This card is no longer available.
The Union Bank – American Express® Card is potentially a good choice for cardholders who seek cash back rewards. The card also features the highly regarded American Express® Member Rewards program for travel related benefits. But its relatively high APRs and numerous fees lessen the appeal of this card considerably.
This is a regular consumer American Express® credit card, with the added benefit of no preset credit limit. It is no intended for students or for business use.
There are no annual fees.
Cardholders receive 1 percent cash back on all purchases. There are no limits to the amount of cash back; rewards expire after 3 years. Cardholders also receive discounts on travel, including hotel rooms, airfares and car rental. Travel accident insurance, purchase protection and extended warranty protection are also provided.
Foreign transactions are subject to a 3 percent fee, payable in US Dollars.
Late payments are charged 37 dollars; returned payments are charged 35 dollars. Balance transfers are charged 10 dollars or 3 percent, whichever is greater for transfers made during the first 12 billing cycles; after that the charge is either 10 dollars or 5 percent, whichever is greater. Cash advances are charged 15 dollars or 5 percent of the total transaction, whichever is greater. Overdrafts are charged 10 dollars each day if paid.
The Union Bank – American Express® card is great for cardholders who want to transfer balances from high-APR credit cards or who wish to make big ticket purchases. But balances and purchases must be paid off within a single year to gain the maximum benefit. Individuals who are less than diligent about maintaining on-time payments should also steer clear, because of the steep penalty APR. On the whole, individuals who have excellent credit can find better deals on credit cards.
|Union Bank® Visa® Credit Card||