The Nest Credit Card Review
Summary - The The Nest Credit Card from American Express is a quais retail credit card from The Nest, which is an online store and community website for new couples. This card allows you to earn Membership Rewards Option Points and one of the perks is that you can get discounts and savings from The Knot if you are a cardholder. Find out more about this card.
Reward Formula - The Nest credit card allows you to earn one membership rewards options points for every dollar that you spend on the card. Points can be redeemed for rewards in the membership rewards program. As a cardholder, you will get discounts and savings at The Nest and partner retail stores. New cardholders will get a The Nest Planning Kit, filled with many helpful items to get the two of you started including The Nest planning binder, designed to help you organize and manage home expenses and joint finances. .
New cardholders also get 5,000 bonus points. You will receive 10,000 bonus points if you spend $15,000 a year on your card.
Fees - The Nest Credit Card has no annual fee. The apr is either prime rate plus 3.99%, 5.99% or 7.99%. The average daily balance method (including new purchase) is used to calculate monthly balances.
Verdict - If you surf TheNest.com site a lot, are part of the community and shop at their partner stores online, you may want to consider The Nest Credit Card from American Express as you can can get discount and savings for these purchases. You can also earn Membership Reward Points.
Positives
- Free "Financial & Expenses Planner" in a Binder
- Earn Membership Rewards Options points
- No annual fee
| The Nest Credit Card | |
| Reward Benefits | |
| Bonus Points | 5,000 points after first purchase |
| Point Accumulation | Earn one membership reward point for every dollar that you spend on the card |
| Caps on Points | Earn unlimited Points |
| Points Expiration | Membership Reward Points do not expire |
| Cost/Fees/Interest rates | |
| Introductory rate | None |
| Annual Fee | None |
| Purchase APR | Prime Rate plus 3.99%, 5.99% or 7.99% |
| Balance Transfer APR | Prime Rate plus 3.99%, 5.99% or 7.99% |
| Cash Advance APR | Prime Rate plus 14.99% |
| Penalty/Default Rate APR | Prime Rate plus 21.99% |
| Min Finance Charge | $0.50 |
| Grace Period | 20 days |
| Balance Calculation Method | Average Daily Balance (including new purchases) |
| Balance Transfer Fee | No balance transfer fee during introductory offer |
| Cash Advance fee | 3%, min $5.00 |
| Over-the-credit-limit fee | $30.00 |
| Late Payment fee | $30.00 |
