The retarded part is that none of the deadbeats they’re trying to get rid of can (or would) pay off their balance.
The type of person who would actually do this is the type of customer they want—someone responsible enough to be creditworthy.
there is a reason blackstone (formerly Amex’s investing house) is one of the worst.
Some people, like my husband and I, are not deadbeats. We transferred our auto loan to the AMEX Blue Card because the interest rate for balance transfers was 2.9% until the balance was paid. We pay the same amount each month that our car payment was, which is greater than the minimum, and they screwed us last month by slashing our credit limit by thousands of dollars. This will hurt our credit score at the very same time we are applying for a mortgage. AMEX can bite me.