Quote from krazykarl:
^this. same for the gold amex I have. This won't get more people into debt - it will make more people be responsible. The only have 30 days to pay off the FULL amount - no rolling over to next month or your credit is fucked.
exactly wrong, there will be a ton of defaults on this, overlimit fees and 30% interest.
people will buy will the full and absolute intent to pay, then their car will break down and the $500 turns into $1500
Amex is notorously rujthless when it comes to agressively suing customers and having a very long memory.