Credit Card Study

General
What are Credit Cards
Advantages of Credit Cards
Applying for a Credit Card
Children and Credit Cards
Credit Card Terms and Fees
Credit Cards - The Right Tool for Merchants
Credit Cards as a Credit Instrument
Credit Cards Codes and Numbers
How Many Credit Cards are Enough
How to Select the Right Credit Card
Interest Rates for Credit Cards
Online Credit Card Usage
Risks of Credit Cards
Using Credit Card Overseas
Where to Use a Credit Card
Zero Rate Credit Card or Not

Major Credit Card Issuers
Wamu credit cards
American Express Credit Cards
Capital One Credit Cards
Chase Credit Cards
Citi Credit Cards
Diners Club Credit Cards
Discover Credit Cards
Mastercard Credit Cards
Visa Credit Cards

Credit Cards and Debt
Avoiding Credit Card Debt
Bad Credit and Credit Cards
Credit card debt consolidation
Credit Card After Bankruptcy
Credit Cards and Credit History
Getting Out of Credit Card Debt
Filing For Bankruptcy
If a Credit Card Issuer Sues You
The Optimal Credit Card Balance
Credit Card Debt Refinance

Credit Cards and Fraud
Avoiding Credit Card Fraud
Credit Card Fraud Protection for Merchants
Famous Credit Card Frauds
Famous Credit Card Law Suits
How Credit Card Issuers Cheat
Merchant Credit Card Fraud
Protect Your Card
What to Do in Case of Identity Theft
How Consumers Cheat

Types of Credit Cards
Business Credit Cards
Debit Cards vs. Credit Cards
Low Interest Credit Cards
Rewards Credit Cards
Secured Credit Cards
Student Credit Cards
Types of Credit Cards
Unsecured Credit Cards
Zero Credit Cards

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American Express Credit Cards

American Express, or AmEx, is one of the oldest financial companies in the United States and in the world. In addition to credit cards, American Express operates in the charge card and traveler's cheque businesses. Although American Express are not as popular as Visa and above all MasterCard, they are still one of the most popular credit card brands in the US and in the world. However, there are many places where AmEx is not accepted, so if your only credit card is AmEx, be prepared for unpleasant surprises.

About 20 or 30 years ago the situation was different. American Express was more widely accepted, partially because of its marketing tricks. American Express signed contracts with shops, restaurants and other companies, making them to reject all other competitors' cards and accept nothing but American Express. The trick did not work for long because the merchants suffered losses because of it, especially having in mind that other issuers offered them better conditions. Besides, there were legal grounds to dispute this practice and finally American Express had to give it up. So, American Express could not keep its monopoly and had to fight for market share by other means.

Despite the fact that American Express is not as widely accepted as it used to be, it is still one of the major credit cards. Like all credit card issuers, American Express offers the full range of credit card products both for individuals and for companies. Probably the choice is not as big as with Chase cards (which are issuers of both Visa and MasterCard), for example but still American Express manages to cover all segments on the market.

A couple of years ago one of the novelties in the American Express portfolio was the Blue card. American Express has traditionally been oriented towards richer segments but offering a cheap credit card for people with low income was certainly a success because it helped American Express to regain popularity. Besides the Blue card (which comes in many varieties), American Express also offers Green, Gold and Platinum Cards (which also come in several varieties), which are still targeted to customers with good credit and high income but are affordable even by people who are not top-notch payees with astronomic salary.

The credit cards for the rich are still an important part of the American Express arsenal – for instance one of the emblematic American Express credit cards – the Centurion has an annual fee of $2,500 and is certainly targeted to the richest customers on the market. Well, not all American Express credit cards, not even their corporate ones, have an annual fee that high but many users of the Centurion have seen that the high annual fee is compensated in other ways and actually they benefit from having such an expensive card. For people who are not willing or can't pay such a high annual fee, there are other options - there are cards that have no annual fee at all but they usually don't all the benefits of the more expensive ones.

Still, American Express is especially good if you are rich and if you travel frequently. There are many credit cards with the American Express brand issued by hotel chains, restaurants, resorts, airlines, golf clubs, etc. like the Hilton Hotel, Starwood hotels and resorts and so on. Cards with different types of rewards, not only travel related ones, are issued both to individuals and companies and some of them are really a big deal for customers.