I can buy a house with it if I choose. I just have to pay the bill in full in 30 days.
The only place that wouldn't accept it for goods and services was the University of Minnesota to pay my kiddos tuition. (Which in itself tells a story).
It's nice to know you have freedom to charge big expenses and still have no debt bait.
I also use my AMX Blue Cash card almost exclusively.
It pays you back 6% on all grocery stores and drug stores.
It pays you back 3% on all gasoline/diesel purchases.
So, I charge all my groceries and fuel.
Occasionally, there are certain mom & pop restaurants that do not take it. Then I use a Mastercard that also gives me cash back.
The only other credit cards I use are Lowes(5%) off all purchases and Hone Depot. HD sends me coupons for $15 off if I charge $100. That is the only time I use it.
You get this credited back to your account monthly. I just call up and they apply the credit to next months balance.
I pay off credit cards every month. Never carry a balance.
Twice in the last ten years my AMX number has been stolen.
Each time I was informed in an email by AMX. The sent me a new card the next day. I am pretty sure it was a Thai restaurant the first time. The illegal charge was in Bangkok.
I haven't purchased a car in years from an OEM. Back in the day when I made a purchase I was required to secure the purchase with a down payment. If my memory serves me correctly, auto dealers limited CC down payments to 10% or less.
“I can buy a house with it if I choose.”
You must have an incredible credit limit