AmEx told more than a million customers this month that their annual rates will climb an average of 2.5 percentage points to at least 12.99 percent, following a review last year, said people briefed on the move. The firm sent letters saying it’s making adjustments after finding their rates were below those for rival cards held by borrowers “with similar credit profiles,” according to a copy obtained by Bloomberg News.
via Business News http://ift.tt/18jmvZu
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