Although American Express has forged a tie-up with the AIR MILES rewards program to come up with the American Express AIR MILES credit card, you will continue getting the benefits provided to American Express card members.
You still get to enjoy the low interest rate of 3.99 percent on balance transfers and 16.99 percent on purchases and cash advances if you apply for the American Express AIR MILES credit card. This balance transfer rate is applicable only for the first six months. You need to make your minimum monthly payments on time though, otherwise all introductory period features like the low rate will become void, and the transferred balance will become like a normal purchase transaction, which is subject to the applicable interest rate prevailing at the time.
Remember that if you incur two separate missed payments within the introductory period, you will be charged 19.99 percent, instead of 16.99 percent, for purchases and fund advances. And, if you have at least three separate missed payments or you haven’t paid on one missed payments for at least two consecutive billing periods, expect to be slapped with a 25.99 percent charge on purchases and funds advances. You would not want to pay this much, so you ensure that you make timely payments on your American Express AIR MILES credit card.
With the American Express AIR MILES credit card, you have an option to transfer a balance: You can transfer your other credit cards bearing high interest rates into your American Express AIR MILES credit card. Although you may not earn any reward miles for transferring your balances to an American Express AIR MILES card, you will enjoy a lower monthly credit card payment, which could translate into substantial savings. Paying only one credit card bill every month saves you time.
As is the case with other American Express credit cards, the American Express AIR MILES credit card allows you to access your account on the Web anytime, anywhere. American Express guarantees a secure access, so you need not worry about compromising your American Express AIR MILES credit card account online.
Should you need supplementary an American Express AIR MILES credit cards for any of your family members who attain the age of majority, you can get these free of charge. These supplementary American Express AIR MILES credit cards do not carry an annual fee. Any rewards miles will still be credited into your account, thus, allowing you to accumulate more miles quickly.
Even if you are a busy person, you won’t have any difficulty in paying your American Express AIR MILES credit card bills. Internet banking, pre-authorized payment, and telephone banking are just some of the ways of paying your credit card bill. You also have the option to pay by sending a check through mail. You may choose to visit your local bank branch to pay in person, or you can pay at various ATMs. Note, however, that Amex Bank of Canada will credit the payment to your account only upon actual receipt.
For more information about American Express credit cards visit http://www.americanexpress.com or http://www.credit-wisdom.com
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