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  • FIRST POST
    • MP2609
    • By MP2609 27th Apr 18, 8:56 PM
    • 40Posts
    • 44Thanks
    MP2609
    AMEX CC is it worth getting one?
    • #1
    • 27th Apr 18, 8:56 PM
    AMEX CC is it worth getting one? 27th Apr 18 at 8:56 PM
    Hi Everyone

    This is more of a general question that has just sprung to mind, currently I have two credit cards, Halifax Mastercard (Had since I started working so I have a long history with this card), and a Barclaycard Freedom Rewards Visa Credit (Had for about a year). Both of these have a DD to take the full amount each month so no problem about accruing interest.

    Would it be beneficial to get an AMEX card as this is the only CC payment type I do not have or do you think its not really worth it if I already have two cards?

    Any advice would be greatly appreciated
Page 1
    • stevenhp1987
    • By stevenhp1987 27th Apr 18, 9:12 PM
    • 891 Posts
    • 710 Thanks
    stevenhp1987
    • #2
    • 27th Apr 18, 9:12 PM
    • #2
    • 27th Apr 18, 9:12 PM
    If you can get it and you pay it off in full every month then I'd say yes!

    Most cards come with some freebie introductory amount of points and you earn points/cashback on all spending.

    Which card is for you depends on your spending/holiday habbits...
    • newuser86
    • By newuser86 27th Apr 18, 9:23 PM
    • 302 Posts
    • 91 Thanks
    newuser86
    • #3
    • 27th Apr 18, 9:23 PM
    • #3
    • 27th Apr 18, 9:23 PM
    As above. Amex are only worth it for the bonus points you get rather than being financially better, if you spend a lot of money and don't always spend it off then a 0% card is better
    • Filo25
    • By Filo25 27th Apr 18, 9:46 PM
    • 1,975 Posts
    • 2,827 Thanks
    Filo25
    • #4
    • 27th Apr 18, 9:46 PM
    • #4
    • 27th Apr 18, 9:46 PM
    If you already have a lot of BA Avios in your account the BA AMEX card is extremely useful for maximising their value through the companion voucher.
    • MP2609
    • By MP2609 27th Apr 18, 10:11 PM
    • 40 Posts
    • 44 Thanks
    MP2609
    • #5
    • 27th Apr 18, 10:11 PM
    • #5
    • 27th Apr 18, 10:11 PM
    Thanks for your responses everyone, the main reason for thinking of getting an AMEX was it is currently the only payment method I don't have and I thought it would be beneficial to have access to all of them.

    Does anyone know what the best sort of card from AMEX would be a good option?
    • Filo25
    • By Filo25 27th Apr 18, 10:21 PM
    • 1,975 Posts
    • 2,827 Thanks
    Filo25
    • #6
    • 27th Apr 18, 10:21 PM
    • #6
    • 27th Apr 18, 10:21 PM
    Thanks for your responses everyone, the main reason for thinking of getting an AMEX was it is currently the only payment method I don't have and I thought it would be beneficial to have access to all of them.

    Does anyone know what the best sort of card from AMEX would be a good option?
    Originally posted by MP2609
    To an extent it depends on what kind of rewards you want, and the amount you spend annually, a lot of the cards with better rewards have annual fees sometimes very hefty ones.

    There are circumstances where those fees may be worth it but it will be a case by case judgement based on how many benefits you use and in many cases how much you spend.

    So for instance there are 2 types of BA card the premium one costs much more per year, but allows you an extra year to use the companion voucher and gives you higher rate of earning Avios points.

    The Costco AMEX card always looks like good value to me, good cashback rates and I don't think there is an annual fee but I believe only Costco members are eligible
    • newuser86
    • By newuser86 27th Apr 18, 10:29 PM
    • 302 Posts
    • 91 Thanks
    newuser86
    • #7
    • 27th Apr 18, 10:29 PM
    • #7
    • 27th Apr 18, 10:29 PM
    What are you looking at earning? Do you already collect air miles from BA or virgin?
    • maxximus75
    • By maxximus75 28th Apr 18, 7:17 AM
    • 235 Posts
    • 86 Thanks
    maxximus75
    • #8
    • 28th Apr 18, 7:17 AM
    • #8
    • 28th Apr 18, 7:17 AM
    You have Visa and Mastercard so adding Amex is not a big deal as you have two of the most worldly accepted payment methods (apart from cash).

    Amex can be somewhat limited in places that it's accepted.

    If you just want a card then go for it. They have an eligibility checker for their cards.

    Note the apr some of their cards, they are shocking!

    If it's just a charge card you're looking for then you will pay that each month, in full anyway.

    Also, look out for the annual fee's!
    • MentalMinnie
    • By MentalMinnie 28th Apr 18, 8:57 AM
    • 775 Posts
    • 488 Thanks
    MentalMinnie
    • #9
    • 28th Apr 18, 8:57 AM
    • #9
    • 28th Apr 18, 8:57 AM
    I had an Amex years ago. No where accepted it on the high street. Bit of a strange card to have I think personally.
    • MP2609
    • By MP2609 28th Apr 18, 9:02 AM
    • 40 Posts
    • 44 Thanks
    MP2609
    Thanks everyone for you responses, the only thing I was looking to earn was either cashback or reward points that can be exchanged for vouchers.

    I didn't release AMEX was still an issue in terms of being accepted, to be honest I won't be spending more than 200 a month on the card as I am currently saving for a house so trying to save as much cash as possible.
    • newuser86
    • By newuser86 28th Apr 18, 9:08 AM
    • 302 Posts
    • 91 Thanks
    newuser86
    Personal opinion, if you are only putting 200 a month through the card then I wouldn't bother, I put all my spend through mine and pay off each month. You need to spend 6-700 a month to maximise the benefits, at least for the first 3 months if you take the gold card out. Also, Amex is pretty much accepted everywhere now so I wouldn't worry about that.
    • MP2609
    • By MP2609 28th Apr 18, 9:15 AM
    • 40 Posts
    • 44 Thanks
    MP2609
    I did think I probably wouldn't be able to put enough spend through it in order to really make the most of the benefits. I think for now the Barclaycard will be the best option for me.

    Thank you everyone for your responses
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