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AXP Cutting customer credit line ? Good or Bad      7-Nov-09 01:24 am    
I have always pays my credit card on time, paying off the full amount.

Was in Hong Kong for business/vacation 3 months ago, so ended just paying minimum payments for that month, as I am having problem trying to access my banks while being away from home.

Amex then cut my credit line from 56K to 16K, then acted up on me, as if my business is no longer welcomed.

Really pissed. I will move my businesses else where. Use another card, big deal.

Any other people experienced the same situation ?

I review the analyst forecast for AXP 2010 earnings, and it is suppose to double what they make this year ?

How it can double it's earning ? If it has been cutting customer line of credit like crazy, pissing off all many of it's customers, what miracle will to help AXP double their earnings next year ?

I wonder how did those analysts got their numbers from.

Looking to short this POS......

Do you have something to share ?
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nelson_lai1...

33/Male
New York


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AXP Cutting customer credit line ? Good or Bad
nelson_lai1... Not rated 7-Nov-09 01:24 am  
 
I guess you people would like amex to keep things ...
paulvaliant... Rate it 7-Nov-09 01:59 pm  
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American Express Company (AXP)

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