Having previously had an amex (2010) and getting rid of it due to high individual merchant transaction fees in Australia, I am wondering if it has improved now or if it still has the highest merchant fee of all credit cards? Could not see anywhere in your comparison or calculators that this was accounted for?
AMEX still charges businesses the highest fees amongst all the card networks but not everyone passes these fees on to you, the consumer. The major supermarkets for example has no surcharges whether you use AMEX or Visa or Master, etc. Some don’t accept it outright and some do pass on the surcharge. You just have to decide whether its worth it for the extra rewards you’ll get with the card. On the whole, I’d say that the situation has improved a lot since a decade ago, with much wider acceptance and minimal fees on most of my AMEX purchases.
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