There's so much to enjoy as an American Express Card Member, and a world of benefits await. From Amex offers and events, to travel and payment flexibility. Plus with no limit to the amount of points you can earn and no expiry date, the opportunities are endless. Already a Card Member?
Things That Make Amex Cards Special
Amex allows other banks and credit unions to issue cards on the Amex network as well. The cards often have rewards. American Express is known for having a large selection of rewards cards, from travel to cash back to cards that are co-branded with merchants.
American Express is one of the leading card issuers in the United States. 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.
Amex's stand out as having some of the best perks and rewards in the industry, but they are offset by high annual fees, high credit requirements, and a slightly lower merchant acceptance rate.
American Express targets these affluent cardholders through a '“spend-centric” model that focuses on generating revenues primarily by driving spending on its cards. That's where rewards come in. In just 2022, Amex spent almost $17 billion providing services and rewards to its card members.
What is the highest salary in American Express? The highest-paying job at American Express is a Vice President (VP) with a salary of ₹90.7 Lakhs per year. The top 10% of employees earn more than ₹25.20 lakhs per year. The top 1% earn more than a whopping ₹66.37 lakhs per year.
AmEx cards offer high rewards and generally require at least good credit. If you currently have poor or average credit, then you may want to consider looking at a different issuer that offers options for a more diverse range of credit scores.
Where is American Express accepted in Australia? It is true that Visa and Mastercard are accepted at more merchants both in Australia and overseas. However, American Express has been expanding its footprint, with more than 100,000 participating businesses added over the last few years.
The Platinum Card® from American Express is another popular luxury card worth considering. Paying the card's $695 annual fee is worth it for high-spending frequent travelers who earn its initial bonus...
Yes, it is good to have an American Express credit card because Amex cards offer people with good or excellent credit attractive bonus rewards on a variety of purchases. American Express cards also come with an array of welcome offers and introductory 0% APR promotions, in addition to a certain air of prestige.
Having an American Express card means that you likely have good or excellent credit, and some people might assume that you have an above-average income and good employment. Owning an Amex card also means you can use your card at any merchant or financial institution that accepts cards on the American Express network.
In addition to having good to excellent credit and the rules on how many cards you can have or apply for, American Express will also review credit report information including your payment history and credit utilization. Bottom Line: You will need good to excellent credit to be approved for an Amex card.
The downsides of American Express cards can include their annual fees. The Platinum Card® from American Express has a very high annual fee of $695 (Rates & Fees), and even the American Express® Gold Card has an annual fee of $250 (Rates & Fees). Another downside is the once-in-a-lifetime policy for welcome bonuses.
Here are some key things to know about American Express: A+ BBB rating. 3.9/5 average rating among users. Offers credit cards, debit cards, prepaid cards, gift cards, bank accounts, personal loans, travel services, and financial solutions for businesses.
The different fees often make or break a deal for a merchant. This is why many merchants, especially small businesses, don't accept American Express. American Express' interchange fee is just too high. Providers like Visa and Mastercard charge between 1.15% and 2.5%, while Amex charges merchants between 1.43% and 3.3%.
Unless you've been living under a rock, you know that Amex's black card is reserved for the ultra-wealthy and big-spending hotshots. Officially known as the Centurion® Card from American Express, it's used often by big-name celebrities and business owners.
The rarest credit card in the world is likely the Centurion® Card from American Express, also known as the “Black Card.” This card is available by invitation only, and you will reportedly need to spend at least $250,000 per year on other Amex credit cards and have an income of $1 million+ to get it.
American Express is both a card issuer and a payment network. American Express does double duty. It processes transactions for its own American Express cards and cards from other issuers that use the American Express card network. Visa is only a payment network.
Comparison: Credit Score Approval Requirements
Because Visa is offered by so many more card issuers than American Express, there are more types of Visa cards, so it's typically easier to get approved for a Visa card with a lower credit score than an American Express card.
You can pay with a Visa, Mastercard or American Express credit or debit cards, or use PayPal.
AmEx, Diners market share in overall credit card purchases in Australia 2010-2021. American Express and Diners Club credit cards were responsible for 7.3 percent of all Australian credit card payments in June 2021.
Centurion® Card from American Express
Why it's one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.
It's best to apply when you know you can afford the $250 annual fee (See Rates & Fees) and the monthly balance and can satisfy the welcome bonus spending requirements. Estimates indicate most cardholders earn at least $65,000 per year.
Amex Platinum ultimately offers more value, though. For example, its benefits include airport lounge access, while the Amex Gold Card's perks do not. When it comes to ongoing rewards on purchases, Amex Platinum has a higher maximum earning rate and better travel rewards. But Amex Gold provides more everyday value.
The Amex Platinum Card offers a lot of value to big spenders who pay their account in full each month. It's linked with the American Express Membership Rewards Program and offers a high earn rate of 2.25 points per $1 on most purchases – plus 1 point per $1 for spending with government bodies like the ATO.