American Express has been one of the country's leading financial services providers since it started offering banking products in the early 1900s. The brand is best known for its exclusive credit card which was launched in 1958 and is still regarded as a premier payment option to this day.
Given the popularity of American Express, or "Amex" as it's sometimes known, many online casinos accept it as a payment method. To help you find the best places to play, our experts have evaluated and reviewed dozens of available options. After crunching the numbers, we've created our list of the top American Express casinos available to Michigan players.
American Express is a financial services company that offers credit cards, corporate cards, and business cards. Within the context of online casinos, we'll be discussing American Express as a credit card company, as these are the only cards that can be used to make casino transactions.
The first American Express credit card was launched in 1958 and in the years since the company has offered a variety of products that players can use for their online casino transactions. These products include the Platinum Card, the Rewards Credit Card, and the Cashback Everyday Credit Card.
Credit cards essentially offer short-term loans that allow you to make purchases without having the funds in your account. As a credit card company, American Express gives you a certain amount of credit that you can use per month. At the end of the month, you must pay back the amount you've borrowed in full, or you will be charged interest.
Some gambling regulators have banned the use of credit cards and other credit facilities for online gambling in an effort to protect vulnerable players.
Getting an American Express credit card is an involved process that can take over a week to complete. Only players who are eligible for a card can receive one, so we recommend trying to determine whether you'll be accepted before you apply.
Once you're ready to start the process, you can follow along with our step-by-step guide below:
As soon as your application has been processed, your American Express card will be posted to you.
Like other credit card providers, American Express is typically only available as a deposit option at most US casinos.
Once you've received your American Express card, making a deposit is simple. Check out our walkthrough below to ensure your Amex casino deposit experience is as smooth as possible.
As soon as your deposit has been processed, your funds will be available in your casino account.
As American Express is a credit card company, withdrawals from an online casino to your Amex card are extremely rare. This is due to the significant fees that service providers charge for credit card withdrawals.
To cash out your winnings, you must choose an alternative payment option, such as a bank transfer or wire transfer. The list of available options will vary depending on your casino.
American Express will not charge you fees for making a deposit at an online casino. However, if your site allows credit card withdrawals via American Express, there will likely be a significant fee, so factor this into your decision when cashing out.
Deposits are processed immediately with Amex, while any withdrawals may take 3-5 working days, depending on your casino's processing times.
Our research has shown that American Express has a number of benefits when being used for casino transactions, but there are some downsides that should be considered before making your decision.
It offers fast and secure deposits at a number of US-based casinos.
American Express cards are easy to use, making them a convenient option for US players.
The payment gateway system is fully encrypted, ensuring that your transactions are secure.
There is a 24/7 support team on hand to assist you if you have any issues.
Some casinos in the US do not accept American Express.
The majority of sites do not allow you to withdraw via American Express.
You cannot claim Amex rewards when making casino deposits.To sum up, American Express is a decent payment option for Michigan residents. The payment provider offers a fast, secure, and convenient way to fund your online casino account. Many of the top casinos offer American Express deposits, giving you multiple options when choosing where to play.
That being said, the lack of withdrawal availability can be inconvenient when cashing out your winnings, so be prepared for this eventuality before making your first deposit at an Amex online casino.
