Credit Card Forum
  1. #1
    Mogul of Pineapples
    Mogul of Pineapples is offline
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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.
    Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed. 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: More
    Primary Everyday Card: American Express Blue Cash
    Primary Travel Card: Citi Thank You Premier
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    Reply With Quote Reply With Quote     Dec 20, 08, 7:49 pm
  2. #2
    1bootcamp
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    Default

    What can you do. Everyone is getting downgraded.
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    Reply With Quote Reply With Quote     Dec 21, 08, 12:14 pm
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