Mowog

Is American Express Worth the Risk?

I was surprised to learn AXP began lowering its standards to issue more cards and garner more customers, some of whom became (and will become) losses. But that's the US side of the business. AXP Japan refused me (despite being a shareholder, which doesn't matter) because I was working full-time at a salary nearly twice the national average, yet under contract; being a foreigner who can rack up debts then leave the country didn't help, either. I'll just hold my AXP shares for now and hope they return to being the pay-in-full customers' card. Repolish the brand and shore up the balance sheet.