American Express
Credit Limit Cut in Half After Paying Down Card

I have 2 credit cards with Amex, a Costco revolving credit card and a Gold Card. In the past week I paid 1200 on the Costco card and today when I look in my email and find an alert telling my credit limit has been cut in half. When I called to ask why, I was told that I had too many outstanding charge cards. I just recently paid off all my charge cards and asked in the past 10 years that I had this card did I ever miss a payment or make a late payment I was told no and we understand your being upset. If this is the way American Express treats its good paying on time customers then I do not want to be one...

Company: American Express
Country: USA

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