Hell I already closed my account had 18,000 limit still owe 5000 but it is closed screw them.
Read between the lines: “You are a deadbeat, dear customer. Go somewhere else, you dont spend your card so often. We only want RICH customers who use their AMEX daily..now go away. BTW, here’s $300.”
Why blame them for your failure to manage your money?
this helps AmEx
Based on what you told us, you sound like you would have been one of the good customers who would not have been asked to leave have benefited from sticking with a solvent company, thus lower interest rates. If you had a history of paying your bills, it would have benefited you to stick with AXP versus going to one of the other big cards (if you did).