What Is an AMEX Credit Card?

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AMEX stands for American Express. An American Express credit card is simply a brand name for a credit card, just as MasterCard and Visa are other brand names of credit cards. This type of card is not as readily accepted as MasterCard and Visa due to its higher charge to proprietors for the processing of the credit card transaction.

Applying for an AMEX Credit Card

In order to apply for an AMEX credit card, go to the American Express homepage on the Internet and click "Get the Card." Select your preferred card type — personal, small business, corporate or gift card — and proceed to the credit application. If you prefer to apply over the phone, call 1-800-223-2670 to speak to a customer service representative.

Types of American Express Credit Cards

There are four main types of American Express credit Cards: personal, Small Business, Corporate and Gift Card. The personal card is simply one used by a customer and has no connection to his or her employment. If you own a small business, the small business card may be the right option for you. If your employer is to be paying your credit card bill, the corporate card is your option. Lastly, you can purchase an American Express gift card with a set amount on it to give to someone as a gift.

Tips on How to Manage Your AMEX Credit Card

Avoid going into debt that you are unable to repay each month by only charging items that you would have paid cash for anyway. For example, if you go to the grocery store once a week and average $150 per trip, charge that amount to the card. Pay the balance off in full each month in order to avoid interest charges. Set up automatic drafts from your checking account to pay the balance off in full each month.

Use Your AMEX Card to Build Your Credit Score

Your AMEX credit card can help you to build up a positive credit score and report. The longer you use the card, the better its effect on your score. Additionally, if you have a low credit utilization, it will positively impact your score as well. For example, as long as you keep your monthly spending or balance lower than 30 percent of your limit, your low credit utilization will help to increase your credit score over time.


About the Author

Lynn Lauren has been a professional writer since 1999, focusing on the areas of weddings, professional profiles and the banking industry. She has been published in several local magazines including "Elegant Island Weddings." Lauren has a Master of Business Administration and a Bachelor of Business Administration, both with marketing concentrations from Georgia Southern University and Mercer University, respectively.

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