American Express, or AMEX, is one of the most recognisable names in the financial world. What many customers who have MasterCard or Visa credit cards in their wallet are interested in, is what is the difference between these two companies and American Express.

American Express decided to take MasterCard and VISA on directly by offering its own line of credit cards. These "blue" cards have been such a hit with consumers that the admired financial giant is now offering four different blue cards from which consumers can choose. Each American Express blue card is different, so let's take a look at just what makes each one so special.

American Express has been the choice of credit cards for businesses everywhere since they first rose to prominence in the early eighties. They offer several cards for business purposes, but for our article here we will just take a look at three of the best.

Generally speaking, when you hold a travel credit card, you would be subjected to rather hefty annual fees, blackout dates, expiry dates and capacity-control restrictions. In some instances who you travel with, and who you book through are subject to conditions too.

The American Express AIR MILES credit card allows you carry a balance every month. If you are a good payer, your credit limit could be set at a level of up to twenty-five thousand dollars. The minimum credit limit for an American Express AIR MILES credit card is one-thousand dollars.

Some consumers shy away from American Express Credit Cards because they perceive the notion that they are not accepted as widely as Mastercard and Visa. This is true. Your American Express credit card should rarely be a consumer's only credit card.

American Express is giving you the ability to purchase as much as you want (or your credit line will allow you to!) without paying a drop of interest for 55 days. Many credit cards try and hammer you with high interest rates and tough fees- not the Gold Card. Buy as much or as little as you would like and you won't have to pay but the minimum for 55 days.

I was grateful to those who invented the credit card in the beginning, but then my gratitude turned into anger and disgust. This rapid transformation is all related to the APRs of credit cards. I am annoyed by the fact that interest rates are constantly increasing.

American Express Credit Cards offer you a way to ease this tension and minimize errors. Whenever you use your American Express Card for a transaction it is automatically represented in a monthly statement. This enables you to easily update your books using the all-inclusive statement of your credit card showing all of the transaction details.