@MT64 wrote:If true, that would just be absurd on AMEX part and since that's not even the issue as you said the OP is carrying a 0 balance. If they're as data driven as you say they are then I would bet that's all it is, part of their algorithim and nothing to actually be alarmed about. Honestly, it's not war against the consumer and credit doesn't just disappear because you reach a mere half of available credit to you unless there's something else driving it in a negative factor else where but spending or utilizing it sn't it.
However, if that was indeed the case (I do not believe it to be), I sure wouldn't be keeping AMEX or any card that treats you that way.
Lol you underestimate their number crunching. They're not just looking at your spend and pay patterns, they have algorithms that can predict risk of default based on your patterns. That's the real concern here. It's like Minority Report, but credit. The moment a flag is raised they slash limits, put a hard cap on NPSL, block new cards and CLI, and demand tax forms. I'm honestly surprised they don't have their own credit score to compete with Fico. I've seen Amex take AA long before someone was actually in trouble.
@Brian_Earl_Spilner wrote:Lol you underestimate their number crunching. They're not just looking at your spend and pay patterns, they have algorithms that can predict risk of default based on your patterns. That's the real concern here. It's like Minority Report, but credit. The moment a flag is raised they slash limits, put a hard cap on NPSL, block new cards and CLI, and demand tax forms. I'm honestly surprised they don't have their own credit score to compete with Fico. I've seen Amex take AA long before someone was actually in trouble.
It makes sense... but I've heard nothing else about it and it's been almost a month.
After opening account the first 5 months I spent $2-3k per month and PIF.
Month 6 I went on vacation and spent $5800... statement cut and before payment I got the message when I hit $6k or 60% of my limit - PIF
Month 7 statement was $2k... PIF.
I didn't actually notify them I was on vacation but I'm sure they could figure it out pretty easily.
At any rate... if I weren't PIF every month I'd probably be looking at a different scenario. They won't give me a CLI because I still have baddies showing for 6-12 more months but otherwise I think I've been the exact customer AmEx wants... use the card and PIF.
