Best American Express Credit Cards

American Express was founded in 1850 and is currently one of the biggest financial organizations in the world, with their credit cards generating most of their profits.

These American Express credit cards earn billions for the company, with each user spending an average of $18,519 a year, contributing significantly to the national debt but also also giving many business owners, individuals and students the credit they need.

In this guide we list the best American Express credit cards for 2018, focusing on a variety of cards to ensure every need and every user is catered for.

The Amex EveryDay Credit Card from American Express

This card will not be for everyone. If you’re deep in debt or you only use your credit card occasionally, it will do more harm than good. But if you spend in excess of $10,000 a year on your credit card and want to earn some cash back and other perks to feel like a true VIP, then it’s ideal.

You can earn two points for every $1 that you spend in US supermarkets to a maximum spend of $6,000 a year, with all other purchases earning 1 point per $1. There are also bonuses to give your points a boost and earn you more cash back at the end of the year.

The interest is not the best and while there is a relatively low rate advertised, it’s rare that this is actually offered and most customers will be offered a higher rate.

The Basics

  • Good score needed; higher scores return better interest rates.
  • APR from 14.74% to 25.74%.
  • 2.7% foreign transaction fee.
  • Up to $38 late/return payment fee.
  • Points can be redeemed on travel, shopping and more.
  • Points can be transferred to one of many airline and hotel partners, including Hilton, British Airways, Starwood and more.

The Benefits

  • No annual fee.
  • Spend $1,000 in your first three months to earn a bonus of 10,000 membership points.
  • 0% interest rate on purchases for the first 15 months.
  • 0% interest rate on balance transfers for first 15 months (transfers need to be made within 60 days).
  • Earn 20% more points on purchases when you use your card 20 times or more in one billing cycle.

The Fine Print

  • Penalty APR of 29.99%
  • Cash advance rate of 26.99%.
  • Terms and conditions apply.

Blue Cash Preferred Credit Card from American Express

American Express Credit Cards

The Blue Cash Preferred card is the perfect solution for high-spending families looking to cut costs and be rewarded for the things they spend the most money on.

There is no points scheme, no air miles, just straight-up cash back. You can earn 6% cash back at US supermarkets; 3% cash back on every dollar that you spend at gas stations and department stores in the United States; and 1% on everything else.

The APR isn’t the best and there is also an annual fee of $95, but those cash back purchases apply on every dollar you spend (the highest amount is limited to $6,000), which is enough to cover the annual fee and earn some extra cash on the side. In fact, the average family will earn considerably more as you only need to spend $31 on groceries every week to cover the annual fee, and the average household food budget is much greater.

There is also an introductory rate and you can earn additional statement credit in your first three moths. Take a look below to see more details on this American Express credit card.

The Basics

  • Annual fee of $95.
  • Purchase APR of 14.74% to 25.74%.
  • Balance transfer APR os 14.74% to 25.74%
  • “Good” to “Excellent” credit score needed.

The Benefits

  • Earn 6% cash back when you make purchases at US grocery stores (up to $6,000)
  • Earn 3% cash back on gas and at department stores.
  • Earn 1% cash back on everything else.
  • 0% APR on purchase for first 12 months.
  • 0% APR on balance transfers for first 12 months.
  • Get a $200 statement credit when you spend $1,000 in the first three months.

The Fine Print

  • Limited benefits for people who live alone, don’t drive and don’t spend a lot.
  • Penalty APR of 29.99%.
  • Cash advance APR of 26.99%.
  • Terms and conditions apply.

American Express Platinum Credit Card

American Express Platinum Credit Card

The American Express Platinum card was one of the very first truly premium rewards cards and it is one that we have covered many times here on DebtReviews. These days you can find a number of other high-fee, high-rewards cards if you spend a lot of money and have a good credit rating, but the American Express Platinum card is still a good option to have.

It has a great rewards scheme, a respectable interest rate and it also offers a wealth of perks. If you spend a lot of money on your credit card every year and can earn enough rewards points to offset the high fee, then it’s worth considering. If you travel a lot, spending a lot of time in the air and in hotel rooms, then it will benefit you even more.

You will need a “good” credit rating to be considered and in most cases you will need at least an “excellent” score. See our guide to improving your credit score to get some tips on achieving that perfect score.

The Basics

  • Good score needed; higher scores return better interest rates.
  • Annual fee of $550.
  • APR varies.

The Benefits

  • Huge range of luxury perks, including credit with airlines, Uber and VIP lounges.
  • No foreign transaction fees.
  • Earn 5 rewards point for every $1 that you spend with American Express Travel.
  • Earn 5 points for every $1 you spend on hotels.
  • Earn 2 points on all other travel and accommodation.
  • Earn 1 point on every other purchase.
  • Get 60,000 bonus points when you spend at least $5,000 in first three months.
  • Access to over 1,000 VIP lounges around the world.

The Fine Print

  • Up to $38 fee for late/returned payment.
  • Terms and conditions apply.

American Express SimplyCash Business Credit Card

As the name suggests, this American Express credit card is geared towards small businesses. It has a rewards scheme that focuses on supply stores, telecommunications and other business essentials. It also has a very respectable APR and a 5% maximum cash back that can be earned on up to $50,000 worth of spending.

But, of course, you need to be a business owner to apply for this credit card and you also need to have a very good credit score.

The Basics

The Benefits

  • Earn 5% cash back on purchases at office supply stores and on telephone services.
  • Earn 3% cash back on any purchase category of your choosing.
  • 5% and 3% cash back rates apply to first $50,000 per year, after which it drops to 1%.
  • No annual fee.
  • 0% APR on purchases for first 15 months.
  • Ability to spend above your credit limit.

The Fine Print

  • 2.7% foreign transaction fee.
  • Up to £38 charge for late/returned payment.
  • 29.99% penalty APR.
  • Terms and conditions apply.

Should You Get an American Express Credit Card?

Best American Express Credit Card

American Express cards are accepted in as many places as Visa, MasterCard and even Discover cards. They charge retailers fees to process payments, so those retailers often ignore them altogether and focus on other networks. It only makes sense.

However, there are still a huge number of places that accept American Express and they are also working hard to counteract this inaccessibility issue, with over 1.5 million new retailers moving to accept them in 2017, and more doing the same in 2018.

American Express also have some of the best rewards of any credit cards and this is backed by solid service. You should still look at each card in turn and make sure you include all providers and networks in your search, but make sure you don’t leave American Express cards out of your searches.