Название категории

American express certificates of deposit

Guide to Using Your AmEx Card at Online Poker Sites

American express certificates of deposit

AMEX is simply the gold standard of credit cards. Known the world over and available in 130 countries, American Express is built on a foundation of service, sustainability and viability.

With so many poker players turning to their American Express card for poker deposits, here is everything you need to know about using AMEX online. Find out about transaction times and signing up to a poker room, and take our reviews team's tips about the best poker sites available to you and your card.

Stick right here to find out:

  • Which poker sites accept American Express for deposits
  • How to use AMEX even if the site doesn’t support it
  • How you can double-dip on poker site and other bonuses with American Express

If you want to get started right away, our top rated American Express site for September 2017 is 888 Poker .

Why you’ll love paying and playing with AMEX

Considering the reputation of excellence and reliability, we believe you will find that when using your American Express at one of our recommended sites, you made the right choice. Count on speed, security, safety and a smooth experience. Some of the benefits of being an online poker player and an AMEX cardholder include: typically higher credit limits, virtually no fees, and a great rewards program.

But the truth is that just a handful of online poker sites that take American Express. This is largely due to the banking regulations in the United States of America. Fortunately, there are a few very reputable sites that are accepting AMEX, and more will begin to accept them in the future. Our team of experts has come together to identify those safe, secure and trustworthy AMEX online poker sites and AMEX casinos.

How do we choose the sites we recommend?

  • We like to see a rewarding sign up bonus
  • Transactions for real money gambling are fast and secure
  • We choose sites with the latest software and excellent gaming

As the largest card issuer in the world, being used in 130 countries, there are many players who would like to use their cards to make a deposit in a poker room that takes American Express. Unfortunately, for the moment internet poker using American Express is tricky, as you will not always find a poker site that accepts American Express (this is true within the U.S. and outside of it). So you may have to look into using a different deposit method if your chosen site does not support AMEX.

Why Make Deposits for Internet Poker Using American Express?

Though finding a site accepting American Express for deposits is rarer compared with those supported by Visa and MasterCard, there are still benefits of choosing American Express to make a deposit. Online poker with American Express is very safe. Payments made are highly secure. Excellent security systems are in place to protect against fraud, while AMEX has a customer service team working 24/7 which you can contact if you are having trouble making a deposit. With certain cashback credit cards, you can receive up to 5% cashback on deposits of up to Ј2,500.

How to use AMEX for online poker even if a poker site doesn’t accept it?

If a poker site claims they don’t take American Express, you can still use your AMEX to play. There are a few different routes you can take to get up and running:

  1. Buy a Visa or MasterCard prepaid card. You can do this at almost any local convenience store. So if AMEX is the only card you have, you won’t be left out in the cold.
  2. Use a 3rd party payment service, like an eWallet. Doing so let’s you fund your account with a card of your choosing, and many services let you use American Express.
  3. Buy a voucher at the store. You can buy cash vouchers at some local grocery and convenience stores with your AMEX, and then use those vouchers to deposit to your account.

Double Dip on bonuses with AMEX Poker Sites

Using your American Express has its advantages. Perhaps you earn airline points each time you use your card. Or maybe you earn Reward Points from AMEX that you can use for almost anything. By depositing using your American Express, you could earn incentives each time you charge your card.

First, there’s the credit card incentives you’ll earn from AMEX. And second, there’s the bonuses you’ll earn from the online poker site. Be sure to check with the site before depositing. Some poker rooms might consider credit card charges a cash advance, so you might not qualify for points.

Making Your Deposits At A Poker Site That Accepts American Express

  1. Register for an American Express credit or debit card either online at www.americanexpress.com or in-branch. To those living outside the U.S., various international banks are partners with AMEX (Lloyds Bank in the UK and NAB in Australia) so you can still register for a card if you are not a resident of the U.S.A.
  2. Once you have found a suitable online poker site that takes American Express, go to the cashier section and pick AMEX as your payment option.
  3. A form will be provided for you to enter your account number, security code and expiration date to complete the deposit process.
  4. Check you have entered everything correctly and submit. Welcome to online poker with American Express!

Is it easy to use AMEX on popular poker sites?

Using your card on our preferred AMEX poker sites is easy. The hardest thing facing you is which poker game will you play today? Choose one of the recommended sites, register by providing your information, and make a payment just as if you are buying music to download onto your iPhone and go. It is that easy. Real cash money and USD in your wallet.

What is the best way to play using AMEX?

Choosing the best way to play online poker is really based upon what your favorite electronic device is. For many, sitting in their homes with a larger monitor helps them navigate many tables at once. Others really enjoy using their Mac laptops. Increasingly, poker players are falling in love with the ability to play on the go with their iPhones, Smartphones or iPads. There can be a downside to the on-the-go devices and that is the screens are often too small to play multiple tables at once. If you do choose to go mobile, make sure you have downloaded the required apps. American Express has a very useful app and you don’t want to leave home without it.

How is AMEX compared to other method of payments?

When it comes to speed and security, there is very little out there that is safer than credit cards. American Express is world renown for their rewards program and low to no fees imposed upon cardholders. Other e-wallets and digital forms of payment are also safe, but require a few more set-up steps. Often times there are additional fees that can add up quickly and keep your bankroll a little leaner than it could have been. Every dollar counts and real money poker players in the US can rest assured that their dollars are welcome by way of the many different methods available.

You can rest assured that your details are safe. Our recommended online poker sites that accept American Express are guaranteed safe. AMEX is a name you can trust. It is as easy as picking up your cell phone and calling a friend.

Following a win, do I withdraw using the same card details?

Withdrawing your real cash winnings will require a bit of a different path. This is really where the alternative methods of payment come into play. Let the online poker site pay you your winnings through an e-wallet, bank transfers, and other forms of payment.

How does it compare to platforms like PayPal/Skrill?

There are quite a few differences between using PayPal or Skrill and a credit card like AMEX. Let’s look at PayPal. PayPal is not available to online poker players in the US. Skrill is a safe and reliable method, but there are additional charges associated with its use. It is also in many ways a middleman in that in order to use it, you still have to transfer money from your bank account or credit card. With AMEX, it is just a matter of entering your information and then get to the action.

Choosing a Certificate of Deposit (CD) vs. a Savings Account

A certificate of deposit (CD) is a form of investment offered by banks, brokers and credit unions that are one of the best risk-free way to invest your money. Most certificates of deposit offer a fixed interest rate and require one to keep their investment in the CD for a predetermined amount for them to reach maturity. Generally three months to five years. One of the best aspects of a CD is that the interest is compounded until they reach maturity, meaning you will be earning interest on interest. Much like savings accounts, most CD's are FDIC or NCUA insured, and offer smaller returns than more high-risk investments such as a stock portfolio. The majority of CD's require a minimum deposit of up to five thousand dollars. The more money you invest combined with the length of time till maturity, are the main deciding factors in what your interest rate will be. The only downside to a certificate of deposit is that in most cases your money must be kept in the CD until it reaches maturity, otherwise you will be faced with substantial penalties which could be high enough to where you end up losing money. Thus you should only invest in CD's if you know you will not need to withdraw the investment for unforeseen reasons down the line.

Traditional Certificate Of Deposit

These are the most common type of CD used, and offer a fixed rate of return that makes them easy to understand and manage. Most traditional CD's require little to no minimum deposit, and can range from three months to five years for maturity. These are a wise choice for first timers and those wanting a simplified and risk-free investment.

Variable Rate Certificate Of Deposit

A variable rate CD will leave you more exposed to risk, but generally offer a higher interest rate than a traditional CD. The way they differ from a traditional CD is that your interest rate is tied to market indexes. Which means you are betting on the market favoring you over the time it takes for your CD to reach maturity.

Callable Certificate Of Deposit

Callable CD's offer a higher than normal return due to the bank's ability to 'call' back your investment after a predetermined amount of time if they feel the investment is no longer in their favor.

This form of CD differs from others by the account holders ability to increase the CD's interest rate one time. This is a great way to invest in CD's if you feel that interest rates will increase after your initial investment and you want to take advantage of that change.

Step up/Step Down Certificate Of Deposit

Much like Bump up CD's, a step up/down CD will have a changing interest rate. But with this form of CD it starts off as a fixed rate, and after a set amount of time is either raised or lowered to a predetermined rate for the duration of the CD.

These CD's are offered at a heavily discounted price due to the extremely long maturity time of up to twenty years. And unlike most certificates of deposit, interest is not paid until the CD has reached maturity.

A Liquid CD is ideal for those who know they may need to withdraw funds from the CD at some point during the term. Most will still have some restrictions as to when, how much and how often you can withdraw funds.

Add on CD's are exactly as they sound. You may add more to your CD down the road, though some restrictions will apply. Such as a minimum additional deposit, and may require a waiting period before you may do so.

Brokered Certificate Of Deposit

Brokered CD's are managed by brokerage firms that sell large sum CD's to multiple investors who take a share of the CD. Due to the larger overall investment by the group, interest rates can be substantially higher than if you were to invest on your own.

Savings accounts are by far the easiest way to safely store your money while also paying interest on your deposit. They are FDIC insured up to one hundred thousand dollars, and allow for withdraw of funds at anytime. Making them the best option for those who do not know if they could keep their money in a CD until it reaches maturity.

The downside to this form of investing is that it is pretty much the lowest return possible due to it being entirely risk free, and with the ability to withdraw funds at anytime.

A recent addition to savings accounts is the 'online only' accounts which will pay a slightly higher interest rate but lack in person customer service.

Choosing a Certificate of Deposit (CD) vs. a Savings Account

There are several key factors to take into consideration when deciding between a certificate of deposit (CD) vs. a savings account. There are also a number of different types of CDs to choose from, depending on what the customer’'s specific needs for the money will be.

If you will need to withdraw funds from this investment from time to time, a CD is not the best choice and a savings account is the better choice. If you are willing to take any risks for larger profits, variable rate brokered or callable certificates of deposit are better choices than a savings account.

If you can wait for a long time for a CD to mature, a zero coupon or bump up CD is the best choice. If you can only wait for a CD to mature for the short term, these are not the best financial choices. If there is a chance that you will need to withdraw funds from the CD before it matures, don’t choose a traditional fixed rate certificate of deposit. Instead, choose a liquid CD.

One-Year Standard Fixed Rate of CD and Savings Accounts

Discover CDs pay an APR of 1.75 percent and the APY is 1.73 percent. The minimum balance is $2,500. American Express CDs pay an APR of 1.50 percent and the APY is 1.49 percent. The minimum balance is $0. Capital One CDs pay an APR of 1.75 percent and the APY is 1.73 percent. The minimum balance is $5,000. AIG CDs pay an APR of 1.60 percent and the APY is 1.59 percent. The minimum balance is $2,500. Bank of America CDs pay an APR of 1.10 percent and the APY is 1.09 percent. The minimum balance is $1,000.

Discover savings accounts pay an APR of 1.00 percent and the APY is 1.00 percent. The minimum balance is $2,500. American Express savings accounts pay an APR of 1.50 percent and the APY is 1.49 percent. The minimum balance is $0. Capital One savings accounts pay an APR of 0.55 percent and the APY is 0.54 percent. The minimum balance is $0. AIG savings accounts pay an APR of 1.30 percent and the APY is 1.29 percent. The minimum balance is $10,000. Bank of America savings accounts pay an APR of 1.10 percent and the APY is 1.09 percent. The minimum balance is $300.

Sign up for our FREE weekly newsletter to get the financial tools and advice you need to grow your bank account.