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Do American Express Cards really have no pre set limits (credit lines)?

Do American Express Cards really have no pre set limits? The idea that you can buy based on how much you spend sounds good, yet it my previous blog posts, I had all my limits reduced and my spending did not decrease until after they hammered me.  I don’t think it was an isolated incident, [...]

The new credit card rules start today 2.22.2010

Last year, Congress enacted new laws to protect consumers from abuse by the credit card companies.  Today, those new rules go into effect and you may have seen changes on your Visa, MasterCard, American express, and Discover statements.  The credit card companies and their attorneys are busy finding loopholes to get around the new changes [...]

Credit card companies take action to protect profits

So we have new laws to combat credit card company abuses.   However, the credit card attorneys have already found the loopholes to make sure the credit card companies can make up the money in other ways.   The credit card companies Visa, Mastercard, American Express, and Discover have have plenty of time to make [...]

American Express Recent Experiences on Credit Card Limit Reductions

I don’t have any new American Express credit card blog posts but I still get many comments on the old posts.  Unfortunately, many of those comments are buried because the posts are so old.
It’s funny that based on the comments and frequency of its post, you can actually tell what American Express is doing to [...]