It should be USURY Express not American Express
The following letter is an example of how AE rips-off their clients.in the past year I have been late on zero payments.
26 Aug 10
Dear Am EX re: card number... 2006
Today I paid my July bill of $1019.47 sixteen days late.
Therefore you saw fit to charge me an extra:
late fee $39,3.8% per month or 46% per year (APR)
interest fee $25.39,2.5% per month or 30% per year (APR)
total fee $64.39,4.3% per month or 76% per year (APR)
Evidently the usury laws (lending of money at exorbitant interest rates) don't apply to you.
So that you won't feel cheated I already made my final payment for August of $870.47. This payment does not include the usury charges or my earned rebate of $35.51 (even though you wanted to reduce that also).
If you want your rebate rebated or you usury charges paid, send to me a letter in less than 10 (ten) business days justifying your charges.
This type of business practice does not seem to be very American. I suggest you remove the word AMERICAN from your name. May be USURY Express.
To anyone else reading this letter please BEWARE of American Express.
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