SAY WORD! | AMEX IS PAYING SOME CARD HOLDERS $300 BONES TO CLOSE THEIR ACCOUNTS
Almost as interesting as Microsoft's recent accounting glitch, now comes word that American Express's latest offer involves sending select customers $300 pre-paid American Express cards if they pay their balance in full and close their accounts. The only issue we see is that if you owe $10K why would you try to pay that off in one shot for $300 bucks?
Company spokeswoman Molly Faust went on to say, "We sent the offer out to a select number of card members, we are looking at different ways that we can manage credit risk based on the costumers overall credit profile."
The company did not say how many card holders would receive the offer and did not disclose the total of their card balances.
Card holders have until the end of February to accept the offer and must close their accounts in March or April.
If anyone has the offer, we would love to see what it looks like.
[ Source: www.reuters.com ]