The American Express Bank, otherwise known as the American Express Company, is a large and well-known financial institution based in 200 Vesey Street, New York City. The company was originally founded in 1850, and is among the thirty-eight constituents of the Dow Jones Index. The company has grown in size to become one of the most prominent financial companies in the world.
The name American Express may have been chosen by accident. While in a bar with two coworkers, they came across the phrase “American Express” and began referring to their credit cards as such. Over time, other business owners began calling their cards by this term as well, so the term became quite familiar by the 1980s.
Because of the company's cardholders' association with the term, the company also became known as that phrase. Other names that were used at the time are American Express and the American National Bank. Today, both of these companies are privately held. There is no other company as well known or respected by its cardholders.
Cardholders have the option of purchasing their own cards from the company, and they are called American Express cards. These cards may be used to pay bills and make purchases at the company's retail locations. Most American Express cards include cash back rewards for certain types of purchases made with the card.
American Express cards are available to both business and individual cardholders. It is important to read the fine print on any card before using it, because the terms and conditions change over time. The interest rate will vary according to a number of factors, including your age and how long you have been employed with the company. Interest rates may even change for new cardholders.
Before purchasing a card, you should investigate all the terms and conditions of the card carefully. The bank offers rewards programs, and the amounts of these can vary from card to card. If you have a bad credit history, you may not be able to get a card, because the bank will require that you pay fees for a deposit before offering a card to you.
If you choose a card from the bank, you should look into the terms and conditions of the card and how the cards work. Some cards can work with debit cards, and others may not have the option. A good idea is to find out what each card offers and use that for your needs. If you are planning to travel often, look into the rewards that are offered to you before making . . . . . . your decision about which card to purchase.
If you are considering a business card, you should compare the rates and benefits to see if it is a good deal. There is a limit to what the bank can offer you based on the amount you are looking to spend on the card. You will also want to know whether you can get additional cards if you become a frequent traveler.
Before applying for a card, check your credit report to find out if there is a problem with your score and if there are any errors on it. The bank will usually send you an annual credit report after you apply.