Originally Posted by writetorich
scary new trend in CC industry.
long time cardholders who "thought" they were "exellent" customers are finding their acounts unilaterally cancelled!
The banks want it to be a profitable experience for THEM , not for YOU.
You have any evidence for this assertion (that they cancel accounts solely because you PIF every month)?
There certainly have been reports of people having issues when having extremely high balances/utilization rates, and Amex is notorious for doing financial reviews. But these cases are more about managing default risk than merely trying to squeeze more money out of their customers.