Among the myriad accounts and credit cards that are on the market, the American Express card account is certainly one of the best known and most popular in the entire system. Let’s now go to evaluate its aspects and various facets.
American Express card account what is it?
The American Express card account is a US company that operates in financial services and travel. The head office is in New York, in the United States, but it also has several American Express offices around the world, mainly in Europe, for example:
- American Express London
- American Express Madrid
- American Express Italia is present in Rome and Milan
Now let’s take a dip in the past and let’s discover the beginnings of this historic financial company.
History of American Express
American Express was founded in 1850 in Buffalo by Henry Wells, William Fargo and John Butterfield, initially as a value transport company.
In 1882 the company entered the United States financial markets with its payment orders, competing with the postal orders of the United States Postal Service, and given its great success, in 1891 it was invented by a zealous American employee. Express Travelers Checks, the first prepaid instrument in history.
But it was in 1895 in Paris that the American company opened its first American Express Europe office, followed promptly by the one in London.
The American Express card account creates its first credit card in 1958. The first prototypes were made of purple cardboard, but the following year the company issued plastic cards, which were much more practical and durable.
In 1966 the American Express Gold Card was created, while in 1984 the American Express Platinum Card was introduced.
Subsequently, in 1999 it was the turn of American Express Blu, a card that allows you to pay in installments for purchases made.
American Express Open Account
Now let’s see what it consists of and how to open an American Express account card.
First of all, American Express accounts provide for the reimbursement of expenses incurred, the association with an existing current account, this means that it is possible to change the debit account at discretion, while keeping in the personal area, all the documentation and related handling. to the American Express card.
What are American Express cards?
These are American Express contactless cards, Apple Pay enabled, and with free sms alert services.
How to apply for an American Express card?
The procedure for requesting the American Express credit card can be completed completely online, in fact, the signature of the documents needed to open the American Express card account takes place digitally using temporary passwords sent to the mobile number indicated during the registration phase.
Identification, on the other hand, takes place by sending photos or by scanning your documents. After following all these simple steps, if the request is approved, the American Express card is sent within 10 – 15 days of the request (for which you must have a previously established gross income).
How to reset the American Express card costs?
There is also a stamp duty of € 2 for each American Express monthly statement of at least € 77.47, although in certain periods you can take advantage of dedicated American Express promotions that eliminate these ancillary costs.
Is an American Express card account worth it?
Let’s now analyze what are the American Express advantages that a customer can have if he decides to open an American Express card account.
- Dynamic credit limit, no specific spending limit, but based on real economic information of the beneficiary, the owner’s income and usual spending level
- AmEx insurance coverage included on the purchase of goods and services and to protect the person
American Express loyalty program, is nothing more than a membership rewards that allows you to:
- Accumulate points based on expenses made with AmEx cards
- Receive exclusive and periodic American Express discounts, promotions and offers from merchants
- Redeem American Express travel vouchers
- Chance to win free admission tickets to events and programs
- It is also possible to request other American Express cards
Types of American Express cards
Now we are going to discover the variants of the cards that American Express makes available to its customers.
The company allows you to choose between an American Express balance credit card and optional credit cards with different rewards and benefits.
Balance credit cards (compared to optional credit cards) offer various advantages, such as:
- Card without spending limits
- No interest charges
- Only the balance of the entire amount is expected at the end of the month
In contrast, American Express installment option credit cards provide the choice and flexibility of monthly payments.
The American Express cards in question are divided into 4 variants:
- American Express Blue Card
- Green American Express card
- American Express Gold Card
- American Express Platinum Card
The substantial difference between these types of cards lies in the monthly fee and the minimum income required.
American Express Account Card for every need
American Express account cards were created to meet different budget needs.
Based on your annual income, you can access separate American Express cards with different benefits and American Express card costs and which have an American Express Cashback program that reduces the costs for the installment of payments for the purchase of goods or services. .
In fact, the American financial company not only offers American Express credit cards, but as we have seen previously, also American Express travel cards and insurance.
American Express. A 360-degree company
Talking about American Express is talking about a 360-degree company!
The American Express account card, for example, allows you to access exclusive American Express services, offering tailor-made solutions for its American Express customers, and has entered into partnerships and agreements with major brands such as:
- Amazon and many other leading companies in the industry
As well as hotels, event agencies and concert organizers are ready to offer the most attractive conditions for American Express customers.
Another of the peculiarities of American Express account cards is undoubtedly that of not having a fixed ceiling.
But be careful, this does not mean that you can have unlimited spending power, but it is possible to negotiate the American Express card limit from time to time to cover any spending that exceeds the average monthly level. To do this, you must submit a request to the company in due time and justify the reasons, subsequently agreeing on the return of the capital.
Usually, the balance of the advances takes place about a week after the notification of the American Express monthly statement has been received.
Is an American Express card account worth it?
Undoubtedly, the American Express card account is the most famous and well-known in the world, as well as offering one of the most popular cards due to the American Express advantages that it makes available to its customers who in turn want to know how to manage savings well.
Another aspect that should not be underestimated when talking about this company is the prestige that its name collects globally.
So, if you are wondering if you should open an American Express card account, the answer is quite eloquent.
If we look at our country, for example, the American Express company arrives there with the first American Express credit cards in 1971, more than fifty years ago.
Later, in the 1990s, the Club Membership Rewards loyalty program was created and the Platinum American Express and Alitalia American Express cards were launched with targeted and quality partnerships.
At the end of 2003, American Express exceeded one million credit card holders in Italy and in 2004 launched the most prestigious, the American Express Centurion card.
So dear friends of Financial Empires, now you have a complete picture of the American Express card account world, now it’s up to you to decide which type of account to open.
The editorial staff, Financial Empires
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