AmEx paying card holders to close their accounts

American Express Co, battered by mounting credit card losses, is offering $300 to a limited number of U.S. card holders who pay off their balances and close their accounts, the company said on Monday.

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http://www.reuters.com/article/businessNews/idUSTRE51M6N920090223?feedType=RSS&feedName=businessNews&rpc=23&sp=true