yes, i did have a bad experience with amex. i had 3 charge accts with them that had the revolving option. i always pd more than the minimum BUT received a letter after years of having this service saying to pay my balance at once and that i was no longer offered that option.
i couldnt pay all balances in 1 month, so the accts were "paid acct, was a charge-off" closed by consumer.
i learned a valuable lesson. (btw i had perfect history and had never been late before this)
Like many posts here, I am sure there is more to this story. Usually "charge-offs" are not closed by the consumer for one thing.
It is quite possible that they wanted to change your arrangement because of credit issues elsewhere on your report. If this was the case and you used a lot of "drama" they may have pushed you to pay up immediately. Being on this site means we have all most likely had issues with credit and my feeling, there is almost always some action that we could, or could not have taken that leads to our circumstances. The important thing is to learn from those circumstances and as with all things in life, never say never, or you may spend your life in a corner.
Good luck,
RP
