Founded in 1850 and headquartered in New York, American Express offers financial services such as credit cards and insurance.

The Good

  • Competitive APRs 
  • Rewards program
  • Fraud safeguards

Competitive APRs

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.

Rewards Program

American Express offers several rewards programs, cash back rewards, travel rewards, and business rewards.

Fraud Safeguards

American Express offers solutions to prevent fraud, including card identification verification, counterfeit detection, electronic verification, and charge authorization.

Visit Site

The Bad

  • Annual Fees
  • Late Payment Penalty
  • Foreign Transaction Fee
  • No Free Credit Score

Annual Fees

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.

The Bottom Line

American Express offers competitive APRs, several rewards programs, and a number of fraud safeguards. However, the company charges annual fees, late payment fees, and foreign transaction fees. Additionally, American Express does not provide free credit score monitoring.

*Disclaimer: Listed interest rates were accurate as of May 2017 but are subject to change. Actual rates may differ from those listed in our review.

Are there any inaccuracies in this review? We take our accuracy very seriously and would love your feedback. Give feedback here.

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8 American Express (Amex) Reviews

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  1. User Score

    8

    June 12th, 2017

    We used American Express for several years while they were affiliated with Costco. While we no longer use their services due to Costco’s change to Citi, we would have no problem using their services in the future.

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  2. User Score

    8

    June 12th, 2017

    We used American Express for several years while they were affiliated with Costco. The annual rebate was reliable, and their website was easy to use. While we no longer use their services due to Costco’s change to Citi, we would have no problem using their services in the future.

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  3. User Score

    8

    June 12th, 2017 Salt Lake City, UT

    American Express has been a good credit card for me. I like using them for big purchases because I know they are secure. One complaint that I have is that not a lot of businesses accept their credit card services.

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  4. User Score

    7

    June 11th, 2017 Salt Lake City, UT

    I had an American Express card for over ten years, until they split from Costco. I did like their rewards program and never had any problems with them.

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  5. User Score

    8

    June 6th, 2017 San Francisco, CA

    I just used my Delta American Express card and it sure came in handy when I checked my bags. It is nice not having to worry about luggage fees, and zone 1 bording is also a plus.

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  6. User Score

    6

    June 2nd, 2017 Apex, NC

    I no longer have a card with American Express since they broke from Costco, but I never had any problems with them. I liked their website much better than Citibank’s (who Costco partners with now), and they were really good to take care of the couple times my husband’s card number was stolen and used, so that was very appreciated. They aren’t accepted everywhere which can get annoying, but overall they were pretty good and I liked them. The only reason we were with them in the first place though was because of the partnership with Costco.

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  7. User Score

    8

    May 30th, 2017 Draper, UT

    I recently canceled my credit card with American Express because I simply wasn’t using it. When I called in to cancel my card I expected a long explanation on why I shouldn’t cancel my credit card instead I was greeted with the customer representative saying, ” we are sorry to see you leave our credit card family, and would love to work with you in the future.” Because of this simple response I will most likely use American Express again in the near future.

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  8. User Score

    8

    May 26th, 2017

    I got my american express card so I can get the 40,000 travel points that was advertised with it. I spent $1000 in the first 3 months. After I spent my money they quickly credited my account with my travel points. Yeah!! I like the online payment option.

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