My very first credit card-Gold Card From BOA- is about to expire next month. It was the most pointless card I ever got: I had to pay to receive the card and it had no rewards plan. Oh well at that time I had no credit, so that’s probably the only card I could have gotten. Because it’s expiring I want to get another card to replace it.  There were two things that I considered when looking for a card: Rewards and spending limit.

 Right now, I’m using my debit card to pay for my affiliate marketing, because my limit isn’t high enough on my card cards. That becomes a big hassle: I get quite a few charges a month and have to deposit money every few days. To solve this problem, I looked for a card that has very flexible credit. Luckily, American Express has charge cards, which don’t have a preset spending limit, but you usually have to pay it off within one month; otherwise, they charge pretty high APR rates. Now to solve the second part of my problem-need rewards- I looked into the “ONE” charge card. Not only does this card have a no preset…

So an AMEX consultant gave a presentation in my marketing class: She told us all about the different ways they promote their cards and the difference between a charge and credit card.

What are the different types of Amex cards?

Gold

Green

Platinum

Centurion “black card”, funny thing about this card is that it was made because people were asking about it. In the 1980’s people started rumors about AMEX actually having a black card. It wasn’t until 1999, that AMEX decided to make one. You can’t get this card unless you already have an AMEX platinum and spend 350,000+ a year on it. This card is by invitation only. The AMEX consultant told me that they don’t even market this card based on reason: It markets itself based on image and people having the self-conception that they must need it to become  a real baller.

 Whats the differences? The big difference in these cards is the annual fee. All the charge cards Green-Centurion have annual fee. The Centurion’s fee is 3500 per year and a 7500 initiation free. Also the spending…