You might are thinking why we have written charge card instead of credit card? But let me clear you that the card provided by American Express is a charge card and not a credit card. Most of the people here in India think that they only have different names, nothing much. But wait! this can not be true.
There is a difference between charge card and credit card. In credit cards you have a prescribed limit, you can only spend the limit allotted to you.
But in charged cards there is no pre-limit, you can spend according to your requirement, but it doesn’t allow you to convert your spendings to EMIs or move on just by paying minimum dues.
American Express Charge Card
American Express Charge Cards are designed to enhance every aspect of your rich life, such as air miles, hotel accommodation, and shopping vouchers. They also provides elite tier membership, hotel room upgrades, access to exclusive benefits, and much more. All you are required to do to is to earn these amazing rewards by simply using the card.
|First Year fee : Rs.1,000 plus applicable taxes|
|Second Year onwards : Rs.4,500 plus applicable taxes|
|Earn 1 Membership RP every Rs.50 spent.|
|Enjoy the flexibility to redeem your Points from over 500+ exciting redemption options. Including leading airlines and hotels, electronics and more.|
|You can redeem points against the fabulous 18 and 24 Karat Gold Collection|
For working individual
|Should be over 18 years of age|
|Should have a good credit history and no defaults in re-payment|
|Annual Income is required to be more than 6 lakhs|
For self employed individuals
|The company has been in working mode from more than 12 months|
|Should have current residential address in India|
Enjoy access to noteworthy travel benefits under The Hotel Collection. Enjoy a room upgrade ; as per availability, and a US$100 hotel credit when you stay two continuous nights at 400+ hotels worldwide.
American Express Dining Offers
You can get benefits upto 20% every time you select to dine with a dining partner.
Services provided to gold card holders
|24X7 Card Related Assistance|
|Zero lost Card liability|
|Emergency Card Replacement|
|Two Supplementary Gold Cards at no additional cost.|
American express cards are not accepted everywhere and this is one of the biggest drawbacks this has. Most of the merchants don’t accept Amex cards. Few who accept charges a fee that is higher as compared to visa and mastercard holders. So you’re suggested to check the acceptability of the card and also try to keep any backup card in case, if required.
What is the credit limit on my Credit Card?
Credit card limit is known to you when the card is issued. Also you can refer to your credit statement for checking credit limit
What happens when I temporarily block my card?
On blocking card temporarily you are not able to make any transactions via it. However, all your EMI’s and bills associated with the card is payable by you.
Can I use my card abroad ?
3.5% of foreign transaction fee is levied on using charge card abroad.