Cool Product (RED) AmEx Card

[jaybird201]

In the UK, AmEx issues a Product (RED) credit card that donates 1% of the total amount you make in purchases. Sure, the Costco AmEx has better rewards and you could just donate 1% of the total amount you make in purchases on your own, but it definitely doesn't look as cool as the Product (RED) card...

http://www212.americanexpress.com/dsmlive/dsm/int/gb/en/personal/chooseacard/allcards/americanexpres...

[creditwherecreditisdue]

I'll pass. 1) It is a UK card. If AMEX does not issue it here how on earth would I get it. 2) It says the typical APR is 18.9%. They have to be kidding.

[jaybird201]

I wasn't suggesting someone get it (unless they're in the UK)...I was suggesting it was a cool product.

[Watchmann]

Cool like the Prius, it's good for those that like to feel good about their altruistic self, or what others feel about them.  There is a market for those types of folks, but a financial product should be judged on what it does for the cardholder.  Let the feely good aspects of giving a miniscule 1% to African charity be a distant second as to whether this card makes sense. 

[Watchmann]

---

@jaybird201 wrote:
I wasn't suggesting someone get it (unless they're in the UK)...I was suggesting it was a cool product.

---

Cool like the Prius or CFL's (light bulbs), they are good for those that like to feel good about their altruistic self, or what others feel about them.  There is a market for those types of folks, but a financial product should be judged on what it does for the cardholder.  Let the feely good aspects of giving a miniscule 1% to African charity be a distant second as to whether this card makes sense. 

[creditwherecreditisdue]

---

@jaybird201 wrote:
I wasn't suggesting someone get it (unless they're in the UK)...I was suggesting it was a cool product.

---

Unfortunately the myFICO products and forum only apply to US based persons. (Not even Candians!)

[cobra19]

What does a "cool product" mean, exactly?

[creditwherecreditisdue]

---

@cobra19 wrote:

What does a "cool product" mean, exactly?

---

---

@jaybird201 wrote:

In the UK, AmEx issues a Product (RED) credit card that donates 1% of the total amount you make in purchases. Sure, the Costco AmEx has better rewards and you could just donate 1% of the total amount you make in purchases on your own, but it definitely doesn't look as cool as the Product (RED) card...

---

Me thinks the colour <-------.

Message Edited by creditwherecreditisdue on 07-13-2009 03:20 PM

[haulingthescoreup]

"Cool" is an opinion, not a fact. Already this thread shows signs of getting argumentative over such irrelevant issues as hybrid vehicles and directed charitable giving.

The card is an interesting twist on the rewards concept, I guess. Just because it doesn't float your particular boat doesn't mean that a dismissive post is required. We have other members whose cards support guide dog programs for the blind, and breast cancer research programs.

This "your" is not directed at a specific post, btw, just the overall tone and downhill direction.

There are a lot of us getting sick and tired of the endless wrangling over silly stuff here on the CC boards, thus my Monday crankiness.

[jaybird201]

Haha, won't comment on the above except to say that a red AmEx looks way awesome.

*gets into fetal position preparing for disagreement*