The American Express Company, otherwise known as AmEX, is a massive American multinational commercial banking firm located at 200 Fifth Avenue in New York City. The company was originally established in 1850 by William J. Bennett and is among the thirty-two components of the Dow Jones Industrial Index.
The American Express Company has a unique card called the AmEx Platinum Card. This card has many benefits that can not be found with the regular cards issued by other companies. It is best to look at the different perks offered by this card when choosing a card.
The card has a specific spending limit, and it can only be used for purchases with a valid AmEx card. Also, the cardholder is charged no interest for purchases. The card holder will pay only for what he/she has purchased. This helps people save on money.
The cardholder is also entitled to have a credit limit above the minimum amount that is stipulated in the card. The credit limit of $500 is enough to cover most expenses. The credit limit is the same for all cardholders and the cardholder is not allowed to have more than two credit cards with him/her. The cardholder can apply for a credit limit up to the maximum limit that is allowed. Thus, when the cardholder purchases items from an establishment using the card, it is possible for the card to be reported to the credit bureaus.
Furthermore, this card can be reloaded by transferring money into the account. The cardholder must pay the balance within a certain period. The cardholder can also make cash withdrawals from the account. Thus, the card holder is allowed to carry cash and avoid carrying bulky bags to go shopping.
There are also offers for cardholders for a discount card. The cardholder can get cash back off his/her purchase if the cardholder applies for a discount card from the company. There are also special offers for the cardholders who use the card to pay the hotel fee or airline fees.
If the cardholder is traveling and needs to pay for the tickets in advance, he/she can apply for the prepaid card. The cardholder can make payments to the company to get the cards mailed to him/her.
Furthermore, the cardholder is allowed to pay the fees using this card online. This helps those people who have no credit history to get their cards without having to give any credit score. Also, the cardholder can also choose a gift card which may be used for shopping at a variety of stores and other stores.
The cardholders are also allowed to make one international payment every year for free, as long as they have a credit card in good standing. The card is issued by the AmEx Company and is valid for a specified amount of time.