CHESSNOID

I just got a comment from a reader that made me realize most people believe what all the experts say.  Even when all the experts were wrong about the housing crisis, the recession, the banking collapse, the bailouts, and the foreclosures.  The comment Joe made is that everyone else has to pay for the credit [...]

Last week, I mentioned that the Department of Justice is investigating American Express.  People want to know if it is in regards to Amex increasing credit card rates, lowering credit limits, or canceling the credit cards altogether.
I found a snippet that summarizes what the DOJ is looking into and why this is affecting Amex’s stock [...]

Now that easy credit no longer exists and banks are still in trouble, we will start to see affinity credit cards disappear.  Than means American Express, Visa, and Mastercard store brand and rewards cards will be converted in the future or become pay a fee program.  If I were you, then I might start spending [...]

Do American Express Cards really have no pre set limits? The idea that you can buy based on how much you spend sounds good, yet it my previous blog posts, I had all my limits reduced and my spending did not decrease until after they hammered me.  I don’t think it was an isolated incident, [...]