AmEx paying card holders to close accounts

[falmouth3 Senior Member Find all posts View Profile Close falmouth3]

NEW YORK, Feb 23 (Reuters) - American Express Co (AXP.N: Quote, Profile, Research), battered by mounting credit card losses, is offering $300 to a limited number of U.S. card holders who pay off their balances and close their accounts, the company said on Monday.


AmEx paying card holders to close their accounts | Markets | US Markets | Reuters

[bigfrank Administrator Find all posts View Profile Close bigfrank]

I wish they give me that offer

[dvcforus Senior Member Find all posts View Profile Close dvcforus]

Strange, they keep trying to convince me to sign up for extended pay on my Gold Card...

[buff Senior Member Find all posts View Profile Close buff]

A few months back I reported that a rep from Delta told me 100.000 for a ticket. On sunday I was able to get three tickets from miami to Guad. at 35.000 so im very pleased.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

I'm guessing they are targeting those with high revolving balances that are paying the minimum or missing payments. That would reduce the credit amount outstanding and target the riskiest area.

[M. Henley Class President Find all posts View Profile Close M. Henley]

S**t

Another opportunity missed because of prudence.

[4ARedOctober Super Moderator Find all posts View Profile Close 4ARedOctober]

yeah it does not pay to be a responsible individual these days.

Another opportunity missed because of prudence.