Complaint / review text:
Nedbank gave me an American Express card to use to get "double greenbacks" on all card transactions with.
My issue is that the banking charges to the retailers for AMEX cards are roughly double those of VISA and Master Card.
Nedbank didn't inform me of this at the time of giving me my new wonderful AMEX card,
Every retailer I tried to use the card on either asked or pleaded with me to rather use a VISA or Master Card, because AMEX cards cost them a lot more per transaction.
Nedbank keeps punting the use of AMEX cards knowing that the retailers are getting charged roughly double the card/transaction fees, and keep pushing card holders to use their AMEX cards to get "double greenbacks points".
This is all at the expense of the retailers and at the expense of out economy.
I find this irresponsible on Nedbank's part, and have cancelled my AMEX card.
I still see American Express advertised on every newsletter I receive from Nedbank and it annoys me.