Coming to a home near you soon: Credit card companies asking you to cancel your accounts

American Express is offering a certain number of customers $300 to close their accounts and pay off their balances.

The credit card company is reeling from rising delinquencies on card accounts as Americans lose their jobs and put off paying off their debts, including on their cards.

The nation's massive credit card debt, estimated at $4.4 trillion before the economic downturn, will be the next financial crisis to hit the nation's economy, further reducing consumer spending.

And you might get a notice like American Express cardholders -- usually the more affluent in society -- asking for cancellation of your card right when you need it most.