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  • American Express Buying Out Cardholders: Bad for the Economy? [View article]



    On Feb 24 03:46 PM NightBengal wrote:

    > When I first read this yesterday, I honestly thought it was a joke.
    > I suppose AmEx is pretty pricey and makes a good chunk more from
    > its transaction fees than some other companies, but acutally paying
    > people to leave and forgoing the interest spreads entirely? That's
    > a new kind of game.
    >
    > I would think they'd want to encourage new business, not make people
    > wonder if they'll get the axe. Maybe the people they're targeting
    > 'deserve' to get the axe anyway, but this kind of thing can give
    > a company a reputation they don't want.
    >
    > Cheers,
    > NightBengal

    I concur. I thought it very strange when I first heard of this development. Clearly, the economic retrenchment we are experiencing is quite significant.
    Feb 24 15:51 pm |Rating: +1 -2 |Link to Comment
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