American Express Putting Credit Limits on Business Cards

My business e-mail inbox just received a nice little note from American Express telling us that they were putting a credit limit on our business card. We have used it extensively for business purchases for over 20 years (as is proudly proclaimed on the front of our card - member since 1989). We've always paid it in full every month, whether it is $3,000 or $15,000.

The only advantages of AMEX over a traditional credit card has always been that we didn't have to worry about bumping into a credit limit with 4 employees enrolled with cards.

But now that advantage is gone, so why in the world would we pay the expensive fees associated with an American Express card? Answer is we won't. They just lost our business.

And the funny thing is they sent me another e-mail at the same time reminding us to use our American Express card for all of our business purchases! Maybe the marketing department should check to see what policy decisions are being made before they create advertising - makes them look a little silly, doesn't it?