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Joined: Oct 2002
Posts: 9,997
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2002
Posts: 9,997 |
Thanks longbob, I did not know that distinction. I have seen too many families really hurting from debt. It still seems silly but if you can make it work for you, then so be it.
Pat85, you're right...my limitations are different than the next guy's. Not trying to start a fight, just hate seeing good people get sucked into a game they thought they could win.
You are right about families getting punished by debt and it is good that you actively council them against getting in that trap.
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Joined: Jun 2012
Posts: 4,608
Campfire Tracker
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Campfire Tracker
Joined: Jun 2012
Posts: 4,608 |
Amex is for business travelers. I never carried one but my stepfather did when I was younger. He’d be in three cities in a day and wining and dining bigwigs at large banks mostly. He’d run up over a hundred grand some months. Best itemized billing and the flight and hotel upgrades were great. President of the company started taking the points. That was the beginning of the end for that company and my stepfather. It used to have to be paid in full every month. He’d be in New York working and suddenly need to be in Chicago by the afternoon. One call and Amex would arrange a flight and it would be an upgrade from business class to first. Welll worth the small fee.
‘TO LEARN WHO RULES OVER YOU, SIMPLY FIND OUT WHO YOU ARE NOT ALLOWED TO CRITICIZE’
Conspiracy theorists are the ones who see it all coming…
You are the carbon they want to eliminate !
I’m Uber Deplorable Ultra MAGA !
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Joined: Dec 2007
Posts: 11,211
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2007
Posts: 11,211 |
Thanks longbob, I did not know that distinction. I have seen too many families really hurting from debt. It still seems silly but if you can make it work for you, then so be it.
Pat85, you're right...my limitations are different than the next guy's. Not trying to start a fight, just hate seeing good people get sucked into a game they thought they could win.
If you have serious net 30 days expenses, one can make these reward cards really work in their favor. A local John Deere dealer cancelled all in house accounts. No problem, now every thing gets charged on the AMEX card. Doesn't matter if I pay them in thirty or AMEX, at least with AMEX I get points.
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Joined: Nov 2008
Posts: 4,205 Likes: 1
Campfire Tracker
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Campfire Tracker
Joined: Nov 2008
Posts: 4,205 Likes: 1 |
If someone is too stupid to weigh the fee against what they get for it, I don’t know what to say. It’s much like the decision to join a gym. Can you workout without joining a gym? Of course. Does it mean you are stupid to pay for a gym membership? No, as long as you deem you get more value out of it than you paid. Same for a card or a Sam’s club/Costco membership or anything else in life. Apparently some just don’t get it.
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Joined: Feb 2006
Posts: 43,890 Likes: 7
Campfire 'Bwana
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Campfire 'Bwana
Joined: Feb 2006
Posts: 43,890 Likes: 7 |
AmEx also has a basic, no fee card for us peons.
Wife and I use it for pretty much everything.
I like the fraud alert texts for 'card not present purchases'.
It's been years since I actually called them but an English speaking person answered the phone.
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Joined: Jan 2012
Posts: 67,130 Likes: 30
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 67,130 Likes: 30 |
Karl Malden used to do their commercials.
I was about to go pheasant hunting with him and he up got ded
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Joined: Jan 2012
Posts: 67,130 Likes: 30
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 67,130 Likes: 30 |
He was in that Streets of San Franchisco. Pretty good Boomer cop show
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Joined: Feb 2006
Posts: 43,890 Likes: 7
Campfire 'Bwana
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Campfire 'Bwana
Joined: Feb 2006
Posts: 43,890 Likes: 7 |
I had to google the man.
Remember the commercials now.
Don't leave home without it!
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Joined: Dec 2007
Posts: 11,211
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2007
Posts: 11,211 |
He was in that Streets of San Franchisco. Pretty good Boomer cop show
Is he the guy who's nose look like a set of ass cheeks?
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Joined: Jan 2012
Posts: 67,130 Likes: 30
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 67,130 Likes: 30 |
He was in that Streets of San Franchisco. Pretty good Boomer cop show
Is he the guy who's nose look like a set of ass cheeks? I’d have to look him up Was a beak of a nose for sure I was about 7 years old and ai had to watch what the fuggin old people watched. If I got reqlly bored, I fired rubber bands at my grand daddy’s sleeping doberman. That big ol black leathery ball sack spilling out from under the doggie blanket was a bullseye
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Joined: Oct 2021
Posts: 314
Campfire Member
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Campfire Member
Joined: Oct 2021
Posts: 314 |
I see there aren't many business owners here, even though everyone thinks they're so smart. Amex makes their money from the businesses that accept them. Ask me how I know. I finally started adding 3.5% to any bill paid with a C/C. Don't like it? Write me a check or hand me cash. My C/C fees used to run me 3-4k a month, now they are zero. I watched a guy in front of me last year pay his property taxes with a credit card. He paid like an extra $1300. Which, that’s just the way it is. They county isn’t going to just eat the fees. I thought dayum baller...you should write a check. Guess he didnt have the money That must have been a pretty big property tax bill.
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Joined: Aug 2003
Posts: 39,117 Likes: 23
Campfire 'Bwana
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Campfire 'Bwana
Joined: Aug 2003
Posts: 39,117 Likes: 23 |
I was genuinely curious if your situation changed. Wasn't trying to make you sound like a loser.
The card has serious advantages for business use. As I said, companies don't want employees carrying 5-6 figures worth of cash to take an Amazon exec out for the night.
Me
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Joined: Sep 2011
Posts: 2,654
Campfire Regular
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Campfire Regular
Joined: Sep 2011
Posts: 2,654 |
Good for business use. Last I heard military gets the card without the fee.
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Joined: Feb 2006
Posts: 43,890 Likes: 7
Campfire 'Bwana
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Campfire 'Bwana
Joined: Feb 2006
Posts: 43,890 Likes: 7 |
My next door neighbor owns a local tire shop and does the same thing.
Tacks on 3% if you use a card.
The local hardware store simply does not take AmEx as I guess their fees are higher.
Years ago my dad tried to buy a used loader tractor with a credit card. John Deere dealer said no way Jose....lol
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Joined: Jan 2008
Posts: 15,751 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Jan 2008
Posts: 15,751 Likes: 1 |
I was genuinely curious if your situation changed. Wasn't trying to make you sound like a loser.
The card has serious advantages for business use. As I said, companies don't want employees carrying 5-6 figures worth of cash to take an Amazon exec out for the night. Fair enough.
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Joined: Aug 2003
Posts: 39,117 Likes: 23
Campfire 'Bwana
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Campfire 'Bwana
Joined: Aug 2003
Posts: 39,117 Likes: 23 |
I know a guy who put 4 years of college at Marquette University on his Amex for his daughter. Was the roommate of my best friend.
Bam - paid in full.
Me
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Joined: Jan 2008
Posts: 15,751 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Jan 2008
Posts: 15,751 Likes: 1 |
Wow. Bet there were some points on that!
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Joined: Jan 2009
Posts: 2,067
Campfire Regular
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Campfire Regular
Joined: Jan 2009
Posts: 2,067 |
Read an AMEX offer once years ago. Tossed it when the text included a fee. Tossed a pile of similar unopened mailing since. Have been happy with my Visa and Discover (mostly Discover) for years. Never knew or thought to look at the advantages or niche that AMEX provides. I understand now.
Was t that long ago I read AMEX became “woke” or some such. Seems to me there was an outcry from customers cancelling their cards. Don’t remember the story exactly, just glossed over it quickly and thought about why they even mattered. Now I understand the benefits for those who are able to access its advantages. Reminds me of paying Sam’s club for the privilege to shop at there stores. Not for everyone, advantage for some.
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Joined: Jul 2005
Posts: 5,689 Likes: 3
Campfire Tracker
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Campfire Tracker
Joined: Jul 2005
Posts: 5,689 Likes: 3 |
Kid I went to school with, his daddy had coal money. When we were 17 he got a new Corvette on Daddy's Amex card. None of us had ever heard of anything like it.
Then a couple years later, Daddy died of a heart attack and Kid ended up hooked on Oxycontin.
The moral of the story: Corvettes have schìtty leg room.
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Joined: Dec 2015
Posts: 8,069
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2015
Posts: 8,069 |
Kid I went to school with, his daddy had coal money. When we were 17 he got a new Corvette on Daddy's Amex card. None of us had ever heard of anything like it.
Then a couple years later, Daddy died of a heart attack and Kid ended up hooked on Oxycontin.
The moral of the story: Corvettes have schìtty leg room.
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