Amex card

Nationwide8

Anyone have the Amex cash back card mentioned in this week's e-mail...just wondered if any probs or all good

Already have a Nationwide card that earns 0.5 % cash back...all fine..

soulmonkey81

Nationwide8 wrote: »

Anyone have the Amex cash back card mentioned in this week's e-mail...just wondered if any probs or all good

Already have a Nationwide card that earns 0.5 % cash back...all fine..

Just recently applied for the amex card myself I cannot belive I have had a rejection letter. I never get into debt etc it said on my letter my annual income was not enough Maybe I'm too safe for them lol going to phone them tomorrow and ask why unless i missed something out on the application form.

vns

Nationwide8 wrote: »

Anyone have the Amex cash back card mentioned in this week's e-mail...just wondered if any probs or all good

Already have a Nationwide card that earns 0.5 % cash back...all fine..

Nope - never had a problem with them, I have three cards at the moment.
Most places accept Amex in cities, its when you move further out and find small independents who do not. So just carry a backup card with you.

Pincher

Nationwide8 wrote: »

Anyone have the Amex cash back card mentioned in this week's e-mail...just wondered if any probs or all good

Where in the e-mail?


Highlights

• 5% cashback during your first three months on up to £2,500 in purchases.
• After the introductory period you’ll receive 1.25% cashback on virtually everything you buy – not just for a limited period.
• 2.5% cashback in the first month of every year if you spend more than £10,001 in your previous 12 months of Cardmembership.

The downside is the £25 Annual Fee.




Because I applied through Quidco, the £25 cashback pays for the first annual fee.


Try to spend £2,500 in three months to get the £125 cashback.


The 1.25% cashback means I have to spend £2,000 to pay for the £25 Annual Fee each year. Not hard to do, as I can use it in Costco.


At the moment, I am getting 1% cashback from Waitrose by using the Santander 123 credit card. Prior to the Santander, I was getting 1% from Waitrose by using the John Lewis Partnership Card, but the cashback comes as John Lewis vouchers, so is a little restrictive. The Amex 1.25% is just money I can spend on the card.

Nationwide8

Pincher...it's not that one it's the no fee credit card..EverydayPlatinum..

Contained within No3 of "Top 10 top tricks...shopping.....

Pincher

Nationwide8 wrote: »

Pincher...it's not that one it's the no fee credit card..EverydayPlatinum..

Contained within No3 of "Top 10 top tricks...shopping.....

I did compare the two when applying.
With this one, the 1.25% only kicks in after spending £7,500.
If you were going for the 5% cashback, it's up to £2,000, not £2,500.

• 5% cashback during your first three months on up to £2,000 in purchases1
• After the first three months you’ll earn up to 1.25% cashback, depending on how much you spend on the Card2:
• Spend £0 to £3,500 and receive 0.5% cashback on that spend
• Spend between £3,500 and £7,500, receive 1% cashback on that spend
• Spend over £7,501 and receive 1.25% cashback on that spend
• As long as you spend a minimum of £3,000 in a year, almost every full pound you spend on your Card qualifies for cashback.
• 1 complimentary Supplementary Card for family members, generating even more cashback for your account.5

Literally got the card today. The £25 annual fee one.
Will probably cancel when I get the cashback, on the anniversary. 1.25% cashback during the first year is pretty good. I currently get no cashback for Costco at all. Cannot use the Santander 123.

[Deleted User]

soulmonkey81 wrote: »

it said on my letter my annual income was not enough

soulmonkey81 wrote: »

Maybe I'm too safe for them lol going to phone them tomorrow and ask why

I suspect it may be because your annual income was not enough.

Pincher

Oh dear, whipped out the Amex, and the travel agent wants 4% surcharge! Back in the wallet, and out comes the MasterCard, for only 2% surcharge.

jaydeeuk1

Pincher wrote: »

Oh dear, whipped out the Amex, and the travel agent wants 4% surcharge! Back in the wallet, and out comes the MasterCard, for only 2% surcharge.

Thats why ive gone for a Tesco 0% purchase card too, citroen want to charge more for amex but the equiv cashback from tesco nearly balances the cost but i have 22 months 0% apr.


Amex is good though!

OhReally_2

Nationwide8 wrote: »

Anyone have the Amex cash back card mentioned in this week's e-mail...just wondered if any probs or all good

Already have a Nationwide card that earns 0.5 % cash back...all fine..

The problem with Amex is that it is not very widely accepted.

I have an Amex card from Barclaycard. (1% cashback, no annual fee)
Fortunately they also provide a Visa card on the same account, presumably because they are fully aware of the resticted acceptence of Amex. (Using this only pays 0.5% cashback though)

I would never pay an annual fee for holding a credit card.

(unless you've done all the sums and are certain in your own mind you will use it enough to make that money back and some. I am never certain as I don't like be tied to using a specific card anyway, and you you never know what great credit card offer may be just around the corner)

PeacefulWaters

The problem with Amex is that it is not very widely accepted.

It is widely accepted. I'd estimate that over 95% of retailers taking credit cards take AMEX.

My dentist is the only place I've found that insisted on a Mastercard or Visa being used.

Tesco pay at pump wasn't a fan, but the kiosk accepts it.