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Bastards! :evil:

AmEx said to revamp rewards program
Credit card giant plans to eliminate some double points, will raise fees for certain cards, according to report.
August 1 2006: 7:20 AM EDT

NEW YORK (CNNMoney.com) -- American Express is overhauling its cardholder rewards program, with changes likely to take hold as early as next month, according to a report published Tuesday.

American Express's (Charts) Membership Rewards program is scrapping some double rewards points programs and raising annual fees for some cards, The Wall Street Journal reported.

Customers will no longer earn double rewards for purchases made at grocery stores, drug stores and gas stations, but the credit card giant plans to implement a new double-points program for purchases made online at select retailers, the newspaper said.

The report said in some cases, annual fees could rise as much as $35 to $125, while other cardholders could see their annual charge decline.

Other changes cited in the report include the launch of an insurance plan that will compensate customers who miss concerts and other events if an American Express card is used to buy the tickets.
American Express intends to inform cardholders about the changes to the rewards program in their August bills, the Journal added.

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Living well is the best revenge
http://www.youtube.com/watch?v=MwUtj_YnNoY

Well at least you will still receive double points when you go on-line to buy your hemorrhoid cream, condoms, and vibrators.



Just think you never have to worry about missing another Village People, Culture Club, or George Michael concert.

It's all good.

Am I being set up:

They just gave me a complementary companion air ticket for being such a good customer. Are they just setting me up to increase my fees ?

Lee

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PS: DO NOT SEND MONEY!

According to today's WSJ, Delta Skymile AmEx holders will still get double miles for "everyday" purchases - specifically at gas stations, supermarkets and drug stores. Not sure if the Delta AmEx will increase fees, though.

Lance