I hate American Express. They cut my credit limit from $33,000 to $13,000 for no apparent reason and didn't even bother to call me or send me a letter or an email about it. When I called to find out what was going on, they told me it's because I shop at places where the vendor doesn't pay Amex back, or it's because I live in an area with a high foreclosure rate. What does this have to do with me, and why am I being punished for it?

So it's comical that they keep calling you despite the fact that you told them you now have that person's phone number, when they couldn't even give me a call to let me know of my credit limit decrease.

I only charge what I can pay in full that same month, so having such a high credit limit isn't really necessary, but it will still make an impact on my credit rating.

I hate to say it, but they are incompetent and they do deserve to go bankrupt. Especially with their crappy customer service.