american express card types
There are two different types of American Express cards. There are American Express charge cards and American Express credit cards. The charge card gives you an unsecured line of credit that you must pay off in full every month and requires an annual membership fee of $50.
The company is best known for its credit card, charge card, and traveler's cheque businesses. In 2016, credit cards using the American Express network accounted for 22.9% of the total dollar volume of credit card transactions in the US.