Every day computer user, an moderate investor, an aggressive saver
I have been with A/X for over 10 years. I have never been late on a payment and have not had any changes in my credit history or job in recent years. I never carry debt with them to next month. Always pay the balance in full every month.
I recieved a letter from A/X stating that they have dropped my limit from $12k to $500!
Fortunately for me I could care less, since I only used american express in coscto. But I can see how this could really dampen someone's mood.
I know times are tough and the credit crunch is on. But this type of credit yanking is an insult. If American express thinks this will...
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