WW traveler

How Much Credit Is Too Much? Where AmEx Went Wrong

For those of us who travel frequently outside the US, the Amex problems have been very obvious for a while. While Visa and Mastercard are widely accepted in Europe and Asia, Amex is not. The reason: they cahrge too much and are not flexible with merchants. Their other very profitable business, the Traveler's Checks (i.e. please keep my money and charge me for it!) is now defunct as well. With the widepread of ATM machines, and debit card holder can get a very good rate and get money only when they want it. Unless Amex changes its policies, it is bound to lose marketshare and profits even more.