Not much stuff that hasn’t been rehashed yet today but if you haven’t read these posts I strongly suggest you do as I find them extremely interesting.
View from the Wing has a very good post on the AMEX financial review. One of the comments says
I can vouch that Amex in Canada has a similar process, albeit not quite as intensive. Earlier this year, I got a call from them that they wanted to “verify employment and income details”. I spoke to them and the issue they had was that the employer listed on my application from years ago was no longer in business and they needed to update their records. They wanted to know my current employer and income details, but were not able to accept a non-Canadian employer. However, I offered them access to my (Canadian) bank records which included transfers from overseas clients. This was escalated to a supervisor and after a few days, they advised that everything was okay. No change to credit limit and no freezing of the card involved.
You should also check out Loyalty Lobby‘s post on Expedia margins is really interesting. 25% margins are really high for just aggregating hotels.