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Is American Express Discontinuing the Clear Credit Card?

American Express announced in 2024 that it would be discontinuing the Clear Credit Card, its popular no-annual-fee offering designed for consumers building or rebuilding credit. If you hold this card or were considering it, understanding what's happening and what your options are matters.

What Happened to the Clear Card?

American Express phased out the Clear Credit Card, marking the end of one of its entry-level products. The card was positioned as a secured credit card alternative — a product aimed at people with limited credit history, lower credit scores, or those working to improve their creditworthiness.

The discontinuation means new applications are no longer accepted. Existing cardholders retain their accounts and can continue using them, though American Express has not announced a hard closure date for current customers.

Why Did American Express Discontinue It?

Card issuers regularly review their product portfolios based on competitive positioning, customer demand, and profitability. While American Express hasn't detailed its exact reasoning, several factors typically influence such decisions:

  • Market competition: Other issuers offer similar no-annual-fee credit cards with comparable or stronger benefits
  • Customer migration: Users who improve their credit often graduate to premium American Express products
  • Business strategy: Amex may be focusing resources on cards with higher engagement or annual fees

What This Means for Current Cardholders 📋

If you already own a Clear Card, your account remains active. You can continue using it for purchases, building credit history, and earning rewards (if applicable). Your existing benefits and terms don't change immediately upon discontinuation.

Over time, American Express may modify terms or eventually close accounts for inactive cardholders, but this typically happens gradually rather than suddenly.

What If You Were Planning to Apply?

Since the card is no longer available, you'll need to explore alternatives. The credit card landscape includes several other options depending on your credit profile:

SituationPotential Path
Building credit from scratchSecured cards from other issuers; credit-builder loans; becoming an authorized user
Fair credit (580–669 range)Unsecured cards designed for fair credit; store cards with lower barriers
Good credit (670+)Standard no-annual-fee cards with broader rewards and features

Key variables that shape which card makes sense for you include your current credit score, credit history length, typical spending patterns, and whether you prioritize rewards, low fees, or account approval odds.

What to Evaluate for Your Next Card 💳

If you're in the market for a credit card after the Clear Card's discontinuation, consider:

  • Annual fee structure: Some alternatives charge annual fees; others don't
  • APR and credit requirements: Different cards target different credit profiles
  • Rewards or benefits: Value varies widely depending on your spending
  • Credit-building features: If credit improvement is your goal, look for cards that report to all three major credit bureaus
  • Issuer reputation: Customer service quality and flexibility matter when managing credit

The discontinuation of the Clear Card doesn't eliminate your options—it just means you'll need to compare alternatives that fit your specific credit profile and financial goals.