What fees are associated with American Express business cards?
Asked 4 months ago
American Express - Business Services offers a variety of business credit cards, and the fees associated with these cards can depend on the specific card type, as well as the terms and benefits that come with it. One common fee that business owners may encounter is the annual fee, which can vary significantly from card to card. Some cards might have no annual fee, while others could have fees that exceed several hundred dollars, particularly if they offer premium rewards or benefits.
In addition to the annual fee, cardholders may also face fees related to late payments or returned payments. It is important to pay attention to the interest rates that apply if the balance is not paid in full each month, as these rates can also be relatively high compared to other forms of credit.
Foreign transaction fees may apply if a cardholder uses the business card for purchases in a foreign currency or while traveling outside of the United States. However, some American Express business cards are designed to waive these fees, particularly those targeted at frequent travelers.
Lastly, there may be additional fees for cash advances or other specific services. For the most accurate and detailed information about fees associated with a specific business card, it is advisable to refer to the current web page containing the terms and conditions of that card.
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