Thursday, November 5, 2009

Take Charge

O&M does it again. Creativity at its best. The latest from American Express basic charge card, after a hiatus of 7 years is captivating yet simple. The tagline "Don't Take Chances. Take Charge" urges customers to take responsibility for their spending with a lightness of spirit that is hard to ignore. Although the benefits mentioned in the commercial is a huge plus, the charge card in question requires the balance to be paid in full each month. Given the economic turmoil of the past year, am not surprised.

According to Forbes, "The number of credit cards issued this year has decreased 39%, causing further concern for card companies already dealing with financial setbacks. AmEx's second-quarter revenue, reported in late July, dropped 18% to $6.09 billion and profits plunged 48%."

Keeping the above in mind, this campaign is a hands-down winner. It not only encourages consumers to get credit cards and buy stuff (which by the way is great for the economy), but also manages to remind them to be sensible about it. Few campaigns can say it all...and still make us smile. This one sure does.

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