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Is Amex Bonvoy Any Good? 5 Ways You Can Be Certain | amex bonvoy

Amex Bonvoy is one of the credit cards offered by American Express. It is accepted at over fifty five restaurants worldwide. The credit limit is three thousand dollars and the spending limit is eleven thousand dollars. Amex Bonvoy is good for business travelers since it has corporate expenses insurance. In case of losses, Amex compensates for them.

You have to keep in mind that there are some things you need to do in order to qualify for the American Express Bonvoy card. First, you have to be a US citizen. Second, you have to have an income of at least a hundred thousand dollars a year. Third, your credit rating should be above a seven on the scale. Fourth, you should be an active member of the homeowners' association in your area.

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You have to pay your bills on time. When you miss a payment, the card will be automatically suspended until you make payment. This is done only after the due date. Therefore, you have to be very careful with your bills.

In addition, Amex Bonvoy also offers an added bonus. It allows you to earn five percent cash back when shopping at certain merchants. Merchants that offer this five percent cash back are: BP stations, BP Maxx, BP Shoes, Sam's Club, Department Store Outlet, Office Depot, and Wal-Mart. Each of these merchants only give five percent cash back. Some of them also give additional rewards.

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As you can see, it is not hard to qualify for this card. Even so, some people think that this card is just another one of those scam schemes used by con artists to take advantage of people's good intentions. Amex Bonvoy is one of those cards that is actually good for people. This is especially true if the user follows the tips mentioned below.

First, be careful with your spending. People who do not care about what they spend will surely spend money in vain. Thus, it is important to know how much you can spend on things you really need. Before you apply for the credit card, be sure to set a limit for your purchases.

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Secondly, make sure you always pay off your bills. Debt is bad enough when left unpaid. Besides, if you do not have savings and income to pay your bills every month, then this will only make your credit card bills go higher. Also, do not buy unnecessary items that you do not need. If you find yourself in this predicament, then consider getting an additional job. The extra income can help you pay your debts off.

Last but not the least, be honest with your application. If Amex Bonvoy offers you a card, then it is probably because they think you are a responsible person who will make good payments. Do not lie to them just to get your hands on the card. They will find out and you may find yourself in serious financial problems. Therefore, be truthful at all times.

One good thing about having an Amex Bonvoy credit card is that it has special benefits. One of these benefits is airline miles. If you fly often, then this is good for you as it will allow you to save money on air tickets. This is especially good if you travel frequently between the US and Europe.

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Another good thing about this card is that it provides a reward program. This rewards program will allow you to accumulate points that can be redeemed when you shop at their stores. As the name implies, these cards come with a store and card structure. As you earn points, you will have the option to redeem them for a variety of things. It is basically like paying cash for every dollar that you spend.

The other good thing about this card is that it provides a grace period for payments. Most credit cards only allow you to make one payment per month. Bonvoy on the other hand, allows you to pay several payments throughout the year. This can become quite expensive if you happen to make all of your payment on time. Some people actually end up defaulting on this debt because they never made any payments at all.

Bonvoy's low interest rate also makes it a great credit card. Even if it is a bit more expensive than other cards out there, it is still definitely worth it. If you are looking for a new credit card, look no further than Amex. It offers you a lot of benefits and they do not force you into anything. With a little research and due diligence, you can easily find yourself owning this great card.

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