American Express has announced a policy change regarding its Membership Rewards program. The policy change permits a cardholder that is in good standing at the time that his card is cancelled to redeem his Membership Rewards points for up to 90 days following the cancellation of his card. American Express did not define what the term good standing meant, [...]
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In a previous article on this site, Is The Credit Card Industry Redlining? I wrote about actions by American Express where customer’s credit limits were lowered based upon where they shopped. In a New York Times article, “American Express Kept a (Very) Watchful Eye on Charges” writer, Ron Lieber reports on his interview with Susan [...]
In a recent article found on the Credit Law Network, ”Credit Card Limit Cut Based On Where He Shopped“, Jonathan Ginsberg, an Atlanta Consumer Lawyer discusses the case of Kevin D. Johnson, a resident of Atlanta, Georgia. American Express cut Mr. Johnson’s credit limit citing “the poor repayment history” of other American Express customers who shopped at stores [...]
Would you believe that your access to credit on a credit card can be reduced based on where you shop? As reported in Atlanta newspaper, a consumer with a perfect payment history and high credit scores received a letter from American Express advising him that his spending limit has been slashed because “other customers who [...]
