Tuesday, Oct 24, 2006
Amex Slashes Cardholder Rates
This Is money: Amex Slashes Cardholder Rates
Amex has slashed the rates of thousands of cardholders, in some cases without warning. Could this be due to the increase in bad debts forcing an attempt to reduce losses?
Posted by sparker @ 09:18 AM (169 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. autopilotengage said...
This really should be posted as "Amex slashes cardholder limits", as it makes for confusing reading otherwise! This is a most interesting story, i guess AMEX are trying to limit their exposure should both the US and the states suffer an increase in bad debts at the same time.