AMEX suspends charges within a week ---- UPDATE ----1/07/16 UPDATE

[creditguy]

It's interesting that in this day and age some people still put Amex on a pedestal as the holy grail of cards. A you haven't made it until you have acquired an an Amex card type of mentality. Well it's posts like this that remind you Amex is not perfect and hands out cards to anyone. Are Amex cards great? Yes. But is Amex without it's flaws? Nope. The point is Amex is just as strange as other cards. They hand out toy limits, have hit or miss customer service and perform AA just like anyone else. This could have happened with any card, but then again we're not sure what really happened here. At the end of the day it's just business folks not personal. 

[Anonymous]

Amex inhibits the American economy.

[CreditCuriosity]

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@Anonymous wrote:

Amex inhibits the American economy.

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Lol...Still holding a grudge on them I see.  Should read the Terms and conditions before trying what you did and got shut down for.  Some people have to learn the hard way.   What the OP did or did not do and what you did do are two separate things and have no comparable measures.

[Anonymous]

Can you give me a quote Terms and conditions? I didn't brake any of it.  (P.S. How insert a quote here?)

[creditguy]

Getting ticked off at a card for various reasons is normal but seriously you've got to move on. It's business not personal, except you are making it personal. Amex may have inhibited your personal economy but there are millions of others who would disagree with your American Economy sentiment. Many contributors have pointed out what you did to incur Amex's wrath, how much clearer must it be made? 

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@Anonymous wrote:

Amex inhibits the American economy.

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[Anonymous]

I appreciate your praise for Amex.  Maybe you have a long good relationship with them. And I hope that it will continue.

But I have a slight suspicion that this partnership is unreliable and can end up with not your fault. What are you going to say when it happens?

[CreditCuriosity]

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@Anonymous wrote:

I appreciate your praise for Amex.  Maybe you have a long good relationship with them. And I hope that it will continue.

But I have a slight suspicion that this partnership is unreliable and can end up with not your fault. What are you going to say when it happens?

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Spending some of my time to try to find out in the Terms and conditions of use to find your violation, but quite honestly having trouble find the verbage of what you did.  Although with that being said, the lender or any lender even if not mentioned in the t and C's have the right to cancel your card for any reason.  I am sure someone will dig up this information that I can't find.  Anyways, took this quote from another site about how Amex sees this and they watch it like a hawk.   Although some of this should be "common sense".  Why didn't you just do a Cash Advance?  Not saying this wouldn't of got your card cancelled either

"American Express is very hip to this game, by the way. Paypal purchases are always scrutinized by American Express. They’re scrutinized because it’s so easy to do what I’ve just described. Small purchases won’t likely gain anyone’s attention at American Express, but you can bet your bottom dollar that big purchases won’t go unnoticed.
American Express, once it has flagged your account, wants to know two things: one, are you essentially doing a cash advance or balance transfer? And, two, are you broke? Indeed, if you are doing these kinds of sham transactions, you’re likely strapped for cash. If you’re strapped for cash, and doing these kinds of deals, then you’re likely a high-risk customer to American Express. If you’re a high risk to American Express, it’s going to reduce your limit substantially or cancel your card altogether.
If you’re going to do these kinds of Paypal transactions, don’t use American Express to do it. They’re on top of the game when it comes to this stuff. Better still, just don’t do it at all. Indeed, this is not the credit environment in which to test the cards companies’ computer systems."

[creditguy]

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@Anonymous wrote:

I appreciate your praise for Amex.  Maybe you have a long good relationship with them. And I hope that it will continue.

But I have a slight suspicion that this partnership is unreliable and can end up with not your fault. What are you going to say when it happens?

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It's not praise for Amex it's just facts. You can have all the suspicions you wish but like I said its business and every card, lender or bank can decide at anytime you are no longer a desired customer and say goodbye. You could be deemed risky for many reasons and sometimes you won't know of a policy until you violate it, but somewhere it's written in your agreements. Regardless, if and when a bank does this to me I will of course get a little upset until reason kicks in, at which I'll just shrug it off, thank myself for not putting all my eggs in one basket and go about my business. 

[creditguy]

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@CreditCuriousity wrote:

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@Anonymous wrote:

I appreciate your praise for Amex.  Maybe you have a long good relationship with them. And I hope that it will continue.

But I have a slight suspicion that this partnership is unreliable and can end up with not your fault. What are you going to say when it happens?

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Spending some of my time to try to find out in the Terms and conditions of use to find your violation, but quite honestly having trouble find the verbage of what you did.  Although with that being said, the lender or any lender even if not mentioned in the t and C's have the right to cancel your card for any reason.  I am sure someone will dig up this information that I can't find.  Anyways, took this quote from another site about how Amex sees this and they watch it like a hawk.   Although some of this should be "common sense".  Why didn't you just do a Cash Advance?  Not saying this wouldn't of got your card cancelled either

"American Express is very hip to this game, by the way. Paypal purchases are always scrutinized by American Express. They’re scrutinized because it’s so easy to do what I’ve just described. Small purchases won’t likely gain anyone’s attention at American Express, but you can bet your bottom dollar that big purchases won’t go unnoticed.
American Express, once it has flagged your account, wants to know two things: one, are you essentially doing a cash advance or balance transfer? And, two, are you broke? Indeed, if you are doing these kinds of sham transactions, you’re likely strapped for cash. If you’re strapped for cash, and doing these kinds of deals, then you’re likely a high-risk customer to American Express. If you’re a high risk to American Express, it’s going to reduce your limit substantially or cancel your card altogether.
If you’re going to do these kinds of Paypal transactions, don’t use American Express to do it. They’re on top of the game when it comes to this stuff. Better still, just don’t do it at all. Indeed, this is not the credit environment in which to test the cards companies’ computer systems."

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Well said but I have a feeling this will not change Alex's mind about Amex. 

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

If AMEX had doubts about the lenders ability to pay they should ascertained the required data before they issued the card or cards. Suspending a clients account post issue because AMEX didn't do their job is poor business. It would be like going and buying a car driving off the lot and then the car lot repossessing your car the next day because they couldn't verify your address. Steps weren't taken on AMEX behalf and that is AMEX problem NOT the consumers.

Xace

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+1.

This is the way Comenity seems to have been doing business as well lately, issuing cards and then closing them down two or three weeks later.

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THis makes me think of a former friend that got a used mercedes with bad credit, then 2 week later the dealer is demanding they come back in to the dealiership to have a remote shut off thing installed in the event of late/non payment. What a joke that was!