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What is American Express? American Express Company commonly known as Amex is a financial services company with its head quarters in New York. The Company has major offices in various parts of The United States and in overseas countries like Canada, Australia and U.K. Handling various kinds of businesses, the company is best known for its charger card, credit card and traveller’s cheque businesses. American Express which stared issuing credit cards as early as 1958 has now made credit card business its global venture along with its various other businesses.

The first credit card with no fees of any sort was introduced by American Express and was named Clear. The latest addition of theirs to the credit card line is the Plum card for small business owners. This card provides an early pay discount of 2% or defers payment up to two months on purchases. The 2% discount is however only available for a minimum purchase of $5000.

Known by the name of Amex Canada Inc in Canada it has its Head Quarters in Markham, Ontario which is north-east of Toronto. American Express Canada has been a recipient of number of awards. Recently it was named a ‘report’ for the second time in a row on Business Top 50 Employer.

Apart from the credit card business, American Express Canada is also a leading provider of travel related services, accident protection plan, AMEX Term Life Insurance Plan. Travel mishaps like flight delays, loss of baggage, medical emergencies and trip cancellations are simply unavoidable. While these events cannot be predicted one can prepare himself/herself with the AMEX Travel assurance plan. Under this plan the above mentioned mishaps can be dealt with as follows.

• For your trip being delayed for a covered reason, your expenses will be reimbursed. • Emergency medical coverage involves emergency air ambulances, direct payment of medical bills, private duty nurses and a host of other medical services. • On Trip cancellation for a covered reason you will be reimbursed for pre-paid travel expenses and arrangements.
* For loss of personal items up to $1000 of coverage would be sanctioned and $250 for loss of government documents.

Be it a serious one or not, an Accident can affect one’s family and finances. We however can plan ahead. AMEX Accident Protection Plan helps ease the financial burden of the financial consequence of an accident by:
• Receiving benefits up to $250,000 in event of an accidental death. • Benefits over $250,000 in living benefits • Recovery benefits also include money for home modification, rehabilitation etc…

AMEX Term Life Insurance Plan helps in providing financial security that ceases the worry out of questions like ‘what if? ‘This plan helps ease the financial burden by:
• Choosing between $50,000 and $250,000 for life coverage. • • Guaranteed renewable coverage up to the age of 75. • Availability of coverage for spouses and card members. • Offering discounts for non-smokers • Doing away with medical examination normally for enrolment. What is American Express?



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