Community Chat

[LilacTree]

If you received an American Express card offer with a 0% introductory APR for 15 months, would you accept the card?

Also it offers a $200 rebate if you purchase $1,000 worth of products or balance transfers within three months.  Variable rate after that is 18.49% if you don't pay your monthly balances in full. 

If you carry a balance, they "may" accrue finance charges.  That is different from the cards that I have used in the past with 0% up front for various periods of time.

Never had an Amex card before and hope someone here can give me a heads up.  Thx.

[ahoymate]

 I use is AmEx exclusively for everything I purchase. Love the 6% back on groceries, 3% on gas and 1% on everything else. They are great if you have disputes with a purchase. They deal with it NOT U!  Have had AmEx for 20+ years. I pay my bill off every month. Never carry over charges as I don't want to pay iinterest. 

[grandma2pkmh]

@LilacTree  Isn't there an annual fee for AmEx? And no, I would not get one. That apr seems high but I always pay my regular card in full each month.

[LilacTree]

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@grandma2pkmh wrote:

@LilacTree  Isn't there an annual fee for AmEx? And no, I would not get one. That apr seems high but I always pay my regular card in full each month.

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@grandma2pkmh

No, no annual fee, clearly stated.  And cash limit of $6,000.

[elruth]

The annual fee for the Gold card is $ 95.00. No fee for the Blue card. I have found several businesses that don't accept American Express so that is a drawback.

[FrostyBabe1]

I have two AMEX cards and I use them nearly exclusively. After that it's Discover. I love my AMEX cards as they both provide great benefits and their customer service is outstanding. However; both carry an annual fee, but they're offset by free Uber rides, airline fee rebates, airline club access, rental car insurance, and no FOREX charges if I use them abroad. 

What is the annual fee for the card you're considering? What benefits does it provide? WIll you use the benefits? I pay my balances in full every month, so the interest rate and finance charges are not a consideration. It's what the card is going to do for me that matters. 

[SilleeMee]

Nope, I only use a card that pays me back, 2% on all purchases in this case. That can add up quite nicely.

[Group 5 minus 1]

No

[ALRATIBA]

No .... I have Master Card and Visa (one for online and one for normal in person use)

I get generous points on both .... pay in full each month.  No interest, no annual fee, and I make money on the deal!

[ahoymate]

SillleeMe: "Nope, I only use a card that pays me back, 2% on all purchases in this case. That can add up quite nicely."

AmEx gives 6%, 3%,1% beats what you are using. Check it out!