Mother Jones is a highly questionable publication, IMO, and I would not necessarily trust this storyline as far as I could throw a ‘59 Cadillac by the tailfin.
Granted, I have a distaste for credit card companies, but I view this one with caution..
A.A.C.
I shop at Walmart. My credit is excellent according to the 3 reporting agencies: Trans Union, Experion, and Equifax.
Credit scores are individual and another cardholder's behavior would never effect my credit score.
Mother Jones = hogwash!!! And, I suspect the purported Amex letter is an excuse for the liberals bad credit behavior.
No longer have credit cards and no longer worry about it.
Used to carry a work-issued American Express card. Kept getting bills for $000.00 in the mail. Asked ‘em to stop sending such retardation; they said they couldn’t help it. I told ‘em I couldn’t help cancelling the account & chucking the green plastic in the woodstove.
If the discriminant function says that people who engage in activity X, Y or Z are bad risks, then that's that. End of story. Businesses that want to remain in business had better pay attention to what the mathematics says. I swear, libs are just dumb petulant children -- too dumb to understand the science, so they throw their temper tantrums and major in some BS subject, which is undoubtedly taught by another dumb lib. When they do dare to venture into science, they come up with crap like global warming and throw another temper tantrum if you dare to question them about it.
My AmEx card has no limit; never has so far as I know. Is this just more disinfo?
If true, may be sleazy. But then, no one has a “right” to a line of credit in any specific amount.
I thought American Express cards had no pre-set spending limit? I use my Amex green card at the local warehouse store, a couple of carry-out restaurants, and that’s it. So I guess Costco, Scarpatti’s Pizza, and the Chinese Palace count as up-scale retailers.
I understand the issue as it is being reported. But I don’t make purchases that even approach my credit limit, much less exceed it, mainly because my beginning balance each month is $0.
However, for those people that love paying banks tohusands of $$$ a year in credit card interest I can see how this could be a problem. If they had a higher credit limit, they could transfer even more of their wealth to the banks in monthly interest payments.
If I had never shopped there, and all of a sudden started shopping at discount stores, I can see why AMEX would get worried.