Why Everyone Needs An American Express Card – A Simple Guide
American Express is seen as the gold standard of all credit cards. Giving their customers a plethora of rewards, cash back and other top benefits is why they have been so popular for such a long time. After recently just being accepted for an Amex card myself, I will take you through why I think everyone needs an American Express Card (and if you’re confused about credit cards in general, click here to get up to speed!)
Personally, what attracts me to Amex cards is the premium customer experience you get, which no other credit card comes close to in the UK. As someone who has 3 credit cards, I feel I get the most out of my American Express.
Firstly, I want to start the article by explaining that credit cards are not something to be scared of. I know a lot of people who say “Oh no I’m not getting a credit card I don’t want to pay interest.” – Well that’s great, but if you’re responsible with your credit card then you won’t pay any interest. Credit cards can be used to give you better protection on purchases, and extra rewards. I’ve had at least one credit card for the last 18 months and I am yet to pay any interest on my monthly payment. The key is; PAY THE BALANCE OFF IN FULL EVERY MONTH.
Really, as long as you’re responsible with the card, it makes no sense for anyone to be using a debit card. For example, if you put all your monthly outgoings on one of the Amex cards, you will either earn; reward points, cash back or even flight points.
As simple as it may sound, you can put all your spend on the credit card, wait for your monthly bill, pay it off in full and no interest is added. In doing this, you will get all the rewards which the card has to offer, without a penny of interest paid.
Platinum Cashback Everyday Credit Card
Now, the card I went for was the Platinum Cashback Everyday Credit Card – bit of a mouth full I know. Big reason is, although I love to travel, I’m not sure what is going to happen with flights and travelling going forward with the current crisis (there’s an article to come on this) and therefore didn’t see the benefit in taking a flights reward card right now. The cashback card has a great sign up bonus – 5% cashback on your first £2000 purchase in the first 6 months. Meaning a max of £100 cashback on my normal purchases.
Although you may be thinking…. Oh but £100 isn’t THAT good, let me ask you, where else would you get £100 cashback off your normal spending habits?
After the first six months of Card membership you’ll earn up to 1% cashback, depending on how much you spend on the Card:
- Spend £0 to £5,000 and receive 0.5% cashback on purchases
- Spend over £5,000 and receive 1% cashback on purchases
- Must spend a minimum of £3000 a year in order to be eligible for cashback
Now if you’re thinking but I don’t think I would spend £2000 in the first 6 months?, no problem. What you can do is add people onto your account with a supplementary card. You get a £5 bonus for your first supp added, and every time they spend – it adds to your total spend.
Other Benefits of American Express UK
As American Express put it: World-Class service – Amex offers discounts on a range of retail and travel partners all over the world. This works really well especially with a cashback card.
Travel Accident InsuranceTravel Accident Insurance up to £150,000 on public transport when you buy your ticket with your Card.
My favourite benefit, is the Purchase and Refund Protection Cover:
Purchase Cover: If your eligible item* is either stolen or accidentally damaged up to 90 days after you’ve bought it, we’ll reimburse you up to £2,500.
*Excess of £50 applies.
Having trouble with a UK shop refunding your American Express Charge or Credit Card payment?
Submit a claim within 90 days and we’ll refund the purchase price for eligible* items up to £200. It’s no trouble.
Do Shops accept American Express?
In short – YES! Most shops accept American Express card in the UK as recent changes in EU laws around how much they can charge retailers is now in line with VISA and Mastercard. There are some very small shops which don’t accept the card, but you can always use another visa/mastercard cashback card or a debit card here.
I would recommend also filling out their eligibility test first, so you know your chances of getting accepted.
So there you have it. Let us know your thoughts in comments and if you have any recommendations, thoughts, or even want to argue with us, feel free to let us know.