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American Express reduced my credit line by 95%

A

alphatarget1

Diamond Member
Called them and cancelled the card. I have never missed a payment, and have been a customer since 2004. I can understand them cutting it in half, or maybe even 70% to 3000 bucks. 500 is an insult and I'll never ever do business with American Express ever again. May they rot in hell.
 
I got a notification from chase today that they canceled one of my cards. I haven't used it in about 9 years.
 
Originally posted by: TheInternet1980
That sucks.

But American Express doesn't give a shit.
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I would say they lose a lot of money if I don't give them business again ever. I hope all of their high risk customers default on their CC debt and they die.
 
Originally posted by: Cattlegod
I got a notification from chase today that they canceled one of my cards. I haven't used it in about 9 years.
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I had just bought a mcdonalds breakfast with that card today because I don't want them to cancel it since I haven't used it in a few months. Guess I should've just kept it in the drawer.
 
Originally posted by: JohnCU
Originally posted by: her209
Credit card companies are going to get bailed out next. Just watch.
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does that mean we'll all wake up one morning and our balances will be $0?
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Yes. By the way, I have some oceanfront land in Kansas, would you be interested?
 
Originally posted by: MotF Bane
Originally posted by: JohnCU
Originally posted by: her209
Credit card companies are going to get bailed out next. Just watch.
Click to expand...

does that mean we'll all wake up one morning and our balances will be $0?
Click to expand...

Yes. By the way, I have some oceanfront land in Kansas, would you be interested?
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🙂 🙂 🙂
 
Originally posted by: alphatarget1
Originally posted by: Tooncesthedrivingcat
that's gonna hurt your score for a bit. And Amex has been doing this alot lately.
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I don't need a loan anytime soon so that's good...
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Citi took my interest rate from under 10% to over 22%. Needless to say, that one is now closed. I've had that account for nearly 15 years.
 
Originally posted by: Gillbot
Originally posted by: alphatarget1
Originally posted by: Tooncesthedrivingcat
that's gonna hurt your score for a bit. And Amex has been doing this alot lately.
Click to expand...

I don't need a loan anytime soon so that's good...
Click to expand...

Citi took my interest rate from under 10% to over 22%. Needless to say, that one is now closed. I've had that account for nearly 15 years.
Click to expand...

I never carry a balance so I wouldn't care if they raise the APR or not...
 
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