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That's not necessarily true. AmEx has always been a weird creditcard company. Traditionally, unlike MasterCard and Visa, AmEx encourages you to pay off your b
by gecko 17y ago
That's not necessarily true. AmEx has always been a weird creditcard company. Traditionally, unlike MasterCard and Visa, AmEx encourages you to pay off your bill in full each month. They instead charge you a yearly fee, and used to offer better rewards to cover it. While this has changed a lot with the creation of branded AmEx cards and AmEx Blue, I could see RevoluionCard as a return to their traditional business model--but now backed by float, rather than monthly fees.
I could of course be entirely wrong, but there's at least the chance here that AmEx is not interested in killing a competitor.
- jrockway 17y agoOK, good point. I always think of AmEx as "expensive", but not "not evil". But they are definitely not evil, which is why they are the only credit card I actually use. (I had a card from my bank, but I didn't use it enough and they charged me a $30 "you didn't use it enough" fee. That is pretty evil, especially as they had never sent me a statement until then.)