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Thread: Amex can rot in h*ll - I just cancelled my Plat card
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Old Nov 12, 2003 | 9:23 am
  #11  
ironmanjt
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Doppy:
Of course, one would spend nearly $4500 in PayPal fees doing so.


I think AmEx may be worried that people might use PayPal as a cash advance. Of course, it still comes with about 3% of PayPal fees.

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2.2% if you have a business account. Of course, if you have the amex cash rebate card you're getting 1.5% cashback, so in reality the fee is only 0.7%. Even on 150k this only comes to about $1000. If someone's willing to pay a $2500 annual fee, I'm sure they'd be willing to pay $1000 to get the card.
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