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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Wallace Rivers who wrote (56730)1/22/2016 3:55:14 PM
From: Jurgis Bekepuris  Read Replies (1) | Respond to of 77182
 
I have two AMEX cards in my sleeve, Costco (which will cease to exist in April) and Fidelity AMEX (which has no annual fee, and pays me 2% cash back on all purchases).
Fido Amex will also cease to exist this year. The affiliation was sold to US Bank Visa: thetruthaboutcreditcards.com

And that's the problem with Amex - they are losing affiliations, their fees for merchants are high, and I am not so sure it's a "premium" brand anymore. Though on CoBF some people still think it's premium. And people still like its extended warranty + money back guarantees. These are applicable to straight Amex cards though, not necessarily to affiliate cards.

I don't have AXP position anymore except through BRK. I won't buy unless it hits $40's I think.



To: Wallace Rivers who wrote (56730)1/22/2016 3:59:30 PM
From: upanddown1 Recommendation

Recommended By
Steve K

  Read Replies (2) | Respond to of 77182
 
I have two AMEX cards in my sleeve, Costco (which will cease to exist in April) and Fidelity AMEX (which has no annual fee, and pays me 2% cash back on all purchases).
I also have the same two.

AXP is also going to take a hit when Fidelity switches to VISA, I believe around mid-year.

I'm glad to see Fido switch to VISA since they are also dumping BOA.

You can't currently set up Auto Pay on due date now unless you have a BOA account.