Comments on: American Express and the Bare-Knuckle Tactics of Card Issuers http://washingtonindependent.com/41030/american-express-and-the-bare-knuckle-tactics-of-card-issuers National News in Context Wed, 25 Nov 2009 11:06:13 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: jcreaturetravel http://washingtonindependent.com/41030/american-express-and-the-bare-knuckle-tactics-of-card-issuers/comment-page-1#comment-40957 jcreaturetravel Sat, 04 Jul 2009 23:07:11 +0000 http://washingtonindependent.com/?p=41030#comment-40957 I'm very suspicious why there hasn't been greater media attention to this matter, especially given that American Express received $3.3 billion from the Treasure Department recently to become a bank holding company. I've spoken to dozens of Platinum Card members who find that despite 20+ years of paying on time or early, they now have a credit limit that is so low it makes the card almost useless. <br><br><br>In fact, I'm at a restaurant now where the francise owner found out I was emailing you and she told me her story: she spent $30,000 on her card and now finds she has a $5,000 credit limit, for no reason.<br><br>I'm sure you are also aware that the NY Times did a story in January regarding how AmEx started penalizing customers who frequented certain merchants. In other words, they were profiling their card members.<br><br><a href="http://www.nytimes.com/2009/01/31/your-money/credit-and-debit-cards/31money.html?_r=1&scp=1&sq=american%2520express%2520credit%2520limit&st=cse" rel="nofollow">http://www.nytimes.com/2009/01/31/your-money/cr...</a><br><br>The Wall Street Journal wrote a small piece how AmEx paid card members $300 to pay up their balance and cancel their card:<br><br><a href="http://online.wsj.com/article/SB123542259989852121.html" rel="nofollow">http://online.wsj.com/article/SB123542259989852...</a><br><br>I'm hoping there is more mass media attention on this matter because it seems to go beyond simply trimming the ranks of their card members.<br><br><br>Jeanine<br><a href="http://www.jthetravelauthority.com" rel="nofollow">www.jthetravelauthority.com</a><br>twitter: @jcreaturetravel I'm very suspicious why there hasn't been greater media attention to this matter, especially given that American Express received $3.3 billion from the Treasure Department recently to become a bank holding company. I've spoken to dozens of Platinum Card members who find that despite 20+ years of paying on time or early, they now have a credit limit that is so low it makes the card almost useless.

In fact, I'm at a restaurant now where the francise owner found out I was emailing you and she told me her story: she spent $30,000 on her card and now finds she has a $5,000 credit limit, for no reason.

I'm sure you are also aware that the NY Times did a story in January regarding how AmEx started penalizing customers who frequented certain merchants. In other words, they were profiling their card members.

http://www.nytimes.com/2009/01/31/your-money/cr...

The Wall Street Journal wrote a small piece how AmEx paid card members $300 to pay up their balance and cancel their card:

http://online.wsj.com/article/SB123542259989852...

I'm hoping there is more mass media attention on this matter because it seems to go beyond simply trimming the ranks of their card members.

Jeanine
http://www.jthetravelauthority.com
twitter: @jcreaturetravel

]]> By: chris http://washingtonindependent.com/41030/american-express-and-the-bare-knuckle-tactics-of-card-issuers/comment-page-1#comment-34439 chris Fri, 01 May 2009 21:21:44 +0000 http://washingtonindependent.com/?p=41030#comment-34439 like i said they are a GARBAGE corporation, why people want to have their card i do not know? i worked at their data center in AZ a number of years ago, the place was 50% H-1B visa then? they are a TARP recieving welfare corporation running with CHEAP us government sell out labor. i remember when they thought they were worth 1.5% more merchant fee then visa or master. they are a PHONY psuedo elite JOKE ! like i said they are a GARBAGE corporation, why people want to have their card i do not know? i worked at their data center in AZ a number of years ago, the place was 50% H-1B visa then? they are a TARP recieving welfare corporation running with CHEAP us government sell out labor. i remember when they thought they were worth 1.5% more merchant fee then visa or master. they are a PHONY psuedo elite JOKE !

]]> By: chris http://washingtonindependent.com/41030/american-express-and-the-bare-knuckle-tactics-of-card-issuers/comment-page-1#comment-29343 chris Fri, 01 May 2009 14:21:44 +0000 http://washingtonindependent.com/?p=41030#comment-29343 like i said they are a GARBAGE corporation, why people want to have their card i do not know? i worked at their data center in AZ a number of years ago, the place was 50% H-1B visa then? they are a TARP recieving welfare corporation running with CHEAP us government sell out labor. i remember when they thought they were worth 1.5% more merchant fee then visa or master. they are a PHONY psuedo elite JOKE ! like i said they are a GARBAGE corporation, why people want to have their card i do not know? i worked at their data center in AZ a number of years ago, the place was 50% H-1B visa then? they are a TARP recieving welfare corporation running with CHEAP us government sell out labor. i remember when they thought they were worth 1.5% more merchant fee then visa or master. they are a PHONY psuedo elite JOKE !

]]> By: Nancy Snider http://washingtonindependent.com/41030/american-express-and-the-bare-knuckle-tactics-of-card-issuers/comment-page-1#comment-29249 Nancy Snider Thu, 30 Apr 2009 18:57:45 +0000 http://washingtonindependent.com/?p=41030#comment-29249 Apparently their Blue Sky customers complained enough.. I just got a letter after receiving the same crappy treatment.. card was cancelled for NO REASON, my credit score is 720 and that is after American Express cancelled me and screwed up my debt to credit ratio...I was likey in the 800's before they did that.<br><br>They just informed me they are going to send me a check for the 500 dollars of travel credit I earned. Believe me I made a lot of noise about this. I have NO negative credit history NONE... I felt they stole my 500 dollars.. and damaged my credit score, well at least Im getting my travel credits back in cash. I no longer trust this company and will not use their services in the future but I feel a little less singed by getting my rewards refunded. Apparently their Blue Sky customers complained enough.. I just got a letter after receiving the same crappy treatment.. card was cancelled for NO REASON, my credit score is 720 and that is after American Express cancelled me and screwed up my debt to credit ratio…I was likey in the 800's before they did that.

They just informed me they are going to send me a check for the 500 dollars of travel credit I earned. Believe me I made a lot of noise about this. I have NO negative credit history NONE… I felt they stole my 500 dollars.. and damaged my credit score, well at least Im getting my travel credits back in cash. I no longer trust this company and will not use their services in the future but I feel a little less singed by getting my rewards refunded.

]]> By: juliette whitney http://washingtonindependent.com/41030/american-express-and-the-bare-knuckle-tactics-of-card-issuers/comment-page-1#comment-29205 juliette whitney Thu, 30 Apr 2009 14:59:26 +0000 http://washingtonindependent.com/?p=41030#comment-29205 One day Chris, they will beg for the good people they are dropping like flies now.<br>How do they get to become a bank holding company and get to act in such an horrific manner? One day Chris, they will beg for the good people they are dropping like flies now.
How do they get to become a bank holding company and get to act in such an horrific manner?

]]> By: juliette whitney http://washingtonindependent.com/41030/american-express-and-the-bare-knuckle-tactics-of-card-issuers/comment-page-1#comment-29204 juliette whitney Thu, 30 Apr 2009 14:58:00 +0000 http://washingtonindependent.com/?p=41030#comment-29204 It would be very interesting to know exactly why they feel this is good business practice.<br>Perhaps someone will look into it and find out. Just this week, four people have told me that they<br>have been treated like criminals by AMEX after paying their bills on time for twenty or more years.<br>They feel it might be the Bank Holding Company status that they now have. In any case, they ought to make a big apology for many things. One being compromising personal information and dropping people for no reason except that they don't want any risk. Even from good patrons. Their behavior is very very bad. Maybe they will see the error of their ways and step forward to do something worthwhile and become a beacon. They could become great and also help a lot of people. What a concept, huh? It would be very interesting to know exactly why they feel this is good business practice.
Perhaps someone will look into it and find out. Just this week, four people have told me that they
have been treated like criminals by AMEX after paying their bills on time for twenty or more years.
They feel it might be the Bank Holding Company status that they now have. In any case, they ought to make a big apology for many things. One being compromising personal information and dropping people for no reason except that they don't want any risk. Even from good patrons. Their behavior is very very bad. Maybe they will see the error of their ways and step forward to do something worthwhile and become a beacon. They could become great and also help a lot of people. What a concept, huh?

]]> By: janejim76 http://washingtonindependent.com/41030/american-express-and-the-bare-knuckle-tactics-of-card-issuers/comment-page-1#comment-29136 janejim76 Thu, 30 Apr 2009 03:36:52 +0000 http://washingtonindependent.com/?p=41030#comment-29136 Banks have huge debts, but they're getting a helping hand from the federal government. If you have overwhelming debt--perhaps from bad investments, or maybe a job loss, a medical crisis or just plain overspending--you're probably on your own. Check the website <a href="http://24hrbreakingnews.blogspot.com%27%3Ehttp://24hrbreakingnews.blogspot.com/2009/04/credit-counseling-service.html%22%3Ehttp://24hrbreakingnews.blogspot.com" rel="nofollow">http://24hrbreakingnews.blogspot.com'>http://24...</a> to see if they can help. I was also in trouble and I am glad I did check it before I talk to my CC company and it helped - Jane Jim, California Banks have huge debts, but they're getting a helping hand from the federal government. If you have overwhelming debt–perhaps from bad investments, or maybe a job loss, a medical crisis or just plain overspending–you're probably on your own. Check the website http://24hrbreakingnews.blogspot.com'&gt;http://24... to see if they can help. I was also in trouble and I am glad I did check it before I talk to my CC company and it helped – Jane Jim, California

]]> By: Card Credit - Bill urges measures to help prevent identity theft cases Displaying - Las Vegas Review Journal « Card Credit Deal http://washingtonindependent.com/41030/american-express-and-the-bare-knuckle-tactics-of-card-issuers/comment-page-1#comment-29018 Card Credit - Bill urges measures to help prevent identity theft cases Displaying - Las Vegas Review Journal « Card Credit Deal Wed, 29 Apr 2009 19:14:33 +0000 http://washingtonindependent.com/?p=41030#comment-29018 [...] American Express and the Bare-Knuckle Tactics of Card Issuers - The Washington Independent.comDavid Lazarus at The Los Angeles Times asks a question I’ve been wondering about myself: What are some credit card companies thinking? Lazarus points specifically to American Express, which seems to be going overboard in its eagerness to pare [...] [...] American Express and the Bare-Knuckle Tactics of Card Issuers – The Washington Independent.comDavid Lazarus at The Los Angeles Times asks a question I’ve been wondering about myself: What are some credit card companies thinking? Lazarus points specifically to American Express, which seems to be going overboard in its eagerness to pare [...]

]]> By: chris http://washingtonindependent.com/41030/american-express-and-the-bare-knuckle-tactics-of-card-issuers/comment-page-1#comment-28977 chris Wed, 29 Apr 2009 15:05:19 +0000 http://washingtonindependent.com/?p=41030#comment-28977 Unamerican (joke) depress is another TARP receiving GARBAGE corp whose data centers run with cheap H-1B Tata and infosys robots, on what that have not already shipped to bangawhore. they have lights and bathrooms there now ! Unamerican (joke) depress is another TARP receiving GARBAGE corp whose data centers run with cheap H-1B Tata and infosys robots, on what that have not already shipped to bangawhore. they have lights and bathrooms there now !

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