Is Amex card good for travel?
Is Amex good to travel with
The best credit card for international travel depends on your travel goals and habits. If you want a card packed with luxury benefits, a great loyalty program and you don't mind paying a $695 annual fee (see rates and fees), the Amex Platinum card is the best choice.
What are the disadvantages of American Express card
Disadvantages of AmEx cards
One disadvantage of AmEx cards is that they charge both the seller and the buyer for processing a transaction. Since they do not rely on financial companies, such as Rupay, Mastercard or Visa, and have their own payment network, they charge additional fees on the transactions.
Is American Express or Visa better for international travel
Winner: Visa
American Express has long charged higher credit card processing fees than other payment networks. To avoid those more expensive fees, some merchants have opted not to accept American Express cards. It's accepted in over 170 countries; however, Visa is accepted in over 200 countries.
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Is Amex travel more expensive
It almost always is more expensive, because they only get "deals" on higher class/bucket fares. However, a simple online search may give you a lower bucket fare. Amex has this mindset that its customers would pay for comfort and flexibility rather than the cheapest airfare.
What are the benefits of American Express
The American Express® Gold Card earns:4 Membership Rewards points when you dine at restaurants. This includes takeout.4 points at U.S. supermarkets, on up to $25,000 per year in purchases.3 points on flights booked directly with airlines or on amextravel.com.1 point on all other spending.Terms apply.
What income do you need for Amex Platinum
Salary Needed for Amex Platinum Credit Card
If you make nearly $100,000 a year and have good credit, you should have no issue getting approved. But, applicants with annual incomes as low as $40,000 have also been approved if they have a low debt-to-income ratio and pay their other credit cards in full every month.
Why don t most people take Amex
The different fees often make or break a deal for a merchant. This is why many merchants, especially small businesses, don't accept American Express. American Express' interchange fee is just too high. Providers like Visa and Mastercard charge between 1.15% and 2.5%, while Amex charges merchants between 1.43% and 3.3%.
Why don t more people use Amex
American Express is not popular among some consumers and merchants because it charges high interchange fees, causing Amex cards to be less widely accepted around the globe than Mastercard or Visa cards. These fees can be very costly to merchants.
Why is American Express so special
American Express is one of the leading card issuers in the United States. It's known for its top-notch customer service and some of the best rewards available. From ultra-elite business travel cards to everyday rewards, American Express has credit cards that are a good choice for many different types of cardholders.
Where is Amex not accepted
Places Where American Express is Not Accepted: Cuba, Sudan, South Sudan, Iran, Syria. Major Retailers That Accept American Express: Amazon, IKEA, Sears, Target, Walmart, Lowe's, Apple, Best Buy, Staples, CVS. Major Retailers That Don't Accept American Express: Costco, small non-chain stores/restaurants.
Is American Express Amex card worth it
Make no mistake — the Amex Platinum card is a premium card with a premium price tag. With amazing benefits like best-in-class airport lounge access, hotel elite status, and tremendous value in annual card credits, it can easily prove to be one of the most lucrative cards in your wallet year after year.
Why is American Express worth it
The benefits of American Express credit cards include several types of travel insurance, return protection, and purchase protection. These benefits are mostly found on the top-tier American Express cards, though many more American Express cards have rental car insurance and extended warranty.
Why do so many places not accept American Express
The different fees often make or break a deal for a merchant. This is why many merchants, especially small businesses, don't accept American Express. American Express' interchange fee is just too high. Providers like Visa and Mastercard charge between 1.15% and 2.5%, while Amex charges merchants between 1.43% and 3.3%.
Is it hard to get Amex Platinum Card
Yes, it is hard to get the American Express Platinum card because applicants need a 700+ credit score and a high income to qualify for approval. But if you have at least good credit and make a lot of money, you have a decent shot at getting approved.
Is Amex Platinum for millionaires
Unlike some of the other cards on this list, The Platinum Card® from American Express is an elite card, but it's not invite-only. This accessible card is one of the best credit cards for millionaires.
Do rich people use Amex cards
Millionaires use credit cards like the Centurion® Card from American Express, the J.P. Morgan Reserve Credit Card. These high-end credit cards are available only to people who receive an invitation to apply, which millionaires have the best chance of getting.
Is Amex harder to get than Visa
Comparison: Credit Score Approval Requirements
Because Visa is offered by so many more card issuers than American Express, there are more types of Visa cards, so it's typically easier to get approved for a Visa card with a lower credit score than an American Express card.
Why wealthy Americans love Amex
But despite its impressive earnings Amex is far from dominating the credit card industry its domestic payment volume is far behind that of visa and MasterCard. And it lags behind discover based on the
Why no one wants American Express
The different fees often make or break a deal for a merchant. This is why many merchants, especially small businesses, don't accept American Express. American Express' interchange fee is just too high. Providers like Visa and Mastercard charge between 1.15% and 2.5%, while Amex charges merchants between 1.43% and 3.3%.
Why do rich people like American Express
It allows them to tailor some of those deals. Especially on the merchant. Side if there's a reason why. They want a specific Merchant's business they can change their normal terms in order to fit that