“Do You Take Amex?”

10 Comments
  1. Slm

    Amex these days is very competitive.There are two ways for merchants to accept Amex. One is through getting a merchant account directly, with pricing that varies. Another is using the opt blue program. The opt blue program is a tiered system. For most merchants, a chip and pin or Apple Pay transaction under $500 has a total cost (from Amex, their merchant services might add who knows what on top of that) of 1.75%. A world elite MC is 1.96% by comparison. The only exception is the restaurant industry which is quite expensive.
    Years ago Amex was expensive and many merchants hadn’t looked into Amex pricing again.

  2. Ed

    Given the effects on the economy by Covid-19, I feel rather bad using my Amex at smaller/local/mom&pop businesses and resort to my Visa/MasterCard.

  3. Terry

    Not just Amex but I can’t for the day when all merchants take a form of digital payment. No more cash!!

  4. Jeff H TOR

    As a business owner of-course I preferred interac/debit/cash or cheque payments from all my clients but gave the option of credit card for a mark up price. (Payment was through virtual terminals at Square or something to avoid local merchant agreements with monteris or other bank payment processors which I remember were charging 3.5% for amex on average in 2008-2012 during the time I had my retail store in North York. It’s either that or just offer one-price and mark up costs by 2% or so to cover processing costs; or simply don’t accept ccards (business perspective)

  5. Craig

    We live in the Philippines and we have a Cathay Pacific AMEX Elite Card. We will be moving back to the US in August. Will we be able to get a AMEX card there in the US to match what we have here? The current card we have has approximately $30K USD limit. If they will match it, what card would be our best option. I am Hilton Honors Diamond and Cathay Pacific Silver. We love to travel and stay primarily at Hilton properties around the world when available.
    Thanks im advance.
    Craig

    1. Ricky YVR

      Yes, you should be able to do an Amex Global Transfer to the Amex US Hilton cards.

  6. Richard

    Thanks Ricky and Kirin for this great article!

    I know you don’t suggest to buy the Marriott points from the promotion now. Is there anything else I can do to get hotel points beside getting the Amex Hilton Aspire card? Thank you in advance Ricky!

    1. Ricky YVR

      Sounds like a good initial plan to me, but I would say that there should still be some value in the new Aeroplan program, so I’d probably go for a hedged strategy (cashing out some MR points at 2cpp and keeping some in Aeroplan) vs. cashing everything out. Getting at least 2cpp for your Aeroplan miles in the new program should still very much be doable, I feel.

      After getting the Aspire, you can also get the other US Hilton cards after a few months. You can also get the Canadian and US Bonvoy cards to rack up the hotel points too. As for buying points, I don’t recommend purchasing speculatively, but if you have a high-value hotel redemption in mind where it makes sense, then by all means go for it (both the 60% Bonvoy bonus and the 100% Hilton bonus that they frequently run).

  7. Ralph

    I’ve tried the gift card technique a couple times, but after misplacing a $100 gift card, I don’t do it any more.

  8. Glen

    That takeamex.ca website is gold! I get it that mom and pop shops want to preserve margins, but there are some I am very loyal to and I don’t appreciate their lack of loyalty back in terms of not letting me use my amex. Time to report!

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