How Do You Accumulate Points With An American Express Card?
American Express reward points can be a double-edged sword. Skillful accumulation can provide significant savings on daily needs, like gas and groceries, or luxuries, like travel and designer items. A haphazard approach, however, could leave you paying massive interest rates or expensive annual fees for no more of a payoff than a $50 gift certificate once a year. There are a few tricks you can use to accumulate points from your American Express credit card quickly and wisely. Select and apply for one of American Express’ card offerings that yield reward points. Use the comparison chart (see Resources) to evaluate which card best fits your spending and reward habits. American Express reward cards include the Blue product, which accumulates points more slowly but comes with no annual fee, and the Gold, Green and Platinum versions that allow for faster accumulation but come with an annual fee of up to several hundred dollars. If you don’t plan to spend much on the credit card, opt for the
