American Express Membership Rewards - AMEX just lost my comapny's business

Our firm (100,000+ worldwide employees) has ditched Amex; they now use Diners.

I heard the reason was because the annual fee was too high. I am amazed--at the amount of expenses we charge, I just thought they would have waived any annual fees in light of all the commissions.

Is this not SOP to waive annual fees for such a large company, and revneue generator?

Well, there are many companies dropping Diners for Amex. Mine is one of them.

Gawd, I love my corp AMEX, but I just heard for my company 300,000+ employees, is now issuing only Diner's to new employees! I hope they don't take mine away..
-Shaown

I know of an international professional services company which has revenue in excess of $6 billion in the US alone that's giving up Amex in favour of Diners.

I can't remember why though.

My firm (100,000 employees worldwide) dropped AMEX last month and now only offered DC.
We had a choice before between AMEX and DC, but now my AMEX was taken away and I received new DC card.
I personally do not care because I have my own AMEX card, but I am curious why?

Because Citicorp who owns USA Diners waived the annual fee and offers 60 day terms instead of the 30 day terms from AmEx.

I think the 60 day term has a lot to do with it.

If AMEX were to change to 60 day terms, Diners would likely go under.

KC & Babu:

You wouldn't happen to work for the same accounting firm, would you?

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Moriarty:
KC & Babu:

You wouldn't happen to work for the same accounting firm, would you?</font>

And if this is the same accounting firm that I think Moriarty mentioned, I am going to miss the corporate AMEX card. Besides hotels, restaurants and airlines, how many retailers take DC?

Ok ... own up!

How many of you guys are CPAs?! http://www.flyertalk.com/forum/biggrin.gif

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Moriarty:
Ok ... own up!

How many of you guys are CPAs?! http://www.flyertalk.com/forum/biggrin.gif</font>

Well, I'm neither a CPA nor an accountant or auditor. I'm in the IT/Technology side of that said company. http://www.flyertalk.com/forum/biggrin.gif

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by West-Indies:
I think the 60 day term has a lot to do with it.

If AMEX were to change to 60 day terms, Diners would likely go under.</font>


Actually you do have almost 60 days to pay your bill.. I have posted this in the past..

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by DelrayChris:

Actually you do have almost 60 days to pay your bill.. I have posted this in the past..

</font>

60 Days? I didn't know. Could you please explain.

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by West-Indies:
60 Days? I didn't know. Could you please explain.</font>

It has to do with the billing cycles...

Billing cycles:

1. 11/27 - 12/26
2. 12/27 - 01/26

I am making charges from billing cycle 1 as we speak. This bill [billing cycle 1.] is not considered late as long as the payment is posted on or before the end of billing cycle 2.

So in effect, you are charging things starting on 11/27, but post payment until 01/26.

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by DelrayChris:
It has to do with the billing cycles...

Billing cycles:

1. 11/27 - 12/26
2. 12/27 - 01/26

I am making charges from billing cycle 1 as we speak. This bill [billing cycle 1.] is not considered late as long as the payment is posted on or before the end of billing cycle 2.

So in effect, you are charging things starting on 11/27, but post payment until 01/26.</font>

Okay, I understand what you are saying. However, I always looked at is as 30 days to pay from the statement closing date.
Therfore in your case, you have 30 days from 12/26 to pay your 12/26 statement total. Which means you have to pay by 01/26.

If it were Diners Club you would have 60 days to pay from the 12/26 statement date.



[This message has been edited by West-Indies (edited 12-14-2002).]

come work for my IT/Technology firm and you can get those AMEX pts
Also no more accountants in ours

I don't know about KPMG but I heard that Accenture were giving up/given up Amex as well as D&T.

There we go, some companies named! http://www.flyertalk.com/forum/smile.gif