American Express Underhanded Tactics
American Express Card - Complaint
SPARTANBURG, SOUTH CAROLINA -- My Mother had been an American express card holder since 1999. She passed away so I decided that instead of just letting the American express outsdanding bill go into escrow, I would ask American express to transfer the card and the balance into my name.
Of course since knowing that they cannot legally collect from someone deceased, they were happy to transfer the balance into my name. So I started using the card and paying the balance due each month and paying the payments on the pay over time balance.
ANever missing a payment and always paying on time, I received a letter from American express decreasing my credit limit until I paid the balance down to acceptable level. This was done by agreeing to pay a certain amount for a certain number of months.
At that time American express cancelled all my cards and charge privilidges but it was smart business because now I am liable for all that was on the card from my mothers balance.
But to me it is bad business and devious......Just saying but who would wnat to deal with this kind of company anyhow.