An Amex card statement contains information about all purchases and payments for a certain credit cards issued by American Express. It can be used as proof of income or a way for the company to check on your financial standing. You have to send this statement to the company either in person, by mail, or online. This is needed annually, quarterly, or monthly and some people receive it electronically while others get it in the mail.
Generally, the amount due for the credit cards is listed on the statement along with the name of the issuer and the account number. Some monthly statements will show the due date, and the balance due for each card. There are other special game cards such as platinum cards that have their own due dates and balance amounts.
The other information included in an area statement credit limit and statement closing date is your personal information. You have to list your full name, birth date, social security number, and driver's license number if you have one. You will also need to provide proof of citizenship such as a copy of a birth certificate or a valid U.S. passport. You will also need to indicate any current standing orders with American Express such as loans, subscriptions for auto insurance, etc.
If you have high credit scores, you may qualify for the best rewards or cash advances. The best rewards or cash advances are offered to those with the highest credit scores. For those with low scores, the company offers a special incentive plan named the Platinum Level AA. In this plan, you will only be able to earn the rewards or cash advances that are aligned with your own Platinum Level credit report level.
When it comes to American Express business and the platinum-level membership Rewards Cards, you have to look at the terms and conditions and the rewards offered for your own personal use. It is not wise to use your charge cards for purchases that you would not make if you had a balanced credit card. You should also remember that the credit cards do expire. To avoid charges when the time comes, cancel your charge cards as soon as they are used. Your credit statement will show any charges that were made on your account.
You have to cancel your charge cards when you stop receiving payments from American Express. Otherwise, your statement balances will continue to increase. For example, you may have five charge card balances with American Express. When you choose to pay off these accounts, you will be shown a balance due of zero dollars. However, since the balance due will be much greater than the actual balance, you will then be shown balances that amount to ten dollars, fifteen dollars, and so on until all charge card balances have been fully paid off.
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