New Amex + Coins = Financial Review!
I wanted to warn people putting coin purchases on Amex cards.
I just got swept up in their FR. Guess what, they have decided that they will close all my cards down because of "risky" behavior due to US MINT coin purchases. Note, I have not gone over the limit in a billing cycle like some do to recycle credit limits. I have a solid payment record with Amex (and with every other creditor, not one late payment and payment in full everytime). I charge everything to Amex, been with them for 10 years. My gross (and my wife's) is in the upper 5% of this country.
But to no avail. I pleaded with them that my wife is in India and she will be stranded without a functioning card, but no go. I offered to fax our pay stubs, etc., but no go. To add insult to injury, they closed my wife's cards and my mother's as well (same billing address).
I take pride in managing my finances properly and being called "financially irresponsible/risky" was a real kick in the guts.
I asked them to reduce my credit lines, deny any other charges from US Mint, but they are not willing to see reason.
I am not looking for sympathy (and I don't want to justify who is right and who is wrong), but a warning to others to cover their bases. Best of luck to the Amex Coin Churners.
Last edited by smcgrath12; Aug 28, 2009 at 3:02 pm
Reason: Change the title