American Express Terms & Conditions

American Express Terms and Conditions

Terms and Conditions

1. The annual membership fee of $125 for your Basic card is waived for the first year of your membership. The annual membership fee of $45 per Additional Business Gold Rewards Card is waived for the first year if added during the first year of your membership.
2. The annual membership fee for the Membership Rewards® program is $40. Some Business Cards from OPENSM the small business team and some Corporate Cards are not eligible for enrollment. Fees and terms for Business Cards and Corporate Cards may vary. For Platinum Card® members, Rewards Plus Gold Card members, Membership Rewards Credit Card members, Business Membership Rewards Card members, Business Gold Rewards Card members, Business Platinum Card® members and Business Centurion® Card Members, there is no annual program fee for the Membership Rewards program. There will be an additional $10 annual membership fee for each Business Card linked to a Membership Rewards account with other enrolled Charge Cards. The $10 annual linkage fee will not be assessed if the Card member has a Platinum Card, a Business Platinum Card, any Additional Card of a Business Platinum Card, an Executive Business Card, any Additional Card of an Executive Business Card, a Business Centurion Card, any Additional Card of a Business Centurion Card or a Fidelity American Express® Platinum Card linked to the same Membership Rewards account. Participating partners subject to change.
3. OPEN Savings®: Savings range from 3% to 10%. Payment must be made with an American Express® Business Card at the time of purchase; savings will be credited to your account. If purchases that received the OPEN Savings discount are refunded, the OPEN Savings discount will be reversed and debited to your account. Other restrictions or limitations may apply. Subject to offer terms and conditions located at open.com/opensavings. Merchant participation and offers are subject to change without notice.
4. Bonus $100 savings applies to your first purchase made on or before 6/30/2009, and will appear as a statement credit on your monthly billing statement. Maximum discount available is $100 per Card account.
5. The introductory APR for purchases is 0% for 6, 9 or 12 months, based on your creditworthiness. After that, your APR will be 13.24% (Prime Rate + 9.99%), 16.24% (Prime Rate + 12.99%), or 19.24% (Prime Rate + 15.99%), based on your creditworthiness as determined at the time of account opening. This APR will vary with the market based on the Prime Rate.
6. Cash Rebate: There is no limit to the amount of cash back you can earn. You will receive a monthly Rebate on the amount of your eligible purchases (net of credits for purchases) based on the following structure: office supplies – 5% for the first $12,000 of eligible purchases during the 12 months in a row beginning with the one in which the anniversary of your Card Account occurs (rebate year); wireless telephone services – 5% for the first $12,000 of eligible purchases in each rebate year; automobile gasoline – 3% for the first $12,000 of eligible purchases in each rebate year (any individual purchase transaction in excess of 75 gallons or equivalent dollar value will not be deemed to be an eligible purchase of automobile gasoline); and, 1% for eligible purchases after the first $12,000 of eligible purchases in each of these three categories in each rebate year. You will receive a Rebate of 1% for all other eligible purchases. Important: Subject to the $12,000 annual eligible purchase limitations described above, you will receive such 5% and 3% Rebates on eligible purchases only if the merchant submits the Charge using the appropriate industry code, merchant code, or product/service code established by us. If the merchant submits a Charge using a different code, you will only receive a 1% Rebate. Merchants with multiple locations may submit Charges at different locations using different codes. This means that you will receive a higher Rebate for Charges at some locations, but a lower Rebate at other some other locations for the same merchant. Eligible automobile gasoline purchases do not include purchases at a warehouse club, superstore or a convenience store. You will not receive a Rebate for balances transferred from other accounts, purchases of American Express® Travelers Cheques or American Express® Gift Cheques, fees, Interest Charges, Cash Advances and similar means of accessing your Card account. Additional terms and conditions apply.

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