The American Express Credit Card is one of the longest serving and surviving credit cards on the market. It was first introduced on the market in 1958 by the American Express Company. It is therefore a pioneering credit card which has been tested in different economic environments and times.
The American express credit card boasts of being a unique credit card which has no spending limit as long as a client has the means to pay outstanding balance each month, it also carries the benefit of having a 55 day interest free period.
The american express credit card comes in four categories which is the platinum card, gold card, platinum credit card and the gold credit card.
The platinum card enables clients to have upgrades and special airfares on certain airlines, dedicated travel and lifestyle service which includes VIP airport lounge access and special offerings at over 700 of the worlds finest hotels and resorts globally. Clients on this card should earn R750 000 or more annually and they only pay an annual fee of R3050 and a once off initiation fee of R3050.
The American express gold card allows for dedicated travel service and access to local airport lounges. To attain this card, clients must earn R200 000 or more annually and they pay an annual service fee of R515 and a once off initiation fee of R515.
American express platinum credit card offers clients preferential interest rate, up to eight free visits per calendar year to the premier club domestic lounges in South Africa, travel insurance as well as balance transfer at preferential interest rates. To access this card, clients should earn R300 000 or more annually and they pay a monthly service fee of R56.00 and a once off fee of R112.
The American express gold credit card allows clients to have travel insurance benefit and balance transfer at preferential interest rates. Clients should earn R120 000 annually and they pay a monthly service fee of R23.75 and a once off initiation fee of R112.
It must be noted however that eligible spending on this card includes all local and international purchases but excludes cash withdraws, purchases of casino chips and travellers cheques, purchase fees and finance charges. The Payment type on all these cards is that clients must pay balance in full.
American express can be contacted on 011 294 4444.