One of the most important events in life – wedding is also one of the most
demanding occasion. A time of big celebration, wedding requires lot of planning
and of course a good amount of money. Wouldn’t it be great to have a credit card
which takes the hassles out of wedding? After all it has bought convenience to
many other aspects of life.
Look no further, American Express has the answer – The Knot Credit Card.
Designed exclusively for those who are planning to get married, the credit card
is aptly has the word ‘Knot’ in its name. Let us review the various aspects of
this credit card.
The Knot credit card from American Express comes with an exclusive welcome gift,
yes you guessed it right, The Knot Wedding Planning Kit. This exclusive kit
helps you plan every detail of your wedding. It includes The Knot Wedding
Binder, which helps you manage your wedding ideas, budgets, guest lists, to-do’s
The other benefits that come with The Knot Credit Card from American Express
are the 5,000 Membership Rewards® Points you get when you use the credit card
for the first time. These points can be redeemed for a $50 gift card. If you
spend over $15,000 on the credit card annually you are entitled to another
10,000 bonus points.
Catering specially to the wedding, this credit card helps you track your
wedding related expenses with a single monthly statement. The Knot Credit Card
from American Express doesn’t have any annual fee and gives you the option to
pay over time or in full. Earn an Additional 10,000 Bonus Points when You Spend
over $15,000 on the Card.
Interest rates and other fees
APR: Depending on the review of your application by American Express you
can be offered a credit card with APR of 12.24%, 14.24% or 16.24%
Balance Transfer APR: Depending on the review of your application by
American Express a balance transfer APR of 12.24%, 14.24% 16.24% will be levied
for the life of the balance for balance transfer requests submitted on this
Cash advance APR: The Knot credit card has cash advance APR of 23.24%
Default APRs: If you default moderately, a default APR of 21.24% will
apply and for seriously defaulted accounts a default APR of 30.24% will be
How the default APR is levied?
There is a monthly review of every Knot credit card account and a default is
- Minimum payments are not timely paid one time
Serious default is considered if:
- Minimum payments are not timely paid two or more times
- Your account is overlimit three or more times
- Your payment is returned by your bank or financial institution, in each case
during any portion of the 12-month period ending with the Closing Date of the
current billing period.
If a Default APR is applied, it will apply for a minimum of 12 consecutive
billing periods beginning with the current billing period (unless a higher APR