0% for 15 months
0% for 15 months|Transfer Fee: 3% (min $5)
17.74% - 28.74% (V)
annual fee
$0
rewards rate
1 - 3% Cash Back
Bonus Offer
$250
Bonus Offer
$250
Good Credit
Pros
Cons
Rewards Details
Additional Info
Not Offered
Not Offered
See Pay Over Time APR
annual fee
$695
rewards rate
1 - 5 points / $1
Bonus Offer
80,000 points
Bonus Offer
80,000 points
Good Credit
Pros
Cons
Rewards Details
Additional Info
Not Offered
Not Offered
19.74% - 26.74% (V)
annual fee
$250
rewards rate
1 - 4 points / $1
Bonus Offer
60,000 points
Bonus Offer
60,000 points
Good Credit
Pros
Cons
Rewards Details
Additional Info
0% for 12 months
0% for 12 months|Transfer Fee: 3% (min $5)
17.74% - 28.74% (V)
annual fee
$0 intro 1st yr, $95 after
rewards rate
1 - 6% Cash Back
Bonus Offer
$250
Bonus Offer
$250
Good Credit
Pros
Cons
Rewards Details
Additional Info
Not Offered
Not Offered
19.49% - 28.49% (V)
annual fee
$0
rewards rate
3 - 7 points / $1
Bonus Offer
80,000 points
Bonus Offer
80,000 points
Good Credit
Pros
Cons
Rewards Details
Additional Info
Not Offered
Not Offered
19.49% - 28.49% (V)
annual fee
$650
rewards rate
2 - 6 points / $1
Bonus Offer
150,000 points
Bonus Offer
150,000 points
Good Credit
Pros
Cons
Rewards Details
Additional Info
Not Offered
Not Offered
19.49% - 28.49% (V)
annual fee
$0 intro 1st yr, $99 after
rewards rate
1 - 2 miles / $1
Bonus Offer
40,000 miles
Bonus Offer
40,000 miles
Good Credit
Pros
Cons
Rewards Details
Additional Info
Get answers to your questions about American Express Credit Card Reviews below. For more general questions, visit our Answers section.
American Express credit cards work just like any other card – with the sole exception that American Express has its own payment network, so it is not affiliated with either Visa or Mastercard. Just like any other card, Amex cards give you a convenient way to borrow money to pay for your purchases. They offer regular credit cards, giving you the option to pay for your purchases over several months, and they also offer charge cards, which require you to pay your balance in full at the end of each month. You can use American Express cards to pay for purchases online, over the phone or in person. Hope this helps!
No, you don't have to pay off all American Express card every month. Most Amex credit cards allow you to carry a balance from month to month, requiring only a monthly minimum payment to keep your account in good standing. Some even offer 0% introductory APRs. That's the case with some of the best American Express credit cards like:
American Express Credit Cards You Have to Pay Off Every Month
On the other hand, you do have to pay some American Express cards in full every month. These include:
But there are exceptions. If you have one of those cards and use it responsibly, American Express may offer to let you pay for certain purchases over time. Interest will apply to such purchases, though, at a rate that won't be disclosed until Amex extends an offer.
You can check out WalletHub's review of the best American Express credit cards to find a good option for carrying a balance. Just don't expect to find a low regular APR. American Express credit cards are known more for rewards than low rates. All information about the American Express Cash Magnet® Card has been collected independently by WalletHub. The American Express Cash Magnet® Card is no longer available to new applicants through WalletHub, but may be available on the American Express website.
What makes American Express different is that it is both a card issuer and a card network. Unlike card issuers such as Chase or Bank of America and card networks such as Visa or Mastercard, American Express serves both the role of servicing accounts and processing transactions. Amex also charges higher interchange fees, better known as swipe fees, than the other major card networks.
On another note, American Express credit cards are unusual in that they're geared toward individuals who have a high net worth. Similarly, while many card issuers offer credit cards to people of all credit levels, American Express only accepts applicants that have good or excellent credit scores. Also unlike most major credit card companies, Amex issues charge cards, which must be paid in full each month.
Finally, American Express credit cards used to be accepted at far fewer merchants in the United States than Visa or Mastercard cards. This is no longer the case, as Amex is now accepted by practically every U.S. merchant that takes credit cards. However, it is still far behind Visa and Mastercard when it comes to international acceptance.
There is no way to know how high American Express credit limits are. You won't know your American Express credit limit until you're approved for an account. American Express does not disclose a minimum credit limit in their cards' terms and conditions, unlike some other major issuers. All Amex says is that your credit limit depends on your credit history, debt level, income, and payment history on other American Express cards.
One way to estimate what credit limit you might get on an American Express card is to read customer reviews of the card. People will often post what limit they received, sometimes with their credit score and income. But you should take any of these numbers with a grain of salt. Just because someone with a similar credit score or income got a certain limit, it doesn't mean you will, too.
The American Express annual fee is $0 to $695, depending on the card. If an Amex credit card has an annual fee, it gets charged to the card when the account is opened and again every year during the month of the card's anniversary. The higher the card's annual fee is, the more rewards and benefits it's likely to offer, but there are still plenty of worthwhile cards with $0 annual fees.
American Express Annual Fees on Popular Cards
Whether you should get an American Express card with an annual fee depends on your spending preferences. If you're a light spender, you'll likely want to avoid a fee. But if you spend a lot, you'll probably find the more expensive cards to be more lucrative in the long run.
*All information about the American Express Cash Magnet® Card has been collected independently by WalletHub. The American Express Cash Magnet® Card is no longer available to new applicants through WalletHub, but may be available on the American Express website.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. Actual terms may vary. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by any issuer.
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