Accumulated rewards remaining in a member's account (after all American Express® Reward Cards are issued) in an amount less than $20 will expire at 11:59 PM (prevailing Eastern time) on December 31 of each year.
The Reward Card can be used at U.S. merchants that accept American Express® Cards. Funds do not expire. No ATM cash withdrawal. Subject to applicable law, a $2.00 monthly fee will be assessed against the Reward Card balance starting six (6) months after Reward Card issuance. See American Express® Cardholder Agreement for complete details.