Share post
member profile picture

Will Amex eventually lower my limit? here are the facts.
* I am the primary on the account
* 26.4K limit (was lowered 2 years ago from 27K
* in the past 3 years many negative marks on credit file. late mortgage payments, modified mortgages. etc.
* all of my mortgages are current albeit modified
* 1 credit card I stopped paying all together but my wife is the primary on that account. I am an additional card holder. I am now going to court to have this debt dismissed.
* in the past 3/4 of year or so, I have been knocking down the balance and using the card for all my purchases at the same time. spend 7k-10k a month and pay-down and additional 1k+ a month.
* new balance 19.5k
* last billing cycle Amex lowered my interest rate upon my request to 8.25 from 10.25. they put me on hold and then came back with the decision.
* they have me as holding one Amex card or another since 1994 (my employer issued the card for me at that point)




No, I don't think so at this point. If you get closer to the limit they might. If I may, what card is it? Obviously not a charge card... clear? Blue?I hope you're getting cash rewards for that. I used to work for AmEx... if they lower it let me know and I can send you someone's number.

Sub: #1 posted on Thu, 07/26/2012 - 13:08

waffles waffles
Moderators Cum Industry Expert
(Posts: 1697 | Credits: )

I overlooked this earlier. It doesn't really change what I said before but I want to ask in reference to this -

1 credit card I stopped paying all together but my wife is the primary on that account. I am an additional card holder. I am now going to court to have this debt dismissed.

Is this card from AmEx? I ask because if it is from AmEx, they are a little different in their treatment of authorized users. Also, if it is from AmEx, they may trace it to the card in your name and put your card on notice. Why is the debt to be dismissed? Just curious on that.

Sub: #2 posted on Thu, 07/26/2012 - 19:53

waffles waffles
Moderators Cum Industry Expert
(Posts: 1697 | Credits: )


Page loaded in 0.214 seconds.