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Do you use American Express card?
- Thread starter skyrider007
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I don't have one because my Visa has an insanely low fixed APR. My wife and I rarely use it and only if we have to.
AMEX has a bad reputation, which they are now trying to fix, because it used to have membership fees and the APR's weren't that great. The plus was that they offered really great services which is why it was known as a business card. Of course now they have different tiers of service and cards without membership fees.
AMEX has a bad reputation, which they are now trying to fix, because it used to have membership fees and the APR's weren't that great. The plus was that they offered really great services which is why it was known as a business card. Of course now they have different tiers of service and cards without membership fees.
I have the Blue one that I use for all major purchases. The warranty extension and buyer protection program is enough for me. The way they handled the iPhone price drop was awesome as well. Just a quick phone call and the difference was credited back. Excellent customer service!
37XX card. Up to $12K a month in expenses (company paid). Loves me some Membership Rewards points!
Yes I have one, company supplied, and I loathe it.
Too many places don't accept Amex.
The problem is the discount.
You may not know this, but when you use a credit card, not only do you pay interest on the purchase amount, but the card company DISCOUNTS the purchase to the vendor! If you buy $100 at a store and use a Visa, Visa only pays the store around $96.00, ( old information, discounts may have changed).
The problem with Amex is that while Visa/mastercard may discount 3-4%. Amex discounts 7-8%.
That's why so many small establishments take V/MC, but not Amex.
So when you lay out that Amex, know you're screwing the vendor.
Too many places don't accept Amex.
The problem is the discount.
You may not know this, but when you use a credit card, not only do you pay interest on the purchase amount, but the card company DISCOUNTS the purchase to the vendor! If you buy $100 at a store and use a Visa, Visa only pays the store around $96.00, ( old information, discounts may have changed).
The problem with Amex is that while Visa/mastercard may discount 3-4%. Amex discounts 7-8%.
That's why so many small establishments take V/MC, but not Amex.
So when you lay out that Amex, know you're screwing the vendor.
They are hated over here (UK) by pretty much every shop so they are practically useless.
Edit:
Apparently it is 2.5% and 5% respectively here and why the shops do not take them.
Edit:
Apparently it is 2.5% and 5% respectively here and why the shops do not take them.
Hmm thats interesting. When I was in London come to think of it, I never really saw the option for Amex at shops... paid MasterCard for mostly everything. Is there a reason why they are loathed in the UK?
I edited my post, but basically they charge twice as much as the other cards. This information is a few years old as I no longer work in retail.
Not current and not in America, should've made that abundantly clear, sorry.
A guy at my work was paying with an AmEx card, and he told me he gets 5% back at years end for all purchases he makes with the card.
I've got a visa/debit card, but if/when I ever get a real credit card, I'd definitely look into AmEX
I've got a visa/debit card, but if/when I ever get a real credit card, I'd definitely look into AmEX
The not in the USA was very clear. I assumed you're info was more current than my 1988 info
But I thought you were unemployed?
Yes, but that pays quite well in Greenland.
I AM the Beast Squad!
Well it is but that info was from around 2002 so could well be outdated by now.
I use Visa.
I have had a personal AMEX card for many years.
Now you can use AMEX most places that accept credit cards.
Intersting. Never heard of that version.
Over the years, I've seen it change quite a bit in Asia.
Now you can use AMEX most places that accept credit cards.
3 VISA card... one debet for every day use and two credit cards, mostly for online purchases...
American Express and Diner's are totally worthless here in Norway... I used to have a MasterCard debet card, though, but my current bank prefers VISA so by proxy, so do I...
American Express and Diner's are totally worthless here in Norway... I used to have a MasterCard debet card, though, but my current bank prefers VISA so by proxy, so do I...