Hi all! My computer carashed and i lost this site but i am back now..Back in the days some of us got the Amex L.O.C..I was wondering if they sent you a letter saying not to use the account that they were discontinueing it? I got 1 but my wife did not and my account was maxed.(Nice Rate
I have one tied to my amex platium charge card. They include a check in with my statement every month and i never gotten notice that it is been canceled either. Currenctly there is a 0 balance too and i almost never use it either. it is called flex select. Hope that info helps you out
Just be careful with the flex select! I started using it quite a bit and they got a bit uncomfortable with my balance. The rate is good 10% on my extended pay. Hit $6000 and they pulled a hard and shut down the LOC. Said they will review in 3 months. My Plat AMEX card is still good but everything new is due in full. So, will BT away from it when I get closer to 3 months. So just be careful with Flex select and extended pay options! FWIW
The L.O.C. i got from them was 7.74% at $6,000.00 But i kept a high balance due to the low rate..Now they sent me a letter saying they don't offer it anymore but all will stay the same just no more debits.,However the wife has same but hers was low balance and she never got the letter,I think they just thought i was a risk and lied there way out of it.
