[BlueNgold]

What an ass-hat.
This is the guy who runs the company that has been lowering the limits on their cards for good customers with solid credit to the point that many of us have told him to take his plastic and shove it where the sun don’t shine.

[Paladin2]

I never could see the point of having an AM-Ex card, though I did for a few years.

[Squantos]

Yep....AMX is a debit card for stupid people.....:o)

[Dr. Ursus]

Haves paying for have-nots.Credit card socialism.

[rabscuttle385]

This is the guy who runs the company that has been lowering the limits on their cards for good customers with solid credit to the point that many of us have told him to take his plastic and shove it where the sun don’t shine.

The credit card issuers are pissed because they can't arbitrarily lower the lines of their customers to $100 beneath the current balance as an excuse to default them and hit them with punitive fees. [And yes, that can happen to you even if you're a good customer who pays on time.]

[N. Theknow]

This is the guy who runs the company that has been lowering the limits on their cards for good customers with solid credit to the point that many of us have told him to take his plastic and shove it where the sun don’t shine.

Gotta pay for that company spokeslesbian who does their commercials somehow.

What a great idea. Everybody loves Ellen DeGenerate.< /sarcasm >

[Publius Valerius]

This is the guy who runs the company that has been lowering the limits on their cards for good customers

Amex charge cards don't have preset limits.

[ExTexasRedhead]

Hitler Jr. and his Gestapo Administration and Gestapo Congress are destroying our country and our future and our way of life. Anyone out there care enough to organize an opposition??? Leaders with goands and a spine wanted immediately. Anyone have some suggestions other than Cheney?

[Wyatt's Torch]

Still doesn’t mean he is wrong...What is the natural reaction to price controls? Artificial limitation of fees and rates is, by any definition, a price control. The market response will be a scarcity of that product. Credit card companies will clamp down on who they issue cards to cutting off the riskier clients. That will slow economic growth.

[ItisaReligionofPeace]

You may not like him or his company, but he is correct. If you had to loan money at the same interest rate to upstanding citizens with a high income and low debt and a marginal income and high debt what would you do?

a) Raise rates for all borrowers to cover the likely defaults b) Grant less credit to the likely defaults c something else?

[steveo]

This is the guy who runs the company that has been lowering the limits on their cards for good customers with solid credit to the point that many of us have told him to take his plastic and shove it where the sun don’t shine.

Exactly... I've been a 'cardholder since 87', never ever late and 70% of the time I paid more than the amount due. Still they cut my limit, no reason. Not one more penny for them.