american express?

Question

what is the best card to have from american express?

Answer 1

This depends on whether you are looking for a "credit" or a "charge" card.

With the American Express charge cards, you need to pay your balance in full each month and there is an annual fee of around $100 for this type of card. The biggest benefit with these type of cards is the travel insurance and other benefits. If you don't travel frequently, you are not likely to use the benefits enough to make the annual fee worthwhile.

With their line of credit cards, there are various rewards cards such as for hotels and airlines, but many of those have an annual fee, and also a higher interest rate on balances. Those are a worse deal for most people, but might be good if you are already a frequent customer of the partner company.

The "city rewards" credit cards might be ok if you are in one of the three metropolitan areas (NYC, Chicago, LA) but with those it also seems to be more marketing hype than a useful rewards program since only a select merchants and services give any benefit when using the card.

The best terms for a credit card, in my opinion, is the "Clear" card. It does not have fees for most things, including cash advances or being over-the-limit. The caveat is, it seems to have a slightly higher interest rate than the "Blue" card. The choice would depend on if you expect to carry a balance from month to month (if so, get the one with the lowest interest rate.)

Personally, I have a Costco membership and the best overall for me is the Costco TrueEarnings card. It is a decent deal if you happen to already be a member of Costco. But I am considering the Clear card in the future, it seems to have the best terms at least for my lifestyle.

Answer 2

Speaking as a nationally known credit score and lending expert (book, radio shows, newspaper columns, etc.)...

After Chase bought Bank One, I did not like having my only two cards at the same bank. So I contacted AMEX last June and negotiated for myself a $25,000 line of credit with 15 months of 0% interest on purchases. I believe this promo is on their web site right now. No annual fee.

It is the Blue Card.

I like AMEX as their service is very polite and respectful. More so than any other card I have ever had. They did make an $80 error though, and corrected it months later when I caught it and pointed it out. I'd paid way too early for their computers and they thought I was 30 days late on that payment.

They tried to charge interest and penalty. They got rid of the penalty but not the interest the first time I called. They reinstated my 15 months' 0% interest, but goofed on reimbursing everything. The rep apologized profusely on that second call months later.

Answer 3

The AMEX Blue card is probably the best (and most popular) AMEX credit card. But if you're looking for a 'charge card', the AMEX Green Rewards card is a great option. You can find these offers, and other American Express cards here:

http://www.asapcreditcard.com/american-express.html

Hope this helps. GOOD LUCK!

Answer 4

I'm not sure since I only have a corporate card from them. Their link is posted below though.

Answer 5

Blue. No annual fee, you can pay over time, and you earn points for your purchases.