Amex

Andy Moore · 20 February 2007, 10:13

Anyone got one of these?

Good for buying a new RIB with. 3% cashback for doing nothing!

NautiAndNice · 20 February 2007, 11:14

Quote:

Originally Posted by Andy Moore

Anyone got one of these?

Good for buying a new RIB with. 3% cashback for doing nothing!

Have a similar one. Bought the Navara on it. 3% cashback and interest free. Happy days!

Andy Moore · 20 February 2007, 11:20

Quote:

Originally Posted by NautiAndNice

Have a similar one. Bought the Navara on it. 3% cashback and interest free. Happy days!

I am thinking about getting a new car. I will try and buy it on the AMEX, if they agree my application.

NautiAndNice · 20 February 2007, 11:29

Quote:

Originally Posted by Andy Moore

I am thinking about getting a new car. I will try and buy it on the AMEX, if they agree my application.

Good plan. Dealer's face was a picture when I produced it! Just gotta force yourself to pay it off within the interest free period - otherwise could wind up with nastily high interest payments ... other option would be to switch it to another product. AMEX can be a pain though - lots of places won't accept it.

Andy Moore · 20 February 2007, 11:31

Quote:

Originally Posted by NautiAndNice

AMEX can be a pain though - lots of places won't accept it.

I was thinking about that. I can't find a list online either.

Stoo · 20 February 2007, 12:26

When I bought my RIB, I slapped my AMEX down and the dealer almost had a stroke. He didn't want to take it due to the portion he had to pay to AMEX. The compromise was that he knocked off $500 or so, in exchange for a cheque...

Andy Moore · 20 February 2007, 12:30

Quote:

Originally Posted by Stoo

When I bought my RIB, I slapped my AMEX down and the dealer almost had a stroke. He didn't want to take it due to the portion he had to pay to AMEX. The compromise was that he knocked off $500 or so, in exchange for a cheque...

Nick Hearne · 20 February 2007, 13:59

Amax fees are sky high & that is why I will NOT except them!
Have never lost a sale yet!

Andy Moore · 20 February 2007, 14:05

Quote:

Originally Posted by Nick Hearne

Amax fees are sky high & that is why I will NOT except them!
Have never lost a sale yet!

What are their fees? 4%?

thorper · 20 February 2007, 19:16

Quote:

Originally Posted by Andy Moore

What are their fees? 4%?

Yep about that - is why they can give so much back.

I had an interesting conversation with a customer of mine years ago about how they had negotiated a cut of the amex percentage in exchange for allowing AMEX to be accepted in their outlets. The negotiations at the large business level can get very interesting!

SDGANDER · 20 February 2007, 19:42

And dont ever miss a payment...

I did whilst abroad - after nearly 10 years as a 'member' with a perfect account record - within 10 days despite numerous phone calls to them and a cheque sent immedately by the other half to resolve it my account had been passed to a debt collection agency - for £130 and the cheque returned saying that the account was closed.

SDG

Nick Hearne · 21 February 2007, 09:17

Quote:

Originally Posted by Andy Moore

What are their fees? 4%?

Used to be at 5% I think we have been offered 4.5% Visa & MasterCard are 1.23%!! Makes a big difference to my back charges!

Andy Moore · 01 March 2007, 16:56

Quote:

Originally Posted by SDGANDER

And dont ever miss a payment...

I did whilst abroad - after nearly 10 years as a 'member' with a perfect account record - within 10 days despite numerous phone calls to them and a cheque sent immedately by the other half to resolve it my account had been passed to a debt collection agency - for £130 and the cheque returned saying that the account was closed.

SDG

This is their credit card. Not to confused with their older green (or gold, platinum!) charge card.

SDGANDER · 01 March 2007, 17:59

Yes - so was this - they also choose to close my charge card account too - both Platimuim cards if I recall...

SDG