Archive for February, 2009

American Express offers some holders $300 incentive to cancel accounts

Posted February 24, 2009 * Comments(1)

Have a balance with your American Express Card? You might be offered $300 to close your account. According to the report from MarketWatch:

The company is offering a $300 prepaid card, which can be used anywhere American Express is accepted, to certain customers who pay off their entire balance between March 1 and the end of April. Enrolling in the deal automatically cancels the customer’s account, regardless of whether he successfully pays off the balance.

This offer  is only valid for customers who receive a mailing with a registration code from the company and was advertised as a way for people to “simplify your finances.

Ritz Camera Files for Bankruptcy Protection

Posted February 23, 2009 * Comments(0)

Ritz Camera Centers Inc., the largest camera-store chain in the U.S., filed for bankruptcy protection, blaming the deepening U.S. recession and the consumer transition to digital photography.

The 91-year-old company, which had sales of almost $1 billion in 2008, has both assets and debt of less than $500 million, according to Chapter 11 papers filed yesterday in U.S. Bankruptcy Court in Wilmington, Delaware. Ritz sought court permission to tap a new $85 million loan from existing secured lenders.

If you have placed any orders with Ritz Camera through DealDigs and earned some cash back, DealDigs will still honor your cash back at our cost even if we do not get our commission from Ritz Camera.