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Senior Contributor
Open123
Posts: 4,194
Registered: ‎02-23-2011
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Re: Do customers really move to other places if Amex can't be used?

[ Edited ]

HiLine wrote:

I never knew Sam's Club had wine tasting events, to be honest :smileywink:


Neither do I, was just joking around.  

 

Just wanted to offer what I thought was a comical example (hope the Sam's Club and Costco aficionados don't take offense).  Truth be told, I don't frequent either place often, mainly because I can't get pass the membership fees.

 

PS - I use my friend's membership when I need stuff.

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NonSufficientFunds
Posts: 332
Registered: ‎04-09-2013
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Re: Do customers really move to other places if Amex can't be used?


Open123 wrote:

HiLine wrote:

I never knew Sam's Club had wine tasting events, to be honest :smileywink:


I can't get pass the membership fees.

 


If you could get over the $55 membership fee at Costco, you can get the TrueEarnings American Express Card for NO annual fee.

Senior Contributor
Open123
Posts: 4,194
Registered: ‎02-23-2011
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Re: Do customers really move to other places if Amex can't be used?


NonSufficientFunds wrote:

Open123 wrote:

HiLine wrote:

I never knew Sam's Club had wine tasting events, to be honest :smileywink:


I can't get pass the membership fees.

 


If you could get over the $55 membership fee at Costco, you can get the TrueEarnings American Express Card for NO annual fee.


I thought about this, actually.  

 

For Costco, I would much rather use my SPG or Bus Blue than the Costco card.  So, I would only use the Costco card for the gas bonus at 4%, assuming I get the business version.  For me, there are better dedicated gas cards without the Costco pump restriction.

 

So, to break even with opportunity cost (could spend the initial $5k on spg with my friend's membership, if I were to ever spend that much at Costco) on my membership, at 1% (1.5% executive membership) I'd have to spend around $10k at Costco.  I'll never come close to that since I only purchase volume consumer staples, e.g. paper towels, garbarge bags, $5 roast chickens.

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ilovelisa
Posts: 420
Registered: ‎12-07-2012
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Re: Do customers really move to other places if Amex can't be used?

Do you get the same protection, extended warranty, and easy dispute process from the Dillard's Amex, even though it is issued by GE?

Amex BCE $4,800 | BofA Power Rewards WMC $10,000 | Chase Freedom VS $10,000 | Chase Marriott Premier VS $5,000 | DCU $1,000 | Discover It $1,900 | Elan VS $9,000 | Local CU Visa $3,500 | PenFed Platinum Rewards VS $5,000 | SallieMae Rewards $8,000
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w20031424
Posts: 360
Registered: ‎10-17-2012
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Re: Do customers really move to other places if Amex can't be used?

[ Edited ]

jsucool76 wrote:

android01 wrote:

tinuviel wrote:

The hair salon I frequent is a small business that doesn't take Amex. I like my stylist and she does a good job. I just use my Visa, no big deal. I care far more about the service that I receive than about the payment method, especially when I have an easy option readily available.


Bingo!  I've never really understood why people discriminate so.  Who cares if AMEX or Discover is not accepted?  My guess is that most of us have a Visa or MC we could use? A lot of small businesses don't even take checks anymore.  The payment method is the last thing on my mind when I'm buying some goods or services.  If I get what I want or need, then it doesn't matter how its paid for.  


My opinion on the whole thing is, people think amex is "exclusive" and like to pay for stuff with it as often as possible to look "cool." When a place doesn't accept amex, I feel like many people would get upset and be like "why don't you accept amex" so that they can get angry and let everyone in the store know that they have an amex, and are therefore better than everyone else. :smileytongue: 

 

I grew up in boca raton, and this would happen a lot :smileyvery-happy: 


I can imagine how embarassed it is If you grap a Centurion card out of your wallet and tried to pay for whatever you buy, and the salesman tells you"Sorry, Sir. We don't take American Exprese". :smileyvery-happy:

 

Though in reality, I would ask them first if I didn't see Amex Logo along with Visa/Mastercard ones to avoid such scenario.

 

 

Fide Amex 15K | Barclays Reward 3.5K | Citi Forward Student 5K | Discover IT 12.8K | US Cash Reward 6K | GE Paypal 5.5K | Wal Discover 6K | CapOne 3.5K | Kohl's 0.3K
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HiLine
Posts: 3,092
Registered: ‎10-19-2012
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Re: Do customers really move to other places if Amex can't be used?


ilovelisa wrote:

Do you get the same protection, extended warranty, and easy dispute process from the Dillard's Amex, even though it is issued by GE?


Not the same dispute process. In terms of extended warranty and price protection, I'll have to look. I happen to have the Visa version and the Amex version of the same card; I will take a look at the T&C's and report back. 

In general though, issued by Amex <<<<<<<<<<<<<>>>>>>>>>> processed by Amex

There are only about 30 credit card products issued by Amex but hundres if not thousands processed by Amex. 

Established Contributor
JonStur
Posts: 905
Registered: ‎12-25-2010
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Re: Do customers really move to other places if Amex can't be used?

Out of my 14 cards I only carry 4 on a day-to-day basis, my BCE, Cash+, Wally Discover, Discover or Freedom depending on the quarter I'm in. As far as I'm concerned all my bases are covered...


Starting Score: TU 686 EX 641 EQ 690
Current Score: TU 779 EX 767 EQ 740
Goal Score: 800 Club

BCE $12.5K, 5/3 Sig $10K, Wally Discover 10K, Cash+ $9K Sam's Discover 10K, Freedom $6K, Zales $5.5K, More $5K, Cap one $5K, Barclay 2.5K, Household Plat $1.5K, Household Gold $1.5K, Credit One $1K, First Premier Plat $.675K First Premier Gold $.65K
Valued Contributor
TiggerDat
Posts: 1,063
Registered: ‎10-15-2011
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Re: Do customers really move to other places if Amex can't be used?

When I started reading this I thought you meant: Do people who have Amex cards move to another home if their Amex card is not widely accepted near where they live.



Rethink every purchase you make, before you make it. Use the card with the best rewards. Pay in full each month. Redeem rewards often. Use the cards online shopping for more discounts. Smile, knowing that being thrifty allows you to actually get more out of the same amount of money!
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HiLine
Posts: 3,092
Registered: ‎10-19-2012
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Re: Do customers really move to other places if Amex can't be used?

If I lived in a place where Amex is not widely accepted I've gotta be living on Mars. Will definitely move, yes.

Frequent Contributor
w20031424
Posts: 360
Registered: ‎10-17-2012
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Re: Do customers really move to other places if Amex can't be used?


bernhardtra wrote:

When I started reading this I thought you meant: Do people who have Amex cards move to another home if their Amex card is not widely accepted near where they live.


I'm thinking about moving to FL because lenders tend to pull TU there :smileyhappy:

Fide Amex 15K | Barclays Reward 3.5K | Citi Forward Student 5K | Discover IT 12.8K | US Cash Reward 6K | GE Paypal 5.5K | Wal Discover 6K | CapOne 3.5K | Kohl's 0.3K

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