American Express Will Hold Your Miles Hostage If You Pay Late

The corporate sharks at American Express apparently see no reason why Delta, United, and American should get to levy random fees while they have to settle for regular, reasonable, generally accepted fees. How old fashioned! So the credit card, which is cobranded with Delta, JetBlue, Hilton, and Starwood Hotels, is introducing a new fine for customers who are late on their bills.

Not only will those customers have to pay all the normal late fees, but they'll also have to pay an additional fee if they want the points that they've earned to get transferred to their hotel loyalty accounts or frequent flier programs.