Kabbage by Amex - anyone tried?
American Express - Kabbage
Consumer complaining Kabbage Checking
I'm wondering if there is a class action lawsuit around that or if would anyone be staring one that will be coming out. I will for sure be part of it since their process is not fair and they are killing the small fishes in the water for their own monetary benefit, after falsely advertising about Kabbage Checking services.
I don’t believe this is going to happen. Businesses open and close all the time and Amex chose to close this because they opened their own business checking.
While I understand your frustration, you should do your best to move on. I also have a Kabbage checking account but no business loan and just received the same email.
Times are changing. All we can do is roll with the punches and be grateful that we can. Good luck!
More on reddit.comKabbage is absolute garbage!
Kabbage BLOC ?
More on reddit.comWho issues the loans drawn on an American Express Business Line of Credit?
How much business credit can I get?
How quickly can I get my loan funds?
Videos
I keep getting solicited to open a Kabbage checking account (now owned by Amex and they heavily advertise that fact). The most appealing thing about it is the 1.10% APY on the account (which is over 4x the 0.25 I am currently getting on SoFi) - however I'm not sure how the rest of the benefits stack up and I can't find a ton of reviews on this. Does anyone have any experience?
I'm perfectly content with SoFi, though I was considering switching to Charles Schwab to take advantage of the Schwab Plat and do some investing. If I switch it's probably be to that but considering all options.
If anyone has any experience let me know!