What would you pay for a FX fee-free SPG AmEx?
Jun 29, 2014, 4:03 pm
#1
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What would you pay for a FX fee-free SPG AmEx?
With a nod to Gary's article on the subject - how much, if any, would you all be willing to pay to get a FX-fee free AmEx?
To me I'd have no issue paying an extra $20-$30 for it (which would be in line with the CSP annual fee, and others that don't have the fee).
I COULD use the SPG AmEx on my business trips and get reimbursed for the 3% (I never use it on personal trips)...but it feels scummy on my expense report. Esp. since FX fee-free cards are plentiful these days. Thus, it stays in the drawer and the CSP gets all the spend.
Curious what others think (and I know there are threads on "why does the AmEx have the fee...this is more about willingness to pay).
To me I'd have no issue paying an extra $20-$30 for it (which would be in line with the CSP annual fee, and others that don't have the fee).
I COULD use the SPG AmEx on my business trips and get reimbursed for the 3% (I never use it on personal trips)...but it feels scummy on my expense report. Esp. since FX fee-free cards are plentiful these days. Thus, it stays in the drawer and the CSP gets all the spend.
Curious what others think (and I know there are threads on "why does the AmEx have the fee...this is more about willingness to pay).
Jun 29, 2014, 5:20 pm
#2
Join Date: Jan 2013
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With a nod to Gary's article on the subject - how much, if any, would you all be willing to pay to get a FX-fee free AmEx?
To me I'd have no issue paying an extra $20-$30 for it (which would be in line with the CSP annual fee, and others that don't have the fee).
I COULD use the SPG AmEx on my business trips and get reimbursed for the 3% (I never use it on personal trips)...but it feels scummy on my expense report. Esp. since FX fee-free cards are plentiful these days. Thus, it stays in the drawer and the CSP gets all the spend.
Curious what others think (and I know there are threads on "why does the AmEx have the fee...this is more about willingness to pay).
To me I'd have no issue paying an extra $20-$30 for it (which would be in line with the CSP annual fee, and others that don't have the fee).
I COULD use the SPG AmEx on my business trips and get reimbursed for the 3% (I never use it on personal trips)...but it feels scummy on my expense report. Esp. since FX fee-free cards are plentiful these days. Thus, it stays in the drawer and the CSP gets all the spend.
Curious what others think (and I know there are threads on "why does the AmEx have the fee...this is more about willingness to pay).
For other international spend (restaurants, transport, etc), I'd probably use my bonus category cards that also waive FX fees over a no-FX SPG Amex.
I suppose the benefit would be shopping abroad. Meh.
Jun 29, 2014, 5:44 pm
#3
Join Date: Apr 2005
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I wouldn't be happy if they raised the annual fee more than $10-15 and this was the only feature added. If they offered another card, a more premium card with an annual fee closer to $200 but with no-fx, maybe increased earning on bonus categories, etc, I'd be all over it.
Personally, I think the AF for this card is so reasonable I almost feel guilty calling to complain about it every year.
The FX fee is annoying, but I'm happy to use the Platinum or another card outside the US.
If they waived the FX fee for SPG properties, and didn't increase the AF, that would be a win!
Personally, I think the AF for this card is so reasonable I almost feel guilty calling to complain about it every year.
The FX fee is annoying, but I'm happy to use the Platinum or another card outside the US.
If they waived the FX fee for SPG properties, and didn't increase the AF, that would be a win!
Jun 29, 2014, 5:49 pm
#4
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I think it would be an awesome idea.
Now if only Singapore were introduced these cards...
Now if only Singapore were introduced these cards...
Jun 29, 2014, 6:31 pm
#5
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I wouldn't pay anything. I have several forex-free cards, most of which are fee-free already.
Jun 29, 2014, 7:08 pm
#6
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Jun 29, 2014, 7:23 pm
#7
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Jun 29, 2014, 9:47 pm
#8
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Jun 29, 2014, 11:11 pm
#9
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For no FX fee and no other changes, I'd probably pay another $10 to $20, but probably not more than that. Get rid of the FX fee and add a worthwhile bonus category or two and I'll happily live with CSP pricing or a bit more. Make the bonus category dining and you probably chase the CSP out of my wallet.
Jun 30, 2014, 12:36 pm
#10
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Agreed, I'd pay a little more... $20 annually max.
Jun 30, 2014, 12:47 pm
#11
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Anyways - I do think we will see movement on this at some point.
Jun 30, 2014, 1:28 pm
#12
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Same. They'd quickly pick up my international SPG spend if they offered this. (I might even put some other international purchases on it, as normally, my SPG card gets left at home when I travel abroad.)
Jun 30, 2014, 1:31 pm
#13
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I would pay what it is worth to me. ZERO. If they want to lose business to CSP, that is not a problem. AMEX is a secondary card, especially in Europe.
Jun 30, 2014, 9:02 pm
#14
Join Date: Apr 2012
Posts: 23
They'd have to give me double points on dining and travel. I got a CSP card this year because I knew I'd be traveling abroad AND most of my spend would be on dining and travel. If amex offered an spg card with no forex, double points on dining and travel for $95, I'd likely cancel my CSP. Until then, all of my dining and travel will go on my CSP. I will say though that I like the option of having more than one hotel chain available from a points perspective. Some of the hyatt properties have caught my eye recently.
Jun 30, 2014, 9:54 pm
#15
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I would pay more...sure
For those of us who do travel internationally and want the double Starwood points one gets by charging on the Starwood Amex....I would pay extra. I would pay $250 per year extra for no FX fees.
Chase Sapphire Preferred has few partners that I like and United recently Doubled the mileage required for a first class HKG-JFK ticket on their Star Alliance partners. So now I won't transfer to them anymore.....For my travel patterns, the CSP is getting less and less popular unless they find other transfer partners......
Cheers!
Chase Sapphire Preferred has few partners that I like and United recently Doubled the mileage required for a first class HKG-JFK ticket on their Star Alliance partners. So now I won't transfer to them anymore.....For my travel patterns, the CSP is getting less and less popular unless they find other transfer partners......
Cheers!