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American Express Comes To The Rescue of Some Advanta Business Credit Card Customers |
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| American Express Comes To The Rescue of Some Advanta Business Credit Card Customers |
| Thursday, June 11,2009 04:28 AM |
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Advanta Corp., which closed small business credit-card accounts to new use last week,
said in a Friday regulatory filing that it has entered into an
agreement with American Express Travel Related Services Co. Inc. to offer some of its customers accounts.
Advanta said it will communicate an invitation to specified customers
to apply for a card account with American Express. It said some
invitations may come directly from American Express. The agreement is
exclusive and lasts for up to 60 days — one year for a limited number
of the customers. As part of the agreement, Advanta receives a fee for
each account opened by American Express.
Read the rest: http://www.bizjournals.com/philadelphia/stories/2009/06/08/daily1.html
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