Amex/american express

[theone8181]

Firstly apologies if this is the wrong section, wasn't really sure what it came under. So my question is regarding Amex. I currently have a samtander 123 credit card, but I'm maxing out the cashback on the 1 and 3%. Is there a downside to using an Amex card, I'm looking at one that gives 5% for 3 months (up-to 2500 spent) then drops off to 1%/1.25% depending on how much is spent. Our meal credit card bill is about 1500-1600 a month so I reckon the one with the fee will be the better option for us. Amy opinions?

Cheers

 

[theone8181]

Sorry that should have said main, lol. It was just to give an idea for value. Currently its a joint card for me and my wife, so i'd be doing the same.

 

[theone8181]

1 yes mine does that at Asda

2 I've never found Amex travel competitive

Thats exactly where mine has issues, a santander card is fine via contactless though. I wasn't sure if asde need to pay extra for amex contactless?

 

[theone8181]

So since starting this thread, I'm now at 148 quid cashback although until I've had the card a year I won't know how much I'll make. Quite different to my samtander card, which I was making 3 quid a month off. Glad I went for the 25 quid card now, I've found there's only a few shops that don't take it and they tend to be small (apart from Screwfix which surprised me).

 

[theone8181]

Scarily I'm now into the 1.25% cashback.

 

[theone8181]

Now if only the decrease meant that their merchant fees were also being lowered; then more merchants would accept = more profit for amex/us. Unlikely.

I've found the vast majority do accept it. It's only really smaller places that don't as I assume they can justify the hit like a bigger shop can.