time for amex to go (again)

[drboxing]

I had that 1 issue with Amex so I just stay below a certain amount. But with Synchrony for no reason they cancelled my accounts, Comenity they closed 2 that had no balances, my numbers run between 650’s

[drboxing]

No that was the only issue, haven’t had problems with Amex since

[pipeguy]

I gave up on AmEx years ago. I know these cards are loved on MF, but I no longer have any use for them other than a very small limit card with no AF from 1978 that I run a couple hundred through every year. 

[AverageJoesCredit]

Ok, I think redpat hig a very important question, again. The Again part might be important here if Op would clarify. Sorry to hear this OP, I'm sure you'll find alternatives with that kind of spend. But there has to be a reason for Amex concern

[CreditInspired]

Hi OP,

So sorry to hear that you just want to close an acct, which IMHO, basically has been good to you for 10 years.

I would prefer a credit card company’s call asking me to make a 50% payment rather than be somewhere making a purchase and it’s declined. It’s a phone call, albeit annoying, but you have to understand that AmX is taking a big risk approving humongous spends on their cards.

IMHO, since you do PIF every month, why not just start making 2 payments a month. Is closing the card really worth cutting off your nose to spite your face?

Like another MFer asked, do you have an alternate plan once you close this acct. And, it’s also possible another banker may take the same approach on big spends.

Now that being said, I definitely agree with others that something has spooked them.

I just got my AmX in April 2018 with a $15K CL. In that small period of time, in addition to other purchases, I have put 3 large purchases on the card—$1,100, $1,600, and $2,400–without a peep from AmX. I didn’t PIF because of $0 interest but I also made very large payments 2-3 times a month, which my UT with them at the present is 14%. This will be at 5% by the time I make my July payment and 0% in August.

So, all I’m saying is to look at it from AmX’s risk-side and don’t take it personally. Just make 2 payments a month, and viola, the mid-month calls will disappear.

GL2U on whatever you decide.

[19eighty5]

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@swpopham wrote:

Ive had a love hate relationship with amex since 2010, always paid on time, no bounced checks, no disputed charges. I have always ran 8-20k a month on the platinum card. PIF, over the last 6 months they have called every single month. Some person saying...

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Hopefully everything works out with the AMEX relationship.

[yapsalot]

Some of the Amex cards have no pre-set spending limit. But they all have limits, its whatever they want it to be. They know what the limit is but you don't. I'd rather have a preset limit. Then, if the card declines a charge within my limit then I would stop using that card because I would know it is unreliable. With the no-preset spending limit, you never know where you stand.

[UpperNwGuy]

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@redpat wrote:

Looks like again caught up to you.  What happened last time?

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The answer to this question may explain what happened this time.

[K-in-Boston]

I don't think OP is coming back.  I'm genuinely curious to find out the backstory here since glancing at OP's previous posts, he has a history of numerous very sudden and contentious endings with multiple lenders.

[Anonymous]

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@K-in-Boston wrote:

I don't think OP is coming back.  I'm genuinely curious to find out the backstory here since glancing at OP's previous posts, he has a history of numerous very sudden and contentious endings with multiple lenders.

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Just read through his posts.  Seems like he has problems wherever he goes.  Even saying he moved 7.5 million in business checking dollars to another Bank because Chase cut his limits on his personal cards.    I think he is leaving important information out.