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American Express® AIR MILES® Credit Card
Issued by AMEX Bank of Canada |
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| Total Posts: 14 |
Average Rating:
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Category: Foreign |
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Showing 1 - 10 of a total of 14 Commentaries |
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1-10 | 11-14 |
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| "airmile rewards" |
| very few airmile seats available. Unlike other reward mile cards,unable to change or cancel flights without forfeiting your rewards. |
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| Most attractive feature: no annual fee |
| Least attractive feature: service fee for booking airline rewards too high |
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| Posted by: chris |
| Date: 3/7/2006 |
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This person does not recommend this card.
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| "amerian express delta sky miles review" |
| American Express gives its customer all the qualiites that make it great without an annual fee. It is a credit card that has the advantages of a charge card. It offers free travelers checks and travel insurence when you use the card. In addition every purchase you make allows you to earn frequent flyer miles. In a genre of credit cards it is supreme. |
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| Most attractive feature: This credit card has all the great benefits of American Express without the annual fee. |
| Least attractive feature: Honestly this card does not appear to have a bad feature. |
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| Posted by: alexis |
| Date: 8/24/2003 |
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This person does recommend this card.
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| "americain express review" |
Hello,
there are many good things about the air miles americain express cards. First of all, you get 1 air mile for each 20$ purchase you make so it adds
up pretty fast. Secondly, there is a 100 pts bonus when you use it for the first time so that bonus is like a 2000$ purchase. Thirdly, even if your limit is 10 000$ the money you can borrow at an atm is less than that. I think it is roughly 25% of your credit limit. Therefore, you can't borrow too much at 18%+ interest. The only drawback I see is the fact that it is not as widely accepted as visa or master card.
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| Most attractive feature: free air miles for each 20$ purchase |
| Least attractive feature: not accepted everywhere |
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| Posted by: marc-andre |
| Date: 5/8/2003 |
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This person does recommend this card.
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| "Beware of balance transfer checks" |
I recently took advantage of an offer to borrow money at 5% from American Express in the form of 'cheques' issued against my AMEX card. This has proved to be a total scam, and I'm incredibly surprised at the company for stooping this low. They must be in financial trouble to have to resort to such tactics.
Here's how the 'scam' works. They lend you money at 5%, however it isn't segregated from regular cash advances. Since their policy is to apply payments to cash advances first (over purchases) what happens is that any payments you make are applied to the cash advance amount that is being charged 5%. All your purchases then are unpaid and so start accumulating interest at 18.5%. The more you try and pay off your purchases, the higher your interest will become.
For example, let's say you borrowed $10,000 on the 5% agreement. You spend $2,000 that month and pay it off in full (at least that's what you think). When your statement comes in you'll see something like:
special rate (10000-2000) = $8000 - interest at 5% = $33.33
purchases (2000) = $2000 - interest at 18.5% = $30.80
Actual interest rate after one month = 7.70%
Next month you do the same thing - spend $2000 and pay it off 'on time.' Here's your statement:
special rate (8000-2000) = $6000 - interest at 5% = $25.00
purchases (2000+2000) = $4000 - interest at 18.5% = $61.67
Actual interest rate after two months = 10.40%
The higher interest is calculated from the day of the purchase, because they don't consider you paying it off on time (since it's applied against the cash advance). The more you spend on the card and pay off, the higher your interest rate will be.
To add insult to injury, when I called to complain about this, the AMEX CSR told me they weren't doing anything illegal. That means they're all aware of what's going on.
To be honest, before this experience I was very satisfied with AMEX, however because of this 'legal scam' I've cancelled my card and won't be giving them any more business.
In case you think that all banks do this, that's not the case. I previously did the same thing with a Citibank MC and they just charged me the interest they said on the advance, just like I expected. |
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| Most attractive feature: Air miles |
| Least attractive feature: Balance transfer checks |
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| Posted by: PeterS |
| Date: 4/23/2003 |
| Recommend? |
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This person does not recommend this card.
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| "just another credit card" |
like any other card good and bad
always room for improvement |
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| Most attractive feature: get double rewards for your money |
| Least attractive feature: interest rate high if balanced not cleared |
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| Posted by: Eitan |
| Date: 4/5/2003 |
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This person does recommend this card.
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| "This card is not that bad." |
| This car is not that bad i mean compared to other cards this is one of the best. I've really never had any big problems except that they charge a some what large late charge. but they do forfill there promise by giving you your miles and they sure do i have gone a trip to california from boston with airfare paid rental paid and hotel paid. so if your a traveler then this is your card. you can't get a better card that gives you more miles to take your trips. to avoid the downside of this card take my advise and pay the bill off before the late charge can take affect then you will start racking in the miles and soon you could fly the whole world if you wanted to. Have fun. |
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| Most attractive feature: you get free miles |
| Least attractive feature: they charge a lot on late fees |
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| Posted by: Clyde |
| Date: 1/21/2003 |
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This person does recommend this card.
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| "Review" |
| This credit card is great to have if you make lots of purchases, because you rack up miles for everything and some things earn double miles. The main problem i had with the card was when I was travelling a lot and purchasing gas, sometimes they would put a block on my card because they wanted to make sure my card hadnt been stolen. They do provide great coverage for rental cars and airline luggage protection which is cool. Am Ex also has promotions with various companies that are great, Over all its a pretty good card to have, i do think its like $89 to sign up though. |
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| Most attractive feature: air miles |
| Least attractive feature: security is extrememly high, catch 22 |
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| Posted by: Y.W. |
| Date: 1/17/2003 |
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This person does recommend this card.
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| "Great Experiences so far!!!" |
| Have enjoyed the benefits of this card for several years now. Especially handy for gaining additional Air Miles at more locations/merchants everywhere. Also extremely good benefits offered from time-to-time on balance transfers with exceptional reduced interest rates. |
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| Most attractive feature: Air Miles awarded and also allows for the double Award points, Balance transfers allowed. |
| Least attractive feature: Interest Rate could be much lower, however not a concern. |
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| Posted by: Cliff |
| Date: 11/25/2002 |
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This person does recommend this card.
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| "Features" |
| The fact that you can earn air miles while you spend is a great innovation. You can finaly get something back after spending such a bundle with this credit card offer. There is nothing more in this world that I enjoy than to travel and with American Express Air Miles, it makes it easier for me to explore more places more often. Thank you American Express for offering such a wonderful program for me to enjoy. |
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| Most attractive feature: The air miles |
| Least attractive feature: Annual fee |
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| Posted by: Abu-bakr |
| Date: 11/24/2002 |
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This person does recommend this card.
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| "Recommend" |
| I like that they are not so eager to raise your limit. They only raised it when I requested a small increase so that I could make a payment on my car repairs. Amex incorporated the increase immediately, and I was in a terrible rush to get my car out of the shop. Great customer service! |
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| Most attractive feature: Can use at Costco |
| Least attractive feature: Freeze card if late only one month with payment |
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| Posted by: Jennifer |
| Date: 11/19/2002 |
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This person does recommend this card.
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Showing 1 - 10 of a total of 14 Commentaries
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1-10 | 11-14
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