First, let me say before my husband and I became members with Amex, I always thought that they were the credit card (or charge card) for wealthy folks. I don't know why I had that idea, but every time I saw someone with Amex, I assumed they had "money". :-)
Moving on.....
Since becoming an AMex member I have grown to both love and hate American Express at the same time.
I love AMex because:
1. There is no limit. If some serious, "expensive" emergency comes up (outside of our E-FUND), we have AMex to use.
2. It has fantastic consumer protection in case we buy something and it breaks, Amex will cover it.
3. VERY easy to use website! This is so important to me. Sometimes banking websites lose me because its so difficult to follow and navigate a transaction.
4. The Reward Points! Restaurants, Clothing Stores, Travel Vouchers, etc......all FREE!
Now, onto the hate portion and its only 1 reason:
1. We get $1,000+ statements each month (although paid in full each time)!
Yes.....that wasn't a typo.
I'm not used to this.
Since we use the card for gas (2 cars), dining, gifts, repairs, clothing, groceries, misc., etc...it just pains me to see what we actually spend each month. It definitely opens my eyes to how much we actually spend when we use just 1 card for our purchases.
When using our bank account, other credit cards, and cash, its tough to see what we actually spend because it isn't all listed together in one place. Its almost like putting my head in the sand to avoid seeing the impending danger that's ahead.
My husband likes it this way, though.
He says it shows me how much we actually spend, he feels more comfy having all our our non-bill purchases on 1 card, and the reward points accrue faster as well.
I don't know......
........maybe that is a good thing, I guess.
I know one thing for sure; starting the next statement cycle, $1,000 will be a thing of the past.
My goal is to keep it $500 or less....we shall see!
Praying for good results & no good sales, lol!!
2 comments:
LOL about no sales!
It is amazing how much one can spend on things that you don't really need, that is why I stick with cash, but if your hubby wants it this way and you are not in financial trouble I would not rock the boat. Just know that you will always spend more with a Credit card. I love your blog by the way and I also like your values!
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