american express

AmEx Charges You For Having A Negative Balance. What?

AmEx Charges You For Having A Negative Balance. What?

American Express hit Mike with a finance charge because his Blue card had a balance. A negative balance. Incredulous, Mike called and said, “so you dinged me for carrying a balance and not making a payment, even though it was a negative balance?,” to which AmEx replied, “Right, even negative balances.”