Why is AMEX so cheap?

[Open123]

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@yfan wrote:

The Double Cash is a great card, but keep in mind that currently Citi offers no cards (that is open to new applicants) without an AF that offers a greater than 2%/2x rate on any category. The BCE offers 3% on groceries. Point is, cards don't tend to offer both 2%+ on certain category and a 2% flat rewards. Choosing one or the other doesn't make a lender "cheap."

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Right, if we, say, had a card that offerd 5X on gas/dining/groceries/3X Travel/2X everything else with no caps, no FTF, with no redemption threshold, low APR and no annual fee, can their systems even handle the amount of apps submitted in the next 5 minutes?  

[Anonymous]

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@Open123 wrote:

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@yfan wrote:

The Double Cash is a great card, but keep in mind that currently Citi offers no cards (that is open to new applicants) without an AF that offers a greater than 2%/2x rate on any category. The BCE offers 3% on groceries. Point is, cards don't tend to offer both 2%+ on certain category and a 2% flat rewards. Choosing one or the other doesn't make a lender "cheap."

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Right, if we, say, had a card that offerd 5X on gas/dining/groceries/3X Travel/2X everything else with no caps, no FTF, with no redemption threshold, low APR and no annual fee, can their systems even handle the amount of apps submitted in the next 5 minutes?  

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Please PM me the app link, I won't share!

[Open123]

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@Anonymous wrote:

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@Open123 wrote:

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@yfan wrote:

The Double Cash is a great card, but keep in mind that currently Citi offers no cards (that is open to new applicants) without an AF that offers a greater than 2%/2x rate on any category. The BCE offers 3% on groceries. Point is, cards don't tend to offer both 2%+ on certain category and a 2% flat rewards. Choosing one or the other doesn't make a lender "cheap."

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Right, if we, say, had a card that offerd 5X on gas/dining/groceries/3X Travel/2X everything else with no caps, no FTF, with no redemption threshold, low APR and no annual fee, can their systems even handle the amount of apps submitted in the next 5 minutes?  

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Please PM me the app link, I won't share!

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Sent!  By the way, they're MS & BK friendly.

[sandsanta]

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@Anonymous wrote:

Citi Double Cash gives you 2% on all purchases.

Why can't AMEX come out with a card like this given their revenue per swipe is much higher?

Note: I know the Fid Amex exists. I am referring to bank issued credit cards only, like BCE or ED. 

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Well thats exactly why they wouldn't give more. 

[TheConductor]

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@yfan wrote:

I also feel that Amex cares more about its cards' benefits structure than straight rewards (not that it doesn't care about rewards, mind you).

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Above all, this.  

Amex is as focused on the services and consumer protections they offer with their cards as they are on the "earned" rewards like cashback or points.

Different service philosophy for a different kind of customer. They're not "cheap", they're just different.

[Anonymous]

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@Anonymous wrote:

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@Open123 wrote:

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@yfan wrote:

The Double Cash is a great card, but keep in mind that currently Citi offers no cards (that is open to new applicants) without an AF that offers a greater than 2%/2x rate on any category. The BCE offers 3% on groceries. Point is, cards don't tend to offer both 2%+ on certain category and a 2% flat rewards. Choosing one or the other doesn't make a lender "cheap."

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Right, if we, say, had a card that offerd 5X on gas/dining/groceries/3X Travel/2X everything else with no caps, no FTF, with no redemption threshold, low APR and no annual fee, can their systems even handle the amount of apps submitted in the next 5 minutes?  

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Please PM me the app link, I won't share!

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Which card is the app link for?

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Open123 wrote:

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@yfan wrote:

The Double Cash is a great card, but keep in mind that currently Citi offers no cards (that is open to new applicants) without an AF that offers a greater than 2%/2x rate on any category. The BCE offers 3% on groceries. Point is, cards don't tend to offer both 2%+ on certain category and a 2% flat rewards. Choosing one or the other doesn't make a lender "cheap."

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Right, if we, say, had a card that offerd 5X on gas/dining/groceries/3X Travel/2X everything else with no caps, no FTF, with no redemption threshold, low APR and no annual fee, can their systems even handle the amount of apps submitted in the next 5 minutes?  

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Please PM me the app link, I won't share!

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Which card is the app link for?

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The Unicorn. 

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

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@Open123 wrote:

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@yfan wrote:

The Double Cash is a great card, but keep in mind that currently Citi offers no cards (that is open to new applicants) without an AF that offers a greater than 2%/2x rate on any category. The BCE offers 3% on groceries. Point is, cards don't tend to offer both 2%+ on certain category and a 2% flat rewards. Choosing one or the other doesn't make a lender "cheap."

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Right, if we, say, had a card that offerd 5X on gas/dining/groceries/3X Travel/2X everything else with no caps, no FTF, with no redemption threshold, low APR and no annual fee, can their systems even handle the amount of apps submitted in the next 5 minutes?  

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Please PM me the app link, I won't share!

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Which card is the app link for?

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The Unicorn. 

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Who issues that card? I can't find it anywhere!

[Anonymous]

Not everyone travels. And some of us would like a simple, uncomplicated, flat % on all spend.

[thelethargicage]

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@Anonymous wrote:
Not everyone travels. And some of us would like a simple, uncomplicated, flat % on all spend.

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+1