Re: Warning about American Express

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Article #33

#33

From: News Group Only
Date: Sat, 27 Jan 2001 23:40

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On Fri, 26 Jan 2001 05:23:31 GMT, craigm@earthling.net (Craig
Macbride) wrote:

>
>>Visa/Mastercard
>>have a conversion fee +  the bank's conversion charge + they chose the
>>day of the conversion.
>
>I used an Amex card overseas a couple of years ago and compared the rate
>day-by-day (ie. against the interbank rate on the day of each transaction)
>versus both ANZ and Westpac Visa cards. Amex charged 2.8% above the mid-rate,
>Westpac charged 0.81% (would be 1.31% now that they have a 0.5% fee) and
>ANZ charged 1.45%.
>
Your information is out of date then.  If it has been a couple of
years, you don't fall into the 'regular traveller' category which is
what most AX holders are. You must also have the LATEST bank
literature on their terms and conditions. I have from the big 4.

Visa/MC + The bank have a carge each. The Visa/MC charge is built into
the exchange rate. refer to visa.com and mastercard.com.


>
>>>Then there are the other ways they make money, such as being the only card
>>>provider that I know of whose automatic payment option doesn't allow you
>>>to pay off the whole balance! They hope you'll forget sometime or the
>>>payment will arrive late, so they can screw you for some interest.
>>>
>>Works for me. Blue card or Green card?
>
>Gold credit card.

This does not tell me anything. The Blue card is a credit card (comes
in a 'gold version') comes with a fixed credit limit , the green card
is a charge card and comes in several colours. The credit cards are
issued in conjunction with a bank and have a different set of rules
and processing procedures.

>>Want to hear some stories about ANZ, CBA, Westpac..........
>
>Don't need to. I've got plenty of my own. But they've never been as bad as
>Amex.

You haven't lived.....

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Subject: Re: Warning about American Express
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