The most common American Express benefits are special cash back rebates with popular retailers through Amex Offers and exclusive access to entertainment events. Many Amex cards also offer benefits like travel insurance, rental car insurance, extended warranties, purchase protection, return protection and more. Certain cards might have less traditional perks, too, like airport lounge access or account credits for certain types of purchases.
Other benefits of having an American Express card include 24/7 customer service, a hotline for assistance when you’re traveling abroad, and free expedited shipping on replacement cards. Plus, Amex gives you the chance to get your card number instantly after approval so you can start using it online before the card comes in the mail.
9 Best American Express Benefits:
Cash back rebates for spending a certain amount of money at select merchants that rotate. Available on all Amex credit cards.
American Express Experiences
Access to special ticket presales and cardmember-only entertainment events. Available on all Amex credit cards.
Covers luggage lost or damaged on a common carrier (plane, train, boat, etc.) when the fare is paid for with an eligible American Express card. Available on over 30 Amex cards.
Trip delay insurance
Reimburses essential purchases you need to make (e.g. clothes, toiletries, food, lodging) when a trip you paid for with an eligible Amex card is delayed for at least 6 - 12 hours, depending on the card. Available on around 20 cards.
Trip cancellation/interruption insurance
Typically covers $10,000 per trip and $20,000 per year for trips cancelled or cut short by unforeseen circumstances. The trip must be paid for with an eligible Amex card (more than 10 cards are eligible).
Rental car insurance
Provides $50,000 to $75,000 per rental in coverage for vehicles rented with an eligible Amex card, when you decline the rental agency’s insurance. Available on over 60 cards.
Reimburses the cardholder for items that were purchased with an eligible Amex card and damaged or stolen within 90 days. Available on over 60 cards.
Pays for items bought with an eligible Amex card when the merchant refuses a return within 90 days of the purchase date. Available on over 15 cards.
Adds up to a year to the existing manufacturer’s warranty on items purchased with an eligible Amex card. Available on over 45 cards.
While there are a lot of American Express benefits, they vary from card to card, so it’s important to read your card’s benefits guide for the full details. Finally, it’s also important to touch on the cool factor that Amex cards can have. Many people see American Express cards as prestigious, which makes sense considering the fact that they tend to offer high rewards rates and require good or excellent credit. In addition, several Amex credit cards are metal rather than plastic, which may impress others when you make a purchase.
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