Credit Card Center Advertiser Disclosure†
09-09-2012 11:06 AM
09-09-2012 11:13 AM
The difference is the issuer. With an AMEX card from AMEX, (like a amex prg or a BCP or something) you're just getting a card that is both issued by amex, and part of the amex network. If you get a USAA amex, you're getting a card that is on the amex network, and then issued by USAA. It may have a different reward structure (I don't think it earns MR points and stuff like that), but (AFAIK) the benefits of the card should be the same. Like 0 liability protection, roadside assistance and stuff like that.
Hope this helps
09-09-2012 12:50 PM - edited 09-09-2012 12:52 PM
AMEX is a network. There is also an AMEX bank. Most AMEX network cards are issued by AMEX bank, but this one is issued by USAA. Both the network and the issuing bank (along with the merchants acquiring bank) get part of the fees charged to the merchant when you swipe the card, with most of it going to the issuing bank. It's the issuing bank that is on the hook should you not uphold your end of the bargain and pay them for a transaction.
Cards in the other networks (visa/mastercard) are issued by many different banks. Discover network cards are issued mostly by Discover bank but some (like the Walmart card) are issued by other banks like GE.
09-09-2012 01:19 PM
09-09-2012 01:48 PM
Backdating does not apply to network cards (USAA,BofA,Macy's).
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.