Selecting the perfect credit card according to your needs is a risky endeavor unless you explore Amex credit card reviews, isn’t it? Particularly with so many great choices from numerous issuers, American Express and its affiliates are selling some of the top cards available on the market.
Amex has a card tailored to almost everyone’s requirements, from newcomers to regular travelers to road warriors. As different Amex Cards provide various earning categories and perks, how do you select the best Amex card for yourself? What are the best different types of Amex cards available? Without further ado, let’s dive in and find out the answers to all your queries!
American Express Cards
American Express cards are distinct from regular credit cards in the way they function. Many individuals are unable to completely grasp the difference between them and standard cards.
Much of our regular currency transactions take place through our banks, but the banks do not regulate any aspect of the mechanism. There are a variety of companies that connect the accounts to the transactions you generate on the debit or credit cards. These firms are typically payment networks, such as Visa and Mastercard, which don’t send you a card themselves but only help handle transfers between shops and banks.
So what makes Amex so unique? American Express distributes its cards, finances the transactions you make and handles the cash deposit. American Express is supposed to pay the charges in the form of interest or a one-off fee that incur due to this service. They also get a commission from the shops to handle their payments.
Benefits Of Amex Cards
American Express has been linked with luxurious lifestyles and lavish living because of its high credit standard and the numerous perks that come with having one. The Amex card allows its users to access gold memberships in rental car companies, a range of exclusive airport lounges, and personal assistants in luxury stores.
While this picture of the American Express is still somewhat predominant in popular society, it has begun to expand its audience to a slightly exclusive demographic. They also sell no-fee American Express cards that allow you to get money back and Airmiles any time you purchase products.
There are many other benefits, such as automobile insurance and vacation insurance. American Express already has an outstanding record of customer service and customer loyalty. The top-level American Express Cards get airmile and nector point and also have 5% cashback deals on transactions made.
Best 5 Different Amex Cards
American Express is best known for its luxury cars such as the Platinum Card and its “experiential” luxury packages such as concierge service. Still, it also provides cards with reduced annual fees and non-travel perks.
Also, all American Express card users will have access to Amex Deals that will reward you points or cashback offers while you buy from certain wholesalers.
If you’re hunting for the right Amex card for you, these are the few you need to know about!
1. Amex Platinum Card
If you love travelling, then this card is made for you! The Platinum Card has one of the highest recorded annual payments on any standard card. The Platinum Card provides 5 points per dollar spent on flights explicitly booked with the airline, and also on prepaid hotels and flights booked via Amex Travel.
The card offers a lengthy list of rewards, including passes which help in accessing more than 1,200 airport lounges and five-star hotels. This card allows you to earn 1x points on everything else.
2. Amex Gold Card
Credit Score Requirements for Amex Gold Card is strict but If you are a food freak, then The Amex Gold Card is one of the best options for you as it is one of the best dining cards available, unless you’re just concerned about the money back, instead of potentially more valuable bonus points.
The Amex Gold Card collects 4x points in restaurants around the world, 3x points on flight tickets booked straight with the airline, and 1x points on all the others. Based purely on the fact that you can conveniently exchange membership bonus points for more than 1 cent of each amount, this is the biggest-earning card for all food-related stuff.
The Amex Gold Card gives up to $ 100 of airline bill credits per calendar year and significantly contributes to $120 in dining points — partitioned into $10 per month.
3. Amex Blue Cash Preferred Card
Suppose you’re not enthusiastic about collecting Membership Bonus points which can be beneficial, but also take a lot of work to reclaim for full value and would like to stick with money back. In that case, the Amex Blue Cash Preferred Card is a wiser alternative.
The Amex Blue Cash Preferred Card also comes with a range of travelling and purchasing security. Money-back comes as a result of a statement refund, so you can efficiently use it to “remove” transactions.
4. Amex Green Card
The Amex Green Card would be a top choice to receive Membership Bonus points for travel and dining if you can’t pay for the Amex platinum.
You will receive 3 points per dollar on all qualifying travels, including anything from subway tickets to flights to hotels. You’ll also gain three reward points per dollar in restaurants around the world.
The Amex Green card annually charges you about $150, but that’s relatively moderate, significantly if you can reap the benefits of those two annual statement credit cards.
The Amex EveryDay is a non-annual-fee edition that also delivers solid benefits. Like other Amex cards, there are a few travel and buy security, as well as access to the Amex Deals service.
Though most people would still be comfortable with the Preferred Amex Card, the basic EveryDay is yet a viable choice — mainly because there is no annual charge.
It is essential to determine whether or not you are going to end up spending enough on a card to fulfil the minimum criteria to experience the reward offers. If you don’t usually invest as much as you need to, so it’s not going to be profitable to boost your expenses merely to get the advantage of these deals.
To summarize this up, when opting for an American Express card, it’s crucial to know how you’re going to use it and make the worth of your money out of the extras that it provides. Amex credit cards cater to every individual, and every company needs them as they are available in several types.
To find the kind of credit card that offers you the rewards and versatility you need while keeping rates down and continuing to improve your credit score, you need to shop around and pay direct attention to the fine print. We hope this article helps you!