American Express has been lagging
behind other credit card issuers in terms of card offerings, they lost their partnership with Costco, and angered many customers when they clawed back sign - up bonuses for various reasons.
Not exact matches
A federal regulation took effect Jan. 1 that requires
credit card issuers and
other lenders to provide millions of applicants with the reasoning
behind the interest rate assigned to the new
credit card or the loan.
The idea
behind that is not to avoid the temporary (but inevitable)
credit score impact but to avoid having
other card issuers see the lowered score when applying for their
cards.