Personal credit cards?

[redeye]

daniels27 said:
He has US ICC. I think they let current cards run for now. UK ICC was for different countries (I think EU revolt for example Switzerland was on the US ICC). As far as I know the main problem is when you change your country, you may become ineligible.

Once was to handle this is keeping it addressed alive (which I was recommending until @Martin Everson told us about the consequences he had in UK).
Click to expand...

why is the card canceled because you change the country? strange.

Isn't there a easy card to get your hands on which gives you a lot of miles and bonus for frequently flyers and hotel bookers? some that is not country restricted or at least work all over the European area?

Toggle signature
Only the early bird catches the worm.

 

[nobel]

redeye said:
why is the card canceled because you change the country? strange.

Isn't there a easy card to get your hands on which gives you a lot of miles and bonus for frequently flyers and hotel bookers? some that is not country restricted or at least work all over the European area?
Click to expand...

This message write me AMEX:

As communicated to you in our previous correspondence, we are writing to confirm that your Card Agreement has been terminated and your Account has been closed. The Card Agreement in effect at the Termination Date will continue to apply until the remaining balance on your Card, if any, is paid in full.

What has changed

American Express® International Currency Cards will no longer be available in the country our records indicate you reside. As a result, it is with regret that we have closed your Card Account. On the Termination Date your Card and any Supplementary Cards issued on your Account have been cancelled and your Account has been closed.

 

[JohnnyDoe]

nobel said:
This message write me AMEX:

As communicated to you in our previous correspondence, we are writing to confirm that your Card Agreement has been terminated and your Account has been closed. The Card Agreement in effect at the Termination Date will continue to apply until the remaining balance on your Card, if any, is paid in full.

What has changed

American Express® International Currency Cards will no longer be available in the country our records indicate you reside. As a result, it is with regret that we have closed your Card Account. On the Termination Date your Card and any Supplementary Cards issued on your Account have been cancelled and your Account has been closed.
Click to expand...

KYC with Amex is way easier than with any bank”¦ just saying 😉

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[nobel]

JohnnyDoe said:
KYC with Amex is way easier than with any bank”¦ just saying 😉
Click to expand...

Yes, I want the Amex Platinum EUR back, do you have any ideas?

 

[JohnnyDoe]

nobel said:
Yes, I want the Amex Platinum EUR back, do you have any ideas?
Click to expand...

You can no longer obtain it directly, you need to ask your bank and place a security deposit with it.

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[nobel]

JohnnyDoe said:
You can no longer obtain it directly, you need to ask your bank and place a security deposit with it.
Click to expand...

I don't have a bank that corporates with Amex. I have already asked all of them. 😕

 

[JohnnyDoe]

nobel said:
I don't have a bank that corporates with Amex. I have already asked all of them. 😕
Click to expand...

I only know EFG and LGT, I guess most private banks can arrange for that.

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[daniels27]

They changed the policy on 2 October 2023
https://www.americanexpress.com/icc/countrylist

Note that UK residents can still apply.

Either @JohnnyDoe lives in Italy or they exclude centurion members.

 

[nobel]

JohnnyDoe said:
I only know EFG and LGT, I guess most private banks can arrange for that.
Click to expand...

Sorry. The bank charges of all banks in Liechtenstein are absurd and out of the question. The custody account fees of 0.40% or more and stock exchange orders of 1.9% alone are a no-go. eek¤%&

 

[daniels27]

nobel said:
Sorry. The bank charges of all banks in Liechtenstein are absurd and out of the question. The custody account fees of 0.40% or more and stock exchange orders of 1.9% alone are a no-go. eek¤%&
Click to expand...

But the ICC 3% FX charges are also absurd.

Can somebody please enlighten me how this card makes sense as those fees? I mean I normally spend no more than 20% in one currency.

 

[nobel]

daniels27 said:
But the ICC 3% FX charges are also absurd.

Can somebody please enlighten me how this card makes sense as those fees? I mean I normally spend no more than 20% in one currency.
Click to expand...

If I have the ICC EUR there are no fees for EUR. For foreign currencies I have other cards with 0% forex fee.

 

[liroyb]

Is there any difference between Amex ICC to the standard one?

 

[SCHLOSSFINANZ]

maybe ask Dukascopy

https://www.dukascopy.ch/swiss/english/banking/credit-cards/

they seem to offer AMEX in CHF maybe they can get the ICC one in EUR as well

 

[JohnnyDoe]

liroyb said:
Is there any difference between Amex ICC to the standard one?
Click to expand...

Not really, but I can only compare to standard UK GBP Amex. For example, I have access to the same Centurion concierge in Brighton as the UK residents cardholders.
I know that Amex varies greatly from country to country, including fees, and I heard that U.S. Centurion concierge can do magic in that country.
You can transfer your account to other countries, except the US, where you would be downgraded to platinum unless you convince them you deserve the higher status.

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[daniels27]

liroyb said:
Is there any difference between Amex ICC to the standard one?
Click to expand...

The ICC cards are cheaper but do not come with the lifestyle credits etc. you would get in the UK and the US.

The US Amercian Express cards do not have foreign transaction fees, while the ICC and most other cards charge up to 3%.

 

[nobel]

SCHLOSSFINANZ said:
maybe ask Dukascopy

https://www.dukascopy.ch/swiss/english/banking/credit-cards/

they seem to offer AMEX in CHF maybe they can get the ICC one in EUR as well
Click to expand...

dukascopy.bank sounds good. However, I see now, fees from assets 1.5% per year, is that serious? Then of course not acceptable.

Maintenance fee 1.5% per year (The maintenance fee (cumulative swap points) is charged monthly for the assets held in the previous month. The fee is calculated from the sum of the end-of-day balances of the investments' * (maintenance fee in % / 360). ja334¤¤#

 

[daniels27]

SCHLOSSFINANZ said:
maybe ask Dukascopy

https://www.dukascopy.ch/swiss/english/banking/credit-cards/

they seem to offer AMEX in CHF maybe they can get the ICC one in EUR as well
Click to expand...

Probably not. They cooperate with SwissCard AECS AG like Alpian etc. does.

 

[JohnnyDoe]

daniels27 said:
The ICC cards are cheaper
Click to expand...

They are not

daniels27 said:
but do not come with the lifestyle credits etc. you would get in the UK
Click to expand...

Exactly the same

daniels27 said:
ICC and most other cards charge up to 3%.
Click to expand...

The rationale of the ICC is to spend Eur or USD without any fx charge.

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[daniels27]

I never had those cards, please correct me if I am wrong. From what I read on the official website, FlyerTalk, etc. there are differences.

JohnnyDoe said:
They are not
Click to expand...

Maybe, I am wrong. But
https://www.americanexpress.com/icc...intlink=icc-en-vac-personal-platinum-16072019
https://www.americanexpress.com/us/credit-cards/card/platinum/

I think the ICC is $550 (with free partner card) vs. the US one at $695.

JohnnyDoe said:
Exactly the same
Click to expand...

For the links above, with the US card you get:

• $200 Hotel Credit
• $240 Digital Entertainment Credit
• $155 Walmart+ Credit
• $200 Uber Cash
• $200 Airline Fee Credit
• $199 CLEAR® Plus Credit

All of which is not avaliable on the ICC.

JohnnyDoe said:
The rationale of the ICC is to spend Eur or USD without any fx charge.
Click to expand...

I understand that. Previously also GBP. But still the US comes without FX fees, which may be a benefit especially as many airlines charge tickets in the currency of your departure country.

 

[SCHLOSSFINANZ]

Italbank Puerto Rico had access to AMEX cards in the past, maybe give them a try
www.italbank.com