Know Everything about the American Express Business Card. How to Apply, Charges and Fees?

American Express (Amex) is a well-known financial services company that offers a range of credit cards to businesses and individuals in the UK. One of their popular offerings is the American Express Business Card, which provides a range of benefits and services to help businesses manage their finances more effectively. In this article, we’ll take a closer look at the American Express Business Card, including how to apply, the charges associated with the card, and what makes it an attractive option for businesses in the UK.

What is the American Express Business Card?

The American Express Business Card is a credit card designed specifically for businesses. It offers a range of benefits and services that help businesses manage their finances, including rewards programs, cash back, and more. With the card, businesses can earn rewards on eligible purchases, receive exclusive access to events and experiences, and enjoy added peace of mind with 24/7 customer service and protection against fraud and theft.

How to Apply for the American Express Business Card?

Applying for the American Express Business Card is a simple and straightforward process. Business owners can visit the American Express website and fill out an online application form. They will be required to provide information about their business, including their company name, business address, and contact details. They will also need to provide information about their financial status, including their annual revenue, number of employees, and time in business.

Once the application is submitted, American Express will conduct a credit check and make a decision on the application within a few days. If the application is approved, the business owner will receive their card in the mail and can start using it right away.

Charges Associated with the American Express Business Card

There are several charges associated with the American Express Business Card, including:

Annual Fee: The American Express Business Card has an annual fee, which is usually between £50 and £250 depending on the card type.

Interest Rates: The interest rate on the American Express Business Card can vary, but is usually higher than other credit cards. Business owners who carry a balance on their cards may incur interest charges.

Cash Advance Fees: If a business owner uses their American Express Business Card to withdraw cash, they will be charged a cash advance fee, which is usually a percentage of the amount withdrawn.

Balance Transfer Fees: If a business owner transfers a balance from another credit card to their American Express Business Card, they will be charged a balance transfer fee, which is usually a percentage of the amount transferred.

Why Choose the American Express Business Card?

The American Express Business Card offers a range of benefits and services that make it an attractive option for businesses in the UK. Some of the key benefits include:

Rewards Programs: The American Express Business Card offers a rewards program that allows businesses to earn rewards on eligible purchases. These rewards can be redeemed for a variety of items, including travel, merchandise, and more.

Cash Back: The American Express Business Card also offers cash back on eligible purchases, which can be a great way for businesses to save money on everyday expenses.

Exclusive Access: Businesses that hold the American Express Business Card may receive exclusive access to events, experiences, and other benefits that are not available to the general public.

24/7 Customer Service: American Express offers 24/7 customer service to help businesses with any questions or issues they may have.

Fraud and Theft Protection: American Express provides protection against fraud and theft, so businesses can have peace of mind knowing their finances are protected.

Conclusion

In conclusion, the American Express Business Card is a great option for businesses in the UK who are looking for a credit card with a range of benefits and services to help them manage their finances more effectively.

With rewards programs, cash back, exclusive access to events and experiences, 24/7 customer service, and protection against fraud and theft, the American Express Business Card offers a comprehensive suite of benefits that can help businesses save time and money. While there are associated charges, such as an annual fees, interest rates, cash advance fees, and balance transfer fees, these are common with most credit cards. Overall, the American Express Business Card is a valuable financial tool for businesses in the UK and is worth considering for those looking to take control of their finances.