Comments on: American Express – Fuck You!

By: Johnny Walker

Johnny Walker — Mon, 31 Aug 2009 13:42:25 +0000

The mofos known as AMEX cancelled my Gold Rewards Plus card without warning today! I just happened to check my account online and there it was in red letters: “Your Account Has Been Canceled”. F*c* this POS company! I could have gone to a business luncheon or to a store to buy something and been put in an embarrassing situation since AMEX didn’t bother to tell me jack sh*t! I was a member since 2004, had one payment late in 2006 but that was it. AMEX sucks ass, and I am more than happy to know that they are going down the tubes fast. F*c* you very much AMEX!

By: Ex Amex Employee

Ex Amex Employee — Sun, 07 Jun 2009 05:00:22 +0000

Well, I can only say that since Ken took over as the main man, this company has gone to hell quickly. I was employed with Amex for 14 years in their technologies departments. When I first got hired, Amex was a great place to work. They cared about their employees, viewed them as an asset, and loved their reputation of higher customer service. They valued their customers and went out of their way to do the right thing.

Enter the new CEO, Ken C. The second he took over, you could feel the change. He viewed employees as liabilities and did everything he could to fire them and replace them with low priced consultants from the middle east. The only thing they cared about was how Wall St. valued them and for the last 6 years or so, this policy has guided Ken C’s ridiculous decision making. They have done nothing but screwed their employees and their card holders. Regardless of how long you’ve had their card… they could care less. The second you started making minimum payments or started shopping at thrift type stores, they have shut you down to save face with shareholders and Wall St. analysts. They have continued to scale back every single employee benefit, except for their own fat bonuses, in the name of a slow economy. Even when they made over 6 billion dollars in 2008, they have laid off over 11,000 people. I would so love to see cardholders revolt, close their accounts, and tell them to shove it…

By: Credit is a Scam | Beer Monies - Making Money Online To Pay Bar Tabs Since 08'

Fri, 01 May 2009 16:01:46 +0000

[...] That same year I worked full time and started with affiliate marketing. I did rather well for my self and I paid off all of my credit cards, and half of my student loans. I had just had enough with all the bullshit and wanted to be free of credit cards all together. After I paid off each card I called and canceled them. I did this to 8 credit cards that were my life line for books and tuition in college. I kept 2 $0 balance cards as ‘emergency’ one was at my old bank, the other my American Express. [...]

By: Die AMEX

Die AMEX — Thu, 30 Apr 2009 23:55:17 +0000

So I have an AMex with a 20K limit and one with a 60K limit. Both in perfect standing for about 12 years. The one with 20K has a balance of about 12K on it. One day that ones limit gets put right at 12K, making it look like its maxed out. So I make a 5K payment. Guess what they do? They lower it again so its maxed out. So I pay off that card, cancel it and guess what. They are now doing the exact same thing on my other one. Then someone one the phone tells me, well you keep are our cards at maximun use so thats why we are lowering your credit. NO, your a liar, you work for a company thats lies and oh yeah. FUCK YOU AMERICAN EXPREES. 2 words, Sell Short.

By: riversider

riversider — Wed, 29 Apr 2009 19:14:44 +0000

Double fuck American Express! My company had a line of credit since 1993. We charge about $150,000 a month and ALWAYS pay it off. We have never made a late payment in the history of having our card. American Express just cut our line of credit on the card from $315,000 to $20,000! We use the damn card for convenience and cash flow. But fuck ‘em. We don’t need ‘em. But how many businesses have they crippled or forced to close with these policies? But a bigger question? If they throw us out, with our purchase and payment record, how will they make any money? American Express can kiss my ENTIRE ass!

By: Eric

Eric — Thu, 02 Apr 2009 20:50:44 +0000

I have been an American Express card holder since the year 2000 and I have worked extremely hard to build the credit that I had. I currently have three credit card accounts with American Express.

On my BLUE credit card between 10/17/08 and 11/18/08 statements my credit line was reduced from $48,000 to $40,000 (17%, within $750 of my balance). During the same time period they imposed a $1,700 credit limit on my ONE credit card which always had been unlimited. I had charged and paid each month more than $2,000 consistently for years on that card and now I had to scramble to move automatic payments, I had several charges declined after the limit was set and was left with egg on my face.

After calling customer service several times they said this was due to a credit review and there was nothing that could be done about it. On 4/2/09 I was notified that my BLUE credit line was reduced from $40,000 to $9,600 (76%, within $200 of my balance). After calling customer service and speaking with a manager they said this was due to a high debt/credit ratio and there was nothing that could be done about it. I have never made a late payment and I typically pay much higher than the minimum payment.

At a minimum this is horrible customer service and at a maximum they have severely impacted my credit rating by increasing my debt/credit ratio. My debt/credit ratio has not changed dramatically in over a year and my credit score is over 700, what they are doing is completely arbitrary. I would not be surprised if they lower my limit again in the near future as they are now creating a self-fulfilled prophecy by manipulating my credit.

From the research I have done there are hundreds if not thousands of customers being affected in the same way and I am looking for a class action lawsuit to join if this can not be resolved immediately. I am so unhappy that I want to immediately cancel all of my credit accounts with American Express, the only reason I have not is it will hurt my credit scores even more. Please help!

By: BeckyMarie

BeckyMarie — Wed, 18 Feb 2009 01:05:46 +0000

My AMX limit was lowered for me too : ( BOOOOO

By: ppc.bz

ppc.bz — Tue, 17 Feb 2009 19:23:43 +0000

i need to leave another comment so i can get on that top commentors list playyyyyya

By: Michael Grabowski

Michael Grabowski — Mon, 16 Feb 2009 03:37:12 +0000

I’m thinking Hustler might have a point there. Did you change your structure recently (how much you pay yourself out of the firm: salary vs. dividend income)? is the card in your name of your company’s name?

anyway, i’m sure you’ll find a solution. In case you don’t; CJ has a VISA black offer I could give you an aff link for = )

By: Ad Hustler

Ad Hustler — Sun, 15 Feb 2009 20:37:32 +0000

I have high credit limits and have not had the limit decreased on any of my cards/accounts.

I wonder if the decreases have anything to do with the income you declare?