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Old 01-22-2009, 03:15 PM   #41
wookie
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Join Date: Jun 2005
Location: Bay Area, CA
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Quote:
Originally Posted by celstu1 View Post
That happened to me. I have an AMEX card. It had a $16,000 limit. A couple weeks ago I got a letter that they dropped the limit to $500 and the interest rate went up to 32.99%. Luckily i never carry a balance on that card so it didn't affect me at all, but still... uugghhhh

Oh and minimize charging prices are going up in stores since these stupid Credit Card companies are charging store owners higher fees to process credit card charges.
This exact same thing happened to me too! Having a $500 credit limit on an Amex is so useless.
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