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Old Oct 4, 2018, 7:07 pm
  #306  
Statman
 
Join Date: May 2005
Location: Los Angeles
Posts: 600
Originally Posted by lwildernorva
Amex makes more money on multiple card swipes than on one. Thus a customer unfriendly policy makes it lot more money for them.

CC companies aren't in this for you. Every carrot they offer includes a way for them to fatten their bottom line.
Amex also wants to encourage card holders to remain long term hence the credits are spread out. They don't want the churner who burns the entire credit and then cancels.

There's a reason their management gets paid the big bucks while the rest of us type up posts on FT.
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