Benefits of American Express
Credit cards are actually a great boom for some and a disaster for other people. On the other hand, credit cards are a very effective way of keeping track of all your expenses. The American Express card is one of the best ways to enter the growing world of these credit cards. There are various benefits that come with this particular credit card and some of them are listed below.
1. Great rates offered
The most important benefit that you are going to derive from the American Express credit card is basically great rates. These are the interest rates that each credit lending company charges on their credit cards. For instance, if you acquire a credit card which charges a high interest rate, then it is highly likely that you are also going to require making much higher payments every month whenever the payments are due. In addition to that, if you get a debt for the credit card, the amount paid will be considerably higher.
With the American Express credit card, you are going to receive very competitive interest rates that are specifically designed to suit your specific budget requirements.
2. Caters for small business
For those with small businesses and are clueless in terms of getting the most suitable credit card that meets their business needs, then you ought to take into consideration the American Express credit card. There are various shopping benefits, travel concessions and lucrative cash back benefits offered by this particular credit card. You will find that most American Express cards do not have any annual fees with very good introductory offers of zero percent APR.
3. No spending limit
If you are a frequent flyer, then you should consider getting an American Express card since it does not have a spending limit. At the same time, there are other special privileges and travelling benefits offered to make certain that your journey goes on smoothly.
The only disadvantage with using the American Express card is that you are exposed to fraud. It also enables impulse purchases which might seriously harm your saving goals.