AmEx Promotional Low Interest Rate for 6 Months of 3.99%, Possibly Targeted

Ryxxi on 05/07/2017 - 19:23 imgur.com (450 clicks)
Last edited 05/07/2017 - 19:42 by 1 other user

Just received an email [Existing Amex users only].

Subject to these Terms and Conditions and the American Express Credit Card Conditions, you are eligible for a promotional low interest rate of 3.99% p.a. for all new purchases charged to your Account from 05 July 2017 to 05 January 2018 provided you choose to carry a balance.
There will be no change to the interest rate on any existing Account balance at the time of your enrolment in this Offer. Any remaining purchases balance on your Account after 05 January 2018 will attract the standard rate of interest applicable to purchases at that time.
The low rate of 3.99% expires on 05 January 2018. The number of months your balance will attract a low interest rate will depend on the date of purchase.
Cash advances, balance transfers, charges for travellers cheques, fees and commissions are not purchases and do not qualify for the promotional low interest rate for purchases.
If you entered into the agreement for your Card with American Express before 1 July 2012, we may apply any payments you make to amounts having the lowest interest rate first.
Please ensure the Thank You page successfully loads as confirmation of your enrolment in this promotion. Please also note that if you enrol on a Saturday, the promotional rate offer will commence the next day (i.e. Sunday).

Referral Links

Business Explorer Card: random (1)

Referrer: 40,000 Reward Points

Centurion Personal Charge Card: random (7)

Referee gets 200,000 MR points. Referrer gets 150,000 MR points.

American Express

Lancerx on 05/07/2017 - 19:32

-2

Plenty of 0% interest balance transfer card out there mate…3.99% is not a deal
- Ryxxi on 05/07/2017 - 19:41
  
  +3
  
  This is for existing customers..so yeah it a deal because normal interest rate is 15% or something .
Mr Mrrtn on 05/07/2017 - 19:38

+1

its not bad actually, its not a balance transfer, so no paperwork and needing to get approved by another CC. Just a temporary reduction of the usual interest rate which is somewhere between 12-20% i believe

I just accepted an offer for 9% interest rate, which is about half what i usually have. Nothing special, but still nice
forumninja on 05/07/2017 - 19:44

+14

If you're not paying off your credit card balance every statement, please hand in your OzBargainer Professional Licence.
- knowwhat on 05/07/2017 - 20:25
  
  Any hotel deals with Amex coming up Ninja
- Pricebeat on 05/07/2017 - 21:37
  
  Yeah no idea why someone would want to pay interest, especially with AMEX
demiurge on 05/07/2017 - 20:47

+3

Dude this ozbargain, not ozpayinterest.
- jv on 05/07/2017 - 22:06
  
  +3
  
  If you can use other people's money to earn more than 3.99%, then it's 'money for nothing…'
  - justcallmeboss on 05/07/2017 - 23:43
    
    Arbitrage
    - jv on 06/07/2017 - 00:08
      
      +2
      
      No name calling please…
scanuck on 06/07/2017 - 06:16

Provided you carry a balance?

If you carry a balance, it's a deal I suppose