PERFECT CREDIT - AMEX Cancelled???
Oct 5, 2018, 3:59 pm
#16
Moderator
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If you have not opened a new American Express card in a couple decades, it may well be that what American Express knows about your income is stale.
Last edited by mia; Oct 12, 2018 at 9:38 pm
Oct 5, 2018, 5:25 pm
#17
Join Date: Aug 2010
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And high spending millionaires rarely sign up to online chat boards to get answers when their credit cards get shut off "for no reason". They have people to handle things like that.
Oct 5, 2018, 5:26 pm
#18
FlyerTalk Evangelist
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why do u even care?
Last edited by mia; Oct 12, 2018 at 9:39 pm
Oct 5, 2018, 5:29 pm
#19
Join Date: Jun 2012
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Oct 5, 2018, 5:59 pm
#20
Join Date: Jan 2006
Location: Arizona
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I think you would be surprised who is actually on these boards although not everyone here publicizes who they are and what they do. The billionaire founder a little startup you might have heard of called WhatsApp is infarct a member of this board. If the ops username is who I think he is, then he is in fact the COO of $1 Billion plus utility. Anecdotally I had a similar situation with US Bank a few years back, where they decided to discontinue credit and banking relationships with not only myself but my entire family whom I also had banking with them. The situation escalated all the way up to our Regional VP relationship who still couldn't give us an explanation outside of our banking patterns didn't fit with their current customer profiles. We moved on and found another bank who was more than happy to accept our deposits.
Last edited by ECKOA6; Oct 5, 2018 at 10:55 pm Reason: spelling
Oct 5, 2018, 7:56 pm
#21
Join Date: Oct 2005
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It’s possible, as mia said, that OP’s income in the Amex system was stale. Getting lawyers involved is weird given their T&C give them the right to do pretty much whatever they want and force arbitration.
But yeah, I’d check my credit report. Maybe a mistake or fraud.
Oct 5, 2018, 8:59 pm
#22
Join Date: May 2000
Location: Houston, TX, USA
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I find it very hard to believe that stale income information would lead to a summary closure of all accounts. If for whatever reason Amex thought that spending patterns weren't consistent with income, they do a Financial Review. If the cardholder has never been late to Amex, and has no blemishes on their credit report, something else is going on here.
Oct 6, 2018, 6:24 am
#26
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Oct 6, 2018, 7:18 am
#27
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Oct 6, 2018, 8:40 am
#29
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Join Date: Oct 2018
Posts: 8
So I went into my AMEX account and it states my card after 25 years is cancelled and I have 335,922 points. When I used their site to check my credit it indicated I have a 765 credit score, zero late payments, using 1% of my available credit and $128,129 available credit. It did not allow me to upgrade to a Platinum or Gold card but did give me a $25,000 limit on a new AMEX cash card. I'm at a lost what the heck this corporate giant is doing to us. Is data analytics and desentizing loyal consumers taking over our economy?
