TITLE

AMEX ADDS 'DORMANCY' FEE FOR SOME UK CARDHOLDERS

PUB. DATE
September 2009
SOURCE
CardLine;9/4/2009, Vol. 9 Issue 36, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
44061027

 

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