American Express

[UNTflyer]

About 3 weeks ago, I received a letter from AMEX that they were placing a $1200 limit on my card, even though AMEX Green cards typically have no pre-set limit. This puzzled me as my credit is good, I was never late on my payement, and I keep my other cards at least 50% free.

Today, we find out AMEX is asking the feds for $3.5 billion of bailout money.

I feel better that it's not my credit that caused this imposed limit, but rather American Express' cash flow.

[meangreendork]

About 3 weeks ago, I received a letter from AMEX that they were placing a $1200 limit on my card, even though AMEX Green cards typically have no pre-set limit. This puzzled me as my credit is good, I was never late on my payement, and I keep my other cards at least 50% free.

Today, we find out AMEX is asking the feds for $3.5 billion of bailout money.

I feel better that it's not my credit that caused this imposed limit, but rather American Express' cash flow.

I didn't know they had anything tied up in the crisis. Well, at least you have a new reason to not up and buy a 46" plasma TV.

[UNTflyer]

"The future ain't what it used to be."

-Yogi Berra

[Guest JohnDenver]

About 3 weeks ago, I received a letter from AMEX that they were placing a $1200 limit on my card, even though AMEX Green cards typically have no pre-set limit. This puzzled me as my credit is good, I was never late on my payement, and I keep my other cards at least 50% free.

Today, we find out AMEX is asking the feds for $3.5 billion of bailout money.

I feel better that it's not my credit that caused this imposed limit, but rather American Express' cash flow.

I read an article that said they are setting based limits on people's spending patterns *and* credit score. If a person has good credit, but shops at places where others shoppers typically don't have good credit, they will lower your limit. Same for area of town, if you live in a community with poor credit ratings, you will get a lower limit despite your individual good credit. If they deem your shopping habits as risky, for whatever reason they see fit, they will set a limit.

[UNTflyer]

I read an article that said they are setting based limits on people's spending patterns *and* credit score. If a person has good credit, but shops at places where others shoppers typically don't have good credit, they will lower your limit. Same for area of town, if you live in a community with poor credit ratings, you will get a lower limit despite your individual good credit. If they deem your shopping habits as risky, for whatever reason they see fit, they will set a limit.

Interesting. They imposed the limit after we went on our honeymoon cruise, which was pretty much all charged to AMEX.

[UNTLifer]

Interesting. They imposed the limit after we went on our honeymoon cruise, which was pretty much all charged to AMEX.

There's the answer. You got married, wives spend money, Amex is protecting you. Good for Amex.