Dollars And Sense

I HAVE BEEN WITH American Express for more than thirty years, reflecting a long-held practice of not overspending and paying off the card at the end of each statement period to avoid being charged a whopping 19.99% interest on any unpaid balance--a good caution not to live beyond my means--while earning hotel points at the same time. I also keep with the company a High Yield Personal Savings Account with a competitive 1.75% Annual Percentage Yield, way beyond what is offered by brick-and-mortar financial institutions like Chase and Bank of America at 0.01-0.03%!