American Express cut down my credit limit

By: Ari K

I have been with AX since 1997 never missed a payment but yet they have lowered my line of credit twice in the last 6 months. This has affected my FICO score. The Glory and the service AX once had is gone. It has become the worst credit card company. They don't give a crap for their customers. After speaking with them three times there was nothing they could do. I'm sure they will lose a lot of people don'nt be surprised if they will go under before the end of 2009. They are number one company in defaults. They have also received 5Billion in Government Aid (tax dollars) so go figure. Bottom line, I will NEVER use them again.