American Express has reversed course and decided if it closes your account, you don’t necessarily forfeit your rewards.
CreditMattersBlog.com has the scoop (CLICK HERE). Amex is sending letters to customers whose accounts have been closed letting them know they now have 90 days to redeem their rewards. The offer is limited to customers whose accounts were in good standing.
For more tips on managing your cards in this challenging environment, read:
- 5 tips to protect your credit scores now
- Protect your credit in a downturn
- Thaw out your frozen credit
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