An American Express Card is a credit card system of payment generally offered to the American citizens. Since this electronic payment system provides large credit limits for its clients and makes the purchases easy, the main customers of this payment system are the business people. A national survey on customer satisfaction revealed that this card is ranked the highest for the last four years. These electronic cards contain identification information such as a picture or the signature of the card holder. The primary objective of these electronic payment cards is short-term financing and they will charge interest for the usage. This allows the card holders to borrow the funds usually at point of sale terminals and also helps them establish a new banking relationship. Apart from these things, the card also offers lots of additional benefits to the holder including travel accident insurance, purchase protection, extended warranty, return protection, etc.
Types
Nowadays, the people can avail of different types of American Express Cards. The American express platinum card, American express gold card, premium reward gold card and blue cash every day cards are the most popular types. The American express platinum card is the most commonly used American Express card. This card is mainly suited for the persons with discerning taste and excellent credit. These cards provide reward points to the card holders. The most important feature of this American Express card is that you can get free access to the airport lounges all over the world. The main feature of the American express gold card is that the reward points that you gained wont expire and you can use these points for any travel, merchandise as well as entertainment purposes. By using the premium reward gold card, you can earn 20,000 reward points in every year if your total purchase amounts exceed $35,000. The blue cash every day card is considered the best cash back American express credit card because for every purchase made in USD, it offers 3% cash back and 2% for the purchases from recommended online websites.
Tips for using American Express Cards
There are lots of things you have to consider while choosing an American express card for your personal use. Firstly, you have to decide the type of card you need. As mentioned above, there are different types of such cards. So you have to select them according to your needs. The second thing you have to consider is the annual percentage rates (APR). Most of them have different annual percentage rates for balance transfers, purchases and cash advances. The next thing you must take into account is the grace period. It is the time period to pay your full balance without any financial charges. It may depend on the type of card you have selected. The annual fee of the various American express credit cards will also be different. Another crucial thing is the credit limit. It is the main factor which influences your purchasing power. The credit limit of different cards will also be different. But if you are a newcomer, it is better to start with an American express card with low credit limit.
Types
Nowadays, the people can avail of different types of American Express Cards. The American express platinum card, American express gold card, premium reward gold card and blue cash every day cards are the most popular types. The American express platinum card is the most commonly used American Express card. This card is mainly suited for the persons with discerning taste and excellent credit. These cards provide reward points to the card holders. The most important feature of this American Express card is that you can get free access to the airport lounges all over the world. The main feature of the American express gold card is that the reward points that you gained wont expire and you can use these points for any travel, merchandise as well as entertainment purposes. By using the premium reward gold card, you can earn 20,000 reward points in every year if your total purchase amounts exceed $35,000. The blue cash every day card is considered the best cash back American express credit card because for every purchase made in USD, it offers 3% cash back and 2% for the purchases from recommended online websites.
Tips for using American Express Cards
There are lots of things you have to consider while choosing an American express card for your personal use. Firstly, you have to decide the type of card you need. As mentioned above, there are different types of such cards. So you have to select them according to your needs. The second thing you have to consider is the annual percentage rates (APR). Most of them have different annual percentage rates for balance transfers, purchases and cash advances. The next thing you must take into account is the grace period. It is the time period to pay your full balance without any financial charges. It may depend on the type of card you have selected. The annual fee of the various American express credit cards will also be different. Another crucial thing is the credit limit. It is the main factor which influences your purchasing power. The credit limit of different cards will also be different. But if you are a newcomer, it is better to start with an American express card with low credit limit.
Source...