Feb 23
Courtesy of The Huffington Post American Express is looking for any way to get rid of additional credit exposure by paying current card holders $300 to cancel their credit card account. That’s right, paying to get rid of card holders. They’re doing it via a targeted “promotion” that select members will receive in the mail. If you get this offer it basically means “you’re a crappy credit risk.” It makes sense, American Express has been hammered (like the other credit card companies)
