Just a humble opinion....but with my past dealings with American Express...this would be the last place I’d go to have a bank account with or a credit card. I can’t imagine any idiot doing business with these guys. I’d even go to some small town 1-bank operation in the middle of Red Bay, Alabama...before I’d sign up with AE.
LLS
I own a business that sells industrial welding controls on the internet and via phone. Of all credit card purchases American Express cards are used less than 1% in comparison to all card sales. Furthermore, American Express charges us a discount fee of approximately 100% over Discover, Visa and Master Card on sales. No wonder they are in financial trouble...businesses can’t afford to sell in accordance with their rules and rates.
We have dropped American Express as one of our funding card services and will not do business with them again.