Amex stock lost 13% today on bad reports, after losing big last year they are feeling the stress in their stock prices for their managements ignorance and greed. Total disregard in trying to be competitive for the end user. I cancelled all but 2 of the many, many amex cards my wife and I had when they started the one bonus per lifetime rule. Now that they have axed our bluebird accounts (because they felt like it) I am glad to see them failing. Die Amex Die.
Any company that offers a card that has in the T&C that they can cancel your account for any reason they desire (or no good reason at all) should fail. I will love not having to use one for Costco, and until they come back with signup bonuses for past customers they will not see their card in my wallet.