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Article #28Re: Warning about American Express
From: Craig Macbride
Date: Wed, 24 Jan 2001 14:49
Date: Wed, 24 Jan 2001 14:49
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3177 bytes
"Small Business Person" <nospam@nospam.com> writes: >American Express may not be quite as much of a friend of small businesses as >their ad American Express is not anyone's friend, as far as I can tell. They basically charge extra for everything and give nothing for it, except the name. They charge 1.5% fee on foreign exchange (at least, in Australia they do on their credit card), versus 0.5%-1.0% that most other cards charge. Then there are the other ways they make money, such as being the only card provider that I know of whose automatic payment option doesn't allow you to pay off the whole balance! They hope you'll forget sometime or the payment will arrive late, so they can screw you for some interest. Of course, when things are the other way around, they will hold money which they have no right to. I cancelled an Amex card in October which I had overpaid in the past, so it had a balance in my favour. Amex has held my money for almost 4 months and the latest when I phoned them today is that they claim that they sent the cheque "yesterday". In short, in my opinion, they are utter bastards and should be avoided. -- Craig Macbride <craigm@earthling.net> -----------------------http://www.nyx.net/~cmacbrid------------------------ "It's a sense of humour like mine, Carla, that makes me proud to be ashamed of myself." - Captain Kremmen
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