American Express Travelers Cheques Complaint - American Express Travelers Cheques unusable
My wife and I recently took a trip and purchased American Express travelers cheques so we didn't have to carry cash...thinking, as they advertise, that they are "the same as cash". They are NOT! (I know it may seem odd, but I like to pay cash for things, not charge them.)
We had repeated trouble using the travelers cheques. No one from grocery stores to hotels would accept them. Finally we decided to go to a bank and just cash several in so we could have cash on hand. Well come to find out banks DON"T honor American Express travelers cheques! Bank after bank refused to cash them! They are NOT the same as cash and we wound up having to borrow money from an Aunt to have cash for our trip. We wound up coming home with an envelope full of pointless Travelers Cheques.
Don't waste your money on these things! They are worthless and they know it. They should stop selling the things. I would hate to of been in a foreign country expecting these to be my source of money.