Sheraton AmEx card is
a credit card, not a charge card like AmEx Green/Gold/Platinum; you don't have to pay off the balance but you will pay interest.
Because of this interest feature, AmEx is not charging annual fee. One big downside of Sheraton AmEx along with most (if not all) reward card is high interest rate. Forget these cards if you carry balance; the high interest you pay doesn't conpensate the reward benefit you receive...
BTW, you can set up direct payment from check account and make sure you pay on time which applies to all credit cards to avoid interest payment or/and late payment.
You are careful about the payment, this is an excellent card which I had since '97. Only time I had to pay any interest was when I had to emergency cash from ATM in Paris...
Anyone have any input on how the Optima Cards are with paying??
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