Category Archives: credit card online

All You Need to Know about Amex Card

American Express card also called an Amex card is an electronic payment card that is issued by the financial institution, The American Express Company. Amex card caters to affluent individuals as The American Express Company is known to be the high-end card issuer who generally has an elite and high spending customer base. However, Amex card is available to all including individuals, small businesses and corporate consumers all around the world.

With an Amex card you get to enjoy various benefits which are more and different from the one offered by Visa and MasterCard. As these cater to the elite clientele, the benefits are often a sign of statement of luxury with high spending limits and lifestyle benefits.

No annual fee

With an Amex card you can enjoy various benefits and avail luxuries facilities without incurring any fee. American Express Company offers certain credit cards through which you can enjoy travel, lifestyle and shopping experience without any annual fee.

Perks and privileges

With an Amex card, you get various different perks and benefits. The chief being a higher card limit. You get flyer and miler points that can be redeemed while booking your flight tickets. Moreover, you also get airport lounge access, voucher and coupons. You can also add your earnings through purchases in supermarkets and restaurants.

With Amex card, you can also enjoy additional benefits and credits like hotel, restaurant and airline credits every year along with your earning on purchases.

Return protection

An Amex card provides you return protection when you want to return any product that has been declined by the merchant. Under its return protection feature, you will get a refund of the amount spent on your purchases through the Amex card. All you have to do is send the concerned good to the company within the stipulated time period. With an Amex card, you also get to enjoy purchase protection and save money.

Travel benefits

With an Amex card, you can travel stress-free anywhere as it offers various benefits of a travel card.

  • Roadside assistance – As an Amex cardholder you will be provided roadside assistance in case you are stuck due to a car breakdown or accident. This 24-hour hotline can send you a tow operator or locksmith to help you out in an emergency situation
  • Travel accident insurance – Amex card offers you travel insurance to protect you financially against any travel accident.
  • Global assistance -While you are travelling abroad, with Amex card you can get assistance globally in terms of emergency medical transportation assistance.
  • Baggage loss insurance – With Amex card you can be assured that your baggage is insured against any loss without the need to avail any separate insurance policy.
  • Car rental loss and damage- Amex card also covers you in case there is damage or loss when you take a car on rent for your travel plans.

Extended warranty

With Amex card you can enjoy an extended warranty on certain purchases made by you. It extends the original warranty provided by the manufacturer to a certain extent.

Avoid These Common Mistakes While Applying for a Credit Card

Applying for a credit card has never been easier thanks to online applications. All you need to do is complete the online application form and submit it online. Surely, applying for a credit card does not require a lot of effort nowadays, yet there still a possibility for mistakes. If you are not careful, some mistakes can cost you dearly. If you want to make the most of your credit cards, steer clear from the following mistakes while applying for a credit card.

Applying for Too Many Credit Cards Too Soon

While it might be tempting to apply for multiple credit cards to enjoy more benefits, credit card issuers don’t look favorably on multiple credit card applications especially if it’s done within a span of few days. If you apply for several credit cards every few days, your chances of getting approved go down with each subsequent application. Hence spacing out your credit card applications will not help your odds of your application approval but will prevent you from taking on a large risk of credit card debt.

Not Reading the Credit Card Terms Carefully

Visit the credit card website and find out the interest rate and fees instead of just relying on the name of the credit card or the initial advertisement. As a norm, credit card issuers are required to display the cost information on every credit card offer.

Applying for the First Credit Card You See

Although a certain credit card commercial or a pre-approved credit offer in the mail may seem like a great deal, it’s important to do a thorough comparison before applying for a certain credit card. There are numerous credit cards available in the market today. Hence, never settle for a credit card without looking at other available options.

Choosing a Credit Card Based on the Initial Benefits

Some credit cards lure customers with initial benefits such as signup rewards bonuses, no annual fee in the first year, introductory interest rate or double rewards. While the initial period with the credit card may be rewarding, it’s important to consider what the card will cost and benefit you in the second year and beyond.

Assuming Your Application is Going to Be Approved

A high income or a great credit score is not a guarantee for the approval of your credit card application. Factors like a high level of debt or too many recent applications could lead to your credit card application being rejected.

Applying For a Credit Card with Terrible Terms

Everybody wants to apply for a credit card with the lowest interest rate, amazing rewards and no annual fees. If you have a good credit score, you may not have a problem securing a good credit card. However, even if you have a bad credit score, that doesn’t mean you have to accept a credit card with an extremely high-interest rate or high annual fee.

Not Shopping Around

When it comes to credit cards, the market is teeming with choices. Hence, its only prudent to look at a few options before making the final decision. An online search is the easiest way to find and compare credit cards from various credit card issuers based on important factors such as rewards or interest rates.