American Express Blue With Points
Author: Cathy
Posted: Sat Mar 04, 2006 12:54 pm
Post subject: American Express Blue Question
Hi there everyone! I have an American Express Blue Card (the points one, not the cashback one). To make a really long story short I lost my job, am in the middle of a possible move, and got put on unemployment. However, I am trying to get hired on at another (though one that pays less) position. Which brings me to American Express. I am now over the limit with them not because of the charges that I put on there but because they decided to reduce my credit limit (I have so far kept up with all payments on all accounts including theirs). It looks like th money I had been saving to pay off one card will go the American Express to get me back under the new limit even though the supposded minimum for this month is less then that. Is this advisable? Also, I noticed they slapped a $35 over the limit fee on the account even though I was under the limit before all of this. Is this fee worth fighting and if so, any suggestions on how to do so?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: QikPass
Posted: Sat Mar 04, 2006 4:59 pm
Post subject:
Of course its worth fighting for..
What do u have to lose except a few minutes of your time?
_________________
Fortune Favors The Bold...
Author: credithelp
Posted: Sat Mar 04, 2006 7:30 pm
Post subject: American Express Blue With Points
Did they say why they reduced your credit limit to under your current balance? Was it due to the unemployment?
Author: Cathy
Posted: Sun Mar 05, 2006 4:04 pm
Post subject:
They don't know about my unemployment. The reasons listed were things like too much on other cards, excessive inquiries (though I am going to check my report and look into that because there shouldn't be that many since I haven't been applying for much in the last year though perpective employers could have checked it) and things of that nature. I'm thinking of just paying their minimum payment when I get the bill but that will still put me a little over the new limit. I just find it unfair they are charging me an over the limit fee when the over limit was caused by their lowering it.........I just hope they don't raise the APR next because I won't be able to pay any of it if they do that.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Sat Mar 04, 2006 12:54 pm
Post subject: American Express Blue Question
Hi there everyone! I have an American Express Blue Card (the points one, not the cashback one). To make a really long story short I lost my job, am in the middle of a possible move, and got put on unemployment. However, I am trying to get hired on at another (though one that pays less) position. Which brings me to American Express. I am now over the limit with them not because of the charges that I put on there but because they decided to reduce my credit limit (I have so far kept up with all payments on all accounts including theirs). It looks like th money I had been saving to pay off one card will go the American Express to get me back under the new limit even though the supposded minimum for this month is less then that. Is this advisable? Also, I noticed they slapped a $35 over the limit fee on the account even though I was under the limit before all of this. Is this fee worth fighting and if so, any suggestions on how to do so?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: QikPass
Posted: Sat Mar 04, 2006 4:59 pm
Post subject:
Of course its worth fighting for..
What do u have to lose except a few minutes of your time?
_________________
Fortune Favors The Bold...
Author: credithelp
Posted: Sat Mar 04, 2006 7:30 pm
Post subject: American Express Blue With Points
Did they say why they reduced your credit limit to under your current balance? Was it due to the unemployment?
Author: Cathy
Posted: Sun Mar 05, 2006 4:04 pm
Post subject:
They don't know about my unemployment. The reasons listed were things like too much on other cards, excessive inquiries (though I am going to check my report and look into that because there shouldn't be that many since I haven't been applying for much in the last year though perpective employers could have checked it) and things of that nature. I'm thinking of just paying their minimum payment when I get the bill but that will still put me a little over the new limit. I just find it unfair they are charging me an over the limit fee when the over limit was caused by their lowering it.........I just hope they don't raise the APR next because I won't be able to pay any of it if they do that.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 4:10 PM
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