This is interesting. I'd think the card-issuing bank has incentives to delay the payment as long as possible though. I'd imagine 30 day is not that bad of a ter

This is interesting. I'd think the card-issuing bank has incentives to delay the payment as long as possible though. I'd imagine 30 day is not that bad of a term. Why is that not the case? I mean what is the merchant going to do? Stop accepting American Express? A friend told me about this case where a vendor charged his American Express twice. They called the vendor about this and the vendor yelled at him so he called American Express for a charge back. Apparently, American Express went in and did a charge back for the whole amount. I am glad they did the charge back but it must suck for a merchant if the charge was legitimate and the customer was being a jerk.