Originally Posted by
hnewman
I actually like AMEX. They have been good to me and defended me against slimy merchants and Visa would not.
Amex isn't all that bad. There are some perks to being an Amex card holder. But IMO there are also many other nightmares. One of them of course is using it, given that tons of merchants don't accept the card (due to insane fees), another nightmare is how they are infamous for just slashing customer credit limits with little or no notice whatsoever, and how they have the nerve to ask numerous customers to provide W2's, Bank Statements, or risk having their CC's closed etc etc..
http://www.eddieoneverything.com/fin...g-customer.php
http://forums.dealnews.com/read.php?6,2810411
http://www.my3cents.com/showReview.cgi?id=22215