| Published: 24 August 2021 | Last Updated On: 25 August 2021
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Headquartered in New York, the American Express Bank is one of the best banking solutions providers across the world. The bank was established in 1850 and is popularly known as AMEX among people. AMEX has been serving its clients with the best financial services since 1977. It has a robust base of more than 500 employees best known for their top-notch customer service.
AMEX offers a wide range of banking products like bank accounts, credit cards, loans, mortgages, etc. for both individual and corporate clients. The bank is famous for its unique range of credit cards with attractive deals, discounts, and offers.
Let us take you through a brief introduction to different types of American Express Credit Cards, followed by the features and benefits of an American Express Free for Life Credit Card.
Types of American Express Credit Cards
Here are the different types of American Express credit cards.
Personal Credit Cards: American Express offers three types of personal credit cards for customers.
American Express Gold Credit Card: This American Express Credit Card comes with a minimum salary requirement of AED 15,000 and an annual fee of AED 395.
American Express Platinum Credit Card: This American Express Credit Card comes with a minimum monthly income requirement of AED 21,300 and an annual fee of AED 700.
American Express Dubai Duty-Free Credit Card: This American Express Credit Card comes with a minimum salary requirement of AED 15,000 and an annual fee of AED 175.
Corporate Credit Cards: American Express offers two types of corporate credit cards for customers.
American Express Corporate Card: The annual membership fee for this corporate credit card falls between AED 170 - AED 370 based on the number of corporate credit cards applied for.
American Express Corporate Purchasing Card: This is an American Express free for life credit card. It comes with no annual membership fee for the cardholders.
American Express Free for Life Credit Card - Corporate Purchasing Card
Corporate Purchasing Card is an American Express no annual fee credit card. Various employers in the UAE provide this credit card to their employees to process business transactions without any hassle. It levies an interest rate of 2.50 percent on the outstanding amount that is not paid by the due date.
Here are the features and benefits of the American Express Corporate Purchasing Card.
Fixed Spending Limits: This American Express Credit Card gives the freedom to businesses to set the fixed spending limits for the employees.
Expense Management: This American Express Credit Card enables corporate clients to manage and monitor their direct and indirect expenditures in an efficient way.
Fraud Monitoring System: This American Express Credit Card offers a secure fraud monitoring system to help businesses prevent misuse of the card.
Credit Card Statement: The American Express Corporate Purchasing Credit Card users get credit card statements to identify patterns of their spending and find opportunities for discounts with preferred suppliers.
Easy Auditing Processes: This American Express Credit Card offers a consolidated account statement system to help businesses view, audit, and analyze all the expenses made in a specific time duration.
Legitimate Suppliers: American Express has set up a list of permitted suppliers to effectively control the credit card used for the cardholders.
Extended Credit: This American Express Credit Card offers 60 days of extended credit for the employer.
Spending Modes: This American Express Credit Card allows cardholders to spend online, offline, over the phone, and in-person, based on their requirements.
Eligibility Criteria to Get American Express Free for Life Credit Cards
Here are a few criteria that one needs to fulfill to apply for American Express Credit Cards.
The applicant should be 21 years of age or above.
The applicant must be a UAE resident.
The applicant must meet the minimum salary requirement for their chosen American Express Credit Card.
The applicant must have a good credit score.
The applicant must be a listed employer to apply for a corporate credit card.
Documents Required to Apply for American Express Free for Life Credit Cards
Here is a list of documents required to apply for an American Express Credit Card.
Passport with Residency Visa – Original and a Copy
Emirates ID – Original and a Copy
One of these address proofs – Emirates ID, Contract of Tenancy, Utility Bill
Appointment Letter/Salary Certificate (showing annual income and designation) – Original and a Copy
Bank statement with the salary credit transaction (of last three months) – Original and a Copy
An online available Credit Bureau Consent Form – Duly Signed
How to Apply for an American Express Credit Card?
Here are the simple ways to apply for an American Express Credit Card.
Visit Online Portal: The applicants can visit the bank’s online banking portal to apply for an American Express Credit Card. They need to fill up the application form and submit it with all the other essential documents.
Visit Bank’s Branch: The applicants who don’t have access to the internet can visit the nearest branch to apply for an American Express Credit Card. They need to carry the set of all the required documents to submit the application.
American Express offers plenty of investment options and an excellent customer service experience. All the American Express Credit Cards come with their unique set of features and benefits, with incredible global deals and discounts for customers. You can visit our credit cards section anytime to find the best American Express Credit Card for yourself in minutes.
Other Banks That Offer the Free for Life Credit Card in UAE
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