Speaking of credit cards, Amex sent a nice piece of mail in saying they are cutting my credit limit in half automatically because I'm not spending as much on their card. That was the only reason????? My credit score proceeded to drop 3 points on Credit Karma. So probably double that on FICO. A+ plus job Amex!
Anyone have an explanation on why besides fraud concerns on their side? If they have the limit so high they can lose more money? At the same time it's pretty shitty thing to just pull out of nowhere on their customer because you aren't spending as much?
Anyone have an explanation on why besides fraud concerns on their side? If they have the limit so high they can lose more money? At the same time it's pretty shitty thing to just pull out of nowhere on their customer because you aren't spending as much?