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  1.  06:49 PM #1
    Mogul of Pineapples
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    Default S&P cuts Amex credit rating to "A"

    On Friday S&P cut it from "A-plus" to "A"

    Obviously that's still outstanding but it's bad for American Express because it will effect the prices of their bonds or any other public funding method, making it cost Amex more for spending.
    “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.”
    -Warren Buffett

    Current Cards:
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    Chase: Cash Plus Rewards Visa, Amazon Visa
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    Current Everyday Card:     American Express Blue Cash
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  2.  11:14 AM #2
    1bootcamp
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    What can you do. Everyone is getting downgraded.
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