Question: Why Does American Express Charge An Annual Fee?

What is the annual fee for American Express credit card?

a $250 annual feeAnnual fee: The card charges a $250 annual fee.

No introductory APR: Unlike many other rewards cards, The American Express Gold Card does not offer a 0% introductory rate (See Rates & Fees)..

How can I avoid paying my credit card annual fee?

The good news is that it’s possible to have a credit card with great benefits and avoid paying an annual fee.Ask for the fee to be waived. … Use your rewards to make up for the fee. … Switch to a different card. … Get a card with no annual fee. … Get a card that waives the fee. … Cancel the card.

Which American Express card has no annual fee?

Best American Express Credit Cards with No Annual Fee of 2020Credit CardsBest ForAnnual FeeBlue Cash Everyday® Card from American ExpressCash Back$0Blue from American Express® CardTravel Rewards$0American Express Blue Business Cash™ CardBusiness$0

How do I get American Express annual fee waived?

To get American Express Platinum’s annual fee waived, call the American Express retention department at 1 (800) 452-3945. State that you’re considering cancelling or switching cards because of the high annual fee.

Does American Express charge a yearly fee?

No Annual Fee Credit Cards | American Express.

Why does Amex charge higher fees?

The main reason: Compared with the other payment networks, AmEx tended to charge merchants higher interchange fees, aka “swipe fees.” When you swipe (or dip or tap) a credit card, the store pays a fee to ensure that you get charged and the store gets paid for the sale.