Overall Rating
Interest Rate
Customer Service
Rewards

American Express

American Express is one of the premier credit card companies. When you have a credit issued by American Express it tends to be seen as a status symbol. The reason is that AMEX does have a couple of credit cards that have a unlimited credit line for spending. Those particular credit cards tend to be a little bit harder to get approved on based on the nature of the card. You need to have a considerable amount of income and a excellent credit history to get approved.

AMEX does have similar credit cards that follow normal guidelines for everyday people. They do have a variety of credit cards that are easy to get approved on and still offer great rewards. Most reward programs through American Express tend to be a little bit better than other banks. The reason is because most of their credit cards do have a annual fee. They give you better rewards because of the fee hoping that you use the card more often.

Interest rates are about the same as other credit card companies. On their special credit cards the interest rates are a little bit higher just because there is so much flexibility with them. Many large businesses have these types of cards as they can charge large amounts onto it with out having to worry about exceeding their credit limit.

The types of rewards you can expect with American Express are the same with every other company. You can apply for airline rewards, cash back, points, and hotel rewards. Most of them offer a 0% introductory interest rate on balance transfers and purchases. You cannot earn rewards on balance transfers only on new purchases. Depending on if you get a elite level credit card or normal one you can expect up to a $125 a year fee or none at all.

When you are thinking about what company to get a credit card with you really cannot go wrong with American Express. They are always a leader in the credit card industry as their customer service and rewards programs are always at the top. High income earners tend to go with one of their credit cards because of the flexibility involved with their array of cards. In certain cases you can switch what type of reward program you want to be on so it best suits your needs. American Express is a leader amongst all of the major credit card companies.