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I use my Amex for everything I can to maximize my points (gas, groceries etc etc). If it came comes to a store that takes Amex and one that doesn't (everything else being equal) I shop at the Amex friendly store
 
Amex charges higher usage fees that just about every other card company.

The typical Master Card/Visa providers charge the vendor 2.5% of the transaction.

Some of the ones that give you special points/bonus stuff (airmiles or the like) can run upwards of 4%.

Amex has always been higher and at least at one time they didn't pay the retailer until they received payment (on their cards where the whole balance had to be paid off monthly).

So when you are trying to stay "competitive" you have probably built in 2.5% to your selling price to cover "transaction fees", much more than that and you may not be making enough to make the deal worthwhile.

Big box stores can "eat" that cost because overall it averages out (debit has uber cheap "fixed" transaction fees) but if you have to give a card company 5% of a 2K purchase that may have been your whole "margin" if you are a smaller operation that operates almost exclusively on credit card sales.

(our "transaction fees" for fiscal 2014 topped 75K - ya, 75,000 bucks just for taking plastic - you know our customers had that added in to the cost)
 
I have an Amex savings account. The upside is that they need a blood sample to access it or change the autodebit. You wouldn't believe how easy it is to save when you're not allowed to withdraw.
 
I've had my Amex since 1985. It's always the first card I pull out. As i said above, if I'm shopping online and the site doesn't take Amex I'll usually see if I can find the item somewhere else that does
 
And have you seen how much Costco is promoting its new relationship with Capital One MasterCard? I've never seen such a public display of affection.
Amex can go away, I stopped offering it in my office years ago. Horrible fees and nothing to show for it.
 
...I love my Master Card... only had one problem with them and where I was told that I could not buy firearms with my card about a year after I got about three of them with it. I talked to customer services and it was made VERY clear to me that, what I had been told in writing with their letter head was very much wrong and I could buy .50 caliber machine guns as they said if I so choose.

they then Applied a $500.00 credit to my account that promptly shut me up about it.
 
Well, I love my Amex. First of all you have to pay it every month, which keeps me above water.
Second, the insurance is great. I bought flat screen tv, broke after it slipped inside my truck, Amex covered it. I burned an engine block of my rental cat in Honduras, Amex covered it.
Security is awesome, I can't say enough. I bought all my firearms with Amex. Look at all the other banks, they are ANTI_GUN.
Go AMEX
 
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