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Originally Posted by tryingcake  I'm on the same boat - AMEX just cut me off with not a single reason that makes sense. I have never missed a payment - never been late - the reason I was given..
"general population risk due to the economy."
WHAT?????????
BOA tripled my interest even though I have always not only never been late - but typically made double payments......
Same reason was given to me. Oh, but they agreed to lower it back down 1 point. - uh, yippe?
I agree - I told them individual merit obvioulsy no longer matters. Because now I have a forced closed credit card on my credit record..... |
Do the banks not realize that people with good credit do have choices? When the credit card companies start sending out credit card offers, I'm chunking them in the garbage. I am determined to never use a credit card AGAIN. I dont have to--I only ever used credit cards to build credit. This will backfire on them....nobody who CAN afford to pay their bills with good credit will ever agree to pay 30% interest or annual fees.
Everyone I know is bitter with the credit card companies and have all vowed not to do business with them again.