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American Express Gold
- Thread starter Vishnubs
- Start date
Keep using, and pay back
Rinse and repeat
Vishnubs
TF Buzz
And what is the limit showing on CIBIL ? 6L or else your highest spend ?
Most merchants show POS machine error, like AMEX TD not configured, transaction declined etc. is that a trick by them to avoid high commision ?
Vishnubs
TF Buzz
Anyone used Gold charge card’s concierge services? Are they any good and worth the hype ?
I cannot answer that yet, for me Gold card account is not yet reflecting in CIBIL because I changed the billing cycle few days before it got generated.
Regarding POS machines, once you start using Amex cards, you'll know which merchants would accept Amex or not just by looking at the device. Most of the time, if it declines or doesn't work, its mostly because its not supported by the device. Only very few merchants disable it, if its supported by the device.
I think Gold card is overrated. I never will take, if I had to, I will go for Platinum Charge card instead
Vishnubs
TF Buzz
It was HDFC POS at a local medical shop, also Pinelabs has same issue. I went to a Mufti retail store, even in hospital reception the Pinelabs machine declined AMEX. Guess is they have some option to do it on purpose
Paytm pos terminals work most of the times.
Vishnubs
TF Buzz
Hmm, Iam not ok to pay 60k annual fee. I am not a frequent traveler, most spends are on groceries, retail outlets etc, so happy with Gold for now. But just wanted to know if anyone used their concierge
Vishnubs
TF Buzz
I went to a restaurant, same error. Paytm POS declined AMEX
Vishnubs
TF Buzz
Atleast in emergency, hospitals should accept. Even they don’t entertain AMEX
That's quite strange, the Pinelabs (white) machine should take Amex, I've not seen failure/declined transactions with that one till date. Next one which works is like @plastikman mentioned, Paytm machines.
HDFC POS have a few different ones, some are supported, some need special approvals to enable Amex (they use ancient methods to approve using forms, etc..). Unless that medical shop is a branded franchise, I wouldn't bet on them supporting Amex yet.
This merchant must have disabled it because I can see PayTM POS app controls right now and its there by default. So, unless he specifically requested to disable it, it should work.
Vishnubs
TF Buzz
Both in Mufti store and a local hospital, they had white pinelabs device, it declined AMEX. I think users are configuring the software to avoid AMEX payments. Not sure if big chains like Fortis, Manipal, Apollo hospitals accept AMEX.
Ramplestillskin
TF Buzz
Since its dynamic in nature the limit goes up & down with regards to your spends. My charge limit was 7L then I did not use the card for 4-7 months and it dropped to 4L. The worst part is they dont even do match with other CL's of cards.
helloworld
TF Legend
let me know how much % you're getting with annual fee.
I guess Amex displays charge cards limit till 10L only. After that you get error continuously.
I have a charge card limit more than 10L confirmed by Customer care but if you enter amount more than 10L on checking spending power you’ll get this message on the attached image.
Attachments
Coming to your question to reach in 18 months to 15L and spending pattern,
There is no fixed criteria and spending thresholds. I have reached more than 10L from 3L within 3.5 months. It’s dynamic if your utilisation is high and past payments are good you’ll get more limit. Next month if you use less limit will decrease.
AFAIK Plat charge customers will have minimum limit of 10L, I got my Plat charge card recently need to observe this point.
Deleted member 23535
TF Premier
Why this gold card is better ?
After deducting fee( 4500+ gst)
in cb ( around 7100/- on 72k) it's around 2.5% only na we r getting
Am i calculating wrong ?
After deducting fee( 4500+ gst)
in cb ( around 7100/- on 72k) it's around 2.5% only na we r getting
Am i calculating wrong ?
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