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 (502 views)
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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.

Tuesday, October 24, 2006 11:54PM Report Comment
 

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