Credit Cards

American Express Credit Cards


American Express Credit Cards 17.09.2019Leave a comment
American Express Credit Cards

American Express is one of the most popular banks in the U.S., primarily known for its excellent customer service. The credit card usage of American Express has been accounted for nearly a quarter of the United States credit card spending in 2019.

The bank has various credit card offers, including cash-back, travel reward, airline rewards, and other cards.

Based on your financial needs, American Express has excellent product offers for you to save more money and use your monthly budget effectively.

The critical thing is that you understand your financial needs and be able to match it with your wants. Do you want a new American Express credit card and cannot decide on which one to go for?

Let us introduce you to some of the best credit cards you can choose from.

About American Express Credit Cards

The first and most important thing you need to know about the American Express cards is that those don’t target every group of consumers and are not diverse in that sense.

American Express credit cards are usually for the consumers having above good credit (with 670 and above credit score). They also do not have secured and student credit cards, instead your “collateral” is your high credit score.

The majority of credit card options American Express has, offers a variety of bonus and cash back systems. For that reason, the annual percentage rate on the cards may be slightly higher than on competing card issuers.

Other than that, American Express has also a foreign transaction fee on most of its credit cards, which is not very favorable for international users. Overall, what many of the customers really enjoy about American Express credit cards is that they offer a really wide range of bonuses and rewards, which are very easily redeemable.

Many may disagree saying that the costs outweigh the perks provided by American Express. For instance, the card may have really good rewards and bonuses from the first sight, but also has an annual fee of $250.

Credit Cards from American Express
Credit Cards from American Express

If you do your calculations, maybe the payback amount is less than the costs you need to pay on a yearly basis. That is why you need to do a thorough analysis to understand whether you really need a credit card and will be better off with its terms and conditions.

American Express Blue Cash Everyday

If you want a credit card that will grant you rewards on your everyday purchases, go for American Express Blue Cash Everyday credit card.

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You can earn a 3% cash-back rewards at any of the U.S. supermarkets on up to $6,000 on purchases each year. At U.S gas stations and department stores, you will earn a 2% worth of cash backs and 1% on any other purchase you make.

American Express Blue Cash Everyday
American Express Blue Cash Everyday

You can redeem these bonus points for statement credits, merchandise, or gift cards.

During the first 15 months as you open your account, you will be charged 0% annual percentage rate after which a regular rate starting from 14.99% to 25.99% will be charged.

As for the foreign transaction fees, American Express Blue Cash Everyday has a rate of 2.7% regardless of your account being new or old. The card also has no annual fee, which is very typical to cashback reward cards. If you are interested and want to be qualified for this credit card you should note that the card is available to those who have a credit score above 670.

Overall, according to the customers, American Express Blue Cash Everyday offers them a lot of advantages, helping to save more at supermarkets, groceries and gas stations. Many others argue, saying that the option should be added to redeem the bonus points for travel expenses.

Additionally earning 3% cash back at groceries only on the first $6,000 of spending is not the most excellent option in the market.

Even though customers’ opinions vary, American Express Blue Cash Everyday has still a pretty high rating of 4.3 stars out of 5.

American Express Gold Card

One of the most popular credit cards from American Express is its Gold Card. The card has a current offer of earning 50,000 bonus points if you spend $2,000 within the first three months as you get approved for the Gold Card. Additional rewards include making 4X points at dining locations.

At any of U.S. supermarkets, after you spend $25,000 on purchases within the first year, you will earn 4X points as well. 3X points can be obtained on purchases for traveling at amextravel.com.

American Express Gold Card
American Express Gold Card

The good thing about this card is that it does not have a foreign transaction fee like most of the American Express cards do. The annual cost of the American Express Gold card is $250, and the annual percentage rate starts from 20.24% and varies based on market prime rate.

What customers especially like about this card is how diverse the methods on bonuses and rewards are. Many say that the categories of Gold card are more comprehensive and include their day-to-day expenses more than other competing cards.

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Others argue, saying that the annual fee of $250 is pretty high for the services and perks provided by American Express Gold card.

Overall, despite the controversial opinions about the Gold Card, many Americans still love it and consider the best method for saving more money.

American Express Cash Magnet Credit Card

Another American Express card offering you great bonuses is its Cash Magnet card. With the help of this card, you will be able to save a lot of money and enjoy great rewards.

First of all, for the first 15 months as you open your account, you will be charged 0% annual percentage rate, right after which the charge will be increased from 14.99% to 25.99%.

The card also provides a great opportunity to save money by not having any annual fees on it.

Additionally, if you spend $1,000 within the first three months as you open an account, you will be able to earn $175 sign-up bonus.

American Express Cash Magnet Credit Card
American Express Cash Magnet Credit Card

The good thing about American Express Cash Magnet card is that it offers unlimited cashback of 1.5%, which is received in the form of reward dollars. What customers find the best feature of this card is its $0 annual fee and that it offers an unlimited 1.5% cashback opportunity.

What others complain about Cash Magnet credit card is the high annual percentage rate charged on them and bonus.

Reviews
Reviews

Cardholders say that the rates are very high compared to the market offers and that they have other credit lines simultaneously, which have more favorable conditions.

Blue Delta SkyMiles® Credit Card

If you travel frequently and use Delta airlines for your transportation, Blue Delta SkyMiles® Credit Card will help you gain more benefits.

Per $1 on Delta purchases and dining you will earn 2 miles worth of bonus points, 1 mile can be obtained on any other eligible purchases.

 American Express Blue Delta SkyMiles

American Express Blue Delta SkyMiles

There is no annual fee for this card, and you will be charged a regular yearly percentage rate starting from 17.74% to 27.74%.

Like many of the other American Express credit cards, for Blue Delta SkyMiles credit card you will also need to have at least a credit score of 670 in order to be qualified.

The pros that customers really enjoy is that there is no annual fee, which helps them to save more. Even though the card is specially designed for travelers, you can also earn points at restaurants.

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Many of the cardholders complain, saying that the annual percentage rate on American Express Blue Delta SkyMiles is very high and the foreign transaction fee of 2.7% is less favorable compared to other competing card issuers.

Some of the customers even calculated their earnings and spendings on Blue Delta SkyMiles and say that the bonuses earned are still less than the charges they spend while using the card.

The overall rating of American Express Blue Delta SkyMiles is 4.2 out of 5 stars. All in all, if you travel a lot and would like to earn rewards and bonuses per dollar spent on Delta airlines, American Express Blue Delta Skymiles is a good choice to consider.

Blue Business Cash Card from American Express

The Blue Business Card from American Express is a very user-friendly and advantageous card for many of the business owners.

The card offers a 0% annual percentage rate for the first 12 months as you open your account, after which you will be charged a regular rate starting from 15.24% to 21.24%.

Blue Business Cash Card from American Express
Blue Business Cash Card from American Express

There is no annual fee for Blue Business Cash card, and you will be able to earn a cash back of 2% during the first year of your account opening, right after which the percentage of cash back will be reduced to 1%. To get approved for Blue Business Cash card, you will need to have a minimum credit score of 670.

What customers love about this card is that the bonus rate is flat for every purchase you make throughout the year. Unlike many cards that offer separate cashback rates for different categories, American Express Blue Business Cash card has a flat rate of 2% cashback during the first year and 1% afterward.

Another favorable condition according to the cardholders is that during the first year as they open an account for Blue Business Cash card they are charged 0% annual percentage rate which helps them save hundreds of dollars for their regular business expenses.

As for the disadvantages of the card, consumers mention that there is no opportunity for a sign-up bonus, unlike many other market offers. Cashback credit cards usually have an advantageous sign-up bonus option, which, unfortunately, American Express Blue Business cash card does not offer.

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Additionally, 2.7% of a foreign transaction fee is rather high compared to other card offers in the financial market. As many of the businesses have international transactions, the Blue Business Cash card will not be the best option for them.

However, if your primary operations are inside the borders of the United States and you want to improve the financial well-being of your business, the American Express Blue Business Cash card is undoubtedly the right option for you.

The Platinum Card®

The Platinum card is one of the best offers in travel rewards and bonuses.

The card is designed especially for luxury travelers, and that is why it has an annual fee of $550.

Let’s see what bonuses the card offers.

First of all, it does not have any foreign transaction fees. It also provides perks on luxury hotels and airline credits.

The Platinum Card has a current offer of earning 60,000 bonus points if you spend $5,000 within the first three months as you open an account.

The Platinum Card
The Platinum Card

Note that the redemption of bonuses can be used for travel through American Express Travel. You will be able to redeem your rewards for purchases from online retailers, electronics, merchandise, statements of credit, and many more.

Customers have several complains about the Platinum Card saying that the annual fee is very high compared to other card issuers and that the perks offered indeed underweight the amount being charged annually.

All in all, the card has an overall rating of 3.9 out of 5 stars.

Wells Fargo Propel American Express Card

The Wells Fargo Propel is one of the credit cards offered by American Express, which has the most favorable and money-saving features for its users.

Within the first three months, as you open your account and spend $3,000, you will be able to earn bonus points of 30,000, which has $300 cash redemption value.

Additionally, for the first twelve months of your account opening, you will have an annual percentage rate of 0%, after which you will be charged a regular rate starting from 15.99% to 27.99%.

There is no yearly fee for Wells Fargo Propel American Express Card, and you will also be able to earn 3X rewards at restaurants, gas stations, rideshares, transit and travel expenses including flight, hotels, homestays and even car rentals.

On any other purchases, you will be able to earn 1X points.

Wells Fargo Propel American Express Card
Wells Fargo Propel American Express Card

According to a significant part of the customers, the best thing about this card is that the bonuses can be earned on various categories and not just on traveling or dining.

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The good thing is that it does not have an annual fee, helping them to save more.

However, many disagree, saying that the first twelve months of 0% annual percentage rate is rather short compared to the other card issuers who may offer from 15 months and more.

Overall, the majority of customers have a pleasant experience with Wells Fargo Propel American Express card and were able to save a lot of money through their reward and bonus systems.

Wrapping Up

American Express has been one of the leaders in the U.S. financial market for years. Today, with its vast network of customers, American Express has been able to gain control over market and account for a quarter of the whole U.S. cardholders in 2019.

With the help of American Express, you will be able to save a couple of hundreds of dollars yearly, enjoy their bonuses and rewards, and even operate your business through it. The bank offers high-class service and favorable conditions for their customers.

The annual percentage rates, according to many of the customers are rather high compared to the other market offers. On the other hand, consider that American Express also has a very high bonus and reward points.

The best thing is that the majority of bonuses and rewards are not grouped into 1 or 2 categories only.

This means you won’t be able to earn bonuses solely on purchases in dining places or travel expenses. In many cases, the purchase categories go beyond that.

It is critical to be aware of what purpose the card will be used for. Is it for personal usage or for corporate one? Start thinking about and planning your finances right now with American Express.

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Andrei Shilkov

Blog author. I am well versed in Finance and Digital Marketing. I have two bachelors degrees in Finance. Born in Russia, but later moved to the USA, to western Pennsylvania, the city of Pittsburgh. I have a Certified Public Finance Officer (CPFO) certificate. I also worked at IRS and Microsoft.

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