- Centurion Member
- Posts: 222
- Joined: Mon Oct 24, 2011 4:04 am
- Location: UK
Well I think the advert is a cheek in the UK, considering some merchants will now refuse to accept MasterCard because of all the hidden fees from reward cards. Was recently staying at a hotel and the person in front checking in was told they either take Visa or Amex (Diners/Discover for final payment but not for pre-auth), No MasterCard.
MasterCard products in the UK are alright though, the capital one World MasterCard offers 1.25% cashback and no fees abroad, so not all that bad. Especially considering the Amex cashback card only offers 1.25% (Although 5% for first 3 months and monthly foursquare discounts in Supermarkets and major restaurants) and has fees abroad.
Visa in the UK doesn't really have any reward cards at all other than the Barclaycard cash back, which is the most complicated card in the history of mankind. 2% on top 5 purchases, if 15 transactions are made in the statement period, 0.5% on the rest, but anniversary months varying cashback rates. Then lower rates for certain kind of transactions + It has an annual fee that makes it worthless.
A Visa card is occasionally offered on the side though for UK reward cards, I.e. Bank of America UK (MBNA UK) offers a reward American Express and Visa on one account. You get 2 points (About 1.15% cash back) on the Amex per £ and 1 on the Visa. Most issuers don't bother doing this anymore though as Amex is now accepted enough in its own right (In most parts of the country anyway).
Amex UK Platinum Charge Card
Amex Blue Cash USA
Amex US Gold Corporate Card
World MasterCard Capital One UK (Free abroad + Cashback + Free Cash Withdrawals with no interest)