American Express: good products, great service

by Rocket Finance

If you are contemplating a leap into the world of credit cards, I recommend American Express. My experiences with their customer service representatives have been nothing but positive. They train their people well. Furthermore, my highest credit limits (although I always pay off my balance) have come from American Express. I currently own the Amex Business Gold Card, Blue Cash from American Express, and Blue from American Express. Here are my thoughts about and experiences with each card:

American Express Business Gold Card

Business Gold Rewards Card

I use this card for all of my business purchases. They have a great points program and it is a cinch to earn great rewards just through purchasing the things that you normally buy. There is a $125 annual fee, but it is waived for the first year and if you make $10,000 in purchases annually, you will just about break even. Many businesses (and individuals) spend a whole lot more than that in the course of a year. You do not have to have a LLC or S-corp or even have a business in order to get this card. Just use your social security number for the tax ID number and label your business a sole proprietorship. I pay for my web hosting fees, domain names, business travel and other non-family expenses with this card – although there is no limit to what you can use it for. The Amex Business Gold will help you earn gift certificates, free flights and comes with major discounts on hotels, car rentals and other places that entrepreneurs spend money.

The Amex Business Gold is offering to waive the annual fee for the first year, 5,000 points after your first purchase ($50). If your business (or individual) spending reaches $20,000 in one year, you will get another 5,000 bonus points, if you spend $50,00, you will get 20,000 ($200) bonus points and if you renew for the second year, 10,000 ($100) points will be credited to your account. Plus all the points that accrue from your regular spending.

If you think the Amex Business Gold Card is right for you, apply here.

American Express Preferred Rewards Gold Card

American Express® Preferred Rewards Gold Card

I do not own the Amex Preferred Rewards Gold Card, but it is very similar to the Business Gold Card, only it is considered a personal card instead of a business card. It comes with a 10,000 ($100) sign-up bonus.

Apply here.

Blue from American Express

Blue from American Express®

This card was one of my main cards during my recent credit card arbitrage spree. I have since paid off the balance, but I still own the card. It came with my highest credit line ever and is a great card for someone who needs to reduce their interest rates. They are now offering up to 15 months of 0% interest on purchases and a low rate of 4.99% on balance transfers. Blue comes with no annual fee!

If this is the card for you, apply here.

Blue Cash from American Express

Blue Cash® from American Express®

I have not started using this card consistently yet. I am still evaluating whether or not I would earn more cash back than I am earning with my Chase Freedom Card. However, if you spend over $10,000 annually with your credit card, this might be the product for you. Blue Cash offers 1% cash back, until you spend $6,700, then the cash back jumps up to 5% cash back! Our annual credit card spending is typically under $10,000, so we have not started using the Blue Cash card very much. However, it might fit your situation. There is no annual fee with Blue Cash.

Apply here.

If you can live your life without credit cards, more power to you. Awesome, keep it up, congratulations!

However, I believe that a wise and disciplined use of plastic can actually help your bottom line.

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