Operating as the largest card issuer by purchase volume, American Express is one of the world’s most powerful and trusted financial brands. With more than $180 billion in total assets and $33.4 billion in revenue as of December 2017, American Express prides itself on its ability to make purchasing more convenient and safer for consumers and businesses.
The financial institution has something for just about every customer with its wide selection of credit cards. But, which card is right for you? Keep reading to compare American Express credit cards and their individual features and find the one that fits your financial needs.
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American Express Credit Card Review
If you’re looking for a way to score more cash back and travel points, then one of these personal American Express credit cards might be for you.
Blue Cash Everyday Card
- No annual fee
- 0% introductory APR for first 15 months, 14.74% to 25.74% variable APR thereafter.
Like its name suggests, the Blue Cash Everyday Card is good for your everyday spending. With the Blue Cash Everyday Card, you’re guaranteed 3 percent cash back at U.S. supermarkets on up to $6,000 in purchases per year and 2 percent cash back at U.S. gas stations. However, this card also comes with steep fees and penalties. All late or returned payments have a fee of up to $38, and there’s a penalty APR of 29.99% that’s applied to your account when you make one or more late payments, or your payment is returned by your bank.
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Blue Cash Preferred Card
- $95 annual fee
- 0% introductory APR for first 12 months, 14.74% to 25.74% variable APR thereafter
The Blue Cash Preferred Card is similar to the Blue Cash Everyday Card except the cash back you earn is greater. You earn 6 percent cash back at American supermarkets on up to $6,000 per year and 3 percent cash back at U.S. gas stations, which is a handsome reward for big shoppers. This credit card also comes with a 26.99% APR for cash advances and a penalty APR of 29.99%. Although the APR percentages for this card are high, both vary based on the prime rate.
Amex EveryDay Credit Card
- No annual fee
- 0% introductory APR for first 15 months, 14.74% to 25.74% variable APR thereafter
Whether you’re the head of a big family or find yourself making a trip to the grocery store every other day, this might be the card for you. Earn 20 percent extra points when you make 20 or more purchases in a billing period (purchases less returns and credits), and earn 2x the points at American supermarkets. However, there is a fee up to $38 for late or returned payments and a penalty APR of 29.99% that varies based on the prime rate.
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Premier Rewards Gold Card
- $195 annual fee after the first year
- No interest charges
If you’re someone who likes to travel, then consider the American Express Premier Rewards Gold Card. There is no fee for foreign transactions. You can earn 3x the points for flights booked directly with airlines as well as 2x the points at American restaurants, gas stations and supermarkets. In addition, you can receive up to $100 in statement credits per calendar year when you are charged baggage or other incidental fees by a qualifying airline.
The Platinum Card
- $550 annual fee
- $0 foreign transaction fee
With the Platinum Card, members receive $15 in Uber credits for rides in the U.S. each month, and a bonus $20 in December. Members also earn 5x the points on prepaid hotels booked on amextravel.com. Although the annual fee is over $500, this card scores big in travel perks for its customers. For instance, cardmembers get access to the American Express Global Lounge Collection, which allows you inside more than 1,000 airport lounges. Also, earn 60,000 membership reward points after you use your card to make $5,000 worth of purchases in your first three months. Read a detailed review of the American Express Platinum Card to decide if it’s worth it.
The Bottom Line
Even though American Express fees and penalties might be steep for some of its credit cards, the pros seem to outweigh the cons. The cash back opportunities and travel perks make it a great card for big shoppers and jet-setters.
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Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone and have not been endorsed by American Express.