Amex statement credit can be very useful for the most part, it allows you to keep track of all your expenses and purchases. You are able to see what is available to you on a monthly basis and it is an excellent way of getting things under control. The ability to see how much you are spending can help you save money as well, so that you don't end up paying for items that you do not need.
The first thing that you should do when you apply for Amex statement credit is to read over everything carefully. There are many fees that you may not be aware of and you may find that you have many more charges than you initially thought. This may seem like a huge amount, but there is always the chance that this information will be used against you later on. Always make sure that you are fully aware of everything before you sign anything.
Some of these fees may be very minor, but the charges may seem excessive at times. You may find that you are charged for things such as tolls or even extra miles. You may even find that there is a credit limit that is in place. You want to make sure that you do not exceed this limit, because you don't want to get hit with higher charges. If you exceed the limit for too long, you could end up being charged double the amount that was stated for the initial limit.
You may find that you are allowed to use an ATM or make a purchase online. You want to look at the card carefully and decide whether or not this is something that you would like to do. You want to make sure that you are going to use the card for purchases that you really need and that you won't be paying for purchases that you don't. You want to be aware of any type of credit limit that is in place and that you aren't overspending on any type of purchases.
Remember that you can cancel your Amex credit card any time that you want to. There are times when you may have overdraws on your account and this is why you will have to cancel the card. If you are having a hard time with your finances, you may find that you need to contact the company so that you can work out a payment plan with them.
You want to make sure that you only use your card when you actually have to use it, and you also want to make sure that you are making all of your payments on time. With some of these tools you may be able to cut back on unnecessary purchases and have a much clearer picture of where your money is going.