Beware this latest credit card antic!

iVillage Member
Registered: 12-29-2008
Beware this latest credit card antic!
26
Tue, 03-17-2009 - 10:35am

http://finance.yahoo.com/banking-budgeting/article/106716/How-to-Blow-Your-Credit-Limit-Without-Spending


I just can't imagine receiving notice that my credit line will be slashed below my outstanding balance, thus throwing me into the over-limit pool!

iVillage Member
Registered: 01-25-2009
Wed, 03-18-2009 - 7:08pm
Yes, I have had my fun with AMEX on a few things before.
iVillage Member
Registered: 12-29-2008
Wed, 03-18-2009 - 7:20pm

Wow...thanks for sharing your AMEX horror story!

iVillage Member
Registered: 12-29-2008
Wed, 03-18-2009 - 8:16pm

Clobberthedebt...thanks for the post re: American Express' "chasing the debt"

iVillage Member
Registered: 02-27-2009
Wed, 03-18-2009 - 11:05pm

Yes! And if you go to the myfico boards (where I hang out to learn about getting my fico fixed) if you search "amex" on the credit boards there are 100s of people on their who have been chased. It doesn't feel good to pay off something at the same time getting dinged on the credit! I thought it was supposed to be the other way around; don't pay and get dinged.

I also read (on consumerist.com) about a woman who was owed a $500 Sam's club certificate from Amex. Amex closed her acct a few weeks before it was due to her and forfeited the reward. Shameful.

Thanks for the link.

iVillage Member
Registered: 12-29-2008
Wed, 03-18-2009 - 11:51pm

And thank you for sharing your nightmarish experience.

iVillage Member
Registered: 03-17-2003
Thu, 03-19-2009 - 9:38am
Whoever has the gold makes the rules.

~The New Golden Rule

iVillage Member
Registered: 08-04-2008
Thu, 03-19-2009 - 11:10am
Hello!



iVillage Member
Registered: 01-25-2009
Thu, 03-19-2009 - 11:28am

Ummm, but not when you are overseas ...

iVillage Member
Registered: 12-29-2008
Thu, 03-19-2009 - 2:49pm

Oh yes, Carolyn.

iVillage Member
Registered: 03-17-2003
Thu, 03-19-2009 - 3:17pm
You make some very good points mckeekitty.