I got a call on my cell phone this morning as I was entering the elevator to go to work. An automated voice informed me that American Express has made changes to my card and I needed to call a number to find out what those changes were. So they basically called me to tell me to call them? They couldn't just tell me what the damn change was? Since I was in an elevator and nowhere near a pen, I didn't get to write down the number.
Fastforward to this afternoon when I get an email from them explaining the change. They lowered my credit limit. Lowered is generous. They cut my credit limit in half. Which means I'm almost at my credit limit. Which means I can't used my credit card.
Dude. I'd understand if I was missing payments, or late with payments. I'd understand if I had a high outstanding balance for a lengthy period of time. I'd understand if my credit was shitty.
Not the case. I had a high balance back in September, then I got a "student loan" and paid it off. Been consistently paying off my balance until recently. Since I found out I'd be employed again, I got generous with my use of the card, because I know that I will be able to fully pay off my balance in a few months.This should not matter to the credit card company since they are charging a nifty amount of interest on my balance.
Anyway. I'm done with American Express. I am paying off this balance as quickly as possible then canceling the card. They will never again earn interest from me. Take that you assholes. Looks like my other cards will be benefiting from this change. Visa, you're welcome.