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American Express raises interest rate
American Express Company Consumer Complaint
I just spent 63 minutes on the phone with American Express (most of the time on hold) trying to get someone to explain why 1) they lowered my credit limit and 2) why they raised my interest rate by 3%. I was told that my credit limit was being decreased because I... More...
(Credit Cards, Finance, Banks)
cleanhonda's Comments
0 I started this blog about 7 months ago when AE raised my interest rate by 3% for no particular reason. I appreciate everyone who has taken the time to add their comments and experiences. At that time, I was told that my account would be reviewed in 6 months and my interest rate could POSSIBLY be reduced at that time. On August 5, I receive a letter informing me that they are changing my fixed rate to a variable rate, which equals 15.24% at the present time. I haven't made any major purchases and have always paid more than the minimum payment on always on time. This is the treatment they are giving their "good" customers? I don't get it. They were the best credit card company I have ever dealt with until the past year or so when they decided to get rid of me. Has anyone else received the "Important Account Price Increase Notification" letter???
(American Express raises interest rate)
(American Express raises interest rate)
0 Please let me know if you come up with any solution to this. I have posted this message on as many sites as I could find. All I know to do is call them every month and ask if they will reduce my rate.
(chadsimp)
(chadsimp)
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(meowdy)