Amex dormancy fee

dosh37

k12479 wrote: »

Errr...no, it's not. It's more like a supermarket setting aside stuff for you, which you then never show up to pay for.


I'm sure the staff were all very glum when they heard the news.

Not all of us can afford to shell out what amounts to a £20 fine for not spending money. Other credit card companies do not charge such a fee.

miduck

dosh37 wrote: »

Not all of us can afford to shell out what amounts to a £20 fine for not spending money. Other credit card companies do not charge such a fee.

Think of the £20 as a fee for a lesson in remembering to read the small print.

_Andy_

dosh37 wrote: »

Other credit card companies do not charge such a fee.

So? You're suggesting that any provider of any product should always charge the same?

sfax

Struggling to see why you would have a card like an Amex and not use it even once for an entire year (and yet be a member of the MSE forum). Smacks of poor organisation to me

Giraffeseeker

Why not just use it once or twice a year and pay off in full? Or put an annual recurring payment, like breakdown cover, on it to ensure useage? I can kind of see why they would charge an admin fee if never used.

qetu1357

Just got charged this too.

Rang up, cancelled my card and they refunded/took off the charge.

joe134

dosh37 wrote: »

I have also just been stung by this scam.
There was no email warning in advance - just a £20 fee on the statement.

When I took the card out in 2008 there was no such dormancy fee.
It was added in 2010 - unless you read the small print it was not at all obvious.

Even if you were aware, to me it is yet another way for big business to scam money from customers. It's rather like a supermarket charging you an extra £20 because you haven't shopped there for 12 months.

I've cancelled my account. American Express know where they can stick their card. :mad:

7.11 We may change the circumstances in which any of the fees on your account are
charged, the amount of those fees and introduce additional fees in accordance with the
„Changes‟ section of this agreement.