American Express recently announced it would begin accepting condominium down payments to its cardholders. This could end up being one of the most significant new wrinkles added to the real estate industry in years. This program was brought about by the success American Express had in accepting recurring payments in the luxury rental market in New York starting in 2003. If this program takes hold and goes nation wide it will simplify how consumers of real estate put their deposits in escrow. Imagine the rewards you could earn by charging large deposits on you American Express cards. That is very appealing to consumers these days with just about everyone looking to maximize their money. Hopefully in the very near future, you will be able to put a down payment for a Sunny Isles condo on your American Express card.

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