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Home Accounting Dictionary Letter A American Express Definition
 
 

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American Express Definition:

A credit card company which operates on an international basis. As the advertisements tell you, by becoming an American Express Card member, you have a world wide charge account. There are American Express travel centers in most countries to help and advise cardholders with personal and business travel problems and to provide cash in an emergency. Unlike most other credit cards, American Express Cards do not impose preset spending limits for particular transactions but, needless to say, applications are carefully vetted and there is an annual membership charge. The membership fee covers a high automatic travel accident insurance.

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