Let the shafting begin!
Posted on December 1st, 2008 by Brian Corbino
American Express just bumped the interest rate on my Blue card from 7.99 to 10.99. This is, of course, their first response to an economic downturn: “soak the customer”. Step 2 is “fuck the customer”. To wit, Citi and other major banks are cutting people’s credit limits (after already raising the rates on their outstanding balances). I expect Amex to follow suit.
Bastards.