Amex in Spain - Forget it
The past 30+ places I have tried my amex in spain don't except them (mostly restaurants but including stores and supermarkets). Almost all restaurants seem to use hand-held devices now and none of them seem to take amex. It was bad last year, but this time it is 0%. Just a warning for those who are fixed on using amex.
|
The handheld devices sound as if they are the wireless Chip & PIN terminals. If you are still in Spain it would be useful to know if they are declining the card because it is American Express or because it does not have a Chip. How are you paying, with a USA-issued Mastercard or VISA?
|
Originally Posted by mia
(Post 14404317)
The handheld devices sound as if they are the wireless Chip & PIN terminals. If you are still in Spain it would be useful to know if they are declining the card because it is American Express or because it does not have a Chip. How are you paying, with a USA-issued Mastercard or VISA?
|
Originally Posted by erik123
(Post 14403559)
The past 30+ places I have tried my amex in spain don't except them (mostly restaurants but including stores and supermarkets). Almost all restaurants seem to use hand-held devices now and none of them seem to take amex. It was bad last year, but this time it is 0%. Just a warning for those who are fixed on using amex.
Given the structure of the banking system in Spain, I was actually pleasantly surprised at how much I was able to charge on my AMEX. I use my AMEX in the U.S exclusively and I seldom worry about it not being accepted; being in Spain (and most other European countries) I'm definitely a lot more conscious about non-acceptance and I carry two non-AMEX cards as backups. |
Originally Posted by Okto
(Post 14407940)
Given the structure of the banking system in Spain,
|
Hi, this is my first post in Flyertak!
As a spanish citizen and AMEX Plat cardmember, I know that AMEX coverage in Spain is not as good as the Visa/Master combo because of the higher fees that AMEX charges the vendors but in general is widely accepted except in (really) small businesses. |
Originally Posted by mia
(Post 14408299)
Could you elaborate?
The other 50% of the banking system is made up of something similar to a savings/loan thrift ("Cajas de Ahorros"), but these institutions are neither publicly traded, nor do they have discernible owners. Supposedly the depositors own the thrift, but in reality all decision-making is in the hand of a board appointed by the regional government (this translates into a lot of corruption, but that's not relevant right now for this discussion). So, we have, essentially, Santander, BBVA and regional thrifts. All of them massively push their own Visa, MC or Maestro product. While there is stiff competition between them, there's no competition outside Visa/MC products. It is common for banks to require having people direct deposit their pay check into a savings account before they are offered a credit card. It is also common for people to have their mortgage loan at the same institution where they have their savings account. So, banks manage to have very captive customers. Most merchants have business relationships with the major banks, and, as expected, the banks incentivize the acceptance of their credit card products by the merchant. Once people get their bank-issued Visa/MC, there is little reason for them to go get an AMEX card, unless they are frequent travelers. Separately, the average salary in Spain is ~ EUR 24,000/year. Most people treat their Visa/MC as debit cards and given their spending ability, they have little motivation to accrue points in an AMEX-style rewards card. I believe AMEX understands this and does not try to push their product on everybody like it does in the U.S. I remember seeing the application for the Platinum Card a few years ago and, in addition to being something like 6-8 pages long, requiring all sorts of documentation, it set a minimum income level of EUR 60,000 / year (not sure what it is today). |
Originally Posted by Okto
(Post 14409493)
I remember seeing the application for the Platinum Card a few years ago and, in addition to being something like 6-8 pages long, requiring all sorts of documentation, it set a minimum income level of EUR 60,000 / year (not sure what it is today).
The application for any credit card is so long due to the risk management applied in Spain, they evaluate you before issuing any card (not only amex) and create a risk profile. Of course you have to provide all kind of proof of income. The procces of getting an amex card may take up to a month But after you get the card they won't bother you with financial reviews unless your bank refuses a charge of the monthly bill, in that case they automatically cancel the card(s) |
Originally Posted by mia
(Post 14404317)
The handheld devices sound as if they are the wireless Chip & PIN terminals. If you are still in Spain it would be useful to know if they are declining the card because it is American Express or because it does not have a Chip. How are you paying, with a USA-issued Mastercard or VISA?
|
Originally Posted by erik123
(Post 14403559)
The past 30+ places I have tried my amex in spain don't except them (mostly restaurants but including stores and supermarkets). Almost all restaurants seem to use hand-held devices now and none of them seem to take amex. It was bad last year, but this time it is 0%. Just a warning for those who are fixed on using amex.
|
All times are GMT -6. The time now is 6:45 am. |
This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.