American Express cards are renowned for their rewarding features like huge reward points, valuable statement credits, and a wide access to lounges at airports. Beyond these attractive advantages. Amex offers a variety of lesser-known perks that could bring a new dimension to your daily life.
If you’re already an Amex cardholder or you’re considering making the switch. These less well-known advantages could be enough to think about giving Amex cards a closer glance. We have done a research for you by this you will find additional protections. Along with discounts and other benefits that make these cards more enjoyable.
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Use of Amex Card
You can purchase items using an American Express Card through a variety of methods. Whatever method you decide the method of payment you’ll get the same top-quality services with security features, rewards and benefits.
About American Express Card
The American Express (Amex) card is a top-quality credit or charge card that is with a reputation for high rewards, travel perks and top-quality customer service. In contrast to Visa/Mastercard, Amex acts as both the card issuer as well as the payment processor. It is popular for dining, travel or shopping. These cards typically include premium benefits including lounge access but they can also charge more annual fees, and less however, they have improved acceptance of merchants.
Advantages of American Express
Other credit cards could claim to provide excellent service however, American Express lets its reputation speak for itself. Although American Express is as clear as any other card in discerning clients who have different wealth levels. It can be relied on to provide each cardholder with exceptional customer service.
- If you make a call to the 800-number, person with perfect English is available within a couple of minutes. Service representatives are courteous and polite in dealing with everything from simple billing queries to the most outrageous rants of spoiled cardholders. The level of training they are required to get is unquestionably top-notch.
- Sure, there will be some disgruntled cardmembers with demands that nobody is able to meet However, in most cases with uncertainty, they are typically resolved in the cardholder’s favor. Sometimes, that means American Express absorbs hundreds or thousands of dollars in one loss to ensure that the cardholder is satisfied.
- I’ve been a cardmember for more than 20 years and am an happy and faithful card holder for all of this time. When I travel, I don’t leave my home without it. If I’m in a pinch, I realize that the best way to be rescued from difficulties in a foreign land is with American Express. Certain of the higher-status cardholders have access to amazing services at an expense.
Car Deal Program
It’s still quite useful to use the American Express card to buy cars worth $20-30K, without going through the hassle of approving the purchase. Locating a dealer who allows you to purchase a vehicle using credit card can be straightforward. However all dealers who participate in the Amex Auto Purchase Program allow you to make a minimum charge of $2,000. This charge levied on the purchase cost on your Amex cards.
You can earn rewards for your purchase, but there are some significant restrictions to be aware of. If you aren’t able to pay off the balance on your credit card and you don’t pay it off, you may be paying a more expensive interest rate on the balance than a car loan.
Disadvantages
- On the flip side there are few drawbacks also with it. Firstly, it is not clear how many retailers take American Express with its high fee for merchant charges and favorable dispute policies for cardmembers. Therefore, it is difficult to make use of.
- American Express cards come with the highest annual membership fee which include $500 for the platinum card and $2500 for their black card. However, the majority of their co-branded cards do not require membership fees.
- Although American Express offers great service and a variety of perks, including hotel points and airline miles. But there aren’t a lot of cash rewards, like the other cards that can offer 2 to 5 percent of the purchase.
Bottom-Line
American Express offers a premium system of services, like high-touch as well as a variety of lifestyle and travel benefits. Also offers the ability to transfer rewards that offers better value with the right user profile. The downsides are more expensive merchant fees (affecting the acceptance of your card) and, in general, more expensive card fees. Amex offers the most value for those who are able to benefit from its advantages along with transfer partners.