Article

2009-02-23 Home Front Economy

AmEx paying card holders to close their accounts

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Anonymoose 2009-02-23 21:21|| || Front Page|| [3 views ] Top

#1 My wife has one of their cards. Sure would be nice if they offered this deal to her. But they wont. She pays the bill on time, everytime. Curses! Foiled again for being a good credit risk. We refinanced our home last week. Can't get any bailout money from Obama.

Posted by Richard of Oregon 2009-02-23 22:20|| 2009-02-23 22:20|| Front Page Top

#2 don't you have to pay off Amex each month on their std card? (obviously, I don't have one)

Posted by Frank G 2009-02-23 22:23|| 2009-02-23 22:23|| Front Page Top

#3 You're right, Frank G, there isn't suppose to be a carryover for the regular accounts. I think they do have some of these "modern" accounts, though. I interpreted thee artcule to mean that American Express was paying their deadbeats $300 to give up their cards. I don't like that. Maybe, I got it wrong.

Posted by Richard of Oregon 2009-02-23 22:34|| 2009-02-23 22:34|| Front Page Top

#4 I think they call that AmEx Blue. They were trying to rake in the high interest rates paid by customers carrying balances... which worked for a while.

Posted by trailing wife">trailing wife 2009-02-23 23:05|| 2009-02-23 23:05|| Front Page Top

23:58 ed
23:51 ed
23:23 Ming the Merciless
23:14 OldSpook
23:12 OldSpook
23:11 OldSPook
23:05 trailing wife
23:01 JosephMendiola
23:00 JosephMendiola
22:58 JosephMendiola
22:54 trailing wife
22:47 Mullah Richard
22:39 Frank G
22:37 Mullah Richard
22:34 Richard of Oregon
22:32 Mullah Richard
22:25 GolfBravoUSMC
22:23 Frank G
22:20 Richard of Oregon
22:12 Frank G
21:40 Shieldwolf
21:36 Shieldwolf
21:33 Shieldwolf
21:31 Dale