American Express cards are issued by American Express, a publicly traded financial services company, and are payment cards, credit cards, or prepaid cards.
An American Express card, also referred to as an “Amex” card, may offer a variety of benefits, including reward points, cash back, and travel benefits. Some cards are joint, for example, with Delta and Hilton.
American Express is one of the few card companies with a network to process card payments. Visa and Mastercard have processing networks but do not issue cards.
The average outstanding balance refers to the unpaid portion of any term, installment, revolving or credit card debt that earns interest over a specified period of time.
The minimum monthly payment is the smallest amount of money a borrower can pay on a revolving credit account each month and still be in good standing with the credit card company.
The annual interest rate on a credit card is the annual interest rate that is applied monthly, i.e. the monthly amount charged on the account is one twelfth of the annual annual interest rate.