Originally Posted by BugsyPal

After being speaking both to a Tier I and II level CS reps general line is this; AMEX doesn't charge interest on balances because (naturally) their charge card holders aren't supposed to carry them month to month. That interest is one way credit cards make money. AMEX replaces (or makes) that revenue instead from annual membership fees. If they start reducing or waving those fees it would have an immediate affect on their bottom line.