When ‘American Express Blue’ and ‘Blue Cash’ were introduced as part of their line of credit cards, it quickly became clear that they would not offer as many features as other credit cards such as cash back, purchase protection and cash and baggage services. Moreover, all American Express credit cards employ a stringent cash back program, so there was no way of ‘paying off’ the annual percentage rate (APR) for purchases and not accruing a monthly interest penalty.
The American Express Blue credit card proved to be advantageous for those who carried large balance balances owing on their American Express credit cards. Paying off these credit card balances helped to re-establish the existing credit history during a difficult time of economic and social crisis.
The APR for the American Express credit cards is low, which works out to about 15%, with most of the offers being comparable on the other cards in the market. However, some ‘grandfathered’, such as those from FedEx and FirstBrand, had higher annual percentage rates than the American Express Blue. It therefore, has become necessary to explore various forms of financing options in order to benefit from the lower APR introductory offer.
Although the lower APR was available, it was only for the first 6 months, so the decision as to how best to use a card is to look for the low APR. The lower APR usually applies only for an introductory trial period. The longer the trial period, the lower the APR will be. However, the higher rates could be obtained if the initial low limit on the new card was paid off.
If ‘American Express Blue’ is a ‘truly remarkable bargain’ and your balances are paid off within the trial period, another American Express credit card could be an advantageous option. Pay attention that the introductory offer is based on a significantly higher annual percentage rate than other cards.
The standard American Express Blue credit card has a 0% introductory APR interest rate for the first twelve months, followed by an annual fee of approximately 9%. Your balance will be charged an amount equal to the amount of the introductory interest rate for the card in its introductory interest rate and, of course, as with any credit card that charges balance transfer fees.
Credit Cards Are Increasingly Popular
Credit Cards have become more and more popular among shoppers and families. And credit cards can be especially handy when shopping for the things you need for the new year. Although credit cards can prove quite helpful in the beginning, after some time in the new year, credit cards of course start to get more popular and more so consumers are also looking for ways to extend the benefits of a credit card. This article will look at few of the most common credit card offers and the differences between them. And if you are a consumer looking for ways to extend benefits of a credit card on to a consumer then you definitely wouldn’t be surprised to see that these features are found on credit cards which is just a good reason to find a credit card offer which has many of these features.
Advantages of a credit card is one of these advantages which is not found in other types of credit cards. In this article we will look at advantages as well as disadvantages of having a credit card if you really don’t need that kind of a feature.
There are several advantages which come with a credit card. While there may be a higher APR to be found in other credit cards, in a credit card there are also many credit benefits which can be obtained, not only with a credit card, but also with other credit cards. This means that once there is a very small amount of money to be found, there are many rewards for the consumer.
The biggest advantage that credit cards offer is usually that they can help to extend the amount of future earnings the consumer may deserve. Since there never is a fixed monthly payment or interest rate figure, payments made to the credit cards are considered more as an earnings than as a payment. This does mean that in certain circumstances, people can simply pay for what they’ve earned or pay no interest charges may be made on it.
Another advantage that comes with a credit card is that there are certain companies which will begin offering rewards of certain types. Before long these types of companies will give you additional discounts on airline tickets and other products.
These are just a few of the benefits provided by a credit card. Using a credit card in such a way does add into your other similar benefits. This does however have to be done thoroughly, you know that the extra money that is offered will also be more than you are able to use.
Another advantage that comes with a credit card is that it allows you to purchase other things when you use it.