Network: American Express
Institution: American Express
Card Type: Rewards
Reward Types: Travel
Reward Point Value: $0.0223
Fees & Interest
Purchase Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%%
First Year Annual Fee: $120
Annual Fee After First Year: $120
Personal Income: $15000
Household Income: $0
Credit Needed: Very Good
Travel Accident: Included
Travel Cancelation: Not available
Travel Medical: Not available
Travel Intrerruption: Not available
Flight Delay: Included
Rental Vehicle: Included
The American Express Global Network is the third largest proprietary global electronic payment network in the world. Because American Express is also a bank in most cases the American Express credit card with be issued by American Express's proprietary bank. Cardholders are charged a 2.7% international transaction fee for transactions over the network. American Express is known to offer additional benefits and rewards for those that are willing to pay a higher membership cost.
The purchase interest rate for this credit card is: 19.99% percent annually. Also the cash advance rate is: 22.99% per year.
Travel accident insurance is included on this card. Travel accident insurance is a policy specialized for travel accidents that could occur when traveling abroad. Travel accident policies can cover your family while purchasing tickets on common transportation carriers such as airplanes, buses, boats and trains on your credit card.
Flight delay insurance is also included on this card. This policy provides coverage in case your flight is delayed and you incur costs related to this unexpected event. Most cards only cover you up to a fixed amount per day that can be used towards meals and accommodations.
Delayed baggage insurance is included on this card. As it can be guessed from the name, this type of insurance protects travels against the loss or delay of checked baggage that is not delivered in a set amount of time. Normally credit cards offering this type of insurance have a maximum allowance for re-inbursement.
Car rental insurance is also included on this card. Collision and damage coverage is a popular feature on credit cards that can save you money. Without this insurance policy you could be spending anywhere from $16 - $25 per day for vehicle insurance if you don't have this coverage. However it's important to note that most credit cards do not provide liability coverage therefore any damage to other cars, property or people would not be covered.