LongAMEX

2 Comments

ON: Thu Feb 7th 01:35 AM
Commented on:
American Express Scales Back

Unfortunately, AMEX is being prudent. AMEX and other card issuers are evaluating credit lines across small business and consumers to determine appropriate credit access. I think the above company is merely experiencing something all organizations in a similar position will face.

As a side note this represents the perfect reason to diversify credit sources. (e.g. cards from multiple issuers, credit lines from other issuers, etc.)
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ON: Sat Jan 5th 14:32 PM
Commented on:
Read the Fine Print on Credit Cards

You should note that the max fee for a BT is $75. Therefore a possible transfer of $8000 - $12000 (typical Discover credit limits) incurs a rate of approx. 1% for a 12 month loan.
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