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This seems rather one-sided in terms of the costs of using a credit card. Yes an Amex costs me a fee each year and yes I can't use it in lots of places, but whe
by tclancy 8y ago
This seems rather one-sided in terms of the costs of using a credit card. Yes an Amex costs me a fee each year and yes I can't use it in lots of places, but when my dad's iPhone died 2 months after the 1 year warranty ended, I realized he was on my phone plan and I pay for that with the Amex card, so I'm in the process of getting that paid for, which will offset more than a decade of fees.
- thebigspacefuck 8y agoMy AMEX doesn't even have fees.
- MaxBarraclough 8y agoI don't follow. What is it that offset the years of fees?
- enra 8y agoAmex has additional 1-warranty for your purchases. So instead of buying a new phone (since the manufacturers warranty ended), he is getting a replacement phone for free from Amex. Just that one event is paying back for the fees occurred in the previous years.
- fuzzybeard 8y agoAmex offers 1 extra year of warranty coverage beyond what the store/manufacturer offer. So after your warranty ends, and you're within that extra 1 year with Amex, they'll reimburse you the cost of the item. Many Amex cards, the ones with better benefits, charge you an annual fee to use. Hence, the reimbursement you get from your item can offset the fees.
- ac29 8y agoEvery no-fee Visa card I've had in the past 5 years or so offers the same benefit. https://usa.visa.com/support/consumer/card-benefits.html/ https://usa.visa.com/support/consumer/card-benefits.html/