Drawbacks: The card does come with an annual fee after the first year, which is a turn-off for some cardholders. The cap on rewards earned at U.
With U. Drawbacks: The rewards rates are lower than other cards but it also lacks an annual fee. Membership Rewards points are worth about 0.
Drawbacks: The relatively high annual fee may scare some potential cardholders away, but if your spending aligns with the bonus categories, then you can more than earn back the value of that fee. Why we like it: The travel rewards on this card are all-encompassing, covering a diverse array of transportation, including subway fare and cruises, as well as the more traditional airfare and hotel expenses.
Regardless of how you like to travel, this card will reward you for doing so. Plus, when you're eating at restaurants, whether locally or on the road, you pick up bonus points.
Drawbacks: The card does come with an annual fee. And if you prefer to pay a higher annual fee for luxury perks, then read on. Welcome offer:. For a limited time: 10 Membership Rewards points per dollar spent on eligible purchases at restaurants worldwide and U.
You earn big rewards and also enjoy luxury perks such as statement credits, airport lounge access and hotel upgrades. Do you have good credit? Do you prefer cash back or points you can apply toward travel? Are you willing to pay an annual fee? Hilton Honors American Express Card.
Amazon Business American Express Card. Several banks offer credit cards that operate on the American Express payment network, but these cards are not issued by American Express itself. You can use them anywhere that accepts AmEx, but their rewards, perks, fees and rates are dictated by the card issuer, not American Express.
Those cards are not included on this page. Examples include the U. NerdWallet's credit cards team selects the best cards in each category based on overall consumer value.
Factors in our evaluation include fees, promotional and ongoing APRs, and sign-up bonuses; for rewards cards, we consider earning and redemption rates, redemption options and redemption difficulty. A single card is eligible to be chosen in multiple categories.
Which American Express card is right for you depends largely on your credit scores. If you clear that hurdle, then the right American Express card for you will hinge on your goals, spending habits and lifestyle. Are you interested in cash back, or are you looking for travel rewards? Do you spend more on groceries, or is dining out a bigger line item in your budget? Are annual fees a nonstarter for you, or are you willing to pay one in exchange for more value?
Are you a small-business owner? AmEx has options to fit many different kinds of profiles and budgets. There are several American Express cards with no annual fee , including cash-back cards, travel rewards cards, co-branded cards offered in partnership with a brand or merchant , and small-business cards. Depending on the American Express card in question, it may earn rewards in the form of:.
Cash back generally as a statement credit. American Express Membership Rewards flexible points that can be redeemed for a variety of different things, including travel. Airline miles if the card is offered in partnership with an airline.
Hotel points if the card is offered in partnership with a hotel chain. American Express cards — especially travel rewards cards — may also come with a variety of benefits, credits and perks , depending on the card.
Show summary. Our pick for Family spending: Groceries, gas, transit, streaming. Add to compare. Apply now. Annual fee. Recommended Credit Score. See your approval odds. Why We Like It. Product Details. Our pick for Luxury travel perks.
Our pick for Travel rewards on everyday spending. Rose Gold is back. You can now choose between Gold or Rose Gold. No Foreign Transaction Fees. Our pick for No-annual-fee grocery and gas rewards. No annual fee. Our pick for Luxury perks for business travelers. Pros This card is a match for business owners who spend big and prefer to travel in comfort. Our pick for Simple rewards for small business. Our pick for Simple cash rewards for small business.
Our pick for Customized rewards for business. Pros You earn 4 Membership Rewards points per dollar in the two categories where you spend the most each month. Our pick for Flexible financing for businesses. Pros Pay your bill within 10 days of your statement closing date, and you get an automatic 1. Develop and improve products. List of Partners vendors.
The company issues and processes prepaid , charge , and credit cards. American Express cards are available to individuals, small businesses, and corporate consumers across the United States and around the world.
American Express is one of only a few financial service companies in the industry that has the capability to both issue and process electronic payment cards. American Express is a publicly traded company in the financial services industry.
It offers both credit lending and network processing services, giving it a broad range of competitors in the industry. As with traditional lenders, it has the capability to issue credit products, which it provides in the form of charge cards and credit cards. Its most comparable competitor is Discover Financial Services DFS , which is also a publicly traded financial service company offering both credit lending and a processing service network.
With multiproduct capabilities, American Express generates revenue from both interest-earning products and network processing transaction services. American Express generates a significant portion of its revenue from transaction processing. Many merchants accept American Express cards and are willing to pay the transaction fees associated with processing because of the advantages that come with offering American Express as a payment option to customers.
Merchant acquiring banks must work with the American Express processing network to transmit communications in American Express transactions. American Express is also the issuer that authenticates and approves the transaction.
Merchants pay a small fee to American Express for its processing network services, which are part of the comprehensive fees involved with a single transaction. As both a processor and high-quality lender, American Express has built a strong reputation in the financial services industry.
As noted above, American Express credit cards and prepaid debit cards are offered to a variety of both retail and commercial customers. It is also an industry-leading provider of charge cards, which offer month-to-month credit with card balances that must be paid off each month. American Express charge and credit cards follow standard underwriting procedures.
The company seeks good- to high-credit quality borrowers—which means a credit score of at least —and generally is not a subprime lender. American Express credit and charge cards come with a variety of benefits in the form of rewards points and travel perks, which depend, in part, on the annual fee charged. American Express also offers numerous branded prepaid debit cards, which can be used as gift cards or special-purpose reloadable payment cards.
That said, the Green, Gold, and Platinum cards have no predetermined spending limits. American Express does offer at least six cards with no annual fee. Customer service for all Amex cards is highly rated, with the company coming in No.
Credit Card Satisfaction Study. American Express issues many of its cards directly to consumers, but it also has partnerships with other financial institutions. In the U.
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