The American Express Company, commonly referred to as AmEx, is an international multinational financial institution headquartered at 200 Liberty Street in New York, United States. The company was established in 1850 in San Francisco, California and is considered one of the largest 30 members of the Dow Jones Industrial Average (DJIA). The Company is engaged in the business of making travel arrangements for their clients through the use of credit cards and other debit cards. This is done by issuing travelers with an issued card that may be used at a specific retailer or ATM machine and the cardholder will receive a number of miles, or rewards for using the card at these merchants.
The rewards programs of the American Express credit card vary among different merchants. Some rewards programs are provided directly by the credit card issuer, while others are provided by the retailer in question. Many merchants will offer rewards to their customers on purchases made using their own merchant account. These rewards may be in the form of cash back, air miles or certain items like products bought using their gift cards.
The American Express card is issued by three major issuers: The first is the MasterCard and the second is Visa. All American Express credit cards have no annual fee and the balance transfers for those with a MasterCard or Visa card will not cause a charge off. The MasterCard or Visa cardholder has the ability to earn a point for every dollar they charge for their cards. The points can be redeemed for airline tickets, hotel accommodations and even certain types of merchandise.
The American Express card is issued at all participating retail locations across the United States including gas stations and grocery stores. There are different credit card plans that a person can apply for depending on their spending patterns. Some credit card offers may give a credit card to college students, others may provide a credit card to people who do not have a bank account and others may provide a credit card to seniors and disabled persons. The major credit cards are issued at an annual fee and there are a few credit cards that are not issued with an annual fee.
An American Express card can be obtained at a local bank, the American Express website, and from their network of participating merchants. The online application process is very similar to applying for a traditional credit card. One of the biggest advantages of having an American Express credit card is that it does not require a monthly payment. Once you are approved, you will receive a receipt for all transactions and your account will show any reward or credit card balance that was paid in.
There . . . . . . are three major advantages to having an American Express card. The first is that it allows you to redeem your rewards for air miles, cash back, and hotel room discounts. The second is that if you do not use your card you points, they will remain available to you in the event you need them. And the third is that it makes shopping at a particular store or merchant easier. If you have to pay your bill at the end of the month, there is no hassle involved because all you have to do is contact the company and they will take care of it for you.