AMEX IS HORRIBLE lowered my credit limit

[iignatii]

Amex lowered my credit limit from 1000 to 500 claiming that my fico score went down. I cancelled my card immediately. I will never do business with AMEX again. I checked my score and saw bloomingdales put a 30 days late on my report. I am now in dispute with them.

[Anonymous]

Thats been going around lately.

[iignatii]

Well then I will cancel all the cards that do that.

[TigerCat]

Sorry to hear the news, and that's totally ridiculous. I had AMEX for 10 years, and they are so overrated. I say to all instead of paying those annual fees to them, put the money in a savings account. You'll be so glad you did.

[Red1Blue]

Sorry to hear that. Looks like it is happening to several people now a days. I read several other members report similar thing happend to them.

[haulingthescoreup]

I got one of their old-fashioned charge cards, but I'm not touching the "revolvers" until they calm down. And probably not then --my other cards have better rewards.

Although I suppose you could use one as a credit monitoring service, knowing that the moment anything changed on your reports, you'd be alerted by AmEx, in a highly unpleasant manner.

[Scamp]

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haulingthescoreup wrote:

Although I suppose you could use one as a credit monitoring service, knowing that the moment anything changed on your reports, you'd be alerted by AmEx, in a highly unpleasant manner.

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  HTSU, you're BAD. lol.  I needed a laugh today - you just gave it to me.  Thanks!! 

[Red1Blue]

Hauling is right. Why not subscribe for Amex Credit Secure or TrueCredit 3 in 1 so you can monitor the events closely. I check both Credit Secure and TrueCredit every day to see if there is any changes made to my CR. I am very vigilant with CR's.

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Scamp wrote:

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haulingthescoreup wrote:

Although I suppose you could use one as a credit monitoring service, knowing that the moment anything changed on your reports, you'd be alerted by AmEx, in a highly unpleasant manner.

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  HTSU, you're BAD. lol.  I needed a laugh today - you just gave it to me.  Thanks!! 

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Message Edited by Scamp on 12-13-2008 10:46 AM

[Anonymous]

4k to 500 here. amex didn't like my mortgage. since the cld i picked up 10k w/citi, 4.5k w/chase and 500 checking od loc when i opened a checking account.

i read on another board that one guy had over a 100k from amex!

[Red1Blue]

I am staying away from Amex. Minimal use on my Platinum Charge and Oasis Optima Card. I have no time or energy to deal with Amex tantrums.