They say I’m unusually loyal when it comes to credit card providers. When Costco stopped accepting American Express cards, I actually cancelled my Costco membership (you can read about that here). Friends often laugh at me when we go out for dinner or drinks and I throw my Amex card on the table at the end of the night, while they’re struggling with their Visa debit or, even worse, cash. Laugh all you want – but be sure to read this article and then decide…
If you have a credit card in your wallet, chances are it has a VISA or MasterCard logo on it. What’s the difference? MasterCard and VISA rely on partnerships from different banks in the world. They don’t issue any card of their own – it’s all through their partner banks. VISA and MasterCard simply sell their payment methods, not their cards. MasterCard and VISA charge their partners, the banks, a fee for using their payment system. That’s how they make money. And they do it well – their payments systems are used by thousands of banks worldwide.
American Express works in a different way: they have both the payment methods and issue their own cards. This means American Express runs everything themselves, and they’re independent from credit card companies like VISA and MasterCard. They don’t need to rely on banks or the payment systems of VISA and MasterCard because they literally run their own show.
Unfortunately for Amex members, VISA and MasterCard are still a more accepted payment method. Some vendors still won’t accept American Express cards. I’ll avoid those vendors if I can, but it doesn’t always work that way, so I carry a backup VISA card from my bank. Vendors blame their non-acceptance of AMEX on the higher rate – which could be partially true, however for all my businesses I accept all cards and the providers charge me the same (low) rate. If I can do it, why can’t larger retailers do the same?
American Express has huge advantages. They’re widely popular in North America and Europe where this card offers great benefits and rewards. They best part? Their customer service is second to none.
Here are two different cards that American Express offers their Canadian clients:
Full disclosure – if you sign up for any of these cards I do get a referral bonus as well. I use both these cards myself every day and only refer them because I love them myself. I am grateful to be of service and bring you content free of charge. Your support in purchasing through these links enables me to empower more people worldwide “just fly”. Thank you! 🙂
The American Express® AeroplanPlus® Gold Card
- Earn 1 Aeroplan®* Mile for every $1 of Card purchases up to $10,000 annually, and 1.25 Aeroplan Miles for every $1 of additional Card purchases over $10,000 annually.
- No annual fee for up to two Supplementary AeroplanPlus Gold Cards.The annual fee for additional Supplementary AeroplanPlus Gold Cards3 is $50 each
Earn 15,000 Bonus Aeroplan Miles through my referral offer when you charge $1,500 in purchases to your Card in the first three months of membership. Offer subject to change at any time.Learn more about Amex Gold
The Business Platinum Card® from American Express
- Earn 1.25 Membership Rewards® points for every $1 in eligible purchases charged to your Card.
- Transfer your points, at no charge, to many frequent flyer and other loyalty programs.
- Interest-Free Days. Maximize your cash flow with up to 55 interest-free days.
- Expense Management Reports. Quarterly and annual reporting that makes record keeping, expense tracking and tax preparation easier.
- Access to over 850 airport lounges around the world.
- Extras at over 825 world-class properties in the Fine Hotels & Resorts Program.
Earn 75,000 bonus Membership Rewards® points through my referral offer below (enough for one or more free flights, depending on where you’re going!). All you have to do is charge $5,000 in purchases to your Card in the first 3 months of Cardmembership. Offer subject to change at any time.Learn more about Amex Platinum
Read more about travel hacking in The Freedom Project
Do You Dream of Traveling the World… and flying for free? The Freedom Project shows a new approach to travel as a lifestyle. Travel has countless benefits to all areas of life, and they are available to everyone. This book is the liberating blueprint for finding freedom and happiness in your traveling life.