What does american express open mean

Use precise geolocation data. Select personalised content. Create a personalised content profile. Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads.

Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. Founded in , American Express AXP is a financial services company that is best known for its line of traveler's checks , credit cards , and charge cards. Two of its most popular cards are the Black and Platinum Cards.

Both options are charge cards which means the cardholder doesn't get charged interest but must pay the full balance when they receive the statement.

But the two have some key differences. The American Express Black card is a high-end, exclusive charge card that is only available to individuals on an invitation-only basis. Consumers may qualify for the American Express Platinum card based on their credit score and income. Keep reading to find out what each card offers and how they differ.

The American Express Black Card isn't available to just anyone. It's a charge card that's offered to high-net-worth individuals HNWIs through an invitation. This means you can't just apply to join. Also referred to as the Centurion Card, it's easy to recognize thanks to its distinctive black color and American Express Centurion.

The card itself is made of anodized titanium and weighs almost 14 grams. Getting an invitation generally depends on a number of factors. Although the card's webpage doesn't have any details on how people qualify for an invitation, we can wager a good guess based on reports and the cardholder agreement. Having enough disposable income allows the cardholder to maintain the hefty fees associated with the card.

You don't have to be as elite or nearly as much of a big spender to apply for the American Express Platinum Card. American Express is not secretive about this card as it is with the Black Card. Amex is looking to crack down on cardmembers who are purchasing large quantities of gift cards as this may resemble money laundering.

Self-Referrals: Another no-no for Amex is referring yourself for a new Amex card. When you refer a friend to an Amex card, that link allows your friend to apply for any Amex card—not just the Amex card from which you generated the referral. That means you could use your own referral link to sign up for a new Amex card. For repeat offenders, Amex may shut down your accounts.

New Restrictions? First, it seems Amex may shut you down for opening an Amex card through the wrong Amex representative or through a targeted welcome offer sent to you by Amex. However, cardmembers have now been banished from Amex for doing one or the other of what seemed an innocuous activity.

Once their accounts are closed, former Amex cardmembers have been unable to access their Membership Rewards accounts online. Some cardmembers have been able to call Amex to request a transfer of Membership Rewards points to an airline or hotel partner.

However, those transfers are limited to airline and hotel partners that were linked prior to their account being shut down. If American Express closed your accounts, you can try calling Amex to ask for reinstatement. However, affected cardmembers are reporting numerous transfers and long holds when calling Amex about their situation.

However, at least one cardholder got through to an Amex agent who was able to file a request for reinstatement. The call ended with the good news that her accounts had been reinstated, and she would receive new cards in the mail in the coming days. Her online account showed new card numbers when she logged into her Amex online account the next day.

American Express is in the process of shutting down a number of cardmembers. And many of the affected cardmembers feel that they did nothing wrong. However, whether it was signing up for a new card through a particular Amex representative or a targeted special offer, Amex came to the conclusion that these cardmembers violated their terms of use.

If you took advantage of one of these offers, you may want to take action now in case your account is targeted for closure. All Amex cardmembers can take a lesson away from this saga: Amex is aggressive with account shutdowns. As a digital nomad for nearly three years, JT's travels prove that credit card rewards can drastically reduce the cost of travel. She has visited over 45 countries and lived in Thailand, China, and Ireland where her son was born.

Her kids have over 20 stamps in their own passports. Her passion lies in showing families how to travel more while keeping their savings and sanity. Her guidebook, Disney World Hacks, is a bestseller on Amazon. Select Region. United States. United Kingdom. JT Genter, Dia Adams. Contributor, Editor. Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations.

Not all available credit card issuers or card offers are included on the site. Do you have an American Express business credit or charge card?

OPEN is a package of services, rewards, and perks that American Express offers to business cardholders. Once per calendar month you can decide to get a 5 percent discount or earn 2 additional Membership Rewards points for each eligible dollar spent when using your Amex business card for payment at participating OPEN Savings merchants. Offers vary by partner and amount of spend.