American Express
Platinum Card Rate Raised 30% Despite Federal Bailout Funds
- 10-22-2009
- 2
American Express "clear" platinum card: this co. in trouble. While their borrowing rates are dropping like a stone and they are getting federal bailout funds they still find it necessary to raise their rates (in my case, a 30% increase)! Don't sit still for it. I cancelled our cards and will have nothing more to do with axp. Odd thing is, I haven't had a single rate increase from any of the other three credit cards my family holds!!! Oh, I should mention our credit is a with a FICO over 800. Anyone owning axp stock consider this a warning. Any co. forced to operate this way is in deep trouble. Any improvement in figures is sure to be of a temporary nature and you might consider getting out now. I did.
Company: American Express
Country: USA