American Express Personal Loans:
American Express Personal Loans is a viable option for some borrowers who qualify. They are also a good choice if you’re looking to consolidate existing credit card debt as Amex is among the few banks. That will pay off your other’s creditors directly if you acquire an American Express Personal Loans. But if you don’t have a lot of credit or are already a high-interest rate credit user. American Express may not be the best option for you.
Cards Offers:
Credit union American Express Platinum card offers the option to borrow up to $7500 on personal loans but with a higher interest rate than that offered by American Express. It is also possible to withdraw money from your account. American Express Personal Loans can be used to pay for car repairs, tuition fees, child’s college costs, or even for home improvements. They can also be used for debt consolidation.
Loan Offers:
American Express offers many different types of unsecured personal loans but the majority of them require collateral. Collateral can be in the form of cash, jewelry, electronics, or even real estate property. Amex personal loans do not require collateral so if you have less than the market value of your home to offer as collateral, you will still qualify. This is one reason why the American Express Platinum card has been a popular choice amongst cardholders. You can make the payment online using your credit card or you can make a regular, once-a-month payment.
Benefits:
The benefits of the American Express Platinum card are its no-interest period and the rewards program that comes with it. The no-interest period enables you to enjoy shopping at popular malls and stores without having to pay a higher interest rate. And once you have finished paying off the loan, you will get the rewards. Some of the rewards American Express gives include air miles, cashback, and other discounts. In addition, all these benefits come free with personal loans.
The rewards and air miles programs are available on all personal loans but you will only be able to take advantage of these if you apply for the Platinum card. You can choose to take advantage of the rewards by increasing your spending or you can simply use it to reduce your interest rate. American Express Platinum cardholders have a very low default rate and they do not earn any points. If you borrow $100 and you pay it back within the next twelve months, you will qualify for the benefit.
Cardholder Benefits:
American Express cardholders also have another choice when it comes to the repayment of the loan: use it to consolidate debt. Consolidation is the process of combining numerous monthly payments into one. By doing this, you will be able to have lower monthly payments and you will save money by having just one payment to make. To apply for the American Express consolidate credit cards, you just need to visit their official website. And fill up the application form. After that, you will be asked to submit all the necessary documents.
American Express offers three kinds of credit cards to cardholders. These are the Gold, Silver, and Platinum cards. The cardholders who apply online for the personal loans will have an easier application process since they are considered non-charged clients. Creditworthiness will not consider an important factor for the approval of the application process.
The application process is a lot simpler when the card members use websites that offer instant approval credit cards. The application process is faster because they are provided with several loan options. When the application is complete, you can expect to receive an email containing the following information. Your name, address, phone number, social security number, driver’s license number, EIN, employer, and the duration of the loans. The interest rates differ depending on the type of loan and the lender that you choose. The 3,500 and 25,000 dollar loans have higher interest rates than the other ones.
