Comments on: Get Paid to Cancel Your American Express Credit Card http://www.richerandslimmer.com/2009/02/23/get-paid-to-cancel-your-american-express-credit-card/ Working my way towards financial and physical health Tue, 04 Aug 2009 06:50:42 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: richerandslimmer http://www.richerandslimmer.com/2009/02/23/get-paid-to-cancel-your-american-express-credit-card/comment-page-1/#comment-245 richerandslimmer Tue, 24 Feb 2009 14:49:33 +0000 http://www.richerandslimmer.com/?p=219#comment-245 I think that if Amex closes the account, they cannot guarantee that the customer will pay them back (instead of declaring bankruptcy, for example). I think, the eligibility requirement for getting the $300 incentive is that the customer pays back every penny they owe first - ensuring Amex's loss per customer is capped at $300. This is my best guess. I think that if Amex closes the account, they cannot guarantee that the customer will pay them back (instead of declaring bankruptcy, for example). I think, the eligibility requirement for getting the $300 incentive is that the customer pays back every penny they owe first – ensuring Amex’s loss per customer is capped at $300. This is my best guess.

]]> By: Manshu http://www.richerandslimmer.com/2009/02/23/get-paid-to-cancel-your-american-express-credit-card/comment-page-1/#comment-243 Manshu Tue, 24 Feb 2009 10:45:31 +0000 http://www.richerandslimmer.com/?p=219#comment-243 This is very interesting. First they spend on getting customers and then they spend on getting rid of them! Why can't they just close the cards without paying them anything? That should work out much more cost effective and if its safe for the banks it is safe for the tax payers ;) This is very interesting. First they spend on getting customers and then they spend on getting rid of them!

Why can’t they just close the cards without paying them anything? That should work out much more cost effective and if its safe for the banks it is safe for the tax payers ;)

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