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Super Contributor
Posts: 6,409
Registered: ‎05-23-2009
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Revolution Card From Amex???????

[ Edited ]

link:

 

http://www.google.com/hostednews/ap/article/ALeqM5g7FqSRMUdBwxNia_-61riqB44y7QD9C24CQ82

 

 

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. 

 

Ron. 

Message Edited by Ron1 on 11-18-2009 02:53 PM
Message Edited by Ron1 on 11-18-2009 02:53 PM
Super Contributor
Posts: 6,026
Registered: ‎09-18-2007
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Re: Revolution Card From Amex???????

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.
Senior Contributor
Posts: 3,696
Registered: ‎01-10-2008
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Re: This "Revolution" Shall be Televised :smileytongue:


concorduser wrote:
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.

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Super Contributor
Posts: 6,026
Registered: ‎09-18-2007
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Re: This "Revolution" Shall be Televised :smileytongue:

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.
Senior Contributor
Posts: 3,696
Registered: ‎01-10-2008
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Re: This "Revolution" Shall be Televised :smileytongue:


concorduser wrote:
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.

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
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