Aldi now accepting American Express

smithers1981

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.

AllieKat

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

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

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

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

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!

Nick_C

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

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.

Nick_C

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

The offer was still active when I loaded it just now onto my BA Amex card.

msallen

Not available on my Costco Amex card