Amex Offers to Pay Customers to Close Their Accounts

Monday, February 23rd, 2009

So this is what we have come to. Facing increasing delinquencies and decreasing customer spending, American Express is now offering a $300 incentive to a “relatively small” number of its credit card holders to close their accounts.

The “Simplify Your Finances” program offers a $300 American Express gift card to solicited customers who close their account and pay off their entire balance by April 30. Enrolling in the deal automatically cancels the customer’s account, regardless of whether the borrower successfully pays off the balance.

Only customers who receive a mailing with a registration code are eligible for this offer, which must be accepted by the end of this week.

 Looking for more? Click here to see more American Express credit card offers.

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3 Responses to “Amex Offers to Pay Customers to Close Their Accounts”

1. Mike Says:
   February 24th, 2009 at 9:42 am

   There was an article about this in today’s Washington Post. Unfortunately, the only people that AMEX is making this offer to are deadbeats, who AMEX WANTS to close their accounts.

2. Amex Offering Bonuses to Lower Credit Lines? · Credit Card Watcher Says:
   October 14th, 2009 at 5:38 am

   [...] while ago, it was publicized that Amex was offering to pay select customers to close their accounts. That program, dubbed “Simplify Your Finances,” was supposedly targeted towards [...]

3. for the good time » Back In The Saddle Again Says:
   October 24th, 2009 at 8:28 pm

   [...] all from this blog. But come 2009, the offers dried up. In fact, the situation was so dire that American Express was paying some of their delinquent cardholders to close their accounts!. Well, it would seem that the gloomy days are over. I just received a the new Chase Freedom credit [...]

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