debitcardsblow wrote:That is insane. Which rules are AMEX challenging? Do you have a link where I could read more about this?
They are challenging rules against fees they charge to merchants, rules that allow them to punish merchants that offer cash discounts, and various other rules like that. Visa and Mastercard did the same thing but have settled.
I suspect AMEX will continue doing "universal default" but they will not call it that. They are already one of the few credit card companies that occasionally demand a financial review from card holders where in they demand tax returns, proof of income, and all sorts of other stuff if you want to continue carrying their card.