[quote=Hobie]Re: 27% interest. I got nailed with this one. If you are late you trigger the ‘penalty’ rate. This ‘penalty’ rate continues for several months. Best to set up auto payment so when you are traveling you don’t get dinged like I did. Live and pay .. er learn. Ditto the great customer service w/AMEX. Hard to leave.[/quote]

If you only do it once by accident, you can call them up and have them waive it. They will oblige. Try doing that with my citibank visa… Lol…

This is one of the reasons why I never played with those 0% balance transfer offers. I am so disorganized, if I tried to play that game, I would miss a payment or two.