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Many people are reporting that American Express is slashing credit limits or spending power for their credit cards and or charge cards like Amex Gold or Amex Platinum including business cards. The best thing to do is to contact American Express if this has happened to you and asked them what documentation they may need to restore your previous ...
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Customers who have been with AMEX for a long time, are now cancelling their credit cards, because they have new limits that they’ve never had before and is affecting their business. Some individuals who have been with them for 20 years, have never had a limit, but now they do. This is a huge red flag for the economy as there may be further insolvencies and losses in consumer discretionary markets. People are struggling and they need help. ##economy##amex
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Customers who have been with AMEX for a long time, are now cancelling their credit cards, because they have new limits that they’ve never had before and is affecting their business. Some individuals who have been with them for 20 years, have never had a limit, but now they do. This is a huge red flag for the economy as there may be further insolvencies and losses in consumer discretionary markets. People are struggling and they need help. ##economy##amex
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