AMEX credit limit decrease

[trant3]

OP's comments seems to contain many subjective thoughts about Amex (i.e being sexist), I highly doubt that. It is true that Amex is balance chasing, but that may just be it. I've been with Amex for 10 years and have had no issues, literally zero. 

[Anonymous]

Remedios - What I did? You have to be kidding! All I ever did was pay these people on time!

Don't get me wrong, it's a free country but if a credit card company does not want to make interest on a balance, or if it cannot maintain such balance - then perhaps they shouldn't be in the finance business? As a small business owner I though AMEX was better suited to handle such things and when I needed them they couldn't pony up the dough! How is that my fault? Discover didn't flinch! Didn't even bother me with any calls either! Probably because it was a local hometown transaction. 

You claim AMEX is good and stable/solid lender but that is not always true! I felt my bad experience had merit in the original thread it was posted in because the entire thread made me want to vomit when I read it... my response being moved just re-affirms my belief that it was and still is a "doctored" thread. Why? Because it has foot traffic off Google. 

[CreditCuriosity]

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@Anonymous wrote:

Remedios - What I did? You have to be kidding! All I ever did was pay these people on time!

Don't get me wrong, it's a free country but if a credit card company does not want to make interest on a balance, or if it cannot maintain such balance - then perhaps they shouldn't be in the finance business? As a small business owner I though AMEX was better suited to handle such things and when I needed them they couldn't pony up the dough! How is that my fault? Discover didn't flinch! Didn't even bother me with any calls either! Probably because it was a local hometown transaction. 

You claim AMEX is good and stable/solid lender but that is not always true! I felt my bad experience had merit in the original thread it was posted in because the entire thread made me want to vomit when I read it... my response being moved just re-affirms my belief that it was and still is a "doctored" thread. Why? Because it has foot traffic off Google. 

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Certain lenders like certain things.. Amex will balance chase if you have high balances with them for extended times or see high balances on other lenders for extended times getting paid down slowly.  Certain lenders like certain things.. Now lenders that love to see balances would be lenders like Cap1 and Discover and various CU's they don't mind you carrying balances for long periods of time so they make interest off said interest.  Lenders like Amex, BofA, Chase etc will start to get a bit scared if large balances for prolonged times are being paid down slowly or continue to grow balances while paying down slowly.  Each lender has their target audience.

[ChessChik47]

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@Anonymous wrote:

Remedios - What I did? You have to be kidding! All I ever did was pay these people on time!

Don't get me wrong, it's a free country but if a credit card company does not want to make interest on a balance, or if it cannot maintain such balance - then perhaps they shouldn't be in the finance business? As a small business owner I though AMEX was better suited to handle such things and when I needed them they couldn't pony up the dough! How is that my fault? Discover didn't flinch! Didn't even bother me with any calls either! Probably because it was a local hometown transaction. 

You claim AMEX is good and stable/solid lender but that is not always true! I felt my bad experience had merit in the original thread it was posted in because the entire thread made me want to vomit when I read it... my response being moved just re-affirms my belief that it was and still is a "doctored" thread. Why? Because it has foot traffic off Google. 

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Sorry, but you are absolutely wrong here.  This forum doesn't work like that.  The moderators and administrators are very good at what they do and making sure everyone adheres to FSR.  Folks have differing opinions and they are all welcome.  There's no need to "doctor" a thread on a credit card forum, there's much bigger things to deal with in real life.

[CreditCuriosity]

Also what we do is VOLUNTEER work.  We are not affiliated with the site or paid in any way, we do it to pay back the forum for helping us with what we have learned.. At least that is why I choose to moderate as it truly is a thankless job.

[Anonymous]

CardNut,

Of course my ratios are whacked now! I took a $40,000 credit line hair cut!

It's a real shame the moderator removed my link, the evidence was devastating against American Express! They claim they don't want to get political in here but the most recent cut in my credit came after a political donation.

I too agree that politics has no place in finance! But it was the last purchase of the cycle before my credit limit was cut! That is a fact! So as much as I would like these companies headquartered in New York to play fair, it's not happening.

Sexism I can prove because my wife and I file jointly - we have the same income! Yet they did not wack her credit line AND she has a much lower interest rate! When I had her call and remove me as an authorized user she had it on speakerphone and they must have assumed we were getting a divorce because they kept on apologizing and telling her that they "had her back"! LOL, we both looked at each other and laughed because we knew the reason I was being removed is because I am about to file a federal case against them here in Detroit.

I should also mention that AMEX reported me as an authorized user on her card to the credit reporting companies, yet she is an authorized user on ALL THREE of my cards and they aren't reported on hers! 

They are VERY Sexist! I have proof! But the link to the proof was hidden by the Mod's, just like the thread was originally moved - although I have since read that it's in both places. Thanks, I think! lol

I am trying to keep up and I would really like to answer everyone specifically but I am having trouble figuring out how to quote people. Taking me a bit to get my head around this format.

[ChessChik47]

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@Anonymous wrote:

CardNut,

Of course my ratios are whacked now! I took a $40,000 credit line hair cut!

It's a real shame the moderator removed my link, the evidence was devastating against American Express! They claim they don't want to get political in here but the most recent cut in my credit came after a political donation.

I too agree that politics has no place in finance! But it was the last purchase of the cycle before my credit limit was cut! That is a fact! So as much as I would like these companies headquartered in New York to play fair, it's not happening.

Sexism I can prove because my wife and I file jointly - we have the same income! Yet they did not wack her credit line AND she has a much lower interest rate! When I had her call and remove me as an authorized user she had it on speakerphone and they must have assumed we were getting a divorce because they kept on apologizing and telling her that they "had her back"! LOL, we both looked at each other and laughed because we knew the reason I was being removed is because I am about to file a federal case against them here in Detroit.

I should also mention that AMEX reported me as an authorized user on her card to the credit reporting companies, yet she is an authorized user on ALL THREE of my cards and they aren't reported on hers! 

They are VERY Sexist! I have proof! But the link to the proof was hidden by the Mod's, just like the thread was originally moved - although I have since read that it's in both places. Thanks, I think! lol

I am trying to keep up and I would really like to answer everyone specifically but I am having trouble figuring out how to quote people. Taking me a bit to get my head around this format.

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Go to the post you want to quote, hit reply, then hit the quote button.

[CreditCuriosity]

Alight... @Anonymous  please read this.  We don't allow ANY political talk among other things on this forum, this isn't optional.  Please read the TOS of the forum prior to post again while I clean up some of your post.  We have no agenda here, but to try to help out other people.  We do censor  stuff as if we didn't the forum would be the wild west and be arguing back and forth and that simply isn't an option that we will allow.

Five things we don't discuss on myFICO:  http://ficoforums.myfico.com/t5/User-Guidelines-General/5-Things-We-Don-t-Talk-About/td-p/336929

[Physh1]

I've seen both sides of Amex over the years...I've been a cardholder since 2001. I was very happy with them for years....I hit financial hardship around 2009 & maxed out some cards (not Amex) to float myself...ended up burning a few creditors badly...MBNA & Cap1 specifically. Amex was very very proactive & unfriendly about reducing my limits (even though I was keeping up with them fully...actually PIF on all accounts every time). I didn't like this BUT understood it when I took a clear neutral look at things. My scores in a quick time dropped from the mid 700's to the 500's...

Now that I'm in better shape again Amex has been quite generous with me. You don't mention any conversations with Amex in detail...I bet you've talked to them. Have they shared a reason? Something has them spooked...sometimes it's computers making the decisions while sometimes it's a manual review. They see something that they don't feel comfortable with. There is always a reason. Amex, like every other creditor, wants to make money. In this case, for some reason, the need to make money is being overrode by some self protection need. You're pretty upset, which I understand, but I'd suggest you clear your head & look at things less passionately & more neutrally.

You make mention of you 2 having the same reported income but different APR's. You should know that income is not the sole determination of limits, APR, etc. There are dozens of variables considered...each will be profile specific. The APR differences & your mention of AU reporting doesn't really make sense to me. In one case you benefit & in the other your wife does. I don't see that as sexist in any way. Either way...personally, you seem so jaded over this subject. I'd find another creditor that works with you in a way you find helpful. You don't want to follow the TOS here...probably because you didn't read it...there are rules to work with...here, with your creditors, with life. Sometimes there are disagreements...might be time to simply cut your losses & move on from Amex.

[Anonymous]

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@Anonymous wrote:

CardNut,

Of course my ratios are whacked now! I took a $40,000 credit line hair cut!

It's a real shame the moderator removed my link, the evidence was devastating against American Express! They claim they don't want to get political in here but the most recent cut in my credit came after a political donation.

I too agree that politics has no place in finance! But it was the last purchase of the cycle before my credit limit was cut! That is a fact! So as much as I would like these companies headquartered in New York to play fair, it's not happening.

Sexism I can prove because my wife and I file jointly - we have the same income! Yet they did not wack her credit line AND she has a much lower interest rate! When I had her call and remove me as an authorized user she had it on speakerphone and they must have assumed we were getting a divorce because they kept on apologizing and telling her that they "had her back"! LOL, we both looked at each other and laughed because we knew the reason I was being removed is because I am about to file a federal case against them here in Detroit.

I should also mention that AMEX reported me as an authorized user on her card to the credit reporting companies, yet she is an authorized user on ALL THREE of my cards and they aren't reported on hers! 

They are VERY Sexist! I have proof! But the link to the proof was hidden by the Mod's, just like the thread was originally moved - although I have since read that it's in both places. Thanks, I think! lol

I am trying to keep up and I would really like to answer everyone specifically but I am having trouble figuring out how to quote people. Taking me a bit to get my head around this format.

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What was your util BEFORE the cut?

And yes, we are trying to figure out the cause, outside of you calling them directly, which in almost all cases, the best way to find out. 

If the "unusual" or "unorthodox" event I questioned actually was a donation, that would be interesting. If it were, that eliminates a call from you to Amex, as they would not tell you that's the reason.

Someone could try a donation to <mod removed> to see if it is the cause. I'm doubting it, but in today's world, we've seen people thrown out of restaurants because of it. I might try it. My experience with Amex has been great. If I do it, and get whacked, then we all need to go hmmmmm.

FYI, last month I have a donation on my Amex to <mod removed>. My account has not been changed.