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i have had several credit cards, never missed a payment, never carried a balance, etc, and never have a fee.
They are definitely wonderful if you can budget yourself, you just can't spend more than you have or will have. I keep a largish savings account as well and just pay off the balance monthly as i am not going to pay interest unless...well, no, i hate paying interest, it's like paying an extra fee for owning something
But now, i carry an Amex Blue card, basically just a credit card wtih no annual fee and has amex's really good customer service behind it. seriously, you can call and a person actually answers the phone...a real live person, none of my other cards have had that.
I also carry a visa platinum that i've had since freshman year of college, and a Mastercard platinum that i've had for about 4 yrs.
They have never costed me anything and i have a reallllly good credit score bc of the massive amounts of use on them with a great record of paying them off monthly.
so no, i would not get an Amex gold or green or platinum card that carries a yearly fee. There just isn't a point to me.
I did find out that amex cards are preferred/honored in most foreign countries so you'll find them more with people who travel a lot. however, they do charge and extraordinarilly large percentage to businesses for accepting them. Like the local frame shop is charged 3% by both visa and MC, but 8% for Amex cards..
just learn how to budget your money, you can do just as well with a checkcard and checking account..
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Live.
Chris
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