Today, American Express is an extremely prominent banking entity in the United States and worldwide. The company is present in 130 countries and is famous for its credit cards.
AmEx offers different card options tailored to customers’ funds and needs, but how many American Express cards can a single user have?
In the U.S. payment system, it is very common to pay by credit, and it is because of this that many Americans choose to have several credit cards to live more comfortably and achieve timely payments.
Because of the economic system, allowances, checks, and different types of accounts are also very common. American Express provides many of these services to help Americans.
How many AmEx cards can one customer have?
American Express offers the option for the same user to be issued several cards. However, it is not an unlimited number, nor is it so extensive. Currently, the same person can have up to 5 American Express cards simultaneously.
However, this number does not include purchasing cards. Therefore, it is possible to have 5 AmEx credit cards and, at the same time, have other types of purchasing cards, such as the American Express Platinum.
Types of American Express cards
When choosing the cards you want, it is important to know that American Express has different types of credit cards, specifically nine cards with different funds and purchase cards with different funds and limitations.
Credit Cards vs. Purchasing Cards
Credit cards are a quick solution for payments where the bank lends you money to make purchases when you do not have cash or funds in a debit account; the bank allows you to pay the debt periodically or in a single payment. However, credit cards have a limited amount of funds to spend.
That is why there are different types of credit cards. At the end of the month, the bank gives a bank statement of what is owed on the card.
If the debt is not paid on time, the bank will start to generate extra interest, so the customer will have to pay more than they spent. Also, since it has a limit, the card will not go through if the user exceeds it.
For purchasing cards, the balance obtained has to be paid at the end of the month as well. However, they differ from credit cards because purchasing cards do not have a pre-established standard limit for the amount that can be spent.
This means that when acquiring a purchase card, not everyone has the same limits on the bottom line. Limits will vary with spending patterns, month-end balance payment history, and overall credit history.
Purchasing cards give more extensive financial freedom than credit cards, but both help ease your creditor’s financial life.
American Express credit cards are recognized for their benefits and payment facilities worldwide. In addition, different types of cards adjust to each user’s needs or financial situation. Some of the cards available are Gold Elite Credit Card, Platinum Credit Card, and the Basic Credit Card. In addition, AmEx has travel cards.
AmEx is widely accepted for international use, and the local currency ($) is used when paying the balance.
Another benefit is the accumulation of miles through the use of an AmEx and also the points obtained through its Membership Rewards with Payback, which is an exclusive system of American Express; when collecting enough points; these can be exchanged for technological items, jewelry, household items, accessories or the travel miles themselves.
Perhaps the most remarkable point of the purchase cards is the lack of a limit of funds, but remember that the limit will be established according to each user. It helps to have the financial freedom to have greater purchasing power, but the user must pay the full balance each month.
One of the benefits that come with these cards is that no interest is paid when skipping the payment deadline at the end of the month. The debt must still be paid; however, interest will not be added per day; even so, there is still a penalty if the debt is not paid in full.
Just like a credit card, purchase cards generate points every time they are used. Since they do not have a limit, the possibility of acquiring more points also increases considerably faster; the more you consume, the more points you earn.
Like with the other card type, these points can be credited as travel miles and redeemed on other items.
Both cards are different, and depending on what the customer is looking for, they will decide which one best suits their economic situation, but what is certain is that both of these card types offer several financial benefits and attractive shopping opportunities.
Remember that if you do not know what type of card or which fund to buy, the American Express financial institution allows the same user to have more than one card.
The condition to comply with the rule is to demonstrate financial solvency to keep several working cards without the risk of overdrawing them and losing the card and money for the entity.