American Express-- A Unique Sort of Credit Card

American Express, or AMEX, is one of the most recognisable names in the financial world. What lots of customers who have MasterCard or Visa credit cards in their wallet want, is what is the difference in between these two business and American Express. Well the difference is quite easy.

They do not nevertheless, issue any credit cards of their own. For this they depend on their collaborations with thousands of banks worldwide who will provide credit cards, provide the credit necessary, and charge clients interest and offer them benefits. None of your credit card bill goes to Visa or MasterCard.

Visa and MasterCard make their cash by charging the seller a charge for utilizing their payment system, and also sometimes by charging your bank for issuing the card. None of this results you directly nevertheless.

Not only do they have their own payment system, but they likewise provide their cards straight to customers. If a card says American Express on it, you know immediately who provided it, what payments system it uses and everything else about the card.

While Visa and MasterCard are most likely far more widespread payment methods worldwide, American Express is rapidly expanding its network. There are locations in the world where Visa and MasterCard are accepted commonly but American Express is more hard to use.

American Express has its own advantages, especially for customers in Europe and North America. In these nations the card is accepted extensively. The business also provides really attractive credit cards. They have good rates, excellent reward schemes and excellent customer support. If you want a card guaranteed to provide you a high requirement of service, which still carries a bit of extra exclusivity now that Visa and MasterCard are so prevalent, then American Express, or AMEX, is a great safe selection.