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Is Amex accepted as widely as Visa and MC domestically?

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FieryDance
Frequent Contributor

Re: Is Amex accepted as widely as Visa and MC domestically?

I cannot recall the last time I encountered an actual business that would not accept any credit card, Amex or any other.

 

It's things like insurance premiums, HOA fees, utilities, taxes (except federal) and other government services that often do not accept Amex.  And non discretionary expenses are our biggest and most consistent expenses.  They are designed to be paid by checks I suppose, but I like to use them to meet MSRs. 

A SUB chaser's problem. Smiley Frustrated

 

Message 51 of 54
Aim_High
Super Contributor

Re: Is Amex accepted as widely as Visa and MC domestically?

I started following this thread and oddly enough, on a trip a few days ago had my AMEX Gold card denied at a cafe in a city in Washington state. Smiley Surprised  It was a smaller but older, well-established place.  It didn't appear to be run by immigrants, so no connection to that reference upthread.   I paid with my Chase Sapphire Reserve Visa Infinite.   I got the Gold card last fall and I've had at least two or three places (domestically) refuse to take it in less than a year.    That never happens to my Visa/MCs.   AMEX may be more widely-accepted than before but Visa/MC are still king, IMO.


Business Cards


Length of Credit > 40 years; Total Credit Limits >$898K
Top Lender TCL - Chase 156.4 - BofA 99.7 - AMEX 95.0 - CITI 94.5 - NFCU 80.0
AoOA > 30 years (Jun 1993); AoYA (Feb 2024)
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Message 52 of 54
SouthJamaica
Mega Contributor

Re: Is Amex accepted as widely as Visa and MC domestically?


@W261w261 wrote:

@SouthJamaica

<Probably much of your potential business is "walking around the corner" too.>

I agree with the penny-wise pound foolish argument viz my Audi repair. I've never lost a customer because I don't take Amex. It's the nature of my business that if someone pushed me to do it, I'd make the phone call to set it up. I'm sure it will happen eventually, but right now, with gross revenues of almost 2 mill, I only have 2 customers who charge. At first, I resisted all cards, not for the 2%, but I was scared of the charge back potential. 


Why on earth would anyone push you to accept credit cards? It would not be that big a deal to them.  They would either pay you with something else, or they would "walk around the corner". You have no idea how many customers or potential customers "walked around the corner". Or how many use you but would have been happier if you accepted credit cards.

 

 


Total revolving limits 741200 (620700 reporting) FICO 8: EQ 703 TU 704 EX 687

Message 53 of 54
FalconSteve
Valued Contributor

Re: Is Amex accepted as widely as Visa and MC domestically?

In the past, no. Now, it is very close. I would still have a card just in case, but it is very rare now.

1/8/17 Discover $18300 CL- $1k SL- AU, wife
1/26/20 AmEx Cash Magnet $35k CL, wife
2/19/20 BB&T/Truist Rewards $11k SL- impulse application
2/22/20 Citi Double Cash WEMC $2.9k-->$4.4k-->$8.4k-->$13.4k-->$17.4k-->$19.4k-->$22.4k AU, wife
3/8/20 Wells Fargo Propel AmEx/Autograph VISA $2900-->$3200-->$5000-->$8800 CL- AU, wife
3/9/20 Truist Rewards $11k SL- AU, wife- impulse app
3/21/20 REDcard MasterCard (TD Bank) $2500-->$6000-->$6500 CL
11/24/20 AmEx Cash Magnet $10k SL-->36hr-->$20k-->$35k CL
6/10/21 SoFi World Elite MC (TBOM) $7000 SL
1/19/22 AppleCard/GS $6k-->$10k-->$11k AU, wife
8/15/22 Chase freedom flex $10.3k SL-->$12.5k-->$15k AU, wife
7/5/23 Lowes/Synchrony $4k-->$10k-->same day-->$35k CL
8/2/23 Chase freedom flex $19k --> $22.8 CL
8/2/23 Discover $8k SL
Message 54 of 54
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