When Costco announced it was ditching its exclusive co-branded American Express card in favor of a Citibank-issued Visa card, customers worried about the various ways this switch could affect their finances and credit, but one family says the change in card networks resulted in them losing an insurance policy. [More]
Last Monday was an important day in retail history, and we’re not being sarcastic: it was the day that Costco switched its credit card acceptance policy from only accepting American Express to only accepting Visa. The transition didn’t go smoothly for some members, and national competitor Sam’s Club decided to take advantage of the confusion and try to win over some of those members. Unfortunately, some employees didn’t know about this. [More]
This June, things will change at Costco: the warehouse retailer will change its official, store-endorsed credit card from a Costco-branded American Express card to a Costco-branded Visa card from Citi. We now know that the new cards will start being mailed out in May, and what kinds of rewards users will be able to expect. [More]
Are you sick and tired of shelling out money every time you want to fly somewhere? If you’ve got the right credit card and an urge to spend some millions, you’ll be set: a billionaire who won a rare painting at auction for $170 million will never have to pay for a flight again when the sale goes through on the American Express card he plunked down to buy the artwork.
Now that its retail partner Costco has moved on to different credit cards, AmEx is apparently looking for some new customers who are a little downmarket from their old ones. Like its pal Bluebird, the card is reloadable and can even accept direct deposits from your employer. It offers one extra thing as an incentive to go prepaid: cash-back rewards like a credit card. [More]
I carry a lot of store loyalty cards around. I have a separate wallet for them. I have five different cards just for different pet stores. “Another loyalty card” is not something that America seems to need. Yet last month, American Express introduced a loyalty program called Plenti, which promises to let you accumulate points on purchases at different retailers and other businesses. The problem is that the rewards aren’t as flexible as the card’s ad campaigns imply. [More]
Last year American Express launched its “Amex Sync” integration, where customers could link up their credit cards to Twitter and get discounts on certain items by way of special offers sent out on the social network. And now the two companies are turning hashtags into dollar signs with a joint venture that allows users to buy certain items simply by hashtagging tweets. [More]
Ryan was in a tight spot, and late with the payment on his American Express account. The problem didn’t seem as scary as it could have been, though. The company’s Web interface offered him the opportunity to sign up for a payment plan, so he could pay down the outstanding balance over a period of as long as twelve months. Neat! But the plan didn’t quite have the credit-saving effects that he expected. He was reported to credit bureaus as delinquent during the entire repayment period. That’s how the plan works.
Let’s travel back in consumer history to 1989, a time before widespread Internet access, when she shopping and financial landscape was recognizable, but still different from what we deal with today. One thing that doesn’t change is that true “Above and Beyond” service leads to customer loyalty, and reader Margaret remains loyal to AmEx because of how they came through for her family in a time of crisis and grief.
The prepaid card industry is notorious for preying on poorer consumers with hidden fees for just about every thing you use it for. There’s even fees for not using them, in the form of inactivity fees. So it’s an unexpected breath of fresh air that American Express is rolling out a new prepaid card with very few fees and a pretty straightforward approach, at least for consumers.
How’s this for a bad deal? American Express Publishing Corp. had an offer for a “free” airline ticket when you bought a companion ticket and a subscription to Skyguide magazine. But a lawsuit brought by five Californian counties says that when consumers went to the website to buy their ticket, they were often charged double what the ticket would have cost them if they bought the ticket straight from the airline. Get it?
Lois is a longtime American Express customer. She’s had an AmEx card in her wallet for longer than most Consumerist readers have been alive. When she received a mailing offering 50,000 bonus reward points and extra privileges for upgrading her account to a Platinum Business card, she went for it. Except she never received the reward points. Or the airport lounge privileges. Or, apparently, the upgrade to a Platinum Business card.
Yesterday, we told you how Visa and AMEX now allow merchants to require customers up to a $10 minimum for credit card payments and how MasterCard will soon be changing their policy to allow for the same. We’d naively hoped that Discover — who hadn’t yet replied to our query — would be the lone holdout, but… not so much.
Ed and his wife successfully filed a chargeback against Expedia for a canceled trip earlier this year. Now he’s being dunned by a collection agency for the amount that Amex refunded him.