Its dollar amount is disclosed before a plan is set up, and Part 2 explains that plan amounts carry the plan fee instead of the APR for purchases.

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.

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

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

Qualifications & exceptions

• Plan It is described elsewhere as something American Express "may offer", so it is not promised to every account.

Not stated here

• The actual percentage for a given plan is not stated; only the 1.33% upper limit is.

Charges & Financial Obligations · Company practice

No annual fee, no fee for additional cards, no foreign transaction fee and no overlimit fee are stated

The table lists the Annual Fee as None, and Part 1 repeats that the Annual Fee for Additional Cards is None. The Transaction Fees row lists Cash Advance and Foreign Transaction with two values, the second being None, and the later line states Foreign Transaction: None. In the Penalty Fees row, which lists Late Payment, Returned Payment and Overlimit, the third value is None, and the later line states Overlimit: None with a pointer to the Credit Limit section.

Supporting quotations

Annual Fee | None

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

Annual Fee for Additional Cards: None.

Foreign Transaction: None.

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

Transaction Fees • Cash Advance • Foreign Transaction | Either $10 or 5% of the amount of each cash advance, whichever is greater. None

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

Qualifications & exceptions

• In the flattened table rows, values are read in the order the fee labels are listed; the separate fee lines for Foreign Transaction and Overlimit confirm that None belongs to those labels.

Not stated here

• "None" is stated for these fees only in this agreement; other charges (cash advance, late payment, returned payment, returned check, account re-opening) are separate cards.

Charges & Financial Obligations · Company practice

Cash advance fee is the greater of $10 or 5% of the transaction, including any ATM operator fee

The fee for each cash advance is 5% of the cash advance transaction (including fees charged by the ATM operator, if any), with a minimum of $10; the table words it as either $10 or 5% of each cash advance, whichever is greater. The fee is added to the Cash Advance balance. What counts as a cash advance is defined in Part 2 and is broad, so the fee and the cash advance APR can apply to more than withdrawals of 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

• The definition of "cash advance" in Part 2 lists cash equivalents such as travelers cheques, gift cheques, foreign currency, money orders, digital currency, casino gaming chips and betting transactions.

Not stated here

• Whether a particular merchant transaction is classified as a cash advance is not determinable from the agreement.

Cross-references

• defined by (model-proposed): Charge types are defined, and the cash advance definition includes betting and cash equivalents — The Part 2 definition of a cash advance sets what the cash advance fee and cash advance APR cover.

Charges & Financial Obligations · Company practice

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

The late payment fee is stated as up to $40. If the Minimum Payment Due is not received by its Payment Due Date, the fee is $29; if that happens again within the next 6 billing periods, the fee is $40. The late fee on a statement will not exceed the Minimum Payment Due on the prior billing statement.

Supporting quotations

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

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

Charges & Financial Obligations · Company practice

Returned payment fee is $29 first, then $40 on a repeat within 6 billing periods, with a cap

The returned payment fee is stated as up to $40. If a payment is returned unpaid the first time it is presented to the Card Member's bank, the fee is $29. If it happens again within the same billing period or the next 6 billing periods, the fee is $40. The returned payment fee on a statement will not exceed the applicable Minimum Payment Due on the prior billing statement.

Supporting quotations

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

Charges & Financial Obligations · Company practice

Returned check fee is $38 and reopening a cancelled account costs $25

A $38 fee applies if the card is used to cash a check at one of the approved locations and the check is returned unpaid; the unpaid amount is also charged. An Account Re-opening fee of $25 applies if the Account is cancelled, the Card Member asks to reopen it, and American Express does so. Part 3 repeats that a $25 fee may be charged on re-opening at the Card Member's request.

Supporting quotations

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

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

Qualifications & exceptions

• The $25 fee is also mentioned in Part 3 as one that "may" be charged on re-opening.

Not stated here

• The list of approved check-cashing locations is not given in this agreement.

Charges & Financial Obligations · Company practice

Fees go to the purchase balance unless stated otherwise; interest uses the average daily balance method

Fees are added to a purchase balance unless American Express says otherwise; the cash advance fee is an example of a stated exception, being added to the Cash Advance balance. The table summarizes the interest method as the average daily balance method including new purchases and points to the How we calculate interest section in Part 2, which gives the formula.

Supporting quotations

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

We will add this fee to the Cash Advance balance.

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 "unless we tell you otherwise" wording leaves open other allocation by notice.

Not stated here

• Where the agreement says "unless we tell you otherwise", it does not say how or where that would be told.

Charges & Financial Obligations · Restriction or exception

Charges over the Credit Limit may be approved with no overlimit fee, and the excess may be called for promptly

American Express may approve charges that cause the Account balance to go over the Credit Limit. If it does, it will not charge an overlimit fee. If it asks the Card Member to promptly pay the part of the balance above the Credit Limit, the Card Member agrees to do so. The Card Member separately agrees, in the limits provision, to manage the Account so the balance does not exceed the Credit Limit.

Supporting quotations

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

Qualifications & exceptions

• The no-overlimit-fee statement is tied to charges American Express approves.

Not stated here

• The agreement does not say when or how promptly American Express would ask for the excess to be paid.

Cross-references

• contrast (model-proposed): American Express assigns a Credit Limit and Cash Advance Limit and may raise or lower them at any time — The Card Member agrees to keep the balance within the Credit Limit, while American Express may approve charges over the limit with no overlimit fee and may ask for the excess to be paid promptly. The two provisions pull in different directions; the agreement does not reconcile them.

Charges & Financial Obligations · Restriction or exception

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

The Person-to-Person Limit is $2,000 within any 30-day period, and the Card Member agrees to manage the Account so the total of person-to-person transactions in any 30-day period does not exceed it. American Express may not approve a person-to-person transaction that would cause the Account to exceed the applicable person-to-person limit or the Credit Limit. A person-to-person transaction is defined in Part 2 as a charge for funds sent to another person or a charge to add funds to an Amex Send account.

Supporting quotations

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

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

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

Not stated here

• Whether the 30-day period is a rolling window or a fixed calendar period is not stated beyond "any 30-day period".

Cross-references

• defined by (model-proposed): Charge types are defined, and the cash advance definition includes betting and cash equivalents — The Part 2 definition of a person-to-person transaction sets what the $2,000 limit covers.

Charges & Financial Obligations · Company practice

Minimum Payment Due is the highest of three amounts plus penalty fees, plan payments, past-due and overlimit amounts

To calculate the Minimum Payment Due, American Express starts with the highest of (1) interest charged on the statement plus 1% of the New Balance (excluding interest, penalty fees, overlimit amount and plan balances), (2) 2% of the New Balance (excluding penalty fees, overlimit amount and plan balances), or (3) $40. It then adds any penalty fees shown on the statement, up to 1/24th of any overlimit amount, any plan payment due and any amount past due. The Minimum Payment Due will not exceed the New Balance, and the Card Member may pay more than the Minimum Payment Due, up to the New Balance, at any time.

Supporting quotations

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

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

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

$40.

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

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

Qualifications & exceptions

• The two percentage items exclude specified amounts from the New Balance they use.
• The amounts added after the highest-of step are penalty fees, up to 1/24th of any overlimit amount, plan payments due and past-due amounts.

Not stated here

• "New Balance" is used as a statement figure and is not separately defined in this agreement.

Charges & Financial Obligations · Context

The worked example shows the interest-plus-1% item producing $58.27 as the highest of three amounts

The example assumes a New Balance of $2,900, interest of $29.57 and no active plans, overlimit amount, penalty fees or past-due amounts. Item 1 is $29.57 plus 1% of ($2,900 minus $29.57), or $58.27. Item 2 is $58 (2% of $2,900). Item 3 is $40. The highest, $58.27, is the starting amount, and the text adds that if the account has any active plans, overlimit amount, penalty fees or past-due amounts, the Minimum Payment Due will be higher. It is an illustration only and does not state any account's actual payment.

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

• Example figures are assumptions in the text, not rates or amounts that apply to a particular account.

Charges & Financial Obligations · Company practice

Purchases are interest free only in an Interest Free Period; otherwise interest runs from the transaction date

No interest is charged on purchases while the account is in an Interest Free Period, which begins when the New Balance shown on the statement is paid by the Payment Due Date or the 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 the account returns to an Interest Free Period, interest may still appear on the next statement, reflecting interest from the beginning of that billing cycle through the date the payment was received. With an active Plan It plan, paying at least the Balance Adjusted for Plans by the due date enters an Interest Free Period. Part 2 explains how interest is calculated.

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.

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.

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

Qualifications & exceptions

• The Interest Free Period applies to purchases; cash advances and balance transfers are separate (see that card).

Not stated here

• "Balance Adjusted for Plans (or Adjusted Balance)" is named but not computed here.

Cross-references

• referred to by (model-proposed): No interest on purchases if the balance is paid by the due date; cash advance interest starts on the transaction date — The Part 1 table summarizes the rule that the Interest Free Period section later states in detail, including the active plan route.

Charges & Financial Obligations · Restriction or exception

Balance transfers and cash advances are charged interest from the transaction date with no Interest Free Period

Balance transfers and cash advances are charged interest from the date of the transaction and do not have an Interest Free Period. This differs from purchases, which can be interest free when the balance is paid in full by the due date. The Part 1 table likewise says interest on cash advances starts on the transaction date.

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.

Qualifications & exceptions

• The sentence on balance transfers appears even though the Part 1 rates table lists no balance transfer APR; the agreement does not say what rate would apply.

Not stated here

• No balance transfer APR or fee is listed in this published Part 1.

Charges & Financial Obligations · Company commitment

The Card earns 1 mile per $1 of eligible purchases; fees, interest, cash advances and other items are not eligible

The Card earns 1 mile for each $1 of eligible purchases on the Delta SkyMiles Blue American Express Card (Card Account). Eligible purchases are purchases for goods and services minus returns and other credits. Eligible purchases do not include fees or interest charges, 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.

Supporting quotations

You receive 1 mile for each $1 of eligible purchases on your Delta SkyMiles® Blue American Express Card (Card Account).

Eligible purchases are purchases for goods and services minus returns and other credits.

Eligible purchases do NOT include: fees or interest charges, 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

Qualifications & exceptions

• Miles are credited to the Delta SkyMiles account after the billing period ends and can be forfeited if the Minimum Payment Due is missed (see the rewards cards in the next packet).

Not stated here

• How miles are rounded is not stated.

Cross-references

• qualified by (model-proposed): Missing the Minimum Payment Due forfeits that period's miles; reinstatement within 12 periods costs $35 — Miles earned in a billing period are forfeited if the Minimum Payment Due is not paid by the Payment Due Date, and may be reinstated for a fee.

Charges & Financial Obligations · Company commitment

Purchases submitted with a Delta merchant code earn 1 additional mile, except air travel in all-inclusive tour packages

The Card earns 1 additional mile (2 total) per $1 of eligible purchases submitted to American Express using a Delta merchant code for: air travel on a Delta flight, air travel on a Delta partner flight with a DL flight number, Delta Stays prepaid hotels and vacation rentals, Delta Vacations packages, and other Delta services. Additional miles are not earned on purchases of air travel on a Delta flight that are part of all-inclusive air or sea tour packages. Additional miles also depend on the merchant's code being in a reward category and on American Express receiving accurate information, as the next packet describes.

Supporting quotations

You receive 1 additional mile (a total of 2) for each $1 of eligible purchases on your Card Account for the following purchases submitted to us using a Delta merchant code: air travel on a Delta flight air travel on a Delta partner flight with a DL flight number

Delta Stays prepaid hotels and vacation rentals

Delta Vacations® packages other Delta services

You will NOT receive additional miles for: purchases of air travel on a Delta flight that are part of all-inclusive air or sea tour packages

A purchase with a merchant will not receive additional miles if the merchant's code is not included in a reward category.

Qualifications & exceptions

• The PDF text runs the list items together without separators in some blocks; the card reads them as the separate categories they appear to be.
• Whether "other Delta services" is a separate category or part of the Delta Vacations line cannot be determined from the extracted text alone.

Not stated here

• The agreement does not define "other Delta services" or "Delta partner".

Cross-references

• qualified by (model-proposed): Additional miles depend on the merchant code, and several common payment routes may not earn them — Additional miles for Delta purchases depend on the merchant code being in a reward category and on American Express identifying the purchase as eligible.

Charges & Financial Obligations · Company commitment

Eligible purchases at restaurants worldwide earn 1 additional mile

The Card earns 1 additional mile (2 total) per $1 of eligible purchases charged at restaurants worldwide. In the extracted text this sentence follows the all-inclusive tour package exclusion in the same block, so the exclusion is quoted exactly with the Delta travel card; the restaurant sentence reads as a separate earning rule with its own wording and no stated exclusion in this block. The restaurant earning rule is still subject to the eligible-purchase exclusions and the merchant-code limits in the next packet.

Supporting quotations

You receive 1 additional mile (a total of 2) for each $1 of eligible purchases on your Card Account charged at restaurants worldwide.

You may not receive additional miles if we receive inaccurate information or are otherwise unable to identify your purchase as eligible for a reward category.

Qualifications & exceptions

• The source places this sentence in the same extracted block as the tour package exclusion; whether the exclusion was meant to carry over is not stated.

Not stated here

• How a restaurant is identified (by merchant code) is addressed only in the general merchant-code paragraph.

Charges & Financial Obligations · Restriction or exception

Additional miles depend on the merchant code, and several common payment routes may not earn them

Merchants are assigned codes based on what they primarily sell, and American Express groups certain codes into categories eligible for additional miles. A purchase with a merchant whose code is not in a reward category does not receive additional miles. Additional miles may also be missed if American Express receives inaccurate information or cannot identify the purchase as eligible for a reward category. The examples given are a merchant using a third party to sell its products or services, a merchant using a third party to process or submit the transaction (for example mobile or wireless card readers), and a purchase made through a third-party payment account or a mobile or digital wallet. The earlier exclusion of air travel in all-inclusive tour packages from additional miles is a separate limit.

Supporting quotations

Merchants are assigned codes based on what they primarily sell. We group certain merchant codes into categories that are eligible for additional miles. A purchase with a merchant will not receive additional miles if the merchant's code is not included in a reward category.

You may not receive additional miles if we receive inaccurate information or are otherwise unable to identify your purchase as eligible for a reward category.

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.

You will NOT receive additional miles for: purchases of air travel on a Delta flight that are part of all-inclusive air or sea tour packages

Qualifications & exceptions

• The examples use "may not", so they are possibilities and not a guaranteed loss of miles.

Not stated here

• Which merchant codes are in each reward category is not listed in this agreement.

Cross-references

• qualifies (model-proposed): Purchases submitted with a Delta merchant code earn 1 additional mile, except air travel in all-inclusive tour packages — Additional miles for Delta purchases depend on the merchant code being in a reward category and on American Express identifying the purchase as eligible.

Charges & Financial Obligations · Company practice

Promotional bonus miles follow their own offer terms and post 8 to 12 weeks after month end

From time to time American Express may make promotional offers of bonus miles, with terms on how the miles are earned and when they can be used; those offer terms may differ from the general earning terms in this section. Bonus miles from promotional offers are posted to the Delta SkyMiles account 8 to 12 weeks after the end of each month. To be eligible, the account must not be cancelled or delinquent at the time of bonus fulfillment.

Supporting quotations

From time to time, we may make promotional offers of bonus miles. These offers include terms about how you can earn the bonus miles and when you can use them. These offer terms may differ from the terms above concerning miles earned for charges to your Card Account, including about when you can use the miles.

Bonus miles awarded for promotional offers will be posted to your Delta SkyMiles account 8 to 12 weeks after the end of each month. To be eligible to earn bonus miles, your account must not be cancelled or delinquent at time of bonus fulfillment.

Qualifications & exceptions

• Offer terms can differ from the standard earning terms.

Not stated here

• The agreement does not define "delinquent" for this purpose beyond its use in the sentence.
• The terms of any specific promotional offer are not supplied.

Charges & Financial Obligations · Company practice

Miles are transferred to the Delta SkyMiles account after the end of the billing period in which they were earned

American Express transfers the miles the Card Member receives to the Delta SkyMiles account after the end of the billing period in which they were received.

Supporting quotations

We transfer the miles you receive to your Delta SkyMiles account after the end of the billing period in which you received them.

Not stated here

• No specific number of days for the transfer after the period ends is given for ordinary miles.

Charges & Financial Obligations · Restriction or exception

Missing the Minimum Payment Due forfeits that period's miles; reinstatement within 12 periods costs $35

If the Minimum Payment Due is not paid by the Payment Due Date of the billing period in which it is due, the Card Member forfeits the miles earned for eligible purchases during that billing period. The example says that if a billing period closes January 15, the minimum payment is due February 10 and is not paid by then, no miles are earned for purchases in "the billing period ending February 15". The Card Member may reinstate those miles within the next 12 billing periods if the Card Account is not past due and the Card Member pays a $35 fee. Paying by a date means the payment is received and credited to the Account by that date.

Supporting quotations

If the Minimum Payment Due is not paid by the Payment Due Date of the billing period in which it is due, you will forfeit the miles you earned for eligible purchases during that billing period.

For example, if your billing period closes January 15 and the minimum payment for that billing period is due on February 10, and you do not make that minimum payment due by the due date on February 10, then you will not earn miles for purchases in the billing period ending February 15.

You may reinstate those miles within the next 12 billing periods if your Card Account is not past due and you pay a $35 fee.

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 example text says the billing period closes January 15 but ends with "the billing period ending February 15"; the example is quoted exactly and the inconsistency in dates is the publisher's.
• "Pay by a date" means received and credited by that date, which makes timing of the payment relevant.

Not stated here

• The agreement does not say whether reinstatement is available for miles forfeited more than once.

Cross-references

• qualifies (model-proposed): The Card earns 1 mile per $1 of eligible purchases; fees, interest, cash advances and other items are not eligible — Miles earned in a billing period are forfeited if the Minimum Payment Due is not paid by the Payment Due Date, and may be reinstated for a fee.

Charges & Financial Obligations · Restriction or exception

Miles are earned only for eligible purchases intended for personal, family or household use

The reward program gives miles only for eligible purchases intended for personal, family or household use.

Supporting quotations

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

Not stated here

• The agreement does not say how a purchase's intended use is determined.

Charges & Financial Obligations · Permission or license

American Express may change the reward program at its discretion, and abuse can cost some or all miles

American Express may change the terms of the reward program at its discretion. If the Card Member violates or abuses the program, some or all of the miles may be forfeited.

Supporting quotations

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

Qualifications & exceptions

• The forfeiture statement says "may forfeit some or all".

Not stated here

• The agreement does not define what counts as abuse or violation of the program, or how much notice a change receives.

Charges & Financial Obligations · Restriction or exception

American Express is not responsible for miles after they are credited to the SkyMiles account or for what Delta does

American Express says it is not responsible for miles after they are credited to the Card Member's SkyMiles account, and is not responsible for the actions of Delta on that SkyMiles account.

Supporting quotations

We are not responsible for miles after they are credited to your SkyMiles account. We are also not responsible for the actions of Delta on your SkyMiles account.

Charges & Financial Obligations · Context

Miles are subject to the Delta SkyMiles Membership Guide and Program Rules, which govern redemption and Delta changes

Miles are subject to the Delta SkyMiles Membership Guide and Program Rules, and the Card Member is told to refer to that document for how to redeem miles, Delta's right to change its program terms, and other conditions that may apply to Delta's program. That document is not part of the supplied agreement.

Supporting quotations

Miles are subject to the Delta SkyMiles Membership Guide and Program Rules. You should refer to that document for details on: how to redeem your miles,

Delta's right to change its program terms, and

Other conditions that may apply to Delta’s program.

Qualifications & exceptions

• Redemption and other Delta program conditions are outside this agreement.

Not stated here

• The text of the Delta SkyMiles Membership Guide and Program Rules is not supplied, so redemption terms, expiration and Delta's change rights are unknown.

Charges & Financial Obligations · Context

Charge types are defined, and the cash advance definition includes betting and cash equivalents

A charge is any amount added to the 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 owed on another credit card account. A person-to-person transaction is a charge for funds sent to another person or to add funds to an Amex Send account. A plan is a portion of the account balance selected to pay over time through a set number of monthly payments using Plan It. Because a purchase includes person-to-person transactions here, the rewards section separately excludes them from eligible purchases.

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 lists examples with "including" and is not stated as exhaustive.

Not stated here

• Which merchant categories count as cash equivalents or betting transactions beyond those listed is not stated.

Cross-references

• defines (model-proposed): Cash advance fee is the greater of $10 or 5% of the transaction, including any ATM operator fee — The Part 2 definition of a cash advance sets what the cash advance fee and cash advance APR cover.
• defines (model-proposed): Person-to-person transactions are capped at $2,000 in any 30-day period — The Part 2 definition of a person-to-person transaction sets what the $2,000 limit covers.

Charges & Financial Obligations · Company practice

Plan It may be offered for qualifying purchases or amounts with a monthly fixed fee; cash and transfers do not qualify

American Express may offer Plan It, which lets the Card Member 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. The Card Member selects qualifying purchases or a qualifying amount and a plan duration, and can view the monthly plan payments including the plan fee before creating the plan. Each plan fee is disclosed before the plan is created and is based on the plan duration, the APR that would otherwise apply, and other factors. The selected purchases or amount are added to a plan balance and subject to the plan fee instead of the APR for purchases. A qualifying purchase is a purchase of at least a specified dollar amount, and a qualifying amount is a specified portion of the balance. Purchases of cash or cash equivalents, balance transfers (if offered), purchases subject to Foreign Transaction Fees, and any fee owed to American Express such as Annual Fees do not qualify.

Supporting quotations

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

You 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.

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.

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.

Your ability to create plans will be based on a variety of factors such as your creditworthiness and your Credit Limit.

Qualifications & exceptions

• Plan It is something American Express "may" offer.
• Further limits on creating plans and on cancelling them appear in the following paragraphs.

Not stated here

• The "specified dollar amount" and "specified portion of your balance" are not given in this agreement.

Cross-references

• qualified by (model-proposed): Plan creation depends on creditworthiness, Credit Limit and account status; plan number and length are discretionary — Plan It is offered subject to creditworthiness, Credit Limit and account status conditions.

Charges & Financial Obligations · Restriction or exception

Plan creation depends on creditworthiness, Credit Limit and account status; plan number and length are discretionary

The ability to create plans is based on factors such as creditworthiness and Credit Limit. Plans cannot be created if the Account is cancelled, or if one or more of the Card Member's American Express accounts is enrolled in a payment program, has a payment returned unpaid, or is past due. American Express tells the Card Member how many active plans are allowed and may change that number at any time. Plan durations offered, and whether several purchases or amounts can be included in one plan, are at its discretion based on factors such as creditworthiness, purchase amounts and Account history. The Card Member agrees to manage the Account so total plan balances, including plan fees, are not more than the Credit Limit.

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.

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

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 restriction reaches any of the Card Member's American Express accounts, not only this Account.

Not stated here

• The number of active plans permitted and the factors beyond those listed are not stated.

Cross-references

• qualifies (model-proposed): Plan It may be offered for qualifying purchases or amounts with a monthly fixed fee; cash and transfers do not qualify — Plan It is offered subject to creditworthiness, Credit Limit and account status conditions.

Charges & Financial Obligations · User right or choice

Plans cannot be cancelled, but paying the New Balance in full pays them off early and stops future plan fees

Plans cannot be cancelled after they have been created. The Card Member can pay a plan early by paying in full the New Balance shown on the most recent billing statement. If a plan is paid off early, no future plan fees are incurred 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.

Not stated here

• The agreement does not say whether fees already incurred on a plan are refunded when it is paid off early.

Charges & Financial Obligations · Company practice

The Card Member promises to pay all charges, including those made or permitted by others, and the Minimum Payment Due

The Card Member promises to pay all charges added to the Account, including charges made by the Card Member or Additional Card Members or that either permits others to make, even if the Card is not presented or no one signs. The Card Member 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. The Card Member is also responsible for all use of the Account by Additional Card Members and anyone they allow to use the Account. Paying by a date means the payment is received and credited 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.

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.

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.

Charges & Financial Obligations · Procedure

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

Payments are made to American Express 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. For a payment by mail, the Card Member makes a separate payment for each Account, mails it to the address on the payment coupon, and writes the Account number on the check or instrument and includes the payment coupon.

Supporting quotations

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

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

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

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

When making a payment by mail:

make a separate payment for each Account,

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

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

Charges & Financial Obligations · Company practice

A conforming payment is credited the day it is received if on time; otherwise credit is the next day or may be delayed

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

Supporting quotations

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

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

Qualifications & exceptions

• The cutoff time is set on the billing statement, not in this agreement.

Not stated here

• The time of day cutoff is not stated in this agreement.

Charges & Financial Obligations · Restriction or exception

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

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

Supporting quotations

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

Charges & Financial Obligations · Company practice

Payments up to the Minimum go to plan amounts and the lowest-rate balance first; the rest goes to the highest rate

If the Account has balances with different interest rates, Plan balances or Plan fees, American Express says it generally applies payments in a billing period as follows. Payments up to the Minimum Payment Due go first to any Plan amounts included in the Minimum Payment Due, then to the balance subject to the lowest interest rate, then to balances subject to higher rates. After the Minimum Payment Due has been paid, payments go to the balance subject to the highest interest rate, then to balances subject to lower rates, and then to any Plan balances. The word "generally" leaves room for exceptions that are not described.

Supporting quotations

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

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

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

Qualifications & exceptions

• The order is described as how payments are "generally" applied.

Not stated here

• Exceptions to the general order are not described.

Charges & Financial Obligations · Procedure

Credits usually go to the balance of the related charge; a credit for a plan purchase needs a phone call

In most cases a credit is applied to the same balance as the related charge, for example a purchase credit to the purchase balance. Payments and credits may be applied within balances, and among balances with the same interest rate, in any order American Express chooses. A negative balance at the end of a billing period is redistributed to other balances under the payment order, so Plan balances may be paid before they otherwise would be. If the Card Member receives a credit for a purchase placed into a plan, the Card Member must call the number on the back of the 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" leaves other applications possible.

Charges & Financial Obligations · Company practice

Interest for each balance is Average Daily Balance times the Daily Periodic Rate times the days in the billing period

Interest for a billing period is figured first on each balance, since categories such as purchases and cash advances (and balances within a category) may have different interest rates. American Express uses the Average Daily Balance method including new transactions for each balance, and total interest for the period is the sum of the interest on each balance. Except for rounding, the interest for a balance equals the Average Daily Balance multiplied by the Daily Periodic Rate multiplied by the number of days in the billing period. A Daily Periodic Rate is defined in the next packet as 1/365th of an APR.

Supporting quotations

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

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

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.

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

Qualifications & exceptions

• The formula is stated "except for variations caused by rounding".

Not stated here

• The Daily Periodic Rate values are not listed in this published agreement (see the omission card in the next packet).

Cross-references

• qualified by (model-proposed): A DPR is 1/365th of an APR; the agreement says Part 1 shows the DPRs, but this published Part 1 lists none — The interest formula uses a Daily Periodic Rate that the agreement says is shown in Part 1; the published Part 1 lists no DPR values, so the formula cannot be applied to a figure from this document.

Charges & Financial Obligations · Context

A DPR is 1/365th of an APR; the agreement says Part 1 shows the DPRs, but this published Part 1 lists none

Part 2 defines a Daily Periodic Rate (DPR) as 1/365th of an APR, rounded to one ten-thousandth of a percentage point, and says "Your DPRs are shown in How Rates and Fees Work in Part 1." The Part 1 explanation of variable rates also refers to "corresponding DPRs". In this published copy, the Rates and Fees Table gives APRs only as Prime Rate plus a margin (some as a range), and the How Rates and Fees Work section, which holds the variable rate explanation, the Prime Rate paragraph, fees, limits, the minimum payment calculation and the grace period, lists no DPR value. The only DPR figure in the document is the one in the worked example for an assumed 15.99% rate. This publisher's gap is noted and not filled: no DPR is computed from the APR ranges here.

Supporting quotations

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

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

How Rates and Fees Work

Determining the Prime Rate:

Qualifications & exceptions

• The reference to Part 1 points to a section of the published document that holds no DPR values.
• The worked example shows a DPR only for an assumed single interest rate of 15.99%.

Not stated here

• The DPR for each balance (purchases, cash advances, penalty) is not stated; it is not computed here from the APR ranges or taken from another source.

Cross-references

• qualifies (model-proposed): Interest for each balance is Average Daily Balance times the Daily Periodic Rate times the days in the billing period — The interest formula uses a Daily Periodic Rate that the agreement says is shown in Part 1; the published Part 1 lists no DPR values, so the formula cannot be applied to a figure from this document.

Charges & Financial Obligations · Company practice

Average Daily Balance is the sum of daily balances over the days in the period; new charges count from their date

To get the Average Daily Balance for a balance, American Express adds up its daily balances and divides the result by the number of days in the billing period. The daily balance for each balance starts with the beginning balance for the day, adds any new charges, subtracts payments or credits, and makes any appropriate adjustments. A new charge is added to a daily balance as of its transaction date, and a negative daily balance is treated as zero.

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.

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

• "Appropriate adjustments" are not defined.

Not stated here

• What adjustments are made to a daily balance is not specified.

Charges & Financial Obligations · Company practice

Interest is compounded 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 prior period's ending balance, including unpaid interest. For the rest of the 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 of figuring the beginning balance 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.

Not stated here

• The DPR values used for the daily interest are not stated in the published agreement.

Charges & Financial Obligations · Context

The interest example uses an assumed 15.99% rate, a $2,250 average daily balance and 30 days to reach $29.57

The example 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 the text states equals 0.0438%. Interest is $2,250 multiplied by 0.0438% multiplied by 30 days, which the text states equals $29.57. It is an illustration with assumed figures and is not a rate or interest amount that applies to any particular account.

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

number of days in the billing period.

Qualifications & exceptions

• The 15.99% figure is an assumption in the example and is not stated to be any of this Card's APRs.

Charges & Financial Obligations · Permission or license

American Express may use other equivalent methods and may choose not to charge interest on certain charges

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

Supporting quotations

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

Not stated here

• Which types of charges might be exempted from interest, and any notice of that choice, are not specified.

Charges & Financial Obligations · Company practice

AE Exposure Management Ltd. converts foreign currency charges to U.S. dollars at a rate it chooses within limits

If a charge is made in a foreign currency, AE Exposure Management Ltd. (AEEML) converts it into U.S. dollars on the date American Express or its agents process it, and the Card Member is billed in U.S. dollars on that conversion. Unless a particular rate is required by law, AEEML chooses a conversion rate acceptable to American Express 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 the charge. Charges converted by establishments such as airlines are billed at the rates those establishments use. Part 1 lists the Foreign Transaction fee as None.

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.

Qualifications & exceptions

• The rate is capped by an upper limit ("no more than the highest"), not fixed to a published rate.

Not stated here

• The actual rate applied to a given charge is not determinable from the agreement.