What American Express Credit Card is the Best For You?
Although American Express is best known for its premium travel credit cards like The Blue Cash Preferred Card from American Express and “experiential” products like concierge service, the company also offers cards with less expensive annual fees and fewer advantages that aren’t related to travel.
In addition to its stellar reputation for customer care, American Express is widely recognized as a leading provider of various travel credit cards, including those that offer air transportation, hotel stays, cash back, and more. Insider partners include Amex.
Discover which American Express credit card is ideal for your personality and spending patterns.
American Express: Definition
American Express, or Amex, is a credit card issuer and a credit card payment processing network that connects consumers and businesses.
Cards are available for individuals, tourists, entrepreneurs, and large enterprises. American Express also provides supplementary banking services including savings accounts and CDs (CDs).
Where can I use my Amex card?
American Express is recognized by more than 66 million establishments throughout the world and accepted by 99 percent of credit card-accepting businesses in the United States. As a result of this widespread acceptability, using an American Express card both at home and abroad is highly unlikely to cause any problems.
Benefits and Drawbacks
Advantages
American Express caters to a large customer base by offering cards for various uses, including cash back, air travel, hotel stays, grocery stores, business transactions, and more.
American Express has collaborations with some of the world’s best-known hotel and airline brands, making it possible for cardholders to earn rewards from their stays and travels.
American Express has numerous low-cost credit card alternatives, including some with no annual charge and generous sign-up bonuses.
Disadvantages
Some of Amex’s greatest credit cards have prohibitively expensive annual fees. This can cause some hesitance and rule out certain potential cardholders, even though the American Express Card rewards given with credit cards can make it worthwhile.
Some American Express cards’ only form of redemption is a statement credit, limiting your options for how and where you can spend your rewards.
To be approved for most of Amex’s alternatives, you need a strong to excellent credit score.
How to apply for American Express cards in the best way
Given all of these rules, what’s the best way to apply for an American Express card?
- No matter what the card rules are, you should first decide what you want to do with an American Express card. Is it to get points for trips? You might want to use an airport lounge or get other perks that are only available with a certain card.
- Use the above rules for applying for an Amex card to help you figure out when to do it. If you stick to the time frames that other customers have had, you’re more likely to get approved.
- The fastest way to get more points is to get welcome offers, but that’s not the only way. You can also get points when you use your card.
- If you’re a small business owner, a business card is a good place to start. Since business cards 4. don’t count toward the four-card rule, you can get great rewards for business expenses without giving up opportunities for consumer cards.
The Best American Express Card
American Express Blue Cash Everyday Card: Best for cash back and no annual charge
Perks of Blue Cash Everyday Card:
This card is a well-rounded and cheap solution for folks who spend a lot of money on gas and groceries. There’s even a special rewards tier for department store purchases for those in need of some shopping therapy.
Who can use this card:
Frugal homemakers who do not wish to pay an annual fee may nevertheless profit from the local department store’s good rewards rates on groceries, garments, and other household items.
Blue Cash Preferred Card from American Express: Ideal cash back card for your family
Perks of Blue Cash Preferred Card:
This card has one of the ideal cash back rewards rates on U.S. grocery store purchases and a similar rate on U.S. streaming services.
Who can use this card:
Big families with big grocery bills, subscriptions to multiple streaming services, and big gas budgets.
The Business Platinum Card from American Express: Ideal business card for travelling
Perks of Business Platinum Card:
The card’s premium features are well worth the cost for serious businesspeople. Top business expenses, such as technological products and hardware supplies, are rewarded with this card, and cardholders also gain access to some of the greatest airport lounges in the world. These business credit cards is designed for long-standing enterprises, whether virtual or physical.
Who can use this card:
This card is ideal for frequent business fliers who insist on the finest amenities while on the road.
American Express Blue Business Cash Card: Ideal for Start-Up Business
Perks of Blue Business Cash Card:
The card’s Expanded Buying Power function is especially useful for small businesses because it allows them to make larger purchases without going over their credit limit.
Who can use this card:
This card is ideal for new businesses that don’t yet have a lot of credit but want to earn a steady stream of cash back with no effort.
The Platinum Card from American Express: Large welcome bonus
Perks of Platinum Cash Card:
The Platinum Card has some of the best travel perks and rewards rates available, as well as access to the finest lounges in cities throughout the world and generous yearly credits.
Who can use this card:
Those taking trips abroad who want the best possible amenities and services.
Conclusion
Many of the best perks and benefits of an American Express credit card come with annual fees, so you have to be willing to use every bit of value and statement credit to make it worth it.
But if you don’t want to pay hundreds or even thousands of dollars in annual fees, there are still a few credit cards that don’t charge a yearly fee but still give you good rates on purchases.
If you want to know more information about credit card promotions, make sure to check out DealAM for the latest American Express Credit Card offers.