American Express credit card is the most widely used credit card in the United States. It offers its services to people seeking to make purchases or payments. This card allows its holders to buy goods that they want and pay for them through it. There are also different credit cards from American Express, which they can choose from according to their needs. These cards are processed through the AMEX office. American Express purchases its merchant account from financial institutions and then turns around and sells this account to retailers.
American Express has four different charge cards. They are the Charge card with no annual fee, the Blue Card, the Gold Card, and the Silver Card. The credit card with no annual fee comes with a low 0.08% interest rate. It is easy to use and has a great customer service. If the consumer wants to shop, the AMEX credit card is an ideal choice.
The Blue card is an ordinary plastic card. This card is also accepted at many shops and other places. Because this card is not linked to a bank account, there is no need for a bank account number. However, this card is not as widely used as the other two charge cards because of the lower credit limit. It is used mostly by people who do not want to pay for everything right away.
The Gold card allows its holder to use one of their purchased Gold Cards and pay for the same at any participating merchants. This makes the purchase of goods cheaper since there are no additional fees for using the Gold Cards. American Express charges a higher interest rate for the Silver card but it offers a great customer service. When making a purchase with the Blue card, a reminder will be sent to the recipient by American Express to cover the outstanding balance.
The Platinum card is the most popular American Express credit card. It has a reward program that includes regular rewards. Rewards include cash back, gas rebates, air miles and more. The card is also good at restaurants and other retail stores. The higher your credit limit, the more you can spend. The drawback of this card is the higher interest rate.
If you are a student, you may consider the Student Credit card from American Express. You must have a CAC of at least $2500 in order to be eligible for this credit card. You will be able to pay your bills online using the statement you receive each month. This account is reported to the credit bureaus and you can receive low interest rates. These charge cards are a great way to establish credit when you are finished school and are paying for school with a credit card payment.