Aldi now accepting American Express

Just seen this over on hotukd, some folk may find info useful, i will be applying for a new Amex as all weekly shopping is done in Aldi.
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Comments

  • AllieKat
    AllieKat Posts: 109 Forumite
    Yup, I think it pretty much shoots down the idea that Amex is 'too expensive' to take. If Aldi can take it, but Havianas can't...
  • WillPS
    WillPS Posts: 5,030 Forumite
    Part of the Furniture 1,000 Posts Newshound! Name Dropper
    AllieKat wrote: »
    Yup, I think it pretty much shoots down the idea that Amex is 'too expensive' to take. If Aldi can take it, but Havianas can't...
    Of course a retailer the size of Aldi will have significant negotiating clout.
  • AllieKat
    AllieKat Posts: 109 Forumite
    Maths work out different for every merchant but remember that every Amex card has the same interchange except for the small number considered four party cards thus regulated to 0.3%.

    Visa and Mastercard are like a box of chocolates. You could get a British debit card regulated to 0.2% or a Dubai issued Visa Infinite or US issued Visa Signature (actually the US now has a couple Infinite cards, too - Infinite is the level above Signature). Or you could get a British corporate card. Including the original Curve (that's why it was business only officially).

    Interchange on some of those is eye-wateringly high (much higher than Amex).

    Depending on your target market, which chocolates are in your Visa/Mastercard box could vary widely. If you're selling to wealthy foreigners, primarily, you may well find Amex your cheapest card...
  • WillPS
    WillPS Posts: 5,030 Forumite
    Part of the Furniture 1,000 Posts Newshound! Name Dropper
    AllieKat wrote: »
    Maths work out different for every merchant but remember that every Amex card has the same interchange except for the small number considered four party cards thus regulated to 0.3%.
    It's not a very small number, it includes all British Airways, Nectar, SPG, CostCo Harrods etc. branded credit cards (pending an upcoming EU judgement).
  • fatrab
    fatrab Posts: 1,231 Forumite
    edited 6 February 2018 at 4:53PM
    Is Amex accepted at Lidl?

    I'm considering applying for one but I do my shopping at Lidl and get my fuel at Tesco so its no use if I can't use for the food shopping!
    You can have results or excuses, but not both.
    Challenge - be 14 Stone BY XMAS!

  • Nick_C
    Nick_C Posts: 7,573 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    Nick_C wrote: »
    Starting today, Aldi (in England) are now accepting American Express!

    Saw this on https://www.headforpoints.com this morning, and just used my Amex in my local Aldi.

    (Don't know if this is UK wide or not.)

    Oddly, nothing in my local store or on the Aldi website about the change.

    ..........
  • System
    System Posts: 178,317 Community Admin
    10,000 Posts Photogenic Name Dropper
    AllieKat wrote: »
    Maths work out different for every merchant but remember that every Amex card has the same interchange except for the small number considered four party cards thus regulated to 0.3%.

    Visa and Mastercard are like a box of chocolates. You could get a British debit card regulated to 0.2% or a Dubai issued Visa Infinite or US issued Visa Signature (actually the US now has a couple Infinite cards, too - Infinite is the level above Signature). Or you could get a British corporate card. Including the original Curve (that's why it was business only officially).

    Interchange on some of those is eye-wateringly high (much higher than Amex).

    Depending on your target market, which chocolates are in your Visa/Mastercard box could vary widely. If you're selling to wealthy foreigners, primarily, you may well find Amex your cheapest card...

    I would hazard a guess that almost all cards that Aldi processes are from the UK/EEA and are personal.

    Amex could also negotiate a special deal (a la Costco) so that their earning rate is lower - especially since it's ditching 3rd party issuers.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Nick_C
    Nick_C Posts: 7,573 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    Amex have just launched an Aldi promotion. Spend £10 in store for a £5 statement credit. Applies until 30 April. Need to register. Limited to first 80,000 customers.
  • Edi81
    Edi81 Posts: 1,499 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    The offer was still active when I loaded it just now onto my BA Amex card.
  • msallen
    msallen Posts: 1,494 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    Not available on my Costco Amex card
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