If you are looking for a flexible rewards program with a variety of options when it comes to redemption, the American Express rewards program is worth a look.
American Express is one of the most well known credit card/charge card companies, and the American Express rewards program is in effect with the majority of these credit card options.
Earning Points with American Express Rewards
The first thing you need to do is figure out which card will best suit your purposes, whether you are an individual, or applying for a business card. American Express offers a convenient “Choose Your Card” that helps pinpoint the credit card that is likely to best fit your needs.
Each credit card or charge card comes with its own method of earning rewards, and some cards emphasize different purchase over others.
Each purchase provides you with points that can be used toward merchandise, travel and other rewards – including cash back.
Redeeming Your Points
American Express provides an easy framework for redeeming your rewards. Simply go to the website and view your options. Rewards are arranged by level and category. If you order merchandise, it is generally shipped quickly. Cash back and travel rewards are also easy to redeem.
Interest Rates and Annual Fees
If you use an American Express charge card, there is no interest charged. This is because you are expected to pay the balance of the card each month.
American Express does offer some credit cards, though, and the interest rate depends on your credit score, but AmEx is generally a little higher than other credit card interest rates. Some of the credit cards come with 0% introductory offers, and cash back bonuses.
Related: TrueBlue Card From American Express
American Express rewards cards are known for their annual fees. While a small number of the American Express rewards cards come without annual fees, most AmEx cards have annual fees ranging from $65 to up to $450 a year, although the fee is often waived during the first year that you have an American Express card.
The better the rewards program, the higher the annual fee is likely to be.
The American Express rewards program is flexible and easy to use. It’s easy to earn rewards, and you can quickly amass points as you spend using the card.
The downside is that American Express is not accepted as widely as Visa or MasterCard, so you might not be able to use your card everywhere. Additionally, you need to make sure that you earn enough rewards to offset the cost of the annual fee.