Comments on: american express one card http://www.all-encompassingly.com/american-express-one-card/ we still remember mitch hedberg Wed, 11 Jan 2012 18:03:57 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Faye http://www.all-encompassingly.com/american-express-one-card/comment-page-1/#comment-225720 Faye Tue, 29 Dec 2009 03:09:08 +0000 http://www.all-encompassingly.com/american-express-one-card/#comment-225720 AMERICAN EXPRESS CREDIT CARD? TEAR IT UP. DO NOT BELIEVE THEIR COMMERCIALS. I cancelled an order in India within 24 hours, called and notified AmEx. Then I got the charge amount as $10K instead of the $1K. AmEx put the matter into dispute for months-nearly 18 months. I notified AmEx that this was an attempt to defraud, that I did not have the goods that were to be delivered in 4-6 weeks. They were not. And now AmEx has sued me for $10K! AMERICAN EXPRESS CREDIT CARD? TEAR IT UP. DO NOT BELIEVE THEIR COMMERCIALS. I cancelled an order in India within 24 hours, called and notified AmEx. Then I got the charge amount as $10K instead of the $1K. AmEx put the matter into dispute for months-nearly 18 months. I notified AmEx that this was an attempt to defraud, that I did not have the goods that were to be delivered in 4-6 weeks. They were not. And now AmEx has sued me for $10K!

]]> By: mark h http://www.all-encompassingly.com/american-express-one-card/comment-page-1/#comment-167406 mark h Sat, 31 Jan 2009 18:10:53 +0000 http://www.all-encompassingly.com/american-express-one-card/#comment-167406 Michael,I couldn't agree more... AMEX is not only a predator but a pack of thieves! I had the misfortune of giving these people 10 years of business only to have them cancel my Platinum card account (which was current) because of inaccurate entries on my credit report. Closing the account is not the issue since I was going to close it anyway due to their egregious $450 membership fee. Only a moron or someone wanting to throw money away would "pay" these people hard earned money to a MEMBER just so they can make money off of you. The real clincher was the fact they erased 506,000 points that I had earned over the 10 year period when they closed my account without notice... I plan to hire an attorney and make a case out of this blatant and unchecked corporate greed. Michael,I couldn’t agree more… AMEX is not only a predator but a pack of thieves! I had the misfortune of giving these people 10 years of business only to have them cancel my Platinum card account (which was current) because of inaccurate entries on my credit report. Closing the account is not the issue since I was going to close it anyway due to their egregious $450 membership fee. Only a moron or someone wanting to throw money away would “pay” these people hard earned money to a MEMBER just so they can make money off of you. The real clincher was the fact they erased 506,000 points that I had earned over the 10 year period when they closed my account without notice…
I plan to hire an attorney and make a case out of this blatant and unchecked corporate greed.

]]> By: John http://www.all-encompassingly.com/american-express-one-card/comment-page-1/#comment-156547 John Mon, 15 Dec 2008 15:50:09 +0000 http://www.all-encompassingly.com/american-express-one-card/#comment-156547 Amex is just horrible, check my blog. http://amexonlinebank.blogspot.com/ Amex is just horrible, check my blog.

http://amexonlinebank.blogspot.com/

]]> By: RayF http://www.all-encompassingly.com/american-express-one-card/comment-page-1/#comment-144213 RayF Thu, 09 Oct 2008 01:12:14 +0000 http://www.all-encompassingly.com/american-express-one-card/#comment-144213 How the hell do Canadians get The American Express One Card. I see the one for our American friends and a vague process inferred as to what to do if you are Puerto Rican or foreign to the USA proper. But try as I might I couldn't envoke the process, WHAT GIVES are we commies or what? RayF How the hell do Canadians get The American Express One Card. I see the one for our American friends and a vague process inferred as to what to do if you are Puerto Rican or foreign to the USA proper. But try as I might I couldn’t envoke the process, WHAT GIVES are we commies or what? RayF

]]> By: Michael Gordan http://www.all-encompassingly.com/american-express-one-card/comment-page-1/#comment-143971 Michael Gordan Tue, 07 Oct 2008 22:10:03 +0000 http://www.all-encompassingly.com/american-express-one-card/#comment-143971 Make no mistake, American Express is a predator. Their interest rate when no one is looking is 26.999%. I have been a customer for over 30 years and I am leaving, I can not do business with rapists. Financial institutions are the reason Americans are in such straits. I am lucky, I can pay AMEX off and get out, most of the country can't. BEWARE, American Express is one of the major predators out there. Make no mistake, American Express is a predator. Their interest rate when no one is looking is 26.999%. I have been a customer for over 30 years and I am leaving, I can not do business with rapists. Financial institutions are the reason Americans are in such straits. I am lucky, I can pay AMEX off and get out, most of the country can’t. BEWARE, American Express is one of the major predators out there.

]]> By: Daniel http://www.all-encompassingly.com/american-express-one-card/comment-page-1/#comment-89900 Daniel Fri, 22 Feb 2008 03:14:26 +0000 http://www.all-encompassingly.com/american-express-one-card/#comment-89900 There is one topic that no one has mentioned yet: the annual fee. To be considered a self-sufficient "rewarding" card, you also must pay attention to the $35 annual fee. While a one time a year fee doesn't seem like too much of a problem, when you factor that into the 1% savings account, you could easily be paying AmericanExpress for the ability for them to take your money; that is, if you do not spend enough. Step 1) A $35 fee would require you to charge at least $3500 per year. For those that use multiple cards regularly, this could be a point to consider. This breaks down to $291.67 per month. Not too bad, but still a point to consider. Step 2) Technically, you could really spend less than the amount above to consider the card self-sufficient. When you factor in the current rate for the savings account, the interest you earn on the amount of money that is contained in that account would/could pay for the fee. As the amount earned is dependent upon the amount contained in the account, I will let you figure that yourself. The rate of savings was originally 3.5% in 2005 and is now at 4.0%. This rate does change depending on the current market. In closing, for the person who pays off the balance of the account every month, when considering the relative spending amounts on a month-to-month basis, this would be a good offer. That is precisely why as Americans we have the ability to choose from any offer we would please. Those who do not research and consider the real 'benefit' of the offer can be duped into the problems listed in previous posts. This card is for the following person: 1) Those who would like a small-scale savings account that can keep relative pace with inflation (verses losing to it) 2) Those who also do not want to open a CD, invest, etc. 3) Those who would like to be able to track their savings online 4) Those who would like to access their savings money via 500,000 ATMs worldwide 5) Those who have considered relative amounts of annual transactions. Final note: I do not work for AMEX, but I seemingly love the word 'consider.' There is one topic that no one has mentioned yet: the annual fee. To be considered a self-sufficient “rewarding” card, you also must pay attention to the $35 annual fee. While a one time a year fee doesn’t seem like too much of a problem, when you factor that into the 1% savings account, you could easily be paying AmericanExpress for the ability for them to take your money; that is, if you do not spend enough.

Step 1)
A $35 fee would require you to charge at least $3500 per year. For those that use multiple cards regularly, this could be a point to consider. This breaks down to $291.67 per month. Not too bad, but still a point to consider.

Step 2)
Technically, you could really spend less than the amount above to consider the card self-sufficient. When you factor in the current rate for the savings account, the interest you earn on the amount of money that is contained in that account would/could pay for the fee. As the amount earned is dependent upon the amount contained in the account, I will let you figure that yourself. The rate of savings was originally 3.5% in 2005 and is now at 4.0%. This rate does change depending on the current market.

In closing, for the person who pays off the balance of the account every month, when considering the relative spending amounts on a month-to-month basis, this would be a good offer. That is precisely why as Americans we have the ability to choose from any offer we would please. Those who do not research and consider the real ‘benefit’ of the offer can be duped into the problems listed in previous posts.

This card is for the following person:
1) Those who would like a small-scale savings account that can keep relative pace with inflation (verses losing to it)
2) Those who also do not want to open a CD, invest, etc.
3) Those who would like to be able to track their savings online
4) Those who would like to access their savings money via 500,000 ATMs worldwide
5) Those who have considered relative amounts of annual transactions.

Final note: I do not work for AMEX, but I seemingly love the word ‘consider.’

]]> By: sebastian http://www.all-encompassingly.com/american-express-one-card/comment-page-1/#comment-83036 sebastian Tue, 22 Jan 2008 23:17:24 +0000 http://www.all-encompassingly.com/american-express-one-card/#comment-83036 Anyways, besides the savings account, would you recommend this card? (is it a good credit card to have?) Anyways, besides the savings account, would you recommend this card? (is it a good credit card to have?)

]]> By: four years of insults :: all-encompassingly :: blog http://www.all-encompassingly.com/american-express-one-card/comment-page-1/#comment-64584 four years of insults :: all-encompassingly :: blog Mon, 17 Sep 2007 18:01:32 +0000 http://www.all-encompassingly.com/american-express-one-card/#comment-64584 [...] –Brad, Jan 2006 [link] Yikes!….I’m just at a loss for words….Your analogy is narrow-minded and disappointing. [...] [...] –Brad, Jan 2006 [link] Yikes!….I’m just at a loss for words….Your analogy is narrow-minded and disappointing. [...]

]]> By: Fortune 500 Blog Review: American Express http://www.all-encompassingly.com/american-express-one-card/comment-page-1/#comment-45786 Fortune 500 Blog Review: American Express Fri, 04 May 2007 06:27:38 +0000 http://www.all-encompassingly.com/american-express-one-card/#comment-45786 [...] Oops! The first entry that came up in both “American Express Blog” and “Amex Blog” was this - AmexSux.com. Not a very good thing to have listed first. Also among the entries are some commentary about misleading commercials and a ProBlogger.net entry about American Express paying bloggers to write. [...] [...] Oops! The first entry that came up in both “American Express Blog” and “Amex Blog” was this – AmexSux.com. Not a very good thing to have listed first. Also among the entries are some commentary about misleading commercials and a ProBlogger.net entry about American Express paying bloggers to write. [...]

]]> By: Steve B http://www.all-encompassingly.com/american-express-one-card/comment-page-1/#comment-44734 Steve B Thu, 26 Apr 2007 22:42:01 +0000 http://www.all-encompassingly.com/american-express-one-card/#comment-44734 American Express is just as bad as all the rest of the card companies out there. For those of you that don't know about universal default is, basically this gives the creditor the ability to raise your interest rate up to the default rate which by the way is between 28-30+ percent. They do this by checking your credit report and if you have gone behind with anything else that gets reported they can raise your rate. Amex does it alot I didnt realize this happened to me until I got stuck with a rate that I couldnt handle. American Express is just as bad as all the rest of the card companies out there. For those of you that don’t know about universal default is, basically this gives the creditor the ability to raise your interest rate up to the default rate which by the way is between 28-30+ percent. They do this by checking your credit report and if you have gone behind with anything else that gets reported they can raise your rate. Amex does it alot I didnt realize this happened to me until I got stuck with a rate that I couldnt handle.

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