Amex-loc What's Up With Them

Discussion in 'Credit Talk' started by brad, Jul 3, 2002.

  1. brad

    brad Well-Known Member

    I was informed over a month ago that amex was closing my loc on 6-18 -02.Today I open my mail and there is 20 new loc checks from amex.What are they doing,or don't they have a clue? I already destroyed the last loc checks LOL.
     
  2. mj

    mj Well-Known Member

    Don't use them - they will return them (based on my phone conversation with a CSR a few weeks ago).

    Amex Bank has decided to exit the LOC business.

    Bummer.
     
  3. GEORGE

    GEORGE Well-Known Member

    CHECKS are mailed by a 3rd party (usually)...and they might have been printed 3 months ago and just saved till the REQUESTED mail date...
     
  4. brad

    brad Well-Known Member

    The strange thing is the old checks are listed as Membership Banking,and the new one's as One Financial Account?
     
  5. Bill B

    Bill B Well-Known Member

    Me and wife both got this LOC..Mine was maxed just about ecept for maybe $400 only becasue the intrest is low.,But anyways hers had quite a bit avaible still..I got that letter and she didnt.I think they are weeding out the people who use it to much.
     
  6. Saar

    Saar Banned

  7. Saar

    Saar Banned

    Update:

    Just talked to them. They said some customers got "One Financial" checks, but those were sent in error, because their account would still be closed - not converted.

    You better call them & talk to a supervisor to make sure.


    Saar
     
  8. richard612

    richard612 Well-Known Member

    Re: Update:

    On a different note, I understand that the LOC's were being closed in two batches. The second group was (is?) supposed to get the notification letter sometime this month. Has anyone gotten a letter so far this month?

    I ask because I've not received any correspondence from Amex in quite some time and I just wrote a check for about 95% of my credit line. I'm a little worried that it's going to bounce.

    RM
     

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