AMEX only?

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wiivile
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AMEX only?

Postby wiivile » Fri Dec 26, 2014 3:26 pm

When traveling from an airport in Belo Horizonte, Brasil, I was told you could buy tickets for the bus with American Express only (subsequently verified here: http://www.conexaoaeroporto.com.br/belo-horizonte_2 ). I was kind of stunned, since I had always thought VISA and MC were the cards that worked best overseas, and that not as many places outside of the U.S. take AMEX.

What is the deal with this? Have you ever encountered places that are AMEX-only?
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PlyrStar93
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Postby PlyrStar93 » Fri Dec 26, 2014 3:37 pm

Maybe:
1. Amex signed an agreement with them to take cards with reduced fees (like Costco)
2. Amex sponsored them in constructions, maintenance and etc. (like Visa is the only card accepted in Olympic Games)
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wiivile
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Postby wiivile » Fri Dec 26, 2014 3:53 pm

PlyrStar93 wrote:Maybe:
1. Amex signed an agreement with them to take cards with reduced fees (like Costco)
2. Amex sponsored them in constructions, maintenance and etc. (like Visa is the only card accepted in Olympic Games)


Costco only accepts AMEX? That's news to me... and pretty crazy, since they sell some pretty high priced items. If buying a big TV or something, you're expected to carry thousands of dollars of cash in there if you don't have an AMEX?
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PlyrStar93
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Postby PlyrStar93 » Fri Dec 26, 2014 4:34 pm

wiivile wrote:Costco only accepts AMEX? That's news to me... and pretty crazy, since they sell some pretty high priced items. If buying a big TV or something, you're expected to carry thousands of dollars of cash in there if you don't have an AMEX?

Currently in US region, they only take AMEX if you use credit cards in store. You can use Visa/MC/etc. debit cards. Visa/MC/AMEX/Discover credit cards can be used on Costco online, and thus you can shop online without AMEX, or indirectly use a Visa/MC/Discover cc in store by purchasing Costco cash cards online and bringing them to store (that can still be a pain, if you carry several of them).
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Postby benhollberg » Sat Dec 27, 2014 12:14 pm

There are several event ticket presales that are issuer specific, some even go as far as bank specific, such as Citi. AMEX has the most presales that are like this, MasterCard has theirs with a few promoters. VISA has an agreement with US Soccer for match presales. Citi with Private Pass is getting larger with promoters where you can use any Citi bank card (Visa, AMEX or MasterCard) to purchase.
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Postby flan » Sat Dec 27, 2014 9:40 pm

wiivile wrote:]
What is the deal with this? Have you ever encountered places that are AMEX-only?


There used to be a number of night clubs that were amex only. Amex gave a good rate to entertainment businesses in the 80s and early 90s if they didn't take visa. There are still some of those places around, many of which would probably be cash only, except for they take amex.

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Postby whit » Sun Dec 28, 2014 12:02 am

Back in the day I got an Amex because neiman only accepts that or cash

Silly me didn't even think, just applied, but it's okay because I got approved and

Nowadays I've found it better to shop with their sister department

takeshi
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Postby takeshi » Mon Dec 29, 2014 8:24 am

wiivile wrote:Costco only accepts AMEX? That's news to me... and pretty crazy, since they sell some pretty high priced items. If buying a big TV or something, you're expected to carry thousands of dollars of cash in there if you don't have an AMEX?

They accept other forms of payment but AmEx is the only credit/charge card accepted in their stores. Visa and MasterCard debit cards are accepted. Costco.com is different in its acceptance.

If it's news to you then I guess you've missed this story which has been a relatively popular topic mentioned on a number of credit sites recently:
http://www.bloomberg.com/news/2014-11-06/costco-said-to-weigh-dropping-amex-as-u-s-card-partner.html

wiivile wrote:I was kind of stunned, since I had always thought VISA and MC were the cards that worked best overseas, and that not as many places outside of the U.S. take AMEX.

That's the problem with relying on generalizations and odds. In many cases the statement may hold but there will be exceptions.

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Postby boosnark » Wed Dec 31, 2014 8:02 pm

PlyrStar93 wrote:Maybe:
1. Amex signed an agreement with them to take cards with reduced fees (like Costco)
2. Amex sponsored them in constructions, maintenance and etc. (like Visa is the only card accepted in Olympic Games)


Things may change soon. Costco in Canada recently aligned themselves with Master Card for 2015 and beyond.

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Postby flan » Thu Jan 01, 2015 9:33 am

boosnark wrote:Things may change soon. Costco in Canada recently aligned themselves with Master Card for 2015 and beyond.


Well, no sooner than a year. That's when the contract expires.



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