Is American Express the best credit card?

American Express credit cards


I have written many times on the many benefits of using credit cards. However, one of my main reasons for using a credit card is to obtain cashback on spending I would have made anyway. 

I currently own three different cashback credit cards, all with various different benefits. I have an Aqua card that provides 0.5% cashback, a Barclaycard that provides 0.25% cashback plus 2% on my 5 biggest purchases, however, I mostly use the American Express Platinum credit card. Assuming I perform the majority of my spending on the American Express card, I can earn up to 1.25% cashback. 

Why is American Express my preferred card?

According to a recent uSwitch poll, American Express was ranked as the top credit card provider. This could be due to a number of reasons. The cashback return is very good. American Express credit cards regularly hit the top of lists of the best cashback credit cards on comparison website lists. Since January I have currently earned about £125 cashback (helped by a special introductory 5% cashback rate), for spending that I would have done anyway! However, the best thing about the particular card that I use is that it was free and there is no annual charge.

Criticism of American Express Credit cards?

I have discussed the credit card with a few people and the main criticism that I hear about American Express credit cards is the inability to use the credit card in many shops. In my opinion this is a complete myth. Do you shop in Tescos or any other the other big four supermarkets? Do you buy your petrol from a BP garage or any other well known petrol station? Do you go to VUE or Cineworld cinemas to watch the latest films? Or eat in Pizza Express or any other well known restaurant chains? Or do you shop in Boots or Topshop or any other well know retailer? My point is that unless you find a small corner shop or small, independent restaurant or retailer, most places where the average person spends their money will be able to make good use out of an American Express credit card. I was even in a very small, one-of-a-kind restaurant that only took American Express or cash!

So there you have it! Enjoy the use of a cashback credit card. Spend wisely and spend responsibly. Pay off the card in full each month. And, I think you'll find that American Express offers some of the best rates on cashback credit cards. If you're interested in American Express Cashback Credit cards search:
https://www.americanexpress.com/uk/content/credit-cards/


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9 comments

The Wallet Doctor said...

As you mentioned, I always thought that American Express wasn't widely accepted, but I think your point is well put. If you can use it at the majority of the places you conduct business, you can still benefit greatly from their system.

John @ Wild AboutFinance said...

American express very beneficial to me. bcoz If I use it I can conduct business in many places, also I can get advantage significantly from their system.

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