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The Amex F/X scam continues-- time to contact Spitzer?

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The Amex F/X scam continues-- time to contact Spitzer?

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Old Jan 14, 2005, 1:17 pm
  #91  
 
Join Date: Mar 2001
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Originally Posted by xyzzy
Do you think we need to supply all card numbers? If so, on a single form? Just the latest number? It doesn't really say, though I could call the number on the papers...
Yeah, Amex really should know all of your other card numbers, so you shouldn't have to, but who knows. I tried calling the number, and it's just tons of prerecorded stuff. I realized it won't be easy to find those old numbers, so I probably won't bother. Seems like an awful lot of work for maybe $20 more. There's no way in hell that Amex is going to reach that $70 million payout, IMO.

Originally Posted by Ex Amex Card
This website is virtually nothing except a form which asks for your card numbers and billing address and send it to a PO Box Address.

Does this ring alarm bells with anyone else?
Well, you should also receive a paper mailing. The toll free number works. And the site whois lists American Express as the registrant. I was a little skeptical of the aexp.com, but americanexpress.com has the same contacts listed.
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Old Jan 14, 2005, 3:47 pm
  #92  
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Originally Posted by xyzzy
Just today I received notice about either the same or a similar class action case, Edward LiPuma vs. American Express Company, et al. It relates to foreign conversion fees charged between February 1, 1999 and October 15, 2004. Info on that can be found here: http://www.lipumasettlement.com


Are these cases the same? If I belong to the class of this one will I be excluded from the other one?

Also, it asks for my account number on the class action member form. I assume that my account number is the same even though my card number has changed a couple of times and that they'll be able to figure it out. Opinions?
got mine today too!
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Old Jan 14, 2005, 3:49 pm
  #93  
 
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I have all of my Amex account numbers (corporate, platinum, starwood, and delta), but do I need to submit just one form or 4 separate forms? I tried calling the phone number but didn't find the answer. Is anyone submitting multiple forms or are you just listing all of your account numbers on one?
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Old Feb 13, 2005, 9:15 am
  #94  
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Does anyone have any more info on the setlement, particularly with regard to multiple accounts & submission of multiple forms? (see above)
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Old Feb 14, 2005, 12:50 pm
  #95  
 
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Anyone from the UK claiming this as well?
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Old Feb 14, 2005, 6:45 pm
  #96  
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There is a Class Action under way now. I keep getting letters from them, referring to the "LiPuma Settlement", although it may be specific to only one country (Turkey is mentioned).
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Old Feb 14, 2005, 8:20 pm
  #97  
 
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Originally Posted by xyzzy
Does anyone have any more info on the setlement, particularly with regard to multiple accounts & submission of multiple forms? (see above)
xyzzy,

While I haven't heard anything directly from LiPuma, my company told all corporate card holders to submit separate forms for each account. However, after I read the settlement, I'm not sure this is necessary.
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Old Feb 27, 2005, 5:52 am
  #98  
 
Join Date: May 1998
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Originally Posted by PhilC
I have all of my Amex account numbers (corporate, platinum, starwood, and delta), but do I need to submit just one form or 4 separate forms? I tried calling the phone number but didn't find the answer. Is anyone submitting multiple forms or are you just listing all of your account numbers on one?
I believe all of your AMEX cards are linked in their records (after all, each one gives the same "member since" date), so if you give them one number (probably your charge card rather than one of the credit cards) they can locate the rest automatically.

That said, I'm submitting one claim, but annotating the numbers of all of my AMEX card accounts on that claim.

P.S. I'm not sure if that includes corporate cards (I don't have one), since they may be linked to the company rather than to you personally.
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Old Mar 1, 2005, 7:50 pm
  #99  
 
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I just found out about the Lipuma settlement last week since I am overseas and not seeing my mail. It seems that this means it is too late to opt out of the settlement because of the Feb 14 deadline.

When did the actual mailing reach most of you?

Any significant reasons to go with one of the other suits/claims?
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Old Sep 11, 2005, 3:42 pm
  #100  
 
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What's AMEX' F/X practice going forward?

OK, so the class action settlement may take care of these previous issues, but what is their current practice - are they actually following their T&Cs? Any recent experiences to report? Should I just skip AMEX in favor of DC/MC or some other MC or Visa when I travel to Europe next month?
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Old Sep 12, 2005, 12:26 am
  #101  
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Just used it in Canada as a test and they're still charging 2% plus a bad exchange rate.

QL
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Old Sep 12, 2005, 5:49 am
  #102  
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Originally Posted by QuietLion
Just used it in Canada as a test and they're still charging 2% plus a bad exchange rate.

QL
I have always felt that American Express uses a bad rate for foreign exchange transactions, this thread makes me see that I'm not alone. Will be using my Capital One M/C for foreign purchases (market rate conversion, no 1% fee).
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Old Sep 13, 2005, 11:40 pm
  #103  
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Recently on a trip to Israel, Amex was giving me 4.4 NIS/$, while the bank gave me 4.49NIS/$ on ATM withdrawl, including whatever fee they tacked on for using a foreign ATM.

Given that CC companies already get 2-3%, I find it outrageous that they charge this fee.
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Old Jan 12, 2007, 4:53 pm
  #104  
 
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Anything recent?

Does anyone have any updated info on this? I'm getting an SPG Amex for myself, and thinking about getting one for my company. We will use it overseas very often. Is it a bad idea? Or has AMEX mended their ways?
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Old Jan 13, 2007, 3:46 am
  #105  
 
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Originally Posted by Capite
Does anyone have any updated info on this? I'm getting an SPG Amex for myself, and thinking about getting one for my company. We will use it overseas very often. Is it a bad idea? Or has AMEX mended their ways?
If you want a credit card to use for different currencies then get one that doesn't charge a conversion fee or cash advance fee at all. There are a few cards around which give you the bank rate with no markup.

Amex is not one of them.

Have a look at http://www.flyertalk.com/wiki/index....reign_Exchange
Ex Amex Card is offline  


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