AmEx Encourages Cardholders to Leave
It used to be that credit-card companies lured customers with cash rewards. Now American Express Co. is paying to get rid of them. The card issuer is offering selected customers a $300 AmEx prepaid gift card if they pay off their balances and close their accounts.
The unusual move underscores how quickly conditions have deteriorated in the credit-card market. The current economic morass was provoked by spiking mortgage defaults. But as the economic crisis widens and unemployment climbs, there is growing concern that credit-card defaults will soar into the stratosphere as well.
Here's a glimpse of the ride.
Las Vegas Stratosphere X Scream Ride
Here's a chart of the ride.
Hotels: Occupancy Rate Increased 1.9% Year-over-year
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From STR: U.S. hotel results for week ending 2 November
The U.S. hotel industry reported positive year-over-year comparisons,
according to CoStar’s latest ...
3 hours ago
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