AmEx credit cards
American express or AmEx is a credit card issuing bank and financial company with its own global payment network.
AmEx became famous in 1950-60s with its charge cards, targeting affluent customers. Since then, a strong competition from almost all major banks in the upper end pushed AmEx from catering high net worth individuals to a more ‘retail spending’ category.
Today the company extended its product lines with EveryDay revolving credit cards. Now AmEx offers typical credit cards with great rewards, no annual fee options and ability to carry a balance on a card.
- earn 3x points on airplane tickets booked directly with airlines
- 2x points for gas, supermarkets
- 1 point per dollar on everything else
- get 25,000 points after spending $3,000 in the first 3 months of the account
$195 annual fee, waived for first year
charge card, need to pay off balance in full every month
| regular APR | |
- 3 miles on Asiana purchases
- 2 miles on gas and groceries
- 1 miles on all other purchases
- +10,000 miles and $100 Asiana ticket rebates every year
$99 annual fee
1-3 miles per dollar
annual bonuses
Benefits
Some important benefits, included in AmEx cards package are:
- Car Rental Insurance. It offers Collision Damage Waiver for rental cars with MSRP below $50,000 for 30 days or less.
- Lost or stolen baggage. It covers up to $500 per trip for all persons combined. It works only if you pay for your tickets with American Express card.
- Global Assist Program or 24/7 Premium Assist Hotline Program for Platinum card holders.
Pros
- AmEx still has a good recognition. You will not necessarily impress people with AmEx card, but some still look at AmEx as an upper end brand.
- The company has good standards for customer service.
- Usually high credit limits.
Cons
- American Express is accepted at fewer places than VISA or MasterCard. The company is improving the situation, but small merchant locations tend not to accept AmEx cards. Overseas acceptance is worse than for VISA or MasterCard as well.
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