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Old Sep 29, 2009, 10:28 am
  #11  
hnewman
 
Join Date: Aug 2003
Location: Mesilla, NM
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Originally Posted by mike101
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.. unlike Visa that a far as I know will never do that.

http://www.eddieoneverything.com/fin...g-customer.php
http://forums.dealnews.com/read.php?6,2810411
http://www.my3cents.com/showReview.cgi?id=22215
100% correct on all points. I got into AMEX over 25+ years ago and they just do not bug me any more. I missed 1 payment back in the 80x (my bad) as I zoned on a date. Back in the late 90s I had to charge 4 WBC tickets on my account at $8K each and they bumped my credit up that day. The world has changed but thankfully AMEX treats me the same as before. I am likely the exception.
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