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Thread: Grace period to cancel/opt out of AMEX renewal fee?
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Old Feb 20, 2009 | 12:02 am
  #8  
usavvy2
15 Years on Site
 
Join Date: Aug 2005
Programs: Delta Gold, Priority Club Gold, Hilton & Marriott Silver
Posts: 292
Cool $400+ is enough to make me want to get rid of it
Originally Posted by Kumaranyc
Why would any one want to cancel their AMEX card? They have been reducing credit limits as if the sky is falling - they are targeting people who shop in certain areas, some of us can't even buy delta tickets on our Delta AMEX cards because the credit limits have been drastically reduced that we won't even be able reach the awards thresh hold!

Here is an interesting video about an AMEX customer named Kevin D. Johnson:
http://www.youtube.com/watch?v=EhBmVaz8ttY

Kevin Johnson got so upset that he set up a website to find out what exactly is AMEX doing:
http://www.newcreditrules.com/

I had the Platinum AMEX (not DL AMEX) as part of a loyalty program (gratis); however, the loyalty program hasn't renewed their partnership with AMEX so it will cost me $400 or $450 (I forget which) to renew! The main thing I use it for is access to CRC; however, since I've pulled back on my travel this year, why should I pay $400 for the privilege to have this card?! (Of course, if they beg me to stay and give me a reduced annual fee... I might just consider hanging on to it!)
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