Founded in 1850 and headquartered in New York, American Express offers financial services such as credit cards and insurance.
- Competitive APRs
- Rewards program
- Fraud safeguards
American Express offers credit cards with introductory rates of 0 percent for the first six to twelve months. After that, rates range from 13.24 to 25.24 percent*, which is competitive within the industry.
American Express offers several rewards programs, cash back rewards, travel rewards, and business rewards.
American Express offers solutions to prevent fraud, including card identification verification, counterfeit detection, electronic verification, and charge authorization.
- Annual fees
- Late payment penalty
- Foreign transaction fee
- No free credit score
Depending on the card, American Express charges annual fees up to $450, which is one of the steepest fees in the industry.
Late Payment Penalty
American Express cardholders who make a payment late will be charge a fee of up to $38.
Foreign Transaction Fee
While some companies in the industry do not charge a foreign transaction fee, American Express charges a fee of 2.70 percent for foreign transactions, which can be inconvenient for frequent travelers.
No Free Credit Score
Unfortunately, American Express does not provide its customers with free credit score tracking.