FlyerTalk Forums - View Single Post - Do you think AMEX will ever replace the Blue and Clear cards with something else?
Thread: Do you think AMEX will ever replace the Blue and Clear cards with something else?
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Old Jun 30, 2009 | 12:54 pm
  #7  
Aaron01
 
Join Date: Oct 2008
Location: SEA
Programs: All Around Nobody
Posts: 861
Originally Posted by DownUnderFlyer
Why do you think they would do this?
If they issue credit cards directly like they do now, they're stuck with all of the risk when someone doesn't PIF their balance. When they issue them through banks like V and MC then the banks take the liabilty and they make all of their money off of transaction charges.
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