American Express credit card

[dreamy]

Do you have American Express credit card? Is it much different than Visa and MasterCard? Is it easy to get AMEX?

[bullish]

I have a Costco Platinum America Express card, which offers cash-backs. I'm very happy with the card, although it is not accepted everywhere, which is kind of annoying. I didn't have any problems when applying for the card, and I was actually approved for more credit than I asked for, within a week of submitting my application.

I highly recommend AMEX credit cards.

[Steven]

Originally Posted by bullish

I have a Costco Platinum America Express card, which offers cash-backs. I'm very happy with the card, although it is not accepted everywhere, which is kind of annoying. I didn't have any problems when applying for the card, and I was actually approved for more credit than I asked for, within a week of submitting my application.

I highly recommend AMEX credit cards.

Does the Costco AMEX have a yearly fee? If it does, how much is it? Does the card offer cash-backs for things bought only at Costco, or for everything you buy?

[ghak7]

Is this Costco AMEX credit card good for 22 year old?

[trent]

Originally Posted by ghak7

Is this Costco AMEX credit card good for 22 year old?

I just answered a similar question you asked in this thread:

http://forums.canadabanks.net/showthread.php?p=219

Keep in mind that Costco will charge you $50 per year membership fee. This is not a direct credit card fee, but you still have to pay it if you want the Costco AMEX (you need to be a Costco member in order to get the card).

[Lumber Joe]

Nothing special really. Almost the same as Visa and MasterCard

[chinoy99]

Hi all,
I believe Amex Bank have two plastic card products:

1) Amex Charge Charge (you are assigned an initial spending limit and this limit goes on
increasing with the passage of time upon good credit history
etc/ BUT it has no revolving credit and the balance has to be
paid in full each month)


2) Amex Credit Card (just like Visa & Master / it has revolving credit etc)

(This is to the best of my knowledge, correct me if i have made a mistake)

[trent]

Originally Posted by chinoy99

Hi all,
I believe Amex Bank have two plastic card products:

1) Amex Charge Charge (you are assigned an initial spending limit and this limit goes on
increasing with the passage of time upon good credit history
etc/ BUT it has no revolving credit and the balance has to be
paid in full each month)


2) Amex Credit Card (just like Visa & Master / it has revolving credit etc)

(This is to the best of my knowledge, correct me if i have made a mistake)

Yes, you are correct. Here is a short description of what a AMEX charge card is:

http://www.americanexpress.com/irela...rge_card.shtml

[chinoy99]

Yes "Trent", this is a perfect weblink which shows the comparison of amex credit card and charge card. Good job.