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November 18, 2019

American Express to Drop Benefits From Some Cards

Filed under: Finance — Edgar (aka MrConsumer) @ 6:08 am

American Express just announced that it is dropping a number of pro-consumer benefits from a number of its free credit cards.

Tucked on page five of MrConsumer’s October billing statement for his American Express EveryDay card was the bad news.

*MOUSE PRINT:

Amex benefits cut
List edited for easier viewing

So no more double the manufacturer’s warranty, return protection, etc. They are retaining but shortening “purchase protection” for items that are lost or stolen. And collision damage waiver on car rentals will still be offered. (See more details here.)

AMEX’s announcement continues a disturbing industry trend of reducing traditional card benefits that have provided cardholders who utilized them with very valuable perks. See our previous story about Citi dropping benefits on its cards a couple of months ago.

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1 Comment

  1. In other words, this credit card will operate more as a cash transaction does, except you are still able to hold onto your cash for about 25 days after the transaction. Not bad.

    Comment by Marty — November 18, 2019 @ 9:14 am

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