Wow, I should have gotten’ 5-10 cards and slow pay all..$3000.
Well, I don’t know how that happened but here is the correct link to the article:http://online.wsj.com/article_email/SB123542259989852121-lMyQjAxMDI5MzI1NDQyMjQyWj.html#printMode
I also try not to accept these cards in my store, other cards are encouraged.
Meantime, I keep getting credit card solicitation junkmail in the mail....
Let me guess, those “select” customers that will be rewarded with $300 are those that have a history of not paying on time.
The old school would be to just shut off these bad customers. Goodbye.
But with today’s lawyers, a lawsuit will result, so this boondoggle crap with a buyout is done instead.
Now if we can only get them to stop sending pre-approved junk mail twice a month.
So Amex is finally going to die. I dropped Amex back in 2002. I sent them a check to pay a bill, they claimed it was no good (my bank said otherwise). This was during some years that I was blacklisting companies due to absolute incompetence. When I ended business with such companies, my letter closing business typically ended with “Please do the marketplace a favor. DIE!”
Seems like a cheap way to foist your toxic debt onto your competitors.