Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
That's a good question. My guess is the settlement gives Amex the right to require these banks to use their cards, if they want.
Being that Capital One is usually considered a sub-prime card, and many complain about the customer service, American Express probably doesn't want to be associated with them because of it. I'm only guessing but that's what I think.
Chase on the other hand I think is considered a little more upscale, so I don't know why Amex hasn't had them issue cards. I would imagine Amex will require these other banks to issue their cards if the need to increase their customers base due to the credit crunch.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
Current Cards: American Express:
Blue Cash, Simply Cash Bank of America:
WorldPoints Platinum Plus Chase:
Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi:
Thank You Premier, Dividend Platinum Select Discover:
MorePrimary Everyday Card: American Express Blue CashPrimary Travel Card: Chase Sapphire Preferred