Get Paid for Closing Your American Express Credit Card Account
I was shocked when I received this message! American Express would like to pay its customers (targeted) for closing their accounts and pay off the balances before April 30, 2009. If you receive a mail from American Express with RSVP code, you can go to americanexpress.com/prepaidcardoffer to register your account and get the $300 prepaid gift card!
It is understandable that customers are not willing to spend money under current economic situation. More customers are not able to pay off balances. It is reported that only a small number of American Express solicited customers can receive the invitation and close their accounts.
The program is called “Simplify Your Finances” which can be reached at here.
From the website:
Pay off your entire balance between March 1, 2009 and April 30, 2009, and we will send you a $300 value prepaid card1 to thank you. Enrolling in this promotion will automatically cancel your account.
You have to enroll in this program by Feb. 28, 2008.
If you are an active member of the American Express membership rewards program, please make sure that you have redeemed all the points.
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It’s actually not that amazing.
Citibank offered so called Citi Partner Payment Program. When one’s account would be credited wit 10% of all payments made withing three months, $500 Max. Thus if your balance is $6000 and you pay $5000 you will end up owing $500 only. They do not require you to close any accounts.
There is obviously a lot to know about this. I think you made some good points in Features also.