The Mercedes-Benz Credit Card From American Express has been designed to reward Mercedes enthusiasts for their loyalty. It features a rich rewards program structure that makes earning passive. The current promotional enticement involves getting 10,000 bonus Membership Rewards points just for making at least $1000 in purchases within the first 90 days of ownership. If you apply online for the card, you’ll have an approval response within 60 seconds or so.
Other ways to earn points with the Mercedes-Benz Credit Card From American Express
With the Mercedes-Benz Credit Card From American Express, you earn Membership Rewards®Points on all your purchases. If you use the card to make Mercedes-Benz purchases, you earn 5 points for every dollar spent. When you buy up to $400 in fuel, you earn triple points. Eating in restaurants with the card earns 2 points for every dollar spent, as long as the restaurant is located in the United States. And you’ll also earn a single point per dollar spent on all other purchases.
Each year when you renew your Mercedes-Benz Credit Card From American Express, you’ll automatically receive a $50 gift certificate redeemable for authentic Mercedes-Benz products. Finally, you’ll receive a $500 certificate to go towards the purchase or lease of a new Mercedes. The $500 is earned every year that use the card to make at least $5000 in purchases. So, as you can see, there is a generous rewards system in place, but of course it benefits best those who already have an intense affair with Mercedes-Benz.
Fees and APRs of the Mercedes-Benz Credit Card From American Express
There is a $95 annual membership fee to utilize the powers of the Mercedes-Benz Credit Card From American Express. Cardholders get a 6-month promo period with 0% APR on purchases. Afterward, the general purchase APR weighs in at 15.24%. This a rate that is variable; it varies with the Prime Rate which is currently 3.25%. The cash advance APR is 25.24%. And if ever encountered, the penalty APR lies below the industry average at 27.24%. On that note, most card issuers will take full advantage of charging the legal limit of 29.99% for penalty charges. And while the 27.24% surely looks better than 29.99%, the differences are almost negligible in most cases.
Besides that point though, the APRs for the Mercedes-Benz Credit Card From American Express are lower than most of their competitors. Now, this may not mean a boatload of savings; it just means that AmEx and Mercedes-Benz care enough to make it look interesting.
The fee schedule foe the Mercedes-Benz Credit Card From American Express is also industry competitive; even a little better than that actually. For instance, balance transfers cost either $5 or 3% of the amount transferred. Cash advances cost the same. Foreign transactions always cost a straight 2.7% of the amount in US dollars. Penalty fees for late and/or returned payments will be $35.
These fees are APRs are set to show that AmEx and MB care about the generosity they present to their consumers. As stated, the differences between these rates and those of AmEx competitors are not that great when considered from a strictly mathematical viewpoint. The value of these lesser fees and APRs is that the cardholders are shown that their patronage is appreciated and desired. Everyone knows that all credit cards, like all other business ventures, are issued and serviced for the main purpose of profit generation. And the more the better! Still, it’s nice to be noted.
On the other side of the coin, the Mercedes-Benz Credit Card From American Express, like all other credit cards, exists for the profits of the issuing companies. The lower rates and fees are enticing to all, but actually available to quite a lot fewer. You see, you’re going to need to either have fantastic credit, or know some seriously powerful people, to get approved for this card. And that’s the real reason the fees and rates are lower than many other cards: because it’s tougher to get approved for. Of course, it also means that there are some generous passive benefits associated with this card too. Let’s have a look…
Features and Benefits of the Mercedes-Benz Credit Card From American Express
The Mercedes-Benz Credit Card From American Express offers loads of stock benefits that remain in place to make your life easier and more efficient. There are travel, shopping, entertainment and other benefits that save you money and keep you safe. Here are a few of the more notable:
Roadside Emergency Services keep you feeling confident as you drive during ravels. If your car blows a tire or has any other issues, you’re covered. Simply dial the service number on the back of your Mercedes-Benz Credit Card From American Express, 24 hours every day, and help will sent directly. This service is like AAA, but not. You can have fuel delivered, a tow truck dispatched and a number of other options. And this benefit is especially attractive parents of driving-aged children. Makes for peaceful and easy parental mindsets when the young ones are out driving.
The Mercedes-Benz Credit Card From American Express also comes with Car Rental Loss and Damage Insurance coverage. If you rent a vehicle with the card, and you decline the rental agency’s insurance, then you’re covered against theft, loss, damage and anything else that might befall you. Nice.
If you are a serious shopper, then you’ll appreciate benefits like Extended Warranty Coverage, Purchase Protection and Return Protection. Your purchases are protected and you’re guaranteed satisfaction with them, as long as you follow the guidelines of the benefit. To see all the succulent details, please visit the AmEx website for this card.
The Mercedes-Benz Credit Card From American Express website shows 49 consumer reviews. They are based on a 5-star system. The 49 reviews there average 4.5714 out of 5 stars. That in itself is impressive. I assure you that, when a credit cardholder experiences turmoil with a card issuer, he or she is all too happy to go and put in a review. When you see all this positivity about credit card, then you can pretty much bet that the card is a winner. Happens every time.