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Date Published : Tuesday, March 04, 2008
When it comes to global superpowers in the financial world, there are few bigger than American Express.
The New York-based company has become synonymous with credit cards over the last 40 years and often takes on rivals Visa and MasterCard when people compare credit cards.
Founded in 1850 in Buffalo, New York, American Express quickly went from a small bank to a major financial player. In 1854, its owners bought land in Manhattan where the world famous American Express Buildings still stand.
In the post-war period, American Express - also known as AmEx - became prevalent in travel currency and is now one of the major players in international currency exchanges.
During the 1970s, the first AmEx Diner's credit card was launched before, in the 1980s, American Express Australia was formed. Based in Sydney, the company offers a range of credit cards and is increasing its brand awareness by working with Qantas airlines and others.
As well as the basic card, a range of platinum credit cards and charge cards are offered. There is a frequent-flyer-style reward program users of AmEx and the firm offers benefits with dozens of well known Australian and international brands, many in the areas of shopping and travel. Its global financial muscle means that its credit cards are often among the best credit card offers on the market.
Although known primarily for its credit cards, AmEx also now offers a range of other financial services. Travel insurance and home loans, with benefits for users of the more premium cards, are among current offerings.
Compare credit card offers.
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