American Express Personal Financial Services - Credit Card, Loan and Investment

By: EconomyWatch   Date: 30 June 2010

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The core Content Team our economy, industry, investing and personal finance reference articles.

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The best way to manage personal finances is to opt for the American Express Personal Finance. The American Express Personal Finance offers the following financial services:

  • Deposit account services
  • Investment services
  • Loan services.
  • Credit card facility

Each of the afore mentioned services may be discussed in detail under the following heads.

  • Deposit account services: The American Express Personal Finance encourages savings by offering a number of attractive schemes. The deposit accounts may be classified into:

    1. Savings Accounts

    The American Express Personal Finance offers a free ATM cards which help in the withdrawal of money from any part of the country at any time of the day. The free phone banking system also helps to access current saving account balances from home. They also have the home banking facility, which helps to withdraw cash, request for a demand draft or request for cheque picks ups sitting at home, or office. The savings account holders receive financial statements of their account every quarter, free of charge. The demand drafts are also available at nominal rates. Free personalized chequebooks are also available for security reasons.

    The No Frills Savings Account service caters to customers who avail only the basic services attached with the savings account.

    Find out more about American Express Savings Account Rate.

    2.Term Deposits:

    Competitive rates of interest are offered for long-term deposits. The customer can also free withdraw a part of his deposit without affecting the interest rates on his remaining deposits.

     

  • Investment services: One can rest in peace by investing through the American Express Personal Finance. The American Express Investment Service gives information and access to a set of pre-screened Mutual Funds and other investment instruments. Another very renowned service that the American Express personal Finance provides is the Money + Personal Account. This service not only provides liquidity through a free ATM all over the country but also attaches all the personal financial services that the American Express provides.
     
  • Loan Services: The smartest way to get loans is through the American Express personal finance services. Personal loans are given for a variety of purposes that include buying a new computer, redecorating the office, financing child's education or marriage etc. In this way the personal savings can be kept intact. Obtaining a loan is also very simple. Whereas other banks offer loans after a long inspection process, American Express Offers loans by cheque on the spot.
     
  • Credit card facility: The American Express offers a large number credit cards each catering to a specific need.

    1. The RPM credit card not only helps in savings but also provides liquidity for the expenditures. The cardholder has the advantage of saving 10% on fuel and 50% bonus points on all expenditures made. The cardholder can pay at their own convenience. There are other services attached to this card.

    2. The American Express Gold Credit card helps to make monthly payments at low rates of interest. It offers up to 25% higher credit limit. The cardholder has the choice whether to enroll for the Cash Back program or the Membership rewards Program. The other services are the balance transfer service, premium benefits and travel service. The American Express credit cards are globally accepted. It also offers certain personalized services.

    3. The American Express E Credit card has the free for life option, automatic payment facility, paperless statements and on line customer services, on line fraud guarantee etc. Apart from the aforementioned cards, there are a variety of American Express Cards that are country specific.

 


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