American Express: Cancellation Has its Privileges

american-express-platinum Things must be pretty bad over at American Express. The credit card giant just announced that it is offering members $300 to cancel — yes cancel — their memberships!

Yikes!

The company is cloaking the move as a welcome cost-savings benefit for their clients — but financial insiders suspect Amex’s real motives have more to do with scaling down their own costly overhead.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: