AmEx Small Business Saturday

[AsherO]

Makes sense to me. Really a brilliant marketing scheme. Much more effective than six superbowl commercials and a tax write off to boot

+1, other banks/networks have a lot to learn from Amex in this regard.

[Dan]

+1, other banks/networks have a lot to learn from Amex in this regard.

AMEX is in a unique position.  They have the most to gain with an SBS style promo as they have the highest interchange fees and the lowest merchant penetration.  Just look and see how many jewish stores now take AMEX solely because of SBS. Plus AMEX gets to recoup a small chunk of the total amount spent due to high interchange fees.

Chase OTOH has lower interchange fees and top-notch merchant penetration via MC/VI.
For them they're better off offering better signup bonuses and more valuable points to attract more users that way.

[nobiggy]

is there any aproximate date when the next small business saturday will happen???

[AJK]

is there any aproximate date when the next small business saturday will happen???

IF it happens, it has happened in November.

[nobiggy]

IF it happens, it has happened in November.

I understand it happened my qustion is does it happen on a monthly basis?? Bi monthly?? Quarterly??

[mmermss]

I understand it happened my qustion is does it happen on a monthly basis?? Bi monthly?? Quarterly??

It happens once a year in November.

[AJK]

I understand it happened my qustion is does it happen on a monthly basis?? Bi monthly?? Quarterly??

It has happened yearly in November.

Though there is no guarantee it'll happen again.

[nobiggy]

It has happened yearly in November.

Though there is no guarantee it'll happen again.

I'm sure you have more expirience but I remember around 3 months ago Dan put up something about $20 credit for small buisnesses so I assume it's every month or two. I guess I'm wrong.

[sky121]

I'm sure you have more expirience but I remember around 3 months ago Dan put up something about $20 credit for small buisnesses so I assume it's every month or two. I guess I'm wrong.

That was a promotion for a specific small business. Not small business Saturday.

[Redbull3]

I understand it happened my qustion is does it happen on a monthly basis?? Bi monthly?? Quarterly??

Have you ever heard of Black Friday or Cyber monday? It is in between those 2 days. That is why it has that name.
If you haven't I am referring to the first Saturday after Thanksgiving.
Like AJK said there is no guarantee it happens again we will have to wait and hope!

[Jkhein]

Though its a shame that Citi is screwing people and not honouring this promo.

[AJK]

Though its a shame that Citi is screwing people and not honouring this promo.

Perhaps IYE...

[dirah]

Though its a shame that Citi is screwing people and not honouring this promo.

Not IME.

[moto]

If I bought things using many cards 25 each and the merchant will return all the money back onto each card will Amex pick up and take back the credits that was posted in the account?

[Dan]

Though its a shame that Citi is screwing people and not honouring this promo.

Worked for me.

If I bought things using many cards 25 each and the merchant will return all the money back onto each card will Amex pick up and take back the credits that was posted in the account?

They sure will.

[Moishebatchy]

They sure will.

What if the credits were posted manually?

[AJK]

They sure will.

You sure?

Why would it be any different than refunding DL EC?

[Dan]

You sure?

Why would it be any different than refunding DL EC?

Yes.
Because.

[Dan]

What if the credits were posted manually?

Probably OK.

[Jkhein]

Citi worked for me too on all my cards, but trying to help friends, who theirs didnt.