First Lowe's now this...UGH!!! My two fav AmEx biz cards gone in the same year... this sucks!
@ocheosa wrote:First Lowe's now this...UGH!!! My two fav AmEx biz cards gone in the same year... this sucks!
Yeah I thought the same, I had the Lowe's Business card and closed it before it moved to Synchrony. Now they are about to move my Amazon Business card, too, but I have accounts with US Bank already so not as big of a deal. I'm more interested in what kind of changes there will be, if any. I liked the Amex Amazon business card just the way it was, nice card, easy to use and redeem, Amex app and customer support are great.
I’m not sure if this is a good thing or not, but I got an email from Amex this morning saying the business card is moving over to U.S. Bank. I'm guessing the portfolio sucked for them. A few years ago (because of this forum), I got a business card with Citi Costco and realized how easy it was to get business credit through my “side gig.” It’s nice having a “secret” card that doesn’t report to your personal credit and gives you an extra 30 days to pay (meaning I didn’t have to pay it off before the statement cycle closed). I have a pretty strong relationship with Amex on the personal side and have picked up a few business cards (Gold, Amazon, and Marriott), all with decent limits.
US Bank is in my opinion the better issuer. I however might be biased because of the high number of accounts that they hold for me. Their main thing is that once your in with US Bank then it gets much easier to get them to do stuff for you. In your case the transfer will be your entry into the new system if you do not already have US Bank product. I can say that I have used my US Bank cards in multiple countries and none have ever let me down. My region does not have branches but US Bank has lots of processing contracts that make charge response fast. For example my state uses them for EBT processing so when I run my card a lot of terminals know where to send the charge. I think in your case the contract was ending and US Bank was just more greedy for business so they offered Amazon a better deal. Think of it as a learning experience. It is well known that Amazon and Chase were doing chats behind the scenes for the Visa card contract in the past year or two and in the end there was a renewal. I think Synchrony Bank might have had chats before that. That is the thing with co-brand cards, eventually they will move around.
What does "In certain situations your card may NOT be replaced with a credit card by US Bank" ???
@4sallypat wrote:What does "In certain situations your card may NOT be replaced with a credit card by US Bank" ???
Likely if you burnt US Bank or credit doesn't meet US Bank UW criteria. I think most will be fine but got to have disclaimers for everything for whatever reason they might not want to issue you a card but believe majority will be fine. Have 2 personal cards and a business card with them so not worried at all about the conversion although not happy about it as AMEX was simple and easy with no redemption minimums and amex offers, etc, etc. Deffinetly will be a slight downgrade for me
