topic Re: JetBlue ditches AMEX too. in Credit Cards

JetBlue ditches AMEX too.

Maximuss — Fri, 13 Feb 2015 21:40:05 GMT

What is going on?

http://www.bloomberg.com/news/articles/2015-02-13/jetblue-said-to-drop-card-partner-amex-for-barclays-mastercard

Re: JetBlue ditches AMEX too.

Anonymous — Fri, 13 Feb 2015 21:40:12 GMT

@Maximuss wrote:
What is going on?

Capital One and AMEX merger.

Re: JetBlue ditches AMEX too.

Maximuss — Fri, 13 Feb 2015 21:40:56 GMT

@Anonymous wrote:
@Maximuss wrote:
What is going on?
Capital One and AMEX merger.

Oh boy!!!

Re: JetBlue ditches AMEX too.

pipeguy — Fri, 13 Feb 2015 21:58:18 GMT

What's going on?

AmEx has by far the highest merchant fees (swipe + maintaince) - my guess is that these co-branded cards are finding out that the AmEx "prestige" really doesn't mean anything.

Couldn't happen to a nicer company IMO (not a fan of Amex).

Re: JetBlue ditches AMEX too.

SomeGuyOnTheWeb — Fri, 13 Feb 2015 22:02:34 GMT

@pipeguy wrote:
What's going on?

AmEx has by far the highest merchant fees (swipe + maintaince) - my guess is that these co-branded cards are finding out that the AmEx "prestige" really doesn't mean anything.

Couldn't happen to a nicer company IMO (not a fan of Amex).

You sound bitter.

But probably nothing more than a money decision.

Re: JetBlue ditches AMEX too.

Anonymous — Fri, 13 Feb 2015 22:02:39 GMT

@pipeguy wrote:
What's going on?

AmEx has by far the highest merchant fees (swipe + maintaince) - my guess is that these co-branded cards are finding out that the AmEx "prestige" really doesn't mean anything.

Couldn't happen to a nicer company IMO (not a fan of Amex).

But....you have one..

Re: JetBlue ditches AMEX too.

fedxboy — Sun, 15 Feb 2015 07:51:25 GMT

Just my luck -- I just got the JetBlue Amex like 2 weeks ago

Re: JetBlue ditches AMEX too.

gdale6 — Fri, 13 Feb 2015 22:19:54 GMT

@pipeguy wrote:
What's going on?

AmEx has by far the highest merchant fees (swipe + maintaince) - my guess is that these co-branded cards are finding out that the AmEx "prestige" really doesn't mean anything.

Couldn't happen to a nicer company IMO (not a fan of Amex).

Yup, when I had my computer business I had fees of 2% from Discover, 2.5% Visa & MC and 4% Amex, see the problem here...

Re: JetBlue ditches AMEX too.

pipeguy — Fri, 13 Feb 2015 22:26:45 GMT

@Anonymous wrote:
@pipeguy wrote:
What's going on?

AmEx has by far the highest merchant fees (swipe + maintaince) - my guess is that these co-branded cards are finding out that the AmEx "prestige" really doesn't mean anything.

Couldn't happen to a nicer company IMO (not a fan of Amex).
But....you have one..

Busted !

Yeah I do, I have one with a tiny limit, no AF and a backdate of 1978 - that doesn't make me a fan. Probably should ask for a "replacement" card once in a while since that'll cost them a few bucks.

Re: JetBlue ditches AMEX too.

Anonymous — Fri, 13 Feb 2015 22:30:13 GMT

@pipeguy wrote:
@Anonymous wrote:
@pipeguy wrote:
What's going on?

AmEx has by far the highest merchant fees (swipe + maintaince) - my guess is that these co-branded cards are finding out that the AmEx "prestige" really doesn't mean anything.

Couldn't happen to a nicer company IMO (not a fan of Amex).
But....you have one..
Busted !

Yeah I do, I have one with a tiny limit, no AF and a backdate of 1978 - that doesn't make me a fan. Probably should ask for a "replacement" card once in a while since that'll cost them a few bucks.

ED?

Re: JetBlue ditches AMEX too.

pipeguy — Fri, 13 Feb 2015 22:33:55 GMT

@Anonymous wrote:
@pipeguy wrote:
@Anonymous wrote:
@pipeguy wrote:
What's going on?

AmEx has by far the highest merchant fees (swipe + maintaince) - my guess is that these co-branded cards are finding out that the AmEx "prestige" really doesn't mean anything.

Couldn't happen to a nicer company IMO (not a fan of Amex).
But....you have one..
Busted !

Yeah I do, I have one with a tiny limit, no AF and a backdate of 1978 - that doesn't make me a fan. Probably should ask for a "replacement" card once in a while since that'll cost them a few bucks.
ED?

Original OptimaCard which used to be a Platinum Optima

Re: JetBlue ditches AMEX too.

Anonymous — Fri, 13 Feb 2015 22:35:04 GMT

@pipeguy wrote:
@Anonymous wrote:
@pipeguy wrote:
@Anonymous wrote:
@pipeguy wrote:
What's going on?

AmEx has by far the highest merchant fees (swipe + maintaince) - my guess is that these co-branded cards are finding out that the AmEx "prestige" really doesn't mean anything.

Couldn't happen to a nicer company IMO (not a fan of Amex).
But....you have one..
Busted !

Yeah I do, I have one with a tiny limit, no AF and a backdate of 1978 - that doesn't make me a fan. Probably should ask for a "replacement" card once in a while since that'll cost them a few bucks.
ED?
Original OptimaCard which used to be a Platinum Optima

Wow, Not even a rewards card.

Why so much animosity if I may ask?

Re: JetBlue ditches AMEX too.

Anonymous — Fri, 13 Feb 2015 22:36:00 GMT

Ouch Barclay......gonna have to let those 18 TU Inq over the last two years age a bit.

Re: JetBlue ditches AMEX too.

Anonymous — Fri, 13 Feb 2015 22:39:42 GMT

In my experience as a small business owner, it is more than likely a money thing. Then again, Costco, JetBlue, and AMEX are all corporations... so it goes without saying that it's a money thing. They exist for the sole purpose of making money.

AMEX cards are more expensive to process. The merchant pays for your rewards.

Re: JetBlue ditches AMEX too.

Anonymous — Fri, 13 Feb 2015 22:40:03 GMT

I'm not a huge fan of the JetBlue Amex. I wonder if they will change their reward structure a bit when they shift to Barclays. You are really only getting 2 additional points for a JetBlue purchase.

Re: JetBlue ditches AMEX too.

pipeguy — Fri, 13 Feb 2015 23:06:16 GMT

@Anonymous wrote:
Original OptimaCard which used to be a Platinum Optima
Wow, Not even a rewards card.

Why so much animosity if I may ask?

Without going into enough detail to highjack the thread, hundreds and hundreds of thousands of dollars in merchant fees, millions of dollars in spending and AmEx tosses you aside as unworthy one day. What do I think of AmEx? Think Clint Eastwood in "Unforgiven"..... but I'm not bitter

Re: JetBlue ditches AMEX too.

Anonymous — Fri, 13 Feb 2015 23:16:12 GMT

@pipeguy wrote:
@Anonymous wrote:
Original OptimaCard which used to be a Platinum Optima
Wow, Not even a rewards card.

Why so much animosity if I may ask?
Without going into enough detail to highjack the thread, hundreds and hundreds of thousands of dollars in merchant fees, millions of dollars in spending and AmEx tosses you aside as unworthy one day. What do I think of AmEx? Think Clint Eastwood in "Unforgiven"..... but I'm not bitter

lol

Re: JetBlue ditches AMEX too.

B335is — Fri, 13 Feb 2015 23:36:35 GMT

This one is interesting for me. If history is any indication, these jetBlue Amex cardholders will be converted to Barclays accts....backdating included?

Re: JetBlue ditches AMEX too.

Anomalous — Sat, 14 Feb 2015 00:02:44 GMT

What?! I was just inquiring about this card the other day. Jeez! What's really going on with AMEX?

Re: JetBlue ditches AMEX too.

northface28 — Sat, 14 Feb 2015 00:13:26 GMT

@Anonymous wrote:
@pipeguy wrote:
What's going on?

AmEx has by far the highest merchant fees (swipe + maintaince) - my guess is that these co-branded cards are finding out that the AmEx "prestige" really doesn't mean anything.

Couldn't happen to a nicer company IMO (not a fan of Amex).
But....you have one..

Good point, because you dont have a Capital One product, oh, wait...........