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February 21, 2006
Which Amex Card Is Right For You?
If you need a credit card for personal or business use, American Express offers a variety of options. Picking the right card can be a daunting task, so I'm here to help you simplify the process by explaining the key pros and cons of a few of the most popular cards that American Express offers.
Do you prefer having no annual fee? Try the Blue or the Blue Cash cards, available for personal use or business use. Blue Cash rewards you for using your card by giving you up to 5% cash back. Both cards come with an introductory 0% APR and a permanent APR as low as 7.99%, depending on your credit history and card usage. These cards are also smartly designed in blue coloring and clear plastic. The Blue cards have pre-set spending limits, which some customers do not prefer.
American Express also offers their instantly recognizable green cards and gold cards. These cards have annual fees anywhere from $65-$90, but come with the flexibility of no pre-set spending limit. Let's clear something up, though, about what this actually means. Each purchase you make with your card is individually approved at the time of the sale, and approval is based on a variety of factors. Some factors used are credit record, personal resources, and past account history. "No pre-set spending limit" does not mean you have the ability to instantly charge whatever you want!
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