- Is Discover and American Express the same?
- Is AmEx or discover more widely accepted?
- Is American Express the best credit card?
- Why do so many places not accept American Express?
- Why is Amex different?
- Who accepts American Express?
- Why Discover is not accepted?
- Where Discover is not accepted?
- Is American Express prestigious?
You’ll want to look at welcome offers, rewards and secondary benefits.
Overall, American Express is better for travel cards, while Discover is better for cashback cards.
Is Discover and American Express the same?
One other big difference between American Express and Discover is that American Express offers some charge cards but Discover does not. Charge cards are credit cards that require you to pay your bill in full each month to continue making purchases.
Is AmEx or discover more widely accepted?
In the U.S., Discover is also widely accepted nearly everywhere that takes credit cards, but AmEx has a slight advantage. According to data from the February 2019 Nilson Report industry newsletter, Discover is accepted by 96% of U.S. merchants.
Is American Express the best credit card?
American Express is one of the leading card issuers in the United States. It’s known for its top-notch customer service and some of the best rewards available. From ultra-elite business travel cards to everyday rewards, American Express has credit cards that are a good choice for many different types of cardholders.
Why do so many places not accept American Express?
All credit card issuers charge a fee, but not all issuers charge the same fee. Because of this set up, merchants can choose which credit cards they want to accept. The different fees often make or break a deal for a merchant. This is why many merchants, especially small businesses, don’t accept American Express.
Why is Amex different?
American Express has a somewhat different business model than other card issuers. Instead of aiming to make the majority of its income from interest, Amex makes its money from swipe fees charged to merchants and annual fees charged to its customers.
Who accepts American Express?
Retailers that accept American Express
|American Eagle Outfitters||Yes|
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Why Discover is not accepted?
Why You Can’t Use an Amex or Discover Credit Card at Some Stores. According to Discover, it charges comparable rates and its cash back bonuses incentivizes patrons to spend more money at businesses and places that accept Discover cards. Amex processing fees are much higher, ranging from 2.3 percent to 3.5 percent.
Where Discover is not accepted?
One of the biggest retailers that don’t accept Discover cards is Costco, a wholesale warehouse club. Costco has an exclusive partnership with Visa to only accept Visa credit cards in exchange for a lower merchant fee rate.
Is American Express prestigious?
The Platinum Card® from American Express is arguably the most prestigious card on the market. It offers an intro bonus of 60,000 Membership Rewards® Points and up to 5x Membership Rewards points on purchases.