Comments on: Where You Shop Could Hurt Your Credit Score and Credit Limits

By: Simon Zhen

Simon Zhen — Wed, 09 Jun 2010 22:10:11 +0000

AMEX is thinking customers of Walmart are there to save money… meaning that they are probably facing financial hardship… meaning they are in the “high risk” category… meaning AMEX is reducing their risk by cutting customers off.

Time to switch over to cash or some rewards debit card!

By: Writer's Coin

Writer's Coin — Thu, 29 Jan 2009 19:25:36 +0000

Thanks for the mention!

By: Kristen

Kristen — Thu, 29 Jan 2009 18:53:18 +0000

I wouldn’t say be careful where you shop I would say “forget you!” to Amex. With the abundance of credit cards on the market and so many different reasons to use them I would think they would be welcoming customers in instead of pushing them away. I won’t doubt they are the next company for a round of layoffs because of the dumb decisions made by their management!!!!

By: devil

devil — Thu, 29 Jan 2009 16:44:58 +0000

What AMEX did in this case is astonishingly stupid. All they will accomplish is getting some bad press and (probably) losing a good customer. Customers who pay on time are too valuable to go around tossing them away with both hands.

If I was Kevin Johnson, I’d drop my AMEX account like a hot brick. With his credit history, he doesn’t need them.