Amex has recently joined the growing number of credit card companies who are offering Apple Pay. What exactly is Apple Pay? It is a service that allows an authorized user of an Amex debit card to make purchases online using his debit card. The purchase can be made anywhere cards are accepted, which includes selected retailers, select gas stations, selected restaurants, and select grocery stores. The process is simple. You choose where you would like to make your purchase, simply insert your debit card, and your purchase is completed!
One of the best things about this service is the flexibility it provides. If you travel a lot, or plan to go on vacation, you don't need to carry around extra cash. In fact, if you use this card frequently, you can usually get an unlimited amount in savings. This means you won't have to spend all of your vacation money on your plastic card!
One downside to using an Amex card for purchases online is the fact that you won't be able to charge items with a bank card. With this limitation it can be more difficult to order takeout or a new outfit for work. However, most people find this satisfactory as it prevents them from having to carry around yet another cache device. After all, isn't convenience a good thing?
For those who use their credit card often, having access to Apple Pay will allow them to stay organized. As long as they remember to input their payment information only when they check out, it is easy to prevent forgetting a bill. Since Amex will keep track of everything, no one will need to know when you pay off your balance.
One of the best things about this card is the fact that it allows you to pay bills right from your phone. When you receive a phone call from an Amex customer service representative, they can give you directions to your card's location. You don't have to take time out of your busy day to go to a retail location. With the iPhone, all it takes is a few seconds and you can complete a cash payment.
It is important to remember that even though this application may seem ideal, it does have some limitations. The first is the fact that it only pays cash on approved credit purchases. If you do not have a lot of credit, this could prove difficult. This is especially true since the limit is per transaction. Therefore, if you do not use this card very much, you could wind up paying quite a bit of money each month. Fortunately, however, the amount will not be very high.
Another limitation is that there are only a few services available at the iPhone app. Therefore, it is important that you apply for the card online in order to be prepared when the time comes. Since it will take several days for the funds to post to your account, you should apply for the card as soon as possible. In addition, this means that you may have to wait until the money is actually in your bank account before you can actually use it.
On the bright side, Amex Apple Pays does offer some added benefits. For example, they have a rewards program where you can earn up to two free gifts with any purchase. There are also a number of savings opportunities. If you shop at a particular store, you may be eligible for a percentage off of your next purchase. These benefits make this card very attractive for people who want extra spending power with their cards, but do not want to sacrifice too many benefits.