The American Express OPEN program is a new financial network offered by American Express. It is specifically designed to cater to entrepreneurs who have small businesses. This program employs a business team that aims to find financial resources and other benefits that will definitely help small business owners in saving money and expanding their business opportunities.

American Express OPEN was created to support many business owners. The dedicated team of financers and creditors provides flexibility, purchasing power, control and various rewards for its customers. It helps small business customers to gain control over the products that they need, the tools that they use, and the services that they often utilize in their business processes. They provide convenient access to working capital matched with enhanced online account management capabilities.

In essence, you can avail of the prime offers of the OPEN program if you get Business Cards from American Express Small Business. In addition to that, you can also access the OPEN Savings program. This built-in feature allows the card holders to automatically save some of their money as rebates when making purchases with affiliated and participating companies.

The OPEN program is offered through a wide array of credit cards by the American Express Small Business system. These cards are designed differently in order to meet the various needs of entrepreneurs and business men when it comes to cash rebates, card benefits, airline mile rewards, travel rewards, and other privileges. For example, the OPEN program allows its card holders to save a lot on travel and hotel accommodation expenses with Delta and Hyatt Hotels and Resorts.

Among the most notable business cards under the American OPEN Small Business program is the American Express SimplyCash Business card. Through this card, you can earn a 5% cash rebate on your various business expenses such as office supplies, wireless services, and gas expenses. As for the other expenses that you charge, you will get a full 1% cash rebate. These cash backs and rebates will automatically be deducted from your monthly installments and interest rates.

The American Express SimplyCash Business Card also provides you with flexible payment terms. You can pay in full every month, or you can also opt to carry your balance from one month to the next. Aside from the rebates and rewards, what’s good about this card is the fact that you can easily track all of your business expenses through the use of the online account manager which has expenses reporting options.

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Blue from American Express

This credit card grants its cardholders with an opportunity to design their own set of privileges and responsibilities. If you get this card, you can choose between paying in full on a monthly basis and paying overtime. You can also choose which rewards system will be applied to your card for every dollar that you spend. You can earn points through your everyday purchases but you can earn even more points if you shop online at the American Express Bonus Points Mall. Setting up an automated bills payment for your household utilities will also let you earn double rewards. You can redeem all the points that you earn and use it for travel expenses, leisure and entertainment experiences, merchandise purchases, and more.

What’s good about this credit card is introductory offer. It has a Zero APR for all your purchases that you make for the first twelve months of your card use. There are also no annual fees applied. As for the balance transfer rate, there will be an APR of 2.99% for the first year. However, standard APR rates will be applied thereafter. Blue also offers express approval. If you apply now, you can get their feedback in a minute.

Clear from American Express

Just like the Blue Card, the Clear credit card also has flexible payment terms. You can choose to pay in full every month and you can also carry a balance. American Express also makes sure that you receive payment due reminders. Aside from the usual rewards and points that you will get for every dollar you spend through the card, you will also get the American Express branded shopping card that amounts to $25 every time your expenses reach $2,500. This shopping card will be delivered right on your doorstep.

The Clear credit card also offers no fees. You won’t have to worry about annual fees or missed payment fees. Even exceeding the credit limit of your card will not incur you any fees. There are also no cash advance fees. For the first 12 months of your card use, you will get a Zero APR matched with a 3.99% balance transfer rate. After the first year however, your rates can be as low as 8.99% or as high as 18.99%.

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Basically, there are three major varieties of American Express cards. The first of which are the “charge cards”. Charge cards are perfect for people who are capable of paying for their full balances on a monthly basis. As for “credit cards”, they provide their cardholders with an option to carry on the card balances from one month to another. Last but not the least; the “partner cards” provide the card holder with the chance to earn benefits from the partner companies of American Express. Users of partner cards also have more flexibility with regards to payment terms.

The American Express Blue Card

There is a wide selection or categorization and surely, there is a certain type of American Express card that will fit every individual. If you want a balance transfer credit card, then the American Express Blue is just right for you. This card will allow you to transfer all your outstanding balances to a new account with a very low interest rate of 4.99%. Moreover, if you are qualified for one of the reward programs based on your credit rating, you can avail of the introductory offer that provides zero APR for up to 15 months.

The Business Rewards Gold Card

If you are looking for a specialized card that will meet your business transactions, American Express offers the Business Rewards Gold Card that presents a great rewards program. It also has no credit limits topped with a Zero APR for its introductory period.

American Express Blue Sky Card

If you travel a lot, then you might as well avail of the American Express Blue Sky card or the Starwood Preferred Guest card. Another card that you should consider is the Blue Cash which features a 5% cash rebate topped with zero percent APR for the first six months of use. The Simply Cash Business Card is also a prime offer as it provides 5% cash back on expenses for gas, office supplies, utility services and more.

Aside from the above mentioned American Express credit cards, there are more varieties that offer great reward programs. Each of them will allow the cardholders to garner reward points from almost everything that they purchase using their card- from traveling, shopping, dining, and while having some fun and entertainment. All of these cards are offered with a high level of security in order to protect the consumers from fraud and identity theft.

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• Your current credit score
• Your credit history
• Your employment status (working/student)
• Any current loans

These factors interplay differently. Nevertheless, they all contribute to your application’s chance of getting approved.

Your Credit Score

When applying for an American Express credit card, it is important that you have a good credit score. The company highly values this factor just like other credit companies. The FICO score, which was developed by the Fair Isaac Corporation, is the most frequently used scoring system.

The scores have a range of 300-850. Average people get a rating within 600 to 700. Getting a higher score than this would be better. Most lenders, including American Express, consider FICO scores above 750 as good and are a sign of the applicant being in good financial health. However, having a score lower than 600 signifies high risk for AMEX and can lead them to charging the applicant higher rates, or denying the application outright.

Your Credit History

American Express would also likely check on your credit history. This is equally related with your present score since this shows that you are to be trusted and responsible with paying your debts on time. Having a bad credit history, especially with cases of evasion, would definitely slim down your chances of getting your AMEX card approved.

Your Employment Status

Your status whether you are working or not also matters. It is possible for you to be approved for a card even if you are a student. However, the card that you may get would probably have a lower credit limit. Nevertheless, having work would be a huge factor, especially if you have a high paying job.

Presence of Current Loans

Having a loan at the moment, such as mortgages, would negatively affect your application. This is especially true if you just had a property repossessed. This indicates poor financial health and can lead to disapproval of your AMEX application.

Varied Category

American Express has different kinds of cards. Your approval would highly depend on the type of card that you are applying. Generally, the Blue Cash account is the easiest to apply for, while their Gold Accounts would be the hardest to get.

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