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What is the difference between an American express and visa card?*
ok.. I know some minor details that for American Express its an charge card and that you got to pay your charges at the end of each month.But isn't credit cards the same that you got to pay for the amount you used in each month too?kind of confused..
Answers:
1) Two different companies, that's about it, except AME you have to pay off the entire balance at the end of the month, at least that's how it used to be with them.The Visa, you would just pay a payment towards the balance while they charge you interest on the remaning balance.
2) Charge card and credit card are the same thing. American Express and Visa are two different brands of major credit cards. MasterCard and Discover are the other two most common major credit cards. Visa, MasterCard, and Discover tend to be accepted in more places than American Express.
3) A charge card means you pay the bill in full every month. There is no financing option. A credit card means that you don't have to pay the bill in full every month and they will charge you interest on the balance owed. American Express and Visa are both brand names. American Express used to be only a charge card but I believe they now offer credit cards as well. They are not as widely accepted as Visa and Mastercard, generally because the fees they charge merchants to accept them are higher. Visa started out as credit cards but now the brand is also on debit cards. I hope that answered your question.
4) here is a list of AMEX credit cards with full reviews http://www.cardlister.com/CreditCards_listX.asp?st=Issuer&sc=American+Express here is a list of Visa credit cards with full reviews http://www.cardlister.com/CreditCards_listX.asp?st=Type&sc=Visa i recommend Blue from American Express® most Introductory Rate: 0% APR for up to 15 Months APR as low as 9.99% no annual fee here is the link to the Blue from AMEX credit card http://www.cardlister.com/CreditCards_det.asp?pdid=5&id=23
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