American Express is only interested in stealing your money. I have been a very good customer for many years. Suddenly, without reason, they have reduced my credit limit every time I make a big payment to pay down my balance. I admit, it was a high balance several years ago, but I had just bought a house. I have one of the revolving balance accounts.
I have been steadily paying it down, and everytime I make a big payment, they drop my credit. To make it worse, the letter they send with the explaination lies about the reasons why. They say my credit report says things about me that it doesn't. I have pulled it up every time I get one of those letters, and the reasons they say don't exist. I have faxed them repeated copies of my credit report to tell them they are incorrect, and they don't even look at them. They just mail me back and say they "cannot" change their minds. They really should say they "will not."
As soon as I can pay this off, I'm going to close it for good. No one should ever get a credit card from American Express. They just want to rip you off.
0 comments