September 2009
CardLine;9/4/2009, Vol. 9 Issue 36, p6
Trade Publication
The article reports that American Express Co. (AmEx) will levy dormancy fees on certain cardholders in Great Britain who don't use their cards. It is stated that the 20-pound fee will be effective to Platinum credit cardholders who fail to spend with their cards over a 12-month period. According to AmEx spokesperson, the fee is effective immediately for new cardholders and becomes effective for existing cardholders from October 2009.


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