Posts Tagged ‘Financial Crisis’
Normally, I don’t go off on a rant on my blog, but I really don’t think that I can leave this one alone…
I just got off the phone with a Manager at American Express (who refused to give me her name, but I have her employee ID Number) because I just got some absolutely ridiculous news.
American Express just cut the available credit limits on one of my credit cards by 95%. I’ve had this card for 23 years, without missing a payment and for most of the past 23 years, have paid the card in full each month.
About a year ago, I took a AMEX Blue for Business Card Offer from them for one of my businesses. They offered me a card with a $40,000 limit and 0% for the first 6 months, so I took it. Then in the past 90 days, they arbitrarily cut the credit limit to $100 over my balance, and then this week, cut it again because I paid down the balance.
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