American Express is a very popular credit card brand that has been operating worldwide. It is a brand that is well known for its offering indifferent segments but they have a bunch of credit cards in different categories offering some premium benefits. Since the offerings are premium so there would be a cost. I have been using an American Express card for the last 6-7 years and my experience has been very good with this company in terms of support and overall offering.
Today I was checking the kind of cards they offer and I was surprised to see that they also have a card where the annual fee is almost like $800 and no doubt this is a big amount for a lot of people. It is also true that these cards are not for the normal people instead these are basically for the high net worth individuals who can afford the fee and in return they will also get something more valuable out of it.
There are even more cars offered by American Express in different categories and they must have higher fees also towards the annual charge but again if they charge something they make sure that they offer more than that which is why people like their cards and services worldwide. Their intention is not to make money this way instead whatever they make money then they make sure to give the value for more than the charge they have cost to the customer.
This is one of the credit card companies that have no free-for-life credit cards but is still their cards are on demand a lot of people are interested in having their cards since they do not give them to everyone if the criteria are not met according to them.
Thanks