American Express Informative - A Let Down! - Reduced Credit Lines
Saturday morning I decided to check my online statement. When the page loaded, my mouth dropped. The only company that I had credit cards from had let me down. They decreased my lines of credit and put a hold on one of the accounts. I called an inquired and was told I had used my 2 accounts too much. I know I have, no big deal. I have never been late nor have I defaulted on any accounts.
This at first pissed me off but now I'm over it. I'll keep my gold card the only one I don't use often for now. I thought AMEX was a bit better than the others companies I've dealt with. But they are not. When I pay off these cards I will be done with them.
I would not be so angry if they had sent me a letter explaining what they were doing. But they didn't. So, don't believe the commercials. They are not what they seem.