Overview: The IN:NYC Card from American Express is a rewards card best suited for those who either live or spend a substantial amount of time in New York City. Like other rewards cards, individuals earn points on all qualifying purchases. The rewards program for this card gives additional points for specific types of purchases, including those related to gym memberships, Internet service, or cell phone service. Points earned can be used at hotels, restaurants, and airlines in New York City. In addition, on certain days of the week cardholders are offered discounts on select products and services provided by New York City establishments. Preferred access to popular locations like the Irving Plaza is another perk. This card has no annual fee, offers a low introductory APR, and provides standard American Express benefits like emergency card replacement and online account access.
Pro and cons of the card:
Pros:
No annual free
Low introductory APR
Free to enroll in the rewards program
High spending limits
Earn points on all purchases
Redeem points at a variety of NYC locations
No limits on point earnings
Points never expire
Special discounts for cardholders on certain days of the week
Priority access to popular NYC locations
Standard American Express perks like emergency card replacement
Online account services
Cons:
Must live in NYC or go there frequently to get the most out of this card
High interest rates on cash advances
Cardholders cannot enroll in the Membership Rewards Program
Excellent Credit
750-850
Good Credit
660-749
Fair Credit
620-659
Bad/Poor Credit
350-619
No Credit
0-0
Do You Know Your Credit Score? Find Out Now!
A credit score
is a number generally between 300-850, based on a statistical
analysis of a person's credit files. This score represents the credit
worthiness of a person. A credit score is assigned to each individual, to rate
how risky a borrower he or she is--the higher the score, the less
risk the individual poses to creditors. In most cases, your credit score will determine whether you will be
approved for a credit card.
1. Credit Scores range from 300-850, the higher the better 2. Most lenders base approval on your credit score. 3. Higher Scores mean lower payments and better deals. 4. Higher Scores mean Lower interest rates. 5. Scores are determined by 5 main categories:
Payment History
Amounts Owed
Length of Credit History
Type of Credit Used
New Credit
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* See the online Americanexpress.com/getinnyc (www.americanexpress.com/getinnyc) credit card application for details about terms and conditions and offers.
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Type of credit needed: Good Credit
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