American Express Card

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Definition of 'American Express Card'

The American Express Card is a credit card issued by American Express. It was first issued in 1958 and is one of the most popular credit cards in the world. The card is known for its high acceptance rate and its generous rewards program.

The American Express Card is a charge card, which means that the balance must be paid in full each month. This can be a disadvantage for some people, as it can be difficult to keep track of your spending and make sure that you have enough money to pay the bill each month. However, the American Express Card does offer a number of benefits that make it a popular choice for many people.

One of the biggest benefits of the American Express Card is its rewards program. The card offers a variety of rewards, including cash back, points, and travel miles. You can use your rewards to redeem for a variety of items, including gift cards, travel, and merchandise.

The American Express Card also offers a number of other benefits, including extended warranty protection, purchase protection, and travel insurance. These benefits can help you save money and protect yourself in the event of a problem with your purchase.

If you are looking for a credit card with a high acceptance rate, generous rewards, and a variety of benefits, the American Express Card may be a good option for you. However, you should be aware that the card has a high annual fee and that you must pay the balance in full each month.

Here are some additional details about the American Express Card:

* The card has a variable APR of 16.49% to 26.49%.
* The annual fee is $250.
* The card offers a welcome bonus of 60,000 points after spending $4,000 on purchases within the first 3 months from account opening.
* The card offers a variety of rewards, including cash back, points, and travel miles.
* The card offers a number of other benefits, including extended warranty protection, purchase protection, and travel insurance.

If you are interested in applying for the American Express Card, you can do so online or by calling customer service. You will need to provide your name, address, Social Security number, and income information. You will also need to provide a credit score of at least 700.

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