Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
Just under 80% of the "mass affluent" have not changed their credit card payment patterns at all over the past year. Most are paying them the exact same way they did before the economy crashed.
You can read the story here:Economy hasn't changed Mass Affluents' credit card payment behavior
That should be good news for the core customer base at American Express. However Amex started undertaking a large amount of riskier cardholders so they are dragging the company down right now.
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