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American Express Card 22

An American Express card is a payment card issued by American Express, a publicly traded financial services company. American Express issues prepaid, charge, and credit cards to individuals, small businesses, and corporations. It generates revenue from both interest on loans and fees charged to merchants for processing transactions made with American Express cards. American Express cards offer various rewards and perks depending on the annual fee of the card. While annual fees for American Express cards tend to be high, some cards have no annual fee or spending limits.

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668 views3 pages

American Express Card 22

An American Express card is a payment card issued by American Express, a publicly traded financial services company. American Express issues prepaid, charge, and credit cards to individuals, small businesses, and corporations. It generates revenue from both interest on loans and fees charged to merchants for processing transactions made with American Express cards. American Express cards offer various rewards and perks depending on the annual fee of the card. While annual fees for American Express cards tend to be high, some cards have no annual fee or spending limits.

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American Express Card 1:06:44

By JULIA KAGAN
What Is an American Express Card?

An American Express card, also known as an “Amex” card, is an electronic payment card
branded by the publicly traded financial services company American Express (AXP). 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. 1 2

Understanding American Express Cards


American Express cards are issued by American Express and processed on the American
Express network. 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.

American Express has its own processing network that competes with Mastercard (MA)
and Visa (V). 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.3  With multiproduct capabilities, American Express generates
revenue from both interest-earning products and network processing transaction services. 

The term “Black Card” refers to the American Express Centurion card, which is offered by
invitation only.
American Express Fees
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.

In an American Express transaction, the merchant’s acquiring bank communicates with


American Express as both the processor and the issuing bank in the transaction process.
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.

Types of American Express Cards


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.

Como se mencionó previamente, las tarjetas de crédito de American Express y las


tarjetas de débito prepaga se ofrecen a una variedad de clientes tanto minoristas como
mayoristas. También se erige como un proveedor líder de industria de tarjeta de cargo,
las cuales ofrecen créditos mes a mes cuyos saldos de tarjeta deben pagarse
mensualmente.

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 670.

Las tarjetas de cargo y de crédito de American Express siguen procedimientos


estándares de garantía de pago. La compañía busca prestatarios buenos con alto
puntaje, lo que quiere decir que el puntaje de crédito es de al menos 670.

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.8  American Express cards may offer cash back on certain purchases, though they
aren’t among the best cash back cards currently available .American Express also offers
numerous branded prepaid debit cards, which can be used as gift cards or special-
purpose reloadable payment cards.

Las tarjetas de cargo y de crédito vienen con una serie de beneficios en la forma de
puntos de recompensa y beneficios de viaje, que dependen, en parte, en la tarifa anual
cobrada. Las tarjetas de American Express pueden ofrecer un reembolso sobre ciertas
compras, sin embargo, no están entre las mejores tarjetas de reembolso disponibles
actualmente. American Express también ofrece numerosas tarjetas de débito de prepago
de marca, las cuales pueden ser usadas como tarjeta de regalo o como tarjetas de pago
recargables con propósito especial.
Annual fees for American Express cards tend to run high: $95 for the Blue Cash Preferred
Card, $99 for the Delta SkyMiles Gold American Express Card, $150 for the Green Card,
$250 for the Gold Card, and $550 for the Platinum Card. 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. 1 on J.D. Power’s 2020 U.S. Credit Card Satisfaction
Study.

Las tarifas anuales para las tarjetas de American Express tienden a ser altas: $95 por la
Blue Cash Preferred Card, 99$ por la Gold Card, y $550 por la Platinum Card. Dicho esto,
las tarjetas Green, Gold y Planitum no tienen un límite de gasto predeterminado.
American Express ofrece al menos 6 tarjetas sin tarifa anual. El servicio al cliente por
todas las tarjetas Amex es muy valorado, con la compañía volviéndose la no. 1 en el
Estudio de Satisfacción de Tarjetas de Crédito en los Estados Unidos 2020 de J.D.
Power.

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