Originally Posted by
oliuk
I also received this offer. Seems amazing that amex will reduce the interest rate on all purchases from 19.9% to 2.99% - a huge drop.
Interested to hear other people thoughts.
I was a bit surprised to see this too. I didn't think AMEX played the aggressive balance chasing game. Done in my head, that's dimensionally £450 interest saved on a hypothetical £10K of unpaid purchases over a 6 month period.