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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: Ms. X who wrote (1996)	12/19/1999 5:38:00 PM
From: Patrick Slevin	Respond to of 7434

Well, the reason why they think they should not probably has to do with profit potential. I think AE charges more. The reason why DWA should take AMEX? No reason. At the end of the year, I can take my checks and my AE statement and quickly gather my deductions. The stuff I charge to a bank card is harder to track so I drop it. So as the year progresses I charge as little as possible to a bank card. So when I have to charge something and it's AMEX I just charge it. When it's VISA I stop and think about it. My taxes are a nightmare, I have filed on extension for over twenty years every year except for once. I can see where DWA thinks it's not an issue but I'll be gone. It's just not worth the hassle to itemize this and that. Of course, I can forward DWA a check but they won't trust me so that will take a week or two extra each time. Here's a fast story.....In the early 70's I could not get a credit card to save my life. I finally applied to AMEX instead of one of the Bank Cards and they gave me one. Ever since, the Bank Card people have been all over me, begging to give me credit. In 1978, I got married and spent my honeymoon in Ireland. I ran up 488 bucks on VISA, 4 thousand on AMEX. When I got back, I had the AMEX bill and paid it, the VISA bill was not there yet. I lived on Long Island. I went to a Pergament....we wanted to paint our apartment. I bought 20 dollars of paint. They bounced my card because I was over my 500 limit. By 8 bucks. In 1985, I was in Aruba. I had just run about 18,000 on my AMEX. I saw this Patek Phillippe to die for. Bought it. Six Thousand dollars. Used AMEX. Long Story Short, today I have that watch but I don't have that paint. I don't know why Watson won't work with AMEX but it's not only a personal issue with me it's a question of "ease of use". I think they should take AMEX. I'll ask Watson next time I have to renew.