11-18-2009 02:51 PM - edited 11-18-2009 02:53 PM
American Express Co. is buying Revolution Money for about $300 million to keep up with trends in electronic payments, where new security features and online transaction options are shaking up traditional models.
11-19-2009 06:16 AM
That might give a new boost for Revolution card as more vendors would sign up for the card. It would be interesting to see how things turns out for this card.
remains to be seen if the new "Rev" will retain amex age history like other amex products...
with amex at the helm, seems unlikely to remain a hidden TL.
11-19-2009 07:03 AM
11-19-2009 07:08 AM
Revolution card does not report to Credit Reports so Age issue does not matter. These cards are not issued by Amex. These cards are issued by different banks on behalf of Revolution card and each of the banks might have their guidelines.
it is not yet clear whether amex will begin reporting these accts. or how other banks will be involved (if at all) once amex finalizes the deal.
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