Many consumers are unaware that they can get a statement credit from American Express. The credit cards issued by AMEX are preferred because they offer the benefits of MasterCard along with the rewards of Visa. Since both Visa and MasterCard have established a stellar reputation in the credit card business, many consumers do not see these as a viable option. However, with the recent surge in the number of companies that offer these cards, it is now possible to get a statement credit from AMEX. In fact, this is becoming increasingly more common as the economy remains tumultuous.
There are a few reasons for this. First, AMEX is one of the largest issuers of the cards. This means that the company is able to provide great service and deals to their customers. For this reason, they tend to have a higher credit limit on their cards, which may allow for greater purchasing power for the consumer.
AMEX also offers great protection to its customers. They cover the entire expense of the credit card in the event that the card is lost or stolen. Furthermore, AMEX will make sure that you receive statements on an annual basis from the company.
Consumers like getting a statement credit from AMEX for a few different reasons. First, AMEX is a great brand name and is well recognized by consumers. In addition, there is no annual fee attached to the card. Finally, the card has a zero percent introductory rate, which is also attractive for the consumer.
In order to qualify for a statement credit from AMEX, you will need to know the year that the card was issued as well as the month of issue. The consumer may also need to supply information on any former cards that they may have. In addition, the consumer will need to provide information on the types of purchases that they make on the card. For example, a statement card can be used for cash withdrawals at an ATM, internet usage and gas station purchases, traveling expenses and any purchases that are made with the card abroad. The issuer will also need the date that the card was issued along with the expiration date. The AMEX card holder will not be allowed to use the card for purchases that were made within three months of the date of the expiration.
Many people are able to get a statement credit from AMEX because there are so many restrictions placed on them. For example, there are strict guidelines as to how much money can be withdrawn and spent each month. There are also many rules on the amount of interest that must be paid on the balance. Finally, there are many stipulations that must be met in order to keep an account active. If one fails to meet these conditions then the account can be closed. This is why it is so important to maintain good credit and pay off debts promptly.
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