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Having Amex is not COMPULSORY - and why I have one

Scamp
Valued Contributor

Re: Having Amex is not COMPULSORY - and why I have one

Great post, MV.
 
Thanks for reminding me why I got mine in the first place, too (similar reasons to yours), and why I need to grit my teeth and tough it out through my own 'training wheels' phase of dealing with them. Smiley Very Happy
 
 
 
 
_____________________________________________________________________________
It's never too late to become the person you might have been. ~George Eliot

02/12/09 EX: 701 / 02/08/10 EQ: 719 / 02/08/10 TU: 723

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Message 11 of 55
UpUpUp
Valued Contributor

Re: Having Amex is not COMPULSORY - and why I have one



cheddar wrote:


UpUpUp wrote:


Does the Costco Amex actually report as Amex? I thought it reported and was handled through the card issuing bank? Thus, you would not be entitled to a lof the benefits with exception to the actual cards rewards program. Is that correct? I'm still trying to figure out the difference.


The Costco Amex is issued by Amex the bank, so yes, it reports as Amex.
 
FWIW, the Amex benefits like purchase protections and extended warranty coverage apply to any card that uses the Amex network and carries the Amex logo, even those issued by other banks.


Message Edited by cheddar on 07-25-2008 09:58 AM

Ahhhhhh.....for some reason I was under the impression that it was basically any old card with the Amex logo on it. So, basically you do get all the benefits minus the concierge and the possible F/R?


Message Edited by UpUpUp on 07-25-2008 02:55 PM
Message 12 of 55
MsKiwi
Established Contributor

Re: Having Amex is not COMPULSORY - and why I have one



MidnightVoice wrote:


haulingthescoreup wrote:
I'm all in favor of pointing out the shallow sandbars and riptides of every card. We all need to be educated consumers, research the fire out of any card or company we're interested, and pay heed to what we read. Some cards need to be handled with more caution than others, and they're worth it for a long-term relationship.


Absolutely agreed - but we need to look at both the plus and minus sides of the equation when we make our choices.  I don't want to be FR'd by Amex, but if I am I will just send in the paperwork and be done with it.  I won't be surprised - it is all part of the deal with them.  And they do not have a monoply!!


I agree with your first post and this post as well.
Message 13 of 55
KingAdrock
Established Contributor

Re: Having Amex is not COMPULSORY - and why I have one

I absolutely agree MV. If you really really want an Amex card but don't want to deal with the strangeness of Amex company, you can always get one from someone else. (BofA, Citi, USAA etc) That's what I did.
Message 14 of 55
Solarjuju
Frequent Contributor

Re: Having Amex is not COMPULSORY - and why I have one

Ahhhhhh.....for some reason I was under the impression that it was basically any old card with the Amex logo on it. So, basically you do get all the benefits minus the concierge and the possible F/R?





Yeah, something like that. It also has decent rewards. 3% for gas & dining out, 2% for travel and 1% for all other purchases. The rewards come in the form of a check for use at Costco only.
Message 15 of 55
cheddar
Moderator Emeritus

Re: Having Amex is not COMPULSORY - and why I have one



UpUpUp wrote:


cheddar wrote:


UpUpUp wrote:


Does the Costco Amex actually report as Amex? I thought it reported and was handled through the card issuing bank? Thus, you would not be entitled to a lof the benefits with exception to the actual cards rewards program. Is that correct? I'm still trying to figure out the difference.


The Costco Amex is issued by Amex the bank, so yes, it reports as Amex.
 
FWIW, the Amex benefits like purchase protections and extended warranty coverage apply to any card that uses the Amex network and carries the Amex logo, even those issued by other banks.


Message Edited by cheddar on 07-25-2008 09:58 AM

Ahhhhhh.....for some reason I was under the impression that it was basically any old card with the Amex logo on it. So, basically you do get all the benefits minus the concierge and the possible F/R?


Message Edited by UpUpUp on 07-25-2008 02:55 PM

Well, we seem to be talking about two different things here. Smiley Happy
 
The Costco Amex is issued by Amex the bank, so there is still the possiblity of F/R, as with any Amex-issued Amex.
 
Any other Amex-logo-carrying card issued by a bank other than Amex gets all the purchase protections of an Amex card, without the danger of F/R.
 
The concierge service is dependent on the issuer.  For Amex cards issued by Amex, only the Platinum charge card and above come with a concierge service.  Other banks may or may not offer a conierge service on their Amex-logo-carrying cards.  (Citi and BofA both do.  I don't know about others.)
 
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. Smiley Surprised )
Message 16 of 55
UpUpUp
Valued Contributor

Re: Having Amex is not COMPULSORY - and why I have one

Ahh, I got it now. Thanks! 
Message 17 of 55
fused
Moderator Emeritus

Re: Having Amex is not COMPULSORY - and why I have one

Another kewl Amex thread...
Message 18 of 55
cheddar
Moderator Emeritus

Re: Having Amex is not COMPULSORY - and why I have one



fused wrote:
Another kewl Amex thread...



Agreed!  I also agree with MV's points in his original post, which I should have mentioned earlier.
 
I do wonder about the reasoning behind not using an Amex in public, though.  I understand that it's because they may shut you off with no notice at all and you don't want to have an authorization declined in public.  I guess what I don't understand is why that would be such a big deal.
 
I've actually had my Amex declined in public twice.  It wasn't because of anything I did or anything wrong with my card.  In both cases, it turned out that the merchant didn't even accept Amex but the employee wasn't bright enough (or perhaps just wasn't well-trained enough) to know the difference between an Amex and a Visa.
 
In both cases, when I was told my Amex was declined, I just took the card back and handed over an alternate card.  I did, of course, get on the phone with Amex to find out what was going on as soon as I left the store, but I didn't give a second thought about the opinions of the person behind the counter or anyone in line behind me.  I'll probably never see them again in my life anyway. Smiley Happy
 
By the way, the next time I visited that store, I asked to speak to the manager to tell him he might want to train his employees on which cards are accepted and which ones aren't.  I gave up, though, when I realized I wasn't getting anywhere after he told me that I was wrong because they did accept Amex.  In fact, he said, a woman had just paid with a MasterCard five minutes ago. Smiley Surprised (Yes, this was the actual store manager.)
 
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. Smiley Surprised )
Message 19 of 55
MidnightVoice
Super Contributor

Re: Having Amex is not COMPULSORY - and why I have one



cheddar wrote:


fused wrote:
Another kewl Amex thread...



Agreed!  I also agree with MV's points in his original post, which I should have mentioned earlier.
 
I do wonder about the reasoning behind not using an Amex in public, though. 

Actually, Amex is not one of the cards I carry with me.  I have 3 cards that have specific purposes that do not include regular use, so I have lightened my wallet  Smiley Happy
 
It also means that those at home are waaay easier to track!  They all have regular payments on them, so they do get used
 

 
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 20 of 55
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