OR is this something else very different say regarding 2nd Amendment and guns/ammo purchases perhaps?? My current statement shows my $20,000.00 credit limit. I made my normal monthly payment as I do (have small balance on card). And Saturday afternoon I did in fact try to use this card to purchase a hunting firearm (shotgun), and quickly was stopped, saying transaction declined & cannot be processed! Didn't think anything of it till Yesterday morning and used another CC to make that purchase.
My own story this Sunday morning is when I opened my e-mail, I had letter from AMEX in their stating, a Notice of Credit Limit Reduction !! I thought it was a scam letter, called AMEX, and told by an agent, due to an internal revue of all accounts with AMEX, that my long standing $20,000.00 credit limit has now been reduced to $5,000.00 !!! They are my oldest established credit card account (tied to Amazon even), going back to 1986 (35 years !). Now not due to anything wrong in my financial practices or account abuses of any kind, they are reducing the credit limit out of nowhere by 75% on an excellent creditworthy customer as I am ??... I have NEVER had a any standing balance on that card over $4,000.00 at any one time either so far below the normal 40% threshhold you want to keep to maintain credit score on monthly basis...
I would like to hear of others out there, small businesses especially, who may be seeing this like we are here. I have the AMEX Business/Amazon type card these days FYI...
Recent AXP News
- American Express Declares Regular Quarterly Dividend • Business Wire • 09/24/2024 06:03:00 PM
- American Express Plans Live Audio Webcast of Third Quarter 2024 Earnings Conference Call • Business Wire • 09/17/2024 08:55:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/16/2024 04:01:20 PM
- American Express and Knot Team Up to Simplify Adding Card-on-File Payment Information • Business Wire • 09/05/2024 01:00:00 PM
- Schwab and Snowflake Retreat in Premarket, WeRide Postpones IPO, Halliburton Cyberattack, McDonald’s Instagram Hack • IH Market News • 08/22/2024 09:37:42 AM
- Berkshire Reduces Stake in BofA, Hawaiian Airlines Soars 10%, Paramount Receives $4.3B Offer, and More • IH Market News • 08/20/2024 09:56:02 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 04:02:35 PM
- American Express Announces Plans to Open a New, Nearly 16,000 Square Foot Centurion® Lounge at Salt Lake City International Airport in 2025 • Business Wire • 08/14/2024 01:00:00 PM
- American Express Executives to Participate in Upcoming Investor Conferences • Business Wire • 08/09/2024 04:15:00 PM
- Form 13F-HR - Quarterly report filed by institutional managers, Holdings • Edgar (US Regulatory) • 07/29/2024 01:10:09 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 07/26/2024 07:02:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/26/2024 05:31:07 PM
- American Express® Updates U.S. Consumer Gold Card with New Benefits and Limited-Edition White Gold Card Design • Business Wire • 07/25/2024 12:00:00 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 07/23/2024 09:19:27 PM
- Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses • Edgar (US Regulatory) • 07/22/2024 09:05:49 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/19/2024 05:18:53 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/19/2024 11:03:29 AM
- American Express Raises Full-Year Earnings Per Share Guidance • Business Wire • 07/19/2024 11:00:00 AM
- U.S. Futures Slide Amid Netflix Results, Microsoft and CrowdStrike Outages, Oil Prices Head for Second Week of Losses • IH Market News • 07/19/2024 10:02:52 AM
- American Express to Open 29th Centurion Lounge at Ronald Reagan Washington National Airport • Business Wire • 07/16/2024 04:00:00 PM
- Stocks Close On Firm Note; Dow, S&P Hit Fresh Closing Highs • IH Market News • 07/15/2024 08:44:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/15/2024 04:00:23 PM
- American Express Declares Dividend on Series D Preferred Stock • Business Wire • 07/08/2024 09:47:00 PM
- UPS Divests Coyote Logistics in $1.025 Billion Deal with RXO, Under Armour Agrees to $434 million Settlement, and More News • IH Market News • 06/24/2024 11:00:20 AM
- Squarespace Agrees to Sell Tock Platform to American Express for $400 Million • PR Newswire (US) • 06/21/2024 01:02:00 PM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM