American Express (AmEx) Pauses All New Card Applications 🚨🚨

[coolguy1]

Seems like AmEx wants to pause and look back into what they've been doing.
They're pausing all new applications for the time being, probably for the next few months under the reason 'strategic business transformations'.



This does not affect current users but only the new applications.

They've been getting dragged for a decline in their quality of customer support, lack of new offers and the overall card value going down.
Do you think they will introspect all of it and come back even better and stronger?

 

[praful47]

I

I hope they launch banking, it would sure be a breath of fresh air.

With metal debit card

 

[JAM]

I

I hope they launch banking, it would sure be a breath of fresh air.

Our governments have worked very hard to push the foreign banks out.
Citi,RBS,HSBC, StanC used to be the go to in the 90s look at them now.

 

[VasukiVasuki is verified member.]

Our governments have worked very hard to push the foreign banks out.
Citi,RBS,HSBC, StanC used to be the go to in the 90s look at them now.

Its the compliance

We aren't Switzerland

 

[Bionick]

Banks like Citi, RBS, Barclays, SCB aren't doing well in consumer banking services anywhere. Most of them shrunk their global footprint after 2008 financial doom.

 

[DarthBrooks]

Our governments have worked very hard to push the foreign banks out.
Citi,RBS,HSBC, StanC used to be the go to in the 90s look at them now

That's true but they turned corporate providers in India, since IT boom they tied up with MNCs and milking that, since customers have different priorities in India.