The Unsinkable brian cork™

Brian Patrick Cork is living the Authentic Life

the beast be AMEX: new rules

January31

Apparently American Express profiles shoppers and now evaluates where (not just how) we use their cards – and, will penalize cardholders if they visit certain stores or restaurants.

Good Morning America ran a story about this yesterday.

ABC offers a good summary of the story here

See a list of potential “trouble spotshere.

I use American Express. But, now I need to be careful not to use it at places where other people (and, not necessarily AMEX users) shop.

Pondering if this is evil or smart.

Recently AMEX’s stock went up, even though profits are down (read a story here). American Express has the right to protect itself.  And, as a shareholder I appreciate this. 

I don’t mind being held accountable by people.

However, I don’t want to be responsible for other people’s actions.

Rules enable (in part) informed decision-making. Rules make the community work by uniformly fair application (kids and dogs instinctively appreciate and respond well to rules).

The key here is American Express (and, probably other credit related companies) is changing the rules – and, we don’t know what the rules are.

Peace be to my Brothers and Sisters.

Brian Patrick Cork

 


One Comment to

“the beast be AMEX: new rules”

  1. Avatar October 31st, 2009 at 12:37 pm extortion: credit card companies caught in the Act « The Unsinkable brian cork Says:

    […] in our household, or in my businesses. We prefer American Express (I certainly have issues with American Express), but when we need to use a credit card we prefer to pay it off. Apparently most Americans […]


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