I think AMEX is unlimited.
Card offers are normally country specific. There is no point in suggesting a card if either:
1. they won't give it to you because your address is overseas
2. the forex charges on the repayments are more than the cashback
I am looking for CC in US.
Mine maxes out at $5k, gives no rewards and gets put on hold if I spend too quickly! I'd also like to find a good card with incentives. It was through FIA card services....stay away.
[edited by: Timetraveler at 8:23 am (utc) on April 21, 2009]
I use the Costco AMEX. I use it for the exact reasons you do and because I am a Costco Exec member there is no fee. Even if you don't use or want to use Costco, I have always found AMEX to have the best reward percentages.
Our company uses AMEX as well because they give points, miles etc. Our CEO just redid his kitchen and was able to purchase about 10K in appliances through the built up points. :)
I know a guy that used his cc points to buy airline vouchers and started a business selling them. He made a fortune until they figured out what he was doing and closed the loophole.
I wasn't aware any of the AMEX cashback cards had fees. (But maybe it's because I'm also a Costco Exec member?) I know several of their other cards charge fees (Gold, Platinum, etc.). I keep getting flyers encouraging me to signup for an annual fee card and they'll waive the first year's fee. Remind me again why I would WANT to pay an annual fee for an AMEX card that doesn't give any rebate or miles when I have a fee-free one that does!
One downside with AMEX is that it seems fewer and fewer merchants are accepting them. And from a merchant's perspective, I complete understand why (I'm made several anti-AMEX posts here from the merchant's perspective).
So we also have a couple of non-AMEX rewards cards to use with merchants that don't accept AMEX. Our Office Depot Visa gives 1-2% cashback and 5% cashback for purchases at Office Depot. We don't need office supplies very often (and usually buy at Staples anyway because of convenience plus AMEX gives, or at least gave, an extra cashback there). Also have a Capital One card that gives miles, although rarely use it- prefer the cash to miles.
For further research, CitiBank has a huge array of different cards. Have fun mixing and matching cashback, miles, "thank you" points, etc. You can also get more points for opening up different accounts (savings, checking, etc.) with them.
Yes, that is a big problem.
>>One downside with AMEX is that it seems fewer and fewer merchants are accepting them.
AMEX is about the best for buyers, agreed though a real nightmare for small merchants and intermediaries.
I am getting 4% cash on purchases using AMEX Platinum.
For petrol I use AMEX Nectar and get 4 Nectar points per £1, instead of 1 (you need to present a Nectar card & AMEX Nectar when paying) this one is unlimited and indefinete.
Also if you use an online cashback co-op like quidco, you can get another 2-4% for many purchases.
I have a business card that has an ok reward program, but I also use a card that is through British Airways and I earned enough last year for two round trip tickets to Italy so it does add up over time.
If you are interested in this card it is offered by Chase and is their British Airways Reward Card