Classic bait and switch

The Clear card would be a great card if AmEx wasn't trying to mouse trap you. There really are no fees, but if you ever go in default then the rate jumps to prime plus 22.99% and STAYS THERE FOR 12 MONTHS! (Any time you see a .99% you can be sure the rest of the agreement has gotchas somewhere.) You can pay the account to $0 and you are still paying almost 30% for the next year from the day of purchase.

Most Attractive Feature: No annual fee, no late fee, no 3% cash advance fee.
Least Attractive Feature: Any event of default increases interest rate to 29%, prime plus 23%.

Beware - AMEX has changed

I received this card in 6/07. This is the last credit card I have acquired. I posted a balance transfer and have being paying this card down. After, receiving this card, AMEX lowered my credit limit on my Blue Cash card by 12k. Two months later, both cards were cancelled and reported as derogatory to the credit bureaus. The reason was that my balance to credit limit ratio had increased. Of course, it increased when you lowered the limit by $12,000. Customer service did nothing but re-read the letter to me that I received in the mail over and over. No one could explain why this action was taken or what in my credit report, other than AMEX's actions, contributed to this decision. BEWARE!!!!! AMEX is not what it used to be.

Most Attractive Feature: No Transfer Fee
Least Attractive Feature: Bad Customer Service

I like it.

This is my newest AMEX card and like my other AMEX cards, i got it for its high credit limit. I asked for a CL increase on the day i recieved it with the website's "Request credit limit increase" button and immediately got approved for an increase of an additional $4,200.00 added to my original credit line! I hope to never be late with my payments, but it's nice to know that there won't be a late fee if i do because this card has no fees.

Most Attractive Feature: No fees, high credit limit.
Least Attractive Feature: Amex not always accepted.

Overall a great card.

This is a review of the new clear card from american express. It offers no late fees,over the limit fees,etc. The catch for no late fees is that they can give you the default interest rate if you pay late more than once or go over your limit. Also, if you pay late you can kiss the credit limit increases goodbye. The card also offers a free credit report and score once a year and when you spend 2500(if i remember correctly) you get an amex shopping card. Not bad for a no annual fee credit card. My main complaint for amex is that they used to have the best customer service in the industry but lately it seems to be lacking in many areas.

Most Attractive Feature: No fees, free experian credit report once a year(with score), thirty day grace period
Least Attractive Feature: not everyone accepts american express