they really want to go out of business

Let's see - I'm getting btwn .3 and 1% on money market accounts - CD's are around 2% for one year and amex thinks that charging 27.24% is what is necessary! Guess all of us who do pay are supposed to make up for all the bad business decisions amex has made.

I knew I hated them - never paid them a cent in interest or late fees and don't plan to start now but if an individual charged this rate wouldn't it be illegal and called usury? Why are the cc allowed to do this? (rhetorical question)