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Who Accepts American Express Credit Cards

by Violet WillettOctober 17, 2021
Who Accepts American Express Credit Cards

Credit cards are one of the most popular means of making payments these days. The American Express card is not only accepted by many stores, but it is also the go-to credit card for travelers. The versatility of this credit card gives you access to anything from gas stations to luxury retailers.

American Express has been one of the most popular credit cards in America for many years. It is available to both consumers and small business owners, but in the past, many consumers used to encounter merchants who only accepted Visa or Mastercard — not American Express! Nevertheless, this no longer seems to be an issue because American Express has been aggressively adding millions of new locations across all 50 states each year.

If you have an American Express card, it may be tough to find merchants who accept your payment network. The reason for this has everything to do with interchange fees charged by credit card networks such as Visa and MasterCard. These fees are a percentage of each transaction that goes towards the various services they offer from processing transactions all customers’ information securely so goods can move around better within our economy. Amex charges its customers slightly higher prices when accepting foreign currencies into accounts or making overseas purchases outside America (an extra $1 for every $1000 spent).

With a unique set of rules and benefits, American Express takes advantage of its position as an interchange fee manager for credit card transactions (they charge merchants more) and issuer. As a result, Amex also makes money off the interest rates - usually 10% or higher. 

American Express is not just a credit card company, but they also provide charge cards. The holder of this type must pay off the entire statement balance each month without receiving any interest charges from them. Amex usually provides competitive rewards in exchange for higher costs than other companies, with less income coming from customers paying interest on their purchases because it relies more heavily on interchange fees - these can be as high as 28% compared to 16%. This business model comes at an expense; merchants often don’t like how much power banks have over pricing decisions when dealing exclusively through AmericanExpress since there isn’t anything stopping someone who wants better rates (or even free transactions).

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