BMI Amex
American Express is one of the four major credit card producers around the world. American Express has several options when it comes to their cards. The BMI Amex is just one of the cards offered through American Express. This credit card can only be found through the MBNA bank. There are several features of this card that may make it one you would want to have.
The first feature of this card is the introductory rate. You have a zero percent interest rate for 12 months on balance transfers. There is a 3 percent handling fee associated with the transfer. You also have zero percent interest on purchases for three months. Both of these rates are offered with the BMI Amex and will start from the date the account is opened, not from the date you receive the card. It can take a week to two weeks to get the card once the account is open. After the introductory rates are over you will be charged 15.9 percent annual rate on purchases and balance transfers. Your annual percentage rate for cash withdrawals is 27.9 percent. Both of these rates are competitive in the industry. There is only one card lower on the purchase and balance transfer interest rates. The interest rate and introductory deal make this card one of the best on the market.
Many cards are no longer offering introductory rates. The BMI Amex is subject to changes regarding the deal, but as of yet they have not completely removed it from the product list.
The BMI Amex is a travel rewards credit card. You will earn a mile every time you use the card. In fact you can earn 1.5 destination miles for every pound you spend. It doesn’t matter where you use the card. Some cards on the market restrict how you can earn miles, such as on petrol, groceries, or travel. With the BMI Amex it doesn’t matter where you spend or how little on one particular purchase. This means you can earn more mile points than other credit cards. Most credit cards are 1 point per pound. There is no booking fee associated with using the miles when you redeem them. You can buy BMI flights online and still not get a charge. If you use your card on BMI Flights you earn double miles for that purchase.
Lastly with the BMI Amex credit card, when you spend 250 pounds in the first 90 days of having the account open you receive 20,000 miles. This is enough for one flight. There is no annual fee for the card. Most often credit cards place heavy restrictions on their flight miles and the way you can earn them. They also don’t offer free miles of up to an entire flight’s worth when you spend just 250 pounds. Other credit cards make you spend a thousand pounds for that kind of deal. Overall our review has showed up that this card is worth the application if you need a card for flight miles.
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