Is the annual fee worth the American Express card?

[Anubis]

A lot of places do not accept Amex, so I stick with Visa.
.

While it varies by area its lower then most people or commercials make you think.
I know for a fact that a certian resturant used on one of those Visa comercials only stopped taking amex for ~4 months so Visa would use them in the commercial and then they went back to using it.

Where i am now any place that i would be using a CC at takes all kinds

 

[Terabyte]

6.5K total but it seems you don't get the increased rewards of the 6.5K.

Yeah, the 5% rewards kick in till after 6.5k. I don't think you get 5% on the 6.5k spent already

 

[Terabyte]

While it varies by area its lower then most people or commercials make you think.
I know for a fact that a certian resturant used on one of those Visa comercials only stopped taking amex for ~4 months so Visa would use them in the commercial and then they went back to using it.

Where i am now any place that i would be using a CC at takes all kinds

A lot of Asian establishments don't take Amex because they have the highest processing fee I believe.

Oh, Jack in the Box, and In-N-Out do not take Amex

 

[TuxDave]

Did we just get your credit card number?

Good luck with putting in 00/00 for the expiration date when you try to use it.

 

[Fritzo]

Get the AmEx card that's also a Costco card. It takes away the fee, and your annual cashback goes toward your Costco membership.

 

[Anubis]

A lot of Asian establishments don't take Amex because they have the highest processing fee I believe.

Oh, Jack in the Box, and In-N-Out do not take Amex

im not sure either of those exist in this state and the closes asian market is prob 200+ miles from me.

 

[Terabyte]

im not sure either of those exist in this state and the closes asian market is prob 200+ miles from me.

Yes, but Nerp might have them in his area

 

[Ionizer86]

if you use it as your primary card yes the 100$? annual fee is worth it. +1 year warranty on everything, CS that will bend over backwards for you and their concierge service is 2nd to none.

Admittedly, most of my cards that have the fancy features, such as 2nd year warranty, flight luggage insurance, concierge service, etc have an annual fee (waived for the 1st year - I signed up for a number of them for the miles signing bonuses, ranging from 35k to 75k).

However, my Chase Freedom, which used to get me 3% on the top 3 categories, then was subsequently downgraded to rotating 5% quarterly cash back (a la Discover card), also provides concierge service, 2nd year warranty, travel luggage insurance, rental car insurance, etc. And guess what? No annual fee.

So no, don't bother with the annual fee. Totally not worth it. Find a card with the higher end perks that doesn't have the annual fee.

 

[IceBergSLiM]

I like amex. Nice piece of mind knowing that If I need to charter a private jet anywhere in the world I can in a moments notice with one phone call.

 

[yllus]

I'll be canceling mine at the end of the year as the first year's fee was waived. Similar cards offer the same benefits with no fee tacked on top.

 

[Thump553]

Paying a fee to have a special colored credit card must be one of the dumbest ideas ever (and one of the greatest marketing accomplishments to persuade fools they need it).

I use a free Amex card for my business expenses, and have noticed quite a few vendors that won't accept it-my health insurance provider for example.

 

[Kanalua]

annual fee? i still have my amex from costco (cancelled membership years ago) and haven't been charged a fee.

I got my AmEx at Costco. Your "annual fee" is your membership fee at Costco (i have a business membership). Kills two birds with one stone.

 

[mb]

Did we just get your credit card number?

Shit! Please don't spend too much!