Archive for the 'Consumer News' Category

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American Express offers some holders $300 incentive to cancel accounts

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.