American Express Dropping the Hammer–Blue Cash 5% Cards Closed Being Closed Today

Very interesting developments happening today. Without notice American Express seems to have started closing accounts of people who have the old Blue Cash 5% card. In an unprecedented manner they seem to  be emailing affected cardmemebers to tell them their cards have been cancelled. The text of the email is as follows: We are contacting […]

Membership Rewards Points: Shadow Currency, Orphan Savior and Risky Business

Note: Yesterday’s post was all #101. Today’s post is the opposite. Also, if you’re new to Miles this post is not for you. We’ve discussed the similarities between miles and investing before on Milenomics.  We all know investing carries risk–and something your broker will often ask is how “risk tolerant” you are.  If you want to […]