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Oct 22, 2014 at 19:33 comment added o0'. "American Express gets less business as a company, but they charge higher fees to make up for it" I'm not sure if this makes sense. They ask a little bit more, and by doing that they lose tons of potential clients. This decision is without a doubt a net negative. Either there is something more (and there most certainly is), or it just doesn't make any sense.
Aug 22, 2010 at 17:14 comment added user296 .... and, as an addendum, this is why I carry both an American Express card (Blue Cash, no fee but an interesting cash-back option, for use most of the time) and a MasterCard-network debit/check card (for use the rest of the time).
Aug 22, 2010 at 15:36 history answered user296 CC BY-SA 2.5