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actually i'm pretty sure i read somewhere that they did take some kind of loss as well.
Watchmann wrote:There is a reason AMEX didn't get into trouble like a lot of the banks did over the last year or so, part of it is a high standard of credit issuance.
@FretlessMayhem wrote:
The only grip I have with the FR deal is that if they get iffy, it should occur as part of the activation process, as you can't use it without activating it anyway. Problem solved, everyone wins.
I think it is MV who said he won't even use his Amex in public.
@Anonymous wrote:
@FretlessMayhem wrote:
The only grip I have with the FR deal is that if they get iffy, it should occur as part of the activation process, as you can't use it without activating it anyway. Problem solved, everyone wins.
I think it is MV who said he won't even use his Amex in public.
Exactly, it's not the fact that they didn't want to extend him the credit, it's the fact that they said they would and then pulled the rug out from under his feet. Imagine had he been out on a date at a fancy restaurant and they came back and told him his card was denied... imagine the embarrassment! It's just wrong if you ask me.
@Anonymous wrote:
@Watchmann wrote:When you get an AMEX card be careful with it and don't try to game them right off the bat, they are more sophisticated than the people on this board.How exactly is charging $100 on a $1K CL trying to "game them right off the bat?"