topic Re: Amex CLD in Credit Cards

Amex CLD

Chris679 — Sun, 23 Feb 2020 22:39:32 GMT

I thought this experience was worth sharing:

I received a letter on Sat. saying that Amex reducted the credit line on my ED card from $20k to $10k due to inactivity over the last 12 months. The last time I used it was 1/18/19 for $7.16. The letter said I could call the number on the back of the card if I wanted them to review their decision so I did. The CSR verified email, phone number, income, etc. I made sure there would be no credit pull and he got the green light right away to restore the credit line. I can't really blame them for lowering the limit but I'm glad they were willing to restore it back. I always pull every card out and use it at least once per year but I guess I'll have to be a bit more careful from now on.

Re: Amex CLD

AllZero — Sun, 23 Feb 2020 22:42:06 GMT

Thanks for sharing the data point. Glad you were able to get your credit limit restored!

Re: Amex CLD

Anonymous — Sun, 23 Feb 2020 22:43:41 GMT

Thank you for the DP! I'm glad to hear your CL was restored! 👍

Re: Amex CLD

blindambition — Sun, 23 Feb 2020 22:55:24 GMT

They were doing this early last year. Went through same with limit restored.

Thanks for DP. Good to know that Amex is still continuing these measures.

Re: Amex CLD

AverageJoesCredit — Sun, 23 Feb 2020 23:01:49 GMT

Glad to hear it worked out. I think bigger issue was the huge credit limit not being used. If it were $2000 i dont think they care but $20k for $7 thats a wasted limit in their eyes.

Re: Amex CLD

kdm31091 — Sun, 23 Feb 2020 23:19:30 GMT

Really not surprising as huge unused limits are not something a bank wants to see. At least it worked out and you were able to get it restored.

Re: Amex CLD

Anonymous — Sun, 23 Feb 2020 23:25:09 GMT

Glad it worked out. You may have to make it your daily driver every so often

Re: Amex CLD

Anonymous — Mon, 24 Feb 2020 00:29:08 GMT

I try to put something on all my cards every month. Not that I'd get a CLD if I didn't, but as Joe said, it looks like a waste of CL for a small charge per year. Who knows what they might change in the future.

Re: Amex CLD

EdMan63 — Mon, 24 Feb 2020 00:40:14 GMT

My guess is you got the card for a SUB with such low usage. Might want to make a little more use of the card from time to time. Glad you were able to get the limit restored.