American Express
Limit Cut From $17,500 to $5,000 and Rate Raised to 27.24%

In December AX lowered my limit from $17,500.00 to $5,000.00 without notifying me before taking that action. They also raised the interest rate to 27.24%!!! This is robbery. I've had a credit line with them since 1982, and this is no way to treat such a long time, good paying customer. This card will be canceled and I recommend everyone else do the same. Many businesses don't even take AX because the company charges them too much for transaction fees. I will tell everyone I know what they've done, and I encourage a boycott of American Express!

Company: American Express
Country: USA

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