Yes, you should get an American Express card if you have good or excellent credit and want to earn great rewards or take advantage of introductory 0% APR offers. There are lots of different American Express credit cards to choose from, including high-end travel rewards cards and $0 annual fee cards with cash back. It’s just a matter of finding the right Amex card for your needs.
That said, you should think twice about getting an American Express card if you have less than good credit. American Express cards are often regarded as status symbols of sorts, and as such, Amex does not offer cards for establishing or rebuilding credit. But you don’t need to spend a ton or have a super high income for getting an Amex to make sense.
Lastly, American Express card acceptance has risen significantly in recent years, as its cards are now widely accepted throughout the United States. In many other countries, however, it may still be difficult to find merchants that will take American Express cards. You should take that into account if you plan to use an American Express card when traveling abroad.
An American Express card is worth it for people with good or excellent credit scores who want to earn rewards on U.S. purchases that they’ll pay for in full by the due date every month. An Amex card may also be worth it for people who want an introductory low-interest period in addition to rewards.… read full answer
The bottom line is that as long as the money saved by using the American Express card cancels out or exceeds any annual fees, the Amex card is worth having. Of course, whether a particular Amex card is the most worthwhile option overall also depends on what other credit card companies are offering. Amex is more competitive in some areas than others, too.
For example, Amex cards obviously aren’t the best for building credit, and most aren’t well-suited for balance transfers or new-purchase financing. That said, multiple American Express cards have great benefits for food-related expenses, and the Membership Rewards program makes almost all Amex cards good for travel.
It's generally harder to get an American Express card than it is to get a credit card from many other major issuers simply because all of Amex's credit card offers require good or excellent credit for approval. But American Express isn't the only credit card company to target people in the highest tiers of the credit score scale. Barclaycard and Chase do too, for example. And if you're fortunate enough to have good credit or better, an American Express credit card will be no harder to get than any other credit card.… read full answer
The easiest American Express cards to get are those that require a minimum of good credit for approval, as opposed to excellent credit only. You may also want to target cards that are co-branded with companies such as Delta and Hilton as well as offers with lower annual fees. Co-branded cards often have relatively high approval rates to accommodate more fans of the brand (e.g. Hilton) in question. And some of Amex's premium cards for big-spenders, which can be relatively difficult to get, have high fees.
Of course, American Express also evaluates each applicant's income and debt obligations to make sure they can afford monthly bill payments on a new line of credit. But there isn't much information available about Amex's standards in those regards, and you shouldn't expect them to differ too much from other credit card companies' policies.
Some people think American Express is bad because it does not have the same widespread international acceptance as other major card networks, and merchants often take issue with Amex's high interchange fees. American Express credit cards also require good credit or better for approval, and they often come with high fees.… read full answer
However, American Express is not a bad credit card company overall. Many Amex credit cards have excellent rewards and other worthwhile benefits. American Express credit card customer service is highly rated, too.
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