A few months ago, I made the mistake of opening a credit card application from an American Express account.
It was a bad idea, since the cardholder would have had to provide the address of their home office, since they were going to use the card to pay for their groceries and other household expenses.
Instead, I checked the card balance and saw that the balance had gone up by $500.
The next thing I knew, the card had become a full-fledged investment account.
The interest rate was 3.75%, which I didn’t know was possible because I hadn’t signed up for an investment account in years.
Now, it’s a $200,000 portfolio with a return of 12%.