How to use American Express GOLD Charge Card?
ricky_72749 asked:
Someone referred me to “OPEN Business Network” by American Express, where I wanted to apply for my first business credit card.
The Application was successful, but now in the mail when I got the Gold card, it does not have any ‘spending limit’ and it turned out to be a Charge card and if I decide to activate, I have to pay US$125 per year. Amex Rep says that I can use the card for even 10,000 purchase, but I have to pay the FULL amount back within month.
Which means, I cannot pay minimum etc, like traditional credit cards. My question is that how does this kind of charge cards helps small businesses and for what reason one will go for a charge card with no spending limit, but yet so many restrictions.
Any help will be appreciated.
Thanks,
Someone referred me to “OPEN Business Network” by American Express, where I wanted to apply for my first business credit card.
The Application was successful, but now in the mail when I got the Gold card, it does not have any ‘spending limit’ and it turned out to be a Charge card and if I decide to activate, I have to pay US$125 per year. Amex Rep says that I can use the card for even 10,000 purchase, but I have to pay the FULL amount back within month.
Which means, I cannot pay minimum etc, like traditional credit cards. My question is that how does this kind of charge cards helps small businesses and for what reason one will go for a charge card with no spending limit, but yet so many restrictions.
Any help will be appreciated.
Thanks,
Ricky
Norma
