The old Amex for Target prepaid card is on the chopping block, as Amex just sent out an email indicating that it will be discontinued on March 21, 2016. [This is not REDbird, rather an old prepaid card that hasn’t gotten much attention recently due to its fees.]
Apparently, they are taking a serious look at their overall system and adjusting accordingly, including:
- Nerfing AFT
- Shutting down around half of their Serve/Bluebird account holders
- Laying off 124 workers who work in the Serve department
Amex is also offering a $25 bonus for new Serve accounts, as noted in the email. We’ll cover that in a separate post.
HT: @voyagingdoc
