AMEX at 46% APR when base rate is 1.5%!!!
This was the shock headline in London's largest newspaper, the Evening Standard, yesterday. In their free sister paper, London Lite, the short version of the article read: "AMEX at 46%? No, that won't do nicely! "AMERICAN Express has increased the cost of borrowing on one of its credit cards to 46 per cent – more…