AMERICAN EXPRESS SIMPLY CASH
Apply for an American Express simply cash card
American express is popularly known as “Amex”. American express is best known for credit cards, travel cheques and banking business. Though American express was founded in 1850 it was only in 1890 that it entered the field of finance. Back in 1850 the American express was formed by the merger of three express mail companies owned by Henry wells, William Fargo and John Butterfield. American express was initially in the business of express shipments and literally dominated the market for decades.
American express expanded itself nationally by associating with other prominent express, railroad ant ship organizations. American express entered the arena of finance in 1882 to contend with money orders of US Post Office.
American Express was the pioneer in the field of traveler’s cheques. The concept of traveler’s cheques was conceived when J.C. Fargo traveled to Europe in the late 1980’s and experienced trouble in obtaining cash. American Express established itself globally with its Traveler’s cheques. American express moved into the card sector in 1957 under the leadership of Ralph Reed, the CEO back then. American express graduated from the paper cards to plastic embossed cards in 1959.
After the first card in 1959 there was no stopping. American express came up with a series of new cards. Some of the prominent ones are the Gold Cards introduced in 1966, Platinum Cards 1984 for their loyal customers of two years with a first-class spending and payment record. In 1987 the American Express came up with their first credit card called the optima that granted their customers an extended payment. American express now offers a diverse range of credit cards to choose from. The major players in the credit card range are the Jetblue Card, Blue card rebate card, American Express Business cards, American Express Platinum and so on.
In 1999 a new card was introduced which was exclusively for the elite customers who could manage to shell out an annual fees of 1,000$ in 1999 and 2,500 $ now. This card was “The Centurion”. Of course the card was and is still supplemented with some exceptional benefits and perks for their special customers. Many cards followed after that which introduced some new features like the reward program, cash back, damage waiver and much more.
The latest addition to the ever increasing list is the new American Express Simply Cash card.
American Express Simply Cash Card
As the name suggests the credit card actually gives your money back and that too in cash??? Well it is true that with American express simply cash card one can expect your cash to be returned to you on practically every purchase you make through that card. Most analyst state that the American express simply cash card is the best card available in the market today.
The card allows you to simply get cash back up to 5% on the transactions of gas, telephone service bills, office supplies and much more. You can also save when shopping at an open saving dealer. For all the other transactions you will get 1% cash back. Though the American express simply cash card is a business card you can still apply for it if you have no business, as you will be treated as a sole proprietor.
The cash back principle
The American express simply cash card will help you earn 5% refund when make transactions in relation to wireless telecom services, gas and office provisions. You are liable to earn 1% refund on all the other purchases you make. You can also get some discounts if you shop from the opensavings merchandiser. The AT&T, FedEx, Hyatt falls under this category. Cash refunds are automatically credited to your account. No limits are set for your refunds so you can earn innumerable rebates. The rebate feature is also extended for the shopping, dinning. Entertainment and travel to meet the customers personal need.
Charges
No annual charges are to be paid for this card. There is also no APR for the initial one year of purchase. An APR of 7.99% will be charged if you transfer the funds within the first 6 months of transfer. The APR from the second year would be anywhere between 3.99% to 9.99%. The typical daily balance technique is used to calculate balance gives you a grace period of 25 days.
Purchase security
One can always return the commodity one has purchased if it is damaged. The time period is of 90 days.
Travel
The card holders are provided with accidental travel insurance. Also you can save on your business travel with the help of Amex cards. You can visit the homepage to see the list of hotels and airlines companies who offer special discounts for Amex card holders.
Online Management
You can manage your account with the help of this facility. You can also get the summary of your account online and you would be able to pay bills, view recent transactions and more. With Amex card you would be able to pay your bills faster and efficiently. You can also operate the account alert feature which will assist you to remain updated about your account through the mobile, PDA, pager or email. Also if you find certain charges to be baseless you can question it online and you would get an answer instantly.
One can easily download ones bank statement and other reports within 5 minutes with the help of QuickBooks. You can also allow another person to view your account or transactions on your behalf.
Online Help
You can clear your doubts and read about other card holder’s experiences online.
Business advice
You can seek help for any business problem from our experts and read others articles too. All this and more features are made available on the net.
Spending Limit
There is no fixed spending limit for the Amex cards, so one can literally shop till he drops. No extra finance fees will be charged as long as you pay the entire balance regularly. In case you are not able to pay the bills in the same month, an extended payment period is made available for your convenience. Also the APR’s are really low as compared to the other cards in the market.
