kcarter609 wrote:I'll call today after work and get this nonsense expedited. I made sure to tell them more than once that I find it very insulting and a huge slap in the face to me and that AMEX is losing lots of business from people who feel the same way. I'll be sure to voice it to them again. I'll let everyone know.
As a side note, I believe messing with the check your spending ability button and MAILING IN payments with money orders instead of paying with online banking help trigger this. I mailed in a few money orders to pay when I got cash for birthday/christmas/etc.
I've read many times that playing with that button gets you noticed. And not in a favorable way. Personally I used it one time, when I first got each charge card, for a "reasonable" amount - it was "approved", and I never touched it again. Doing something like putting in 10k then 100k then a million, yeah, you might as well call them up and ask them to F/R you.
And they know people don't like it, and frankly I don't think they care as they have no doubt heard from many people who were frustrated at this, and haven't changed their policy. In the end they are looking to protect themselves. I can't blame them for that, but I'm not a fan of how they go about it - closing you down without notice and often from what I've read without a lot of reason to do it.
Just remember with these copmanies they are not your buddies this is a business not a personal relationship guys. I see too many people talk about "trust" and the great 'relationship" they've built with creditor XYZ, well ok if you think so, but to creditor XYZ you are simply a collection of numbers mainly how profitable you are as well as how much of a risk. That's pretty much it. Don't make it out to be more than it really is. And try not to take any of it personally.