Dr Adj Redist Cadv Prin Amex Charge (2024)

FAQs

How do I avoid Amex charges? ›

If you think your statement or receipt is wrong, or if you need more information about a transfer listed on your statement or receipt, please contact us as soon as you can. Direct your inquiries to: Customer Care Telephone Number: 1-800-446-6307.

The annual fee for the American Express® Gold Card is $250.

Some American Express cards have annual fees that cost several hundred dollars. If you're on the fence about whether it's worth continuing to pay the fee, you can call and ask Amex to waive or lower it.

Canceling a Credit Card

Cancel a card with a very long history and your average credit history will decrease, which could pull down your credit score. But that's not all. Canceling a card will also increase your credit utilization ratio because you'll decrease your total available credit limit.

A word of warning: The chance of winning an American Express dispute is pretty low. The brand is famous for providing card members with outstanding service. If you do choose to fight a chargeback, there are a couple things to keep in mind. Check the submission due date for chargeback disputes.

A Charge is Disputed*

We'll work directly with the Card Member and try to resolve the case before reaching out to you. If more information is needed, you'll either receive an Inquiry or a Chargeback. Once you hear from us, you'll have 20 days to respond.

The dispute will normally take up to 6 – 8 weeks for investigation processing with the merchant. The dispute case is closed if no representment is received from the merchant within 6 to 8 weeks. Otherwise, American Express will contact the Cardmember for follow-up.

Yes, American Express does refund annual fees, as long as cardholders cancel their account within 30 days of when the fee is assessed. It's sometimes possible to get a American Express annual fee refunded due to financial hardship too.

Why is Amex annual fee so high? ›

The main reason why Amex cards are so expensive is that many American Express credit cards offer generous rewards rates and high-end perks, which warrant steep annual fees.

Amex charges the annual fee on your Card anniversary date. So if you opened your Gold Card on March 10, the fee will be charged that day and every March 10 going forward – as long as your account is open.

The reason behind this is simple—American Express charges merchants a higher fee than competitors do. To be clear, all credit card issuers charge merchants fees in order to accept their credit cards, yet some card issuers choose to charge a higher fee than others.

But passing on credit card fees to customers is legal in the majority of the U.S. Whether or not a merchant can charge them boils down to local laws and the parameters provided by payment processing networks. Being familiar with the restrictions in your area is important to ensure you aren't overcharged.

The cost of a surcharge

According to the Reserve Bank of Australia's cost estimates, here's what you can expect to pay: Visa and Mastercard credit cards: 1% – 1.5% Visa and Mastercard debit cards: 0.5% – 1%. American Express credit cards: 2% – 3%

You can get the annual fee waived on The Platinum Card® from American Express exclusively for Morgan Stanley* if you have the Morgan Stanley Platinum CashPlus account, which also comes with unlimited ATM fee rebates and is FDIC-insured.

You can avoid interest payments by choosing to repay the full balance by the date specified. You can view your balance and your payment due date by logging into the American Express^® App or your Online Account. A payment due date will be generated once your statement is available.

You can earn Reward Dollars with our no annual fee Blue Cash Everyday® Card and Cash Magnet® Card.

The main reason why Amex cards are so expensive is that many American Express credit cards offer generous rewards rates and high-end perks, which warrant steep annual fees.