Tuesday, August 11, 2009

My AMEX Blue just went Black‏

Huh What?
Build your own damn creditImportant Account Price Increase Notification was at the top of an AMEX letter I received today.

Unsurprisingly my apr is going from fixed to variable, jumping from 11.99 to 15.24 and late fees are also higher. Below these clearly bulleted line items: "In addition, we are pleased to let you know that we will not charge you a fee if you go over your account limit." I'm not making this up - check out the scan above ^

This is a silly little personal account. It boasts a teeny $500 limit and hasn't been used in two years. I don't believe AMEX's intentions are entirely honorable.