My American Express Blue Cash is by far the best card I have... I love when you make a payment it is instantly credited to your account in Credit Available. Then the money is taken out of your account a couple days later, but if you want to make a purchase you can just check your credit available, and make a payment everyday if you want.. I love that.
Of course like most of the people on this forum that are completely Anti-American Express, my CL was decreased from $6200 to $900, because I ran up high utilization on my other cards. Now most of these people are pissed at American Express for looking at their credit Report and saying, "This person shouldn't be authorized $8000, when they already have $12000 in credit card debt." Now go figure a company would want to limit it's liability!! They gave me a good interest rate 11.9% considering my fico was 670 (equifax) when I changed rebate plans. In all they have done me alright. I would rate them as one of the top credit card companies.
I have a Bank of America Credit Card, and thought they were ok at first, but not anymore. I'm waiting for my other cards to age a little bit, and then Bank of America gets the axe. Bank of American Credit Cards are actually managed by a company call FIA.
So I'm in search of the best cards I can get, and just be happy with a couple good companies.
People may not think about this but you're in business with whoever company's card you use. They make money because you use their card, so even though they extend you credit. It really should be a beneficial relationship for both parties.
USAA has a great card, because they treat their customers well, and don't have really high interest rates. Mine are at 11.9%.
American Express is at the top.
I'm hoping to get a discover card in the next year. I think their rebate program is better than American Express, but I want to find out myself...
Message Edited by matheinas on 02-18-2009 04:23 PM
