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#1 |
Elitist
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
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So the radio ads for American Express always say "It helps me get back on the right track and stop getting into trouble, because it forces me to pay my bill in full each month...."
Seriously? ![]() Why not just use a regular credit card, and simply not charge more than you can pay off? This was a clever move by AmEx........Advertise to the type of people who have problems with self-discipline......The type of people who are more likely to get dinged with penalties (which, knowing AmEx, are probably big). Win for AmEx, lose for the consumer. ![]() And how much is AmEx's annual fee anyway, like $100-150? No thanks......I've never paid an annual fee for a card. Last edited by Homeslice; 12-21-2009 at 11:28 AM.. |
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#2 |
SFL Expatriate #2
Join Date: Nov 2008
Location: Raleigh, NC
Moto: CBR1000
Posts: 2,043
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I just use their Blue card and rake in the cash back. They DO have good benefits for their card holders and their customer service is by far the best available.
But I get enough benefits from the Blue card that I haven't been pursuaded switch from getting paid to use their card to paying an annual fee. |
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#3 |
AMA Supersport
Join Date: Feb 2009
Posts: 4,756
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Regular Amex cards have some other benefits that people may or may not like. Their "rewards" programs are typically better than most. They include roadside assistance for what that is worth. For most electronics purchases made with their cards Amex gives you a 1 year extended warranty at no additional cost. For people who travel a lot on business or buy a lot of electronics the benefits can easily add up to more than the fee.
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#4 |
Moto GP Star
Join Date: Nov 2008
Posts: 11,022
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I never realy understood the purpose of an AMEX card since it has to be paid at the end of the month and has an annual fee. I know some peopel use it for business and expense accounts but otherwise i never saw the use for one.
Tom |
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#5 | |
Elitist
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
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![]() Quote:
Only time I've had an AmEx was for a corporate card, and I wasn't allowed to keep any of the benefits/points anyway. |
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#6 | |
SFL Expatriate #2
Join Date: Nov 2008
Location: Raleigh, NC
Moto: CBR1000
Posts: 2,043
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Beyond $6500 it's 5% at gas stations, grocery and drug stores; 1.5% on everything else. Last year I got over $1000 back, can't complain much about that! The warranty thing is pretty standard, but the process is much simpler with AmEx vs. Citibank Mastercard. And, in my experience with the two, AmEx is much more "in your corner". That alone makes me keep using them. |
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#7 | |
Follower
Join Date: Nov 2008
Posts: 5,549
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![]() Quote:
![]() AmEx users typically don't have discipline problems, which is why they use AmEx. AmEx users are typically more affluent than you average Visa/MC user. Once upon a time, all CC's were CHARGE cards which meant that you charged money to your account and paid it off when the bill came in. AmEx, didn't invent the pay-in-full schtick, they stuck to it when the others figured out that more money was to be made in interest from suckers that have no self-discipline.
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Racing For Smiles |
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#8 |
Moto GP Star
Join Date: Feb 2008
Posts: 12,156
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I have a Am Ex card(Costo Executive card). The annual fee is $100 but I usually end up getting just over $100 back at the end of the year so the card is free really. You can carry a balance on it but I don't because the interest rate is something like 17% or even higher.
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#9 |
Custom User Title
![]() Join Date: Nov 2008
Location: Central NY
Moto: 2003 SV650S
Posts: 14,959
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My Amex is a corporate card through my company - The only reason I like it is because I can keep company expenses and personal expenses separate (all company on the Amex, all personal on my own stuff).
__________________
I'm not "fat." I'm "Enlarged to show texture." Handle every stressful situation like a DOG: If you can't eat it or hump it, pi$$ on it & walk away. |
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#10 |
Elitist
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
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They play on the radio constantly; at least here they do.
Not sure where you get this theory. I don't have discipline problems either, I pay mine off every month, yet I use Visa/MasterCard. |
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