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It's a travel card with a gentleman's limit; that is no say, no fixed limit. It's not for budgeting; it's for having the ability to spend large amounts of cash, practically anywhere in the world, without hassle and without carrying any on you. If you need that, youmay need an Amex card. If you don't, you don't need it.
Debit cards are good, but they don't do the job when you're paying for a $3000 travel package or a $4000 video camera over the phone. Their limits are too low. Even a green Amex card will get you what you need in these cases.
I do use debit cards for everyday purchases, but my bank's daily credit limit on such cards is $700. For the occasional big ticket item, I use the Amex.
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