AMEX

Definition of AMEX

American Express (AMEX) is a financial services company that provides credit cards, charge cards, traveler’s cheques, and other financial products and services to individuals and businesses. It was first established in 1850 as an express delivery company in New York, and later shifted its focus to financial services.

AMEX is known for its premium credit cards and charge cards that offer exclusive benefits and rewards programs. It also offers a range of other financial products, including personal loans, savings accounts, and insurance policies.

One of the unique features of AMEX cards is that the company generally requires full payment of the balance each month, rather than allowing cardholders to carry a balance and accrue interest over time. This can be beneficial for those who want to avoid accruing debt and want to stay on top of their finances.

Additionally, AMEX is well-regarded for its customer service, which is often ranked among the best in the industry. The company offers 24/7 customer support and provides a range of resources and tools to help customers manage their finances and make the most of their AMEX products.

In summary, AMEX is a financial services company that provides credit cards, charge cards, and other financial products and services to individuals and businesses. It is known for offering premium cards with exclusive benefits and rewards programs, requiring full payment each month, and providing top-notch customer service.