With an American Express® Rewards Card, you can earn rewards points on purchases. Membership Rewards points can be redeemed for holidays, shopping, or even special experiences like theatre or gig tickets. Earn Frequent Flyer points on every purchase with our Travel Rewards Credit Cards.
American Express is good because its credit cards offer customers a wide selection of bonus rewards in popular purchase categories. American Express credit cards also have an assortment of lucrative welcome offers, introductory 0% APR offers, and luxury travel benefits.
It offers bonus points on food-related purchases, plus dining and travel credits. Rewards are transferrable to travel partners.
What makes American Express different is that it is both a card issuer and a card network. Unlike card issuers such as Chase or Bank of America and card networks such as Visa or Mastercard, American Express serves both the role of servicing accounts and processing transactions.
Yes, it is good to have an American Express credit card because Amex cards offer attractive bonus rewards on a variety of purchases for people with good or excellent credit. American Express cards also come with an array of welcome offers and introductory 0% APR promotions, in addition to a certain air of prestige.
In the 2020 U.S. Credit Card Satisfaction Study by J.D. Power, American Express came in first. It has also consistently done well in these yearly studies. If you get a card that's issued by American Express, you can expect high-quality service. With Visa cards, you won't interact with Visa for customer service issues.
The primary drawback of American Express cards is the fact that they charge companies for the payments that they process. This is because they have their own payment network and don't rely on companies like Visa and Mastercard. This means that some businesses, especially smaller ones, may not accept American Express.
American Express is often better than Visa and Mastercard for use in the U.S. by people with good or excellent credit who pay their bill in full monthly and redeem rewards for domestic travel or cash, depending on the Amex.
Yes, it's hard to get an American Express card because they all require good or excellent credit for approval. But American Express isn't the only credit card company to target people in the highest tiers of the credit score scale. Barclays and Wells Fargo do too, for example.
Why It's One of the Most Exclusive Credit Cards: The most exclusive, prestigious credit card is without a doubt the American Express Centurion Card, otherwise known as the Amex Black Card. That's because it's the most famous.
No,. American Express is not specifically for rich people, even though it does have a high level of status in many people's minds. Applicants need good or excellent credit scores of 700+ to qualify for Amex credit cards, and you don't need to be rich to have a good credit score.
Yes, an American Express card is worth it for people with good or excellent credit scores who want to earn rewards on U.S. purchases that they'll pay for in full by the due date every month. An Amex card may also be worth it for people who want an introductory low-interest period in addition to rewards.
The hardest Amex card to get is the Centurion® Card from American Express. Also known as the “Black Card,” this Amex card is hard to get because it is available by invitation only, and potential candidates are rumored to need an annual income of at least $1 million.
The answer is simple: stores want more money in its pockets. American Express charges stores, or merchants, higher fees than other credit card networks like Visa, Mastercard, and Discover. When you buy items with your Amex card instead of another credit card, your favorite store will be charged a higher fee.
We recommend that your annual income be at least $50,000 or higher before applying for the Amex Platinum. The Amex Business Platinum card gives you a little more wiggle room because even if you have low business income or are just starting your business, you can still qualify for an Amex small business card.
Another major requirement is a steady income. American Express does not disclose a specific income requirement, but it will need to be enough to make payments on the card and to afford the $250 annual fee.
However, there are many benefits to giving your customers the freedom to pay with their card of choice. These days, AMEX is accepted at tens of thousands of Australian businesses, including post offices, Bunnings, Coles and Woolworths, David Jones and Chemist Warehouse.
Countries Where American Express is Accepted Most: Canada, Australia, UK, India, Singapore. Places Where American Express is Not Accepted: Cuba, Sudan, South Sudan, Iran, Syria.
If your goal is to get or maintain a good credit score, two to three credit card accounts, in addition to other types of credit, are generally recommended. This combination may help you improve your credit mix. Lenders and creditors like to see a wide variety of credit types on your credit report.
If there's one card most associated with celebrities, it's the American Express Business Centurion Card, often referred to as the Amex Black Card. It's an invite-only card, and although you don't need to be famous to get it, the spending requirement for an invite is rumored to be at least $250,000 per year.
Generally, a card issuer invites only their most loyal customers who spend upwards of six figures or more a year to become a black cardholder.
Instead of a traditional credit limit, the American Express Platinum card has a no preset spending limit, which means the amount a cardholder can spend changes over time.
Lisa Cahill, Credit Cards Moderator
The American Express annual fee is $0 to $695, depending on the card. If an Amex credit card has an annual fee, it gets charged to the card when the account is opened and again every year during the month of the card's anniversary.
It's known for its top-notch customer service and some of the best rewards available. From ultra-elite business travel cards to everyday rewards, American Express has credit cards that are a good choice for many different types of cardholders.