Originally Posted by sbbbjm
'to be completely honest, its too keep the riff raff out. poor people can't afford amex.'
Well, I hate to think of her marketing grades in college. I can't begin to count the number of (unemployed) college students that got Amex's when I was in school. AMEX almost puts a gun to your head to take it. And yes, I know that future college grads seem like a good base to tap into, unfortunately most of those kids went "belly up" in debt before they even left school and AMEX was left holding the bag. Also, to say that only the riff raff carry Mastercard and Visa is, quite frankly, stupid. Amex charges higher fees to both the customer and the business. If you are smart with your money (as either a business or consumer), you wouldn't have an AMEX as there are cheaper alternatives. AMEX's pitch is one of prestige, but I don't need a green/gold/black card to make me feel prestigious if I am spending a couple of thousand in a store. BTW, NM also own Bergdorf's and Bergdorf's, which is no less prestigious, takes whatever the hell you want to pay them with. I happily and proudly use my cheap looking debit Mastercard whenever I shop and those stores that don't take it don't get my business. I will admit to having a BG card which my wife uses at Neiman's