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  #1  
Old 07-28-2008, 03:05 PM
dreamy dreamy is offline
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Default American Express credit card
Do you have American Express credit card? Is it much different than Visa and MasterCard? Is it easy to get AMEX?
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  #2  
Old 07-28-2008, 06:09 PM
bullish bullish is offline
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I have a Costco Platinum America Express card, which offers cash-backs. I'm very happy with the card, although it is not accepted everywhere, which is kind of annoying. I didn't have any problems when applying for the card, and I was actually approved for more credit than I asked for, within a week of submitting my application.

I highly recommend AMEX credit cards.
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  #3  
Old 07-31-2008, 02:49 PM
Steven Steven is offline
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Quote:
Originally Posted by bullish View Post
I have a Costco Platinum America Express card, which offers cash-backs. I'm very happy with the card, although it is not accepted everywhere, which is kind of annoying. I didn't have any problems when applying for the card, and I was actually approved for more credit than I asked for, within a week of submitting my application.

I highly recommend AMEX credit cards.
Does the Costco AMEX have a yearly fee? If it does, how much is it? Does the card offer cash-backs for things bought only at Costco, or for everything you buy?
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  #4  
Old 07-31-2008, 03:55 PM
ghak7 ghak7 is offline
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Is this Costco AMEX credit card good for 22 year old?
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  #5  
Old 07-31-2008, 05:57 PM
trent trent is offline
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Originally Posted by ghak7 View Post
Is this Costco AMEX credit card good for 22 year old?
I just answered a similar question you asked in this thread:

http://forums.canadabanks.net/showthread.php?p=219

Keep in mind that Costco will charge you $50 per year membership fee. This is not a direct credit card fee, but you still have to pay it if you want the Costco AMEX (you need to be a Costco member in order to get the card).
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  #6  
Old 04-22-2009, 10:58 AM
Lumber Joe Lumber Joe is offline
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Nothing special really. Almost the same as Visa and MasterCard
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  #7  
Old 06-15-2009, 02:22 PM
trent trent is offline
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Originally Posted by Lumber Joe View Post
Nothing special really. Almost the same as Visa and MasterCard
The AMEX credit cards are not accepted everywhere, while Visa and Mastercard usually are.
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Old 06-16-2009, 02:04 PM
bullish bullish is offline
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Originally Posted by trent View Post
The AMEX credit cards are not accepted everywhere, while Visa and Mastercard usually are.
That's why you need a Visa or Mastercard to go with your AMEX credit card.
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  #9  
Old 10-21-2009, 12:42 AM
fingers fingers is offline
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What's important to differentiate here is that Visa and Mastercard are credit cards, whereas American Express is a charge card.

You are expected to pay the balance in full each month for Amex, whereas you are OK with carrying a balance with Visa/Mastercard (and pay only the minimum).
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  #10  
Old 10-22-2009, 04:42 PM
trent trent is offline
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Originally Posted by fingers View Post
What's important to differentiate here is that Visa and Mastercard are credit cards, whereas American Express is a charge card.

You are expected to pay the balance in full each month for Amex, whereas you are OK with carrying a balance with Visa/Mastercard (and pay only the minimum).
I have a credit card from American Express Canada and although I pay it in full every month, I don't have to. AMEX offer both Charge Cards and Credit Cards.
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