schamalert's Profile

schamalertAustin, TX

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Member since: October 2008
Lifetime Points: 2,215
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Reviews: 1
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schamalert's Reviews

American Express - Costco Credit Card

American Express has zero customer loyalty

Every day computer user, an moderate investor, an aggressive saver

OCT

2008

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... read full review »