AMEX Clear a Little Cloudy
AMEX has a new card, "Clear," boasting "no fees of any kind."
But Mouseprint found some in the terms and conditions: "Transactions made in foreign currencies are subject to a conversion rate. Foreign currency conversion rate is base rate plus 2%, as described in the Cardmember Agreement." [AMEX website, April 13, 2006]"
As Edgar notes, otherwise there are no fees. But a fee is a fee. "Absolutely no fees except for one that probably doesn't matter too much" probably didn't sound like such a fetching headline, wethinks.
This is a test using rich text formatting and html links. It's the generic "company" ad that should appear on all posts with the Company category if they don't have an ad attached to a specific company.
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Comments:
Well, they did better than Charter One, with their 100% Free Checking that ended up burning me with more than $100 in fees...
And you get a cookie for the word "wethinks".
-M.
I don't think that is a fee. I think that's a commission. There's a difference. :)