AMEX changes all Blue 9.99% APRs to 12.99% APR
Nov 12th, 2008 by Jason
And just like that, my AMEX Blue went from being my #1 favorite card to being filed in my desk drawer at home. It’s not even worthy of wallet space anymore. 
That sucks. I know that they’re about to go bankrupt, but I seriously move about $2,000 a month through them just on daily shit that I pay off at the end of the month. Even though I don’t always carry a balance, they make a nice chunk of change in merchant fees.
As much as I love them (and Jesus do I love them), I’m not going to be using a 12.99% APR card when I have so many other 9.99% ones (for the times I do carry a balance).
Update: After an email exchange with AMEX, they ended up not raising my rate, .. the actually lowered it quite a bit, so as usual, AMEX remains as my favorite card to use. 