Question: Is Discover Or AMEX Better?

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 Discover or Visa better?

Visa, you’ll find a lot to like from both camps, such as Discover’s lack of foreign transaction fees or Visa’s wide global acceptance. The main difference you’ll see is that Discover issues its own cards. In other words, it’s a credit card issuer in addition to being a card network. Visa emerges as the winner in most.

Are American Express credit cards good?

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.

Does Amazon accept Discover?

Amazon Pay accepts credit and debit cards and transfers from your available Amazon Pay account balance. Credit cards currently accepted include Visa, Mastercard, Discover, American Express, Diners Club, and JCB. An Amazon.com store card is available for use with selected merchants.

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.

Why isn’t Amex accepted everywhere?

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 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.

Why is AMEX better?

In general, Amex cards offer better rewards, because Amex charges a higher discount rate and passes some of that extra value back to its cardmembers. In particular, the Membership Rewards program is considerably better than any comparable program offered by other issuers.

What is special about American Express?

American Express credit and charge cards come with a variety of benefits in the form of rewards points and travel perks. American Express also offers numerous branded prepaid debit cards. Its prepaid debit cards can be used as gift cards or special purpose reloadable payment cards.

How many credit cards should I have?

The short answer: you should have at least two – ideally each from a different network (Visa, Mastercard, American Express, Discover, etc.) and each offering you a different kind of rewards (cash back, miles, rewards points, etc.). How many credit cards is too many?