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View Poll Results: How broke are you?
Very broke!!! 15 29.41%
Kinda broke... I just have to get my hustle on. 16 31.37%
Not broke, not rich... 15 29.41%
I'M RIIIIIICH, BIOTCH!!! 5 9.80%
Voters: 51. You may not vote on this poll

 
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Old 4th February 2007, 17:57   #11
fc*uk
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Join Date: Dec 2005
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no most people use AmEx who pay their cards off on time because they do not charge interest.

Companies like discover and many others charge a daily interest rate. That means that $30 you charged becomes $35 when the bill comes.

With AmEx a $30 charge = $30 when the bill arrives. Since AmEx does not make money on their cards, that is why you have to pay a membership fee.

Most merchants do not like AmEx because AmEx charges a higher transcation fee from the merchant because they are not making monty off what is being charged. When I was in Greece, everyone jacked the price up 10% everytime I pulled the card out. I learned to get euros really damn fast.

Personally, I love Amex. Once I got financially stable I got rid of all the other cards and that is the only one I use. Plus, their frequent flyer miles kick the shit out of everyone else's....
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