Originally Posted by
SP03
I think that’s a bit judgmental. If they have money, why shouldn’t they spend it on things they enjoy? Some spend on food. Others spend on clothes. Let them spend on whatever brings them joy. And I was purely responding to the earlier post that even wealthy people don’t spend more than $50k on food a year.
Sure they have other cards they can use. But you are missing the whole point. It’s not that they don’t have a card to charge on. The limit of $50k a year on dining will affect people’s earning. Some people like having one card for all dining.
Judgmental, perhaps. I don't begrudge someone spending a thousand on a nice bottle of wine, but I think few Americans have the means to spend $1000+ on a single bottle of wine in addition to the cost of their meal, let alone do that regularly. $50k on dining is more than the individual median income in NYC ($76k HHI, $127k for family of 3). Now, granted the customer profile of your Amex cardholder is likely much higher income, but even so, $50k/yr. is a LOT of money to spend on restaurants alone. If anything, as
diesteldorf points out, I think this is a way to stop people from milking business lunch/dinner on their Amex Golds and expensing it (and encourage people to get a Biz Gold if that's really the case).
Originally Posted by
Kacee
The app is a breeze. If Amex nerfs the Shake Shack credit, I'm done.
I have this weird issue where they never seem to retain my login info due to how my account was created years ago (thru Facebook) and now I can't set a password or login. It's such a pain to use this, and the Shake Shack near me is abysmal (slow, poor service, cold food, etc.). I wouldn't say that I'm done with this card considering I have the corporate card rebate ($100) but from an incremental cost perspective, I think the SavorOne just got much more attractive in comparison. Has practically all the same multipliers (better even) and no concern over Amex acceptance.