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AMEX Takes Bailout, Boots Customers

D&S Admin Feb 24, 2009

Like other credit card companies that have received bailout billions, AMEX is hiking fees, penalties, and interest rates. Now the company, which received over $3 billion in TARP money, is taking the added step of offering $300 vouchers if customers cancel their accounts. Most financial analysts caution that it is a bad deal for cardholders.

From the Wall Street Journal:

Full story here.

Published in: D&S BLOG

Author

Dollars & Sense is a non-profit, non-hierarchical, collectively-run organization that publishes economic news and analysis.

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AMEX Takes Bailout, Boots Customers

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