I opened an American Express account six weeks ago. Yesterday I attempted to use my card and the charge was declined. I telephoned American Express and was informed that my account was cancelled after a review of my credit - the same credit that was reviewed when the account was opened. I contacted Equifax and obtained a copy of my report via their online service today. Nothing has changed on my report, except it is two months older. American Express cancelled the card without notice or warning.
I want to sue for their acts. Anyone interested in a class action suit? I suggested everyone cancel thier card. If enough consumers cancel their accounts it will cripple them.
If we don't stand up these companies will continue to rip us off - after getting unknown amounts to help them survive. I want to hurt them where it counts. Please cancel your card.
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