The Learning Curve

New tricks for an old dog.

American Express scrambles for cash

American Express is offering select customers $300 to pay off the balance and close  their accounts.  The business strategy seems to be, “A bird in hand is worth two in the bush.”

Credit Card Debt Options

If American Express’s economic soothsayers think this offer makes good business sense, then they don’t expect the overall ecomomic situation to improve any time soon.

It is a stop-loss strategy, and receiving this offer is not a compliment to your projected financial stability.


Written by Tom Fox

02/23/2009 at 2:38 pm

Posted in Credit card debt

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