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Ant Amex Card
Guys
I should clarify a couple of points.
Interchange funds frequent flyer points on Visa/Mcard credit cards.
Most high spenders are also "Transactors" not "revolvers". Revolvers make lots of money for the bank, while transactors cost the bank money. (Revolvers are customers that dont pay off their balance in full every month)
As you can imagine, If youre a high spender, racking up lots of points and , not "revolving", you are a VERY unprofitable customer. This will probably horrify most high volume Visa/Mcard card users as we tend to think that we are making the bank a fortune. I can assure you we are NOT.
AMEX is on the scene because it charges a higher merchant fee and doesnt have to pay interchange. In other words, it has a different revenue model.
As you have stated, Amex isnt accepted everywhere. Also, get used to the idea of Visa and Mcard not being attractive as FF point accruing machines. This is here to stay.
As a suggestion,
1) Get some form of AMEX card and opt for rewards (Ant card, Rewards Maximiser)
2) Get a citbank Silver Visa/Mcard
Use the Amex for everything that you can and the Visa as back up. All transactions will accrue points and the total fees that you will pay in a year will be about $200 (if you arent a revolver)
Surely this is a simple and inexpensive way of maintaining your points "habbit".
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