American Express Complaint - Lowered Credit Limit, Then Canceled The Card
DETROIT, MICHIGAN -- I had been a member of Amex since 2002 with a Green card. Never late on a payment, and paid my balance every month. I got a letter last year stating that they were setting a spending limit for my card, which everyone knows the green card doesn't have a spending limit. Then I get a letter dated 2-4-09 stating that my account has been canceled due to my FICO score on Experian, and too high credit limits on other non-amex cards. I was really hurt by this, because I always pay my bills.
What a rip off, and this is really going to lower my score.