American Express
Credit Limit Lowered to Balance Despite Perfect Payment History

Business & Finance

I have been a loyal customer of AMEX for about 6 years now. I have never made a late payment and always paid several hundred dollars above the minimum payment due. A few months ago I was informed that they were lowering my credit limit to the balance due to too much extended credit which is bull. I have a credit rating of 850, a single mortgage, and only one other low limit credit card. Today I paid the balance and asked to have my account closed. All AMEX had to say was OK. They did not care enough to ask why I was closing my account.


Company: American Express
Country: USA
State: Arizona
SUBMIT A COMPLAINT
  <     >  

RELATED COMPLAINTS

American Express Amex
Credit limit lowered repeatedly despite on-time payments

American Express
Delta Gold Card Limit Cut Then Closed Over Delinquencies

American Express
Credit Limit Slashed From $24,000 to $8,000 With No Late Payments

American Express
Credit Limit Lowered From 3000 To 2600 Without Explanation

American Express
Credit Limit Cut in Half Without Notice and Rate Raised to 28%

American Express
Spending Limit Decreased Without Warning Despite No Preset Limit

American Express Company
Credit line reduced by $15,000 and account frozen without notice

American Express
Credit Limits on All Three Cards Cut and Other Lenders Followed

AT&T Universal, Citigroup, Citibank
Lowered CC limit from $16,000 to balance owed, approx $5,400 without notification. Then charged $100's in overlimit fees

SUBMIT A COMPLAINT