Originally Posted by
stimpy
Amex works for all major purchases in Europe. And for all AF/KL/Accor purchases I get bonus points. For the small stuff, I have Euro-based visa cards that earn award points.
But the real answer depends on your travel patterns. If you go to one country or region (EU) often, then it may make sense to get a local credit card. If you have the shotgun approach, and you are US-based, then Schwab may make the most sense.
Sounds like this works well for you but your spending and travel patterns seem pretty unique.
The AF Amex carries a hefty fee after the first year. And Amex clearly does not have the general acceptance in Europe that it has in the USA. I've priced the AF card several times and even with a fair amount of time in Euroland, I just can't make the numbers work. Those EQMs are very attractive, though, if one has enough action to get status on AF.
I once had high hopes for HSBC but, as you mentioned, it seems they want big minimums to avoid fees.
I hope if Schwab does rethink its card, it will not cut it out but perhaps continue it for those who have or start a significant relationship with Schwab.