Good Bye AMEX

[lctachell]

Just canceled my AMEX account. Lowered my CL by 6500 dollars 5 minutes after using it.  MYfica scores took a dump, so they can go down the toilet too.  Paid off and canceled. Was it the wrong thing to do...dont care

[Anonymous]

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@lctachell wrote:

Just canceled my AMEX account. Lowered my CL by 6500 dollars 5 minutes after using it.  MYfica scores took a dump, so they can go down the toilet too.  Paid off and canceled. Was it the wrong thing to do...dont care

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How long did you have the card?  What was the UTI on your other cards like?  When you say your scores took a dump, what was the cause?

[Priory_Man]

Care to share a bit more info as to what transpired and why Amex lowered your CL?

[pinkandgrey]

Sorry to hear Amex wasn’t good to you! I love my BCE...

[RicHowe]

American Express is not as capricious as the OP suggests. For the AMEX fraud or risk algorithm to be triggered, the charge itself had to be suspect or beyond the normal spending patterns of behavior for the OP.

Unfortunately, there's not much to go on here.

[Anonymous]

I love how just about every other major issuer will see a suspicious charge and text or call you to find out if you made it but Amex will CLD and send you a notice and trash your credit in the process. 

People get credit cards so they have expanded purchasing power but that doesn’t mean they will always spend on the same level. I mean I might use a card for $20-$200 a month months on end and then turn around and slap a $2000 tech purchase on there - Amex would undoubtedly CLD me at that point while Capital One, NFCU, and Disco would ask if it was me and that’s it. 

It just makes no sense to me. 🤷‍♂️ 

[AverageJoesCredit]

From the tone of Op's post, and previous history, i wouldnt count on a return to this post. Details were left out most likely on purpose and seems just like a rant to get off chest. Thats fine. We will probably see alot of questions asked on why, how, etc but i wouldnt expect much. By the end of threads like this we would eventually see more telltale signs on the why. With no details to go on speculation will be pointless. I hope Op finds peace with decision and hopefully if they do come back to post more details to help future posters in similar situations, if there was such.

[Remedios]

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@Anonymous wrote:

I love how just about every other major issuer will see a suspicious charge and text or call you to find out if you made it but Amex will CLD and send you a notice and trash your credit in the process. 

People get credit cards so they have expanded purchasing power but that doesn’t mean they will always spend on the same level. I mean I might use a card for $20-$200 a month months on end and then turn around and slap a $2000 tech purchase on there - Amex would undoubtedly CLD me at that point while Capital One, NFCU, and Disco would ask if it was me and that’s it. 

It just makes no sense to me. 🤷‍♂️ 

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Well, the good news is you dont have Amex, so you need not worry about it

[NRB525]

Congrats on paying off your AMEX. 

[UncleB]

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@Anonymous wrote:

I love how just about every other major issuer will see a suspicious charge and text or call you to find out if you made it but Amex will CLD and send you a notice and trash your credit in the process. 

People get credit cards so they have expanded purchasing power but that doesn’t mean they will always spend on the same level. I mean I might use a card for $20-$200 a month months on end and then turn around and slap a $2000 tech purchase on there - Amex would undoubtedly CLD me at that point while Capital One, NFCU, and Disco would ask if it was me and that’s it. 

It just makes no sense to me. 🤷‍♂️ 

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Some months my Amex balance will be under $100, then other months I'll have a single swipe that's over $1k and they don't flinch.

FWIW I've found them to be quite solid... they are actually one of the cards I would use when I really want there to be no chances for drama. 

While there are always exceptions, whenever you hear of Amex acting squirrelly there's often a rational underlying reason.