American Express vs Visa
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Advantages of American Express
American Express offers more rewards and benefits.
Its cards have bonus rewards and travel benefits. -
Comparison of American Express and Visa
Amex issues cards while Visa enables payments.
Amex charges merchants more fees.
Amex caters to higher-end customers, while Visa has wider merchant acceptance. -
Eligibility and Rates
Good credit is required for American Express.
Visa has wider eligibility and lower interest rates and fees.
American Express Overview
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Special Features of American Express
Its cards offer bonus rewards and travel benefits. -
Lending and Reserves
American Express handles lending, requiring more reserves.
Most revenue is from the U.S., leading to a greater impact during economic downturns. -
Card Details
The minimum income requirement for an American Express card is $50,000 per year.
It provides dining and travel credits.
An American Express card can offer rewards points, cash back, and travel perks.
Merchant Acceptance and Cards in Circulation
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Acceptance and Market Share
More merchants accept Visa globally.
Visa has a larger market share in terms of cards in circulation, but American Express generates more revenue. -
International Acceptance and Fees
Visa is accepted at more places internationally.
American Express charges higher fees to merchants, affecting card acceptance in some locations.
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