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  #21  
Old 29.02.2016, 21:47
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Re: American Express Cards: Which One Do You Have and Are You Happy?

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I am starting to think that if you use that card only, and are ubs and migros customer, the ubs platinum card is a good deal.

In fact if you have just a normal ubs individual package, you pay 180 chf a year, and get 1 keyclub point each chf. Assuming one spends 24.000 a year on a credit card (so makes all expenses on the credit card), that returns you 240 points you can convert to a migros gift card, and use it there for a value of 240 chf.

If you get a platinum one, with the ubs individual package you pay 30 chf more per month but earn triple points. So assuming you do the credit card expense, you get 720 points back, but you spend on the card about 360 a year. Assuming you still convert the points into a migros gift card, you now get 360 chf back instead of 240.

And 4 free access vouchers to airport lounges. And a travel insurance...

Of course this is different for lower credit card expenses per year.
Except you don't get 1 KeyClub point per 100 CHF but 3 points for each 1000 CHF. So with an annual spending of 24K, you could get a 72 CHF shopping voucher at Migros. With a Gold package, you would spend 96 CHF extra on the card per year, and you could get a Migros voucher for 144 CHF, so still losing 24 CHF. With a Platinum package, you would spend 360 extra on the card, get a Migros voucher for 216 CHF and lose 216 CHF vs standard package.

Note that it's a good idea to spend KeyClub points on paying for the UBS package, as their value is then slightly above 1 CHF.

Overall, if you have sufficient money deposited there, I find that the UBS packages are pretty good value, contrarily to popular opinion around here.
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  #22  
Old 29.02.2016, 22:11
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Re: American Express Cards: Which One Do You Have and Are You Happy?

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Except you don't get 1 KeyClub point per 100 CHF but 3 points for each 1000 CHF. So with an annual spending of 24K, you could get a 72 CHF shopping voucher at Migros. With a Gold package, you would spend 96 CHF extra on the card per year, and you could get a Migros voucher for 144 CHF, so still losing 24 CHF. With a Platinum package, you would spend 360 extra on the card, get a Migros voucher for 216 CHF and lose 216 CHF vs standard package.

Note that it's a good idea to spend KeyClub points on paying for the UBS package, as their value is then slightly above 1 CHF.

Overall, if you have sufficient money deposited there, I find that the UBS packages are pretty good value, contrarily to popular opinion around here.
Thank you for pointing that out... guess I messed up Migros Cumulus points with KeyClub points...

As you said, this is what comes from the UBS website:

UBS Prepaid Card and UBS Credit Card Classic/Standard, Special Edition 3 points, Gold 6 points, Platinum 9 points for every CHF 1,000 spent.
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  #23  
Old 02.03.2016, 01:56
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Re: American Express Cards: Which One Do You Have and Are You Happy?

If you're into collecting AmEx points, imaginecurve has a brilliant business idea. I´ll describe what I gathered from glancing over their product, not 100% sure on anything here:

The EU capped credit card fees for PRIVATE card holder, not for BUSINESS card holders.

So imaginecurve will issue their customers with a BUSINESS Mastercard. This allows them to collect up to 3% from merchants, while as an end-customer you don't feel a difference.

Whatever you spend with imaginecurve's Mastercard is then collected from your private AMEX card at less than 3% (not sure what AmEx charges exactly, I guess 2%)? Imaginecurve pockets the difference (note price for end customer is still 1:1).

Also, imaginecurve charge 1% for foreign fx, while AmEx would charge something like 2.5% - so here customers even win.

As a result you can
  • indirectly use your AmEx card everywhere Mastercard is accepted (and thus collect AmEx points)
  • save on fx-fees
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  #24  
Old 02.03.2016, 10:08
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Re: American Express Cards: Which One Do You Have and Are You Happy?

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Overall, if you have sufficient money deposited there, I find that the UBS packages are pretty good value, contrarily to popular opinion around here.
This only means you have been in Switzerland for too long. When I lived in Asia were credit cards for free - all banks run promotions pretty much all the time which gives you the card for the first year for free... after a year will you get a bill with an annual fee, you call up the call center and tell them "if you dont waive it will I cancel the card right away". I got it waived with every single card I had. People use much more CCs there as they offer real deals as in "20% off in the restaurant if you pay with a card from bank x"... since they are for free do people tend to get at least a couple of cards. The one you actually use the most will usually get upgraded to gold or platinum for free as the bank wants to keep your business. Long story short: Platinum card in other countries is free, here I pay a couple of hundreds a year for my platinum Amex (and I dont care about migros vouchers, but much more about their excellent insurance services when I travel). As others have said already is the problem with Amex that it is the Pepsi of credit cards... "Is Amex ok?" is one of my standards whenever I pay a hotel bill.
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  #25  
Old 02.03.2016, 10:15
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Re: American Express Cards: Which One Do You Have and Are You Happy?

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after a year will you get a bill with an annual fee, you call up the call center and tell them "if you dont waive it will I cancel the card right away". I got it waived with every single card I had.
This works here as well.

Tom
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  #26  
Old 02.03.2016, 10:18
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Re: American Express Cards: Which One Do You Have and Are You Happy?

I have the Platinum one and is excellent, but expensive (CHF 1500 fee per year). It has a travel insurance which I sued several times (for tickets flights refund, clothes refund, wallet lost, etc.)
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  #27  
Old 02.03.2016, 13:30
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Re: American Express Cards: Which One Do You Have and Are You Happy?

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This only means you have been in Switzerland for too long.
Hah sure, I only meant compared to other banks in Switzerland. Of course, as for everything, we get milked, but it's part of the system
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  #28  
Old 05.03.2016, 21:30
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Re: American Express Cards: Which One Do You Have and Are You Happy?

Two friends once worked for Amex and they couldn't use their Amex cards in Sardina. But I could make payment with my Mastercard. But that was years ago. Anyway, I just have the Migros Cumulus (Mastercard) and never have any trouble with it. And I get cumulus points too! Oh yes. No yearly charge!
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  #29  
Old 06.03.2016, 13:27
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Re: American Express Cards: Which One Do You Have and Are You Happy?

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This only means you have been in Switzerland for too long. When I lived in Asia were credit cards for free - all banks run promotions pretty much all the time which gives you the card for the first year for free... after a year will you get a bill with an annual fee, you call up the call center and tell them "if you dont waive it will I cancel the card right away". I got it waived with every single card I had. People use much more CCs there as they offer real deals as in "20% off in the restaurant if you pay with a card from bank x"... since they are for free do people tend to get at least a couple of cards. The one you actually use the most will usually get upgraded to gold or platinum for free as the bank wants to keep your business. Long story short: Platinum card in other countries is free, here I pay a couple of hundreds a year for my platinum Amex (and I dont care about migros vouchers, but much more about their excellent insurance services when I travel). As others have said already is the problem with Amex that it is the Pepsi of credit cards... "Is Amex ok?" is one of my standards whenever I pay a hotel bill.
A couple of hundreds? In CH it costs abour 750 a year... which one do you have?
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  #30  
Old 06.03.2016, 19:44
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Re: American Express Cards: Which One Do You Have and Are You Happy?

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A couple of hundreds? In CH it costs abour 750 a year... which one do you have?
I get an employee discount as my wife works at a bank. Don't remember exactly but I think we pay about half...
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  #31  
Old 10.03.2016, 14:27
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Re: American Express Cards: Which One Do You Have and Are You Happy?

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I have the SWISS Miles and More Amex. It's good for collecting Star Alliance miles (which don't expire), avoiding the economy class check-in queue (you can use the SWISS first/business check-in if you are flying with SWISS) and the various insurance bits and bobs.

I'm happy with it, but then I don't pay the annual fee (which is about 700 CHF). This is offset a bit by a 200 CHF (I think from memory) voucher that you receive each year, but you can only use it on a flight costing 1,000 or more.
Care to share why you don't have to pay the fee?
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  #32  
Old 10.03.2016, 19:42
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Re: American Express Cards: Which One Do You Have and Are You Happy?

I have an AMEX (Blue Cash, specifically, but I am not sure it is offered outside of the US). I am okay with it: it's free, but there is transaction fee on non-USD purchases. I really only use it here for the AMEX Premium Car Rental Insurance. I haven't had to file a claim yet, but we'll see.

In general, I use a different card (a Visa Signature one) for my usual purchases. It's not free, but it's cheap enough per year it doesn't matter. It does the usual trip insurance, etc, stuff for us.
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