Credit cards are not only sources of money. Today, bank card offers are composed of the whole package of additional services. These services determine card attractiveness as a product to the potential clients.
American Express is one of the companies that developed the most innovative financial services. The bank cards by American Express are known all over the world. Amex Everyday credit card and Amex Everyday Preferred are fine products for a regular citizen. Such cards offer unique benefits. The cost of each one is different. Advantages of having a one are different too.
American Everyday and American Preferred: Which To Choose
When you choose a right type of plastic, you have to make a research. It is important to compare
- interest rates;
- monthly payments;
- other available features.
These are crucial characteristics to determine what kind of plastic you need for your particular purposes and financial capabilities.
The very first parameter the clients look at is annual fee. For Amex Everyday American Express offers unique zero cost interest rate. For the Amex Preferred the annual fee is $95. At first sight, Amex Preferred seems to be more beneficial, however, everything is not that superficially simple.
What Are True Benefits of Amex Cards
Amex cards were developed to propose the most of possible benefits to a client who spends. The client gets return for each purchase. It is measured in points which are later converted into cash. These types of products encourage people to buy more.
Here is the structure of bonuses offered by American Express:
- Amex Preferred offers higher bonuses to client. It offers 3* points in US supermarkets, when Amex Everyday gives you only 2*.
- For opening the plastics the client gets a welcome bonus. For a Preferred card it is higher and equals up to 15 000 points. For Amex Everyday sign up the client gets only 10 000 points.
- Both cards offer purchase protection function, as well as extended warranty and travel accident insurance.
- Transaction bonuses differ. For Amex Preferred they are usually up to 50% points for making 30 and more purchases. For Amex Everyday, you get only 20% for 20 purchases and more.
- Points collected for using both plastics are easy to transfer. You can easily pay with points.
Both cards are very advantageous. What is more important, American Express is quite a tolerant company. It is relatively easy to open both credit lines there. You can do it even if your credit score is not that high. The money limit will of course correlate to your income, however, it will take you only moderate time to get a new credit line.