Goldman Sachs Platinum Card Cardmember Agreement

American Express National Bank prices Goldman Sachs Platinum Card Cardmember Agreement as a margin over the Prime Rate rather than as a fixed APR, so the filing discloses the spread but not the cost. This page explains what that means and sets the other disclosed terms against the corpus.

On the face of the filing

This page covers the agreement American Express National Bank filed for Goldman Sachs Platinum Card Cardmember Agreement. It is issued on the Amex network and the filing runs 11 pages.

The filing is explicit about a penalty rate, an annual fee line, a late payment maximum and a foreign transaction fee. No figure appears for a purchase rate, a cash advance rate and a balance transfer rate.

These figures carry medium extraction confidence — they are reproduced as read from the filing, which remains the authority.

The purchase rate was taken from a row the filing did not clearly label, so there is some risk it describes a different balance type.

Priced off the Prime Rate

What this agreement discloses is a set of margins added to the Prime Rate. Until Prime is supplied, none of these figures is an APR, and this page will not treat them as one.

As read from the document: 26.74 points for penalty pricing.

The practical consequence is that this card has no single disclosed price. The cost of carrying a balance moves whenever the Prime Rate moves, in lockstep and without notice, and no arithmetic on this page can tell you what it costs today.

Parsing confidence here is medium, so treat the figures as indicative of the filing rather than a substitute for it.

Charges beyond interest

Holding the card costs $895 a year before any transaction takes place — about the 100th percentile among agreements in this index that state a fee.

Foreign transactions carry no fee. Only about 22% of the filings here that disclose a foreign transaction fee set it at zero, so this is a genuine point of difference.

When a payment is late

Late payments are capped at $40 under this filing, about the 72nd percentile of late fee maximums in the corpus.

Inside American Express National Bank's filed lineup

This is one of 25 American Express National Bank agreements collected here.

Among the issuer's other filings that disclose a fee, 20 of 24 come in below this card's $895.

What the filing does not tell you

This page cannot tell you a purchase rate, anything about cash advances, balance transfer terms and a grace period, because the filing's disclosure table as read does not contain them.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Reading the agreement yourself

The filed PDF is linked from this page and runs 11 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

The honest summary is that this filing discloses a structure rather than a price. The margins are real and comparable to each other; the cost of borrowing is whatever Prime makes it.