I truly love any form of credit facility that can help me achieve a decent APR deal and maybe do some good elsewhere, that’s why I was happy to give a mention to the American Express Red.
In a similar vein I spotted this new credit product released by the NSPCC. Here’s the lowdown:
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I’ve been noticing a big push on the American Express Red Credit Card in the press recently, in particular a high profile link up with Wimbledon. For those of you unaware of this great little card here’s how it could help you, help millions of others.
“Use the new fee free American Express RED (typical 12.9% variable - which isn’t a bad APR considering the average we see is around the 16% mark) and for all your purchases one percent of your spend will go to the Global Fund to help support programmes in Africa for women and children in Africa who are affected by HIV and Aids. Worldwide, there are approximately 40 million people infected by HIV/Aids in sub-Saharan Africa, an issue which clearly has a serious impact on the health and welfare of their offspring. Over 30 million children have been orphaned as a result of the virus already, and 2,000 youngsters are infected every single day. And it doesn’t take much to change people’s lives for the better: as little as 65p provides ten treatments preventing mother to child transmission of the HIV virus. Spending above £5,000 per year will generate a contribution of 1.25% on all spending above that amount.”
This just seems like a great cause and a great idea. Just give while you spend, how hard is that.
The idea for this was apparently developed by U2’s ubiquitous frontman Bono and Bobby Shriver, Chairman of DATA (Debt, Aids, Trade, Africa). It is really a very simple idea for major brands and corporates to contribute a percentage of revenue from licensed products or services to support those affected by HIV/AIDS in Africa. American Express is a founding partner, alongside partners Gap, Giorgio Armani, Converse and Motorola.
Go and sign up now!
MBNA Rewards American Express Credit Card - phew what a mouthful! Why couldn’t they just call it the MBNA credit card?
Anyway, the design of this card is ok. Not exactly inspiring like the black amex or as interesting as the multiple design choices offered by Capital One Platinum reviewed here. More of a functional look.
This credit card offers the following features:
- Balance transfer rate of 0% p.a. until March 2007.
- Variable rate thereafter of 16.9% APR - this APR is marginally higher than some of the cards we have reviewed.
- Fraud protection including internet with no excess - quite a nice feature but fairly standard on most cards nowadays.
- Rewards equate to one point for every pound spent. These points can be exchanged for high street shopping vouchers, once in a life time experiences, entertainment, dining holidays or cash.
Credit Card Cool view this as not a bad little card but it’s not going to offer much that’s different from your run of the mill reward based cards.
Credit Card Cool award a ** ranking out of a potential ***** star ranking for the MBNA Rewards American Express Credit Card.
We called this the naked Barclay Card because the design is pretty bear/bland/naked of any features. It’s appearance is pretty lacklustre and really has nothing to distinguish it from the thousands of other cards out there.
Nonetheless it does offer some interesting features:
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The much vaunted Mint Credit Card seems to be advertised just about everywhere at the moment. I certainly like the look of it from an aesthetic perspective but there is very little to distinguish it in terms of features which include:
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