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Article: Amex (gasp!) waiving annual fee for MCI users. (American Express Co.; MCI Communications)
- Article from:
- American Banker
- Article date:
- May 5, 1995
- Author:
CopyrightCOPYRIGHT 1995 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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American Express Co. and MCI Communications are teaming up to offer savings to their mutual customers.
The charge card company is essentially waiving its $55 annual fee for both old and new customers who have an American Express green card and also subscribe to one of MCI's long-distance telephone plans.
American Express is offering $55 credits for at least five years to people who meet the criteria.
For its part, MCI will credit long-distance calling card subscribers with $7.14 a month, which is the price of a 30-minute coast-to-coast call on a weekend night.
This is not the first time the two companies have commingled their marketing, and it ...