Beware this latest credit card antic!
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Beware this latest credit card antic!
| Tue, 03-17-2009 - 10:35am |
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!

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Wow...thanks for sharing your AMEX horror story!
Clobberthedebt...thanks for the post re: American Express' "chasing the debt"
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.
And thank you for sharing your nightmarish experience.
Ummm, but not when you are overseas ...
Oh yes, Carolyn.
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