American Express – Fuck You!Thursday, February 12, 2009 11:40
Back in September when American Express went ape nuts with the rest of the economy I had a 2.5k limit card from my college days that had a 0 balance on it. My personal limit was lowered to $500 from 2.5k but I didn’t really care because it was a dead/emergency card. Who cares right?
Well yesterday I decided that amex points suck ass and that I would rather have a starwood card instead of my gold card. So I can get hotel points. For refrence 1,000 amex points is equal to 333 star wood points. So $1k for 333 points. If I had a starwood card $1k equals 1k points! Way better.
So I fill out their online application and the tell me I was declined because a card had its limit lowered. I ran into this before when I tried to get a new card for a new company but shit its been months since then. Rather pissed off at this point because after that card was lowered I called them and canceled it. What’s the use of an emergency card that only has $500 on it.. Anyway I really wanted a starwood because I want to go to paris next month. So I call them up and ask what’s going on today. My gold card is in perfect standing and is paid off 3-4 times a month since it has a low limit. There should be no problem right?
Turns out that once you have a card limit lowered with amex you can not be approved for a new card for a YEAR. Thats right. No matter what your standing is with them nor your credit score they will not issue you a line of credit for any amount for a year after you have a card limit lowered by any amount. It could be dropped by $50 and your fucked for the year.
I have yet to talk to a single person who has NOT had their limit lowered this year. The credit crunch fucked over everyone I knows credit limit with american express. I wonder if they know that they can’t get a new card for a year. We have all just been ass fucked by american express and their system. Enjoy. oh yeah fuck you american express.