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AmEx paying card holders to close their accounts
Reuters ^
| 2009-02-23
Posted on 02/23/2009 6:09:06 PM PST by rabscuttle385
NEW YORK (Reuters) - American Express Co (NYSE:AXP), 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.
"We sent the offer out to a select number of card members," said Molly Faust, a company spokeswoman. "We are looking at different ways that we can manage credit risk based on the costumers overall credit profile."
The company did not say how many card holders would receive the offer and did not disclose the total of their card balances.
Card holders have until the end of February to accept the offer and must close their accounts in March or April. Each card holder will receive a $300 pre-paid American Express card.
(Excerpt) Read more at finance.yahoo.com ...
TOPICS: Business/Economy
KEYWORDS: amex; credit; creditcard; creditcards; debt; failure; financialcrisis
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To: editor-surveyor
This stuff is starting to creep me out...
41
posted on
02/23/2009 9:08:38 PM PST
by
patton
(America is born in Iceland, and dies in California)
To: rabscuttle385
How about we ALL close our AMEX accounts and shut these internationalists down for good!
42
posted on
02/23/2009 9:41:40 PM PST
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: cynwoody
I just checked my account. They are offering triple points for shopping on Wal-Mart’s web site. Sheeesh! So much for AMEX status! WalMArt!!!
43
posted on
02/23/2009 9:42:53 PM PST
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: April Lexington
How about we ALL close our AMEX accounts and shut these internationalists down for good! Yeah! Stinking internationalists!
They keep selling us stuff for LOWER PRICES.
Rotten jerks! How DARE they give us that choice?
44
posted on
02/23/2009 9:45:25 PM PST
by
TChris
(So many useful idiots...)
To: rabscuttle385
We all need to rack up the balances to the limit and then walk away. The economic pressure would make a difference.
Before anyone starts whining about credit scores, etc. ask yourself... what did the Patriots of the American Revolution give up???? Life, Liberty and the Pursuit of Happiness or their FICO scores????
45
posted on
02/23/2009 9:46:17 PM PST
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: TChris
Stuff your face while the Republic collapses! Its all about you, isn't it! Cheap stuff!!! Whoopie!
46
posted on
02/23/2009 9:47:36 PM PST
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: TChris
Rotten jerks! How DARE they give us that choice? WOW! Let's choose cheap Chinese crap over political principles! Its all about consumption! Whoooo! Spend! Rack up debt! Bail his sorry ass out of political trouble before he's impeached! Whoooooo!
47
posted on
02/23/2009 9:49:23 PM PST
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: April Lexington
Stuff your face while the Republic collapses! Its all about you, isn't it! Cheap stuff!!! Whoopie! Yeah, it's all those INTERNATIONALISTS selling things for less. THEY are the ones who caused this mess.
Forget about the trillions in government overspending.
Forget about the tanking stock market.
Forget about over-leveraged derivatives and junk mortgages.
Forget about Fannie and Freddie.
It was all those darned INTERNATIONALISTS who did it!
48
posted on
02/23/2009 9:50:37 PM PST
by
TChris
(So many useful idiots...)
To: April Lexington
Its all about consumption! Whoooo! Spend! Rack up debt! So, it's the INTERNATIONALISTS' fault that people rack up debt? Is that your argument?
Bail his sorry ass out of political trouble before he's impeached! Whoooooo!
???
Is Obama's victory the INTERNATIONALISTS' fault too?
I think I'm catching on! Are they to blame for my HAIR LOSS too?
I just knew it!
49
posted on
02/23/2009 9:53:43 PM PST
by
TChris
(So many useful idiots...)
To: TChris
What about the brain loss? You seem to have a bit of a case...
Go away. You are not welcome here.
50
posted on
02/23/2009 9:55:47 PM PST
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: April Lexington
What about the brain loss? You seem to have a bit of a case... Aren't you going to answer my questions?
You've splattered a lot of accusations and blame around, but you do nothing at all to back them up.
Just blowing hot air?
Go away. You are not welcome here.
LOL!
I seem to have lasted a while for not being welcome.
51
posted on
02/23/2009 9:58:01 PM PST
by
TChris
(So many useful idiots...)
To: TChris
Listen, troll... I've spent my career tracking down and monitoring INTERNATIONALISTS. We know who you are and what you are.
Cheap imported crap for worthless American dollars... This is your economy? No, this is your plan. Shall I name names????
52
posted on
02/23/2009 10:03:26 PM PST
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: April Lexington
Listen, troll... I've spent my career tracking down and monitoring INTERNATIONALISTS. We know who you are and what you are. You seem to have missed my previous posts.
I'll make it easier for you to read...
ARE YOU GOING TO ANSWER MY QUESTIONS OR JUST KEEP UP YOUR JUVENILE RANTING???
53
posted on
02/23/2009 10:06:19 PM PST
by
TChris
(So many useful idiots...)
To: TChris
ARE YOU GOING TO ANSWER MY QUESTIONS OR JUST KEEP UP YOUR JUVENILE RANTING??? Your "questions" are illogical jibberish. What kind of answer would you like. Get back to me when you are sober! LOL!!!!!!
54
posted on
02/23/2009 10:08:39 PM PST
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: April Lexington
Your "questions" are illogical jibberish. What kind of answer would you like. Get back to me when you are sober! LOL!!!!!! Yeah, that's what I thought.
You still have no clue what you're talking about, so you resort to more of your 13-year-old tactics.
By the way, how old ARE you anyway?
55
posted on
02/23/2009 10:10:21 PM PST
by
TChris
(So many useful idiots...)
To: TChris
TChris must be ToddsterPatriot in disguise! Are you two related???
56
posted on
02/23/2009 10:17:19 PM PST
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: TChris
I think I'm catching on! Are they to blame for my HAIR LOSS too? This says it all folks!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
57
posted on
02/23/2009 10:18:13 PM PST
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: TChris
You still have no clue what you're talking about And, your point is?
58
posted on
02/23/2009 10:19:32 PM PST
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: April Lexington; Toddsterpatriot
TChris must be ToddsterPatriot in disguise! Are you two related??? Yes, he's my half-sister's great Aunt.
Feel better now?
59
posted on
02/23/2009 10:19:47 PM PST
by
TChris
(So many useful idiots...)
To: April Lexington
This says it all folks!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Now THAT'S more like it!
Use those exclamation marks like you MEAN it!
(I knew you'd catch your second wind.)
60
posted on
02/23/2009 10:21:12 PM PST
by
TChris
(So many useful idiots...)
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