Credit Card Benefits

Looking for a simple, secure way to make everyday payments?
Or maybe just a little help with a big purchase?
A Credit Card offers a convenient line of credit, helping you make worldwide purchases, cash free.

What are the benefits of a Credit Card?

 

Card Members could enjoy purchase protection, boosted buying power and more. Whether you’re set on building your credit score, extending your cashflow or want to get more out of your spending, there may be a Card to suit your lifestyle.

Use a Credit Card to build credit

 

When you use a Credit Card well, you could show lenders you’re financially responsible. Using your Card regularly and making repayments on time helps you build your credit and create a strong credit score.



Boost your spending power

 

Used responsibly, a Credit Card can help you increase your spending power. That means, when it comes to making big-ticket purchases, you can pay back the balance over time in manageable monthly instalments. Interest charges will apply if you don’t pay the closing balance in full each month. What’s more, those larger transactions earn you rewards points (or Cashback if you hold a Cashback Credit Card), so you can enjoy even more great Credit Card benefits.



Benefit from Credit Card rewards

 

Earning rewards each time you spend is a popular benefit offered with some Credit Cards.


With an American Express® Rewards Card, you can earn rewards points on purchases. Membership Rewards points can be redeemed for holidays, shopping, or even special experiences like theatre or gig tickets.

 

  • Collect Frequent Flyer Points 
    Earn Frequent Flyer points on every purchase with our Travel Rewards Credit Cards. These can be redeemed for flights, hotel bookings and car hire. Some Credit Cards even offer luxury benefits, such as travel insurance and complimentary lounge access.

    American Express Cards are the ultimate travel companion – accepted across the globe and improving your travel experience, wherever you’re going.

Feel secure with Credit Card protection

 

At American Express, we’re dedicated to keeping you safe. Online safety protection, fraud alerts and Account monitoring mean you can shop confidently, knowing we’ve got your back.


Some cards also offer 90-day Card Purchase Cover1, so you can rest assured we’ll reimburse you if your eligible item is stolen or damaged within 90 days of purchase.


Benefit from Credit Card insurance

 

Selected American Express Cards come with domestic and international Travel Insurance, Card Purchase Cover, and Smartphone Screen Cover1.

Find out more about what insurance is included with your American Express Card.

Disadvantages of owning a Credit Card

 

Keeping on top of your Account is key to making the most of your Credit Card’s benefits. Spending more than you have, missing payments and neglecting your Account could result in disadvantages such as:

The possibility of getting into debt

 

If you don’t use your Card responsibly, you might end up spending more than you usually would and piling up Credit Card debt that you’re unable to pay off.

Additional fees and charges

 

Depending on your type of Card there may be extra charges if you miss a payment, withdraw cash or exceed your credit limit. Remember to repay your monthly balance regularly and on time to avoid interest rates on borrowed money.

A negatively impacted credit score

 

Missed payments resulting in additional charges can damage your credit rating and your borrowing power in the future. Set up Direct Debits to stay on top of your repayments and improve your credit score.

Find the right Credit Card to suit your lifestyle

 

Discover more about our range of Cards – including Charge Cards and Credit Cards – and find out more about how to apply here.