[Moto One]

Ok guy/gals

My question to all is: Has your (if you have and use) American Express Corp account be down graded?

If so, are all accounts up to date (no late payments ect).
And do you know that if you have had your Corp account down graded, has it effected your credit rating. (because it has on mine to my surprise)

I ask this because I was just notified by AMX that my Corporate and personnel accounts have been downrated. I have had both accounts since 1981, and over the years both have been used as safety nets when needed (revolving corporate account), and my normal AMX card (witch you pay as you go) has never been delinquent (meaning I have alway payed the full amount on time).
Over the past 2 months, twice when on business trips, when checking into a hotel, I have had my AMX card rejected. Upon calling AMX, I have been told that they think my balance is to high, or that " looking at the past three months you have not had your balance this high" (?), "maintenance but if you could make a good faith payment of 50% more then your current balance is, we'll open your account". In other words, they are asking for money up front on the account.

Now is it only me?

I have alway used my AMX card more like a cash card, paying for all fuel, maintenance (on my business car), air travel, food at restaurants, and buying business supplies. There have been times were my balance was deep into 5 figures, but over the past few years I have slowed down my business (half retired), and I repeat, I have never been late or payed short on the account.

So is American Express Going out of Business, or now that they are a "Bank" are they after bail out funds (of witch we here in America will be paying for in Tax Increases over the coming years.

Kinda like my allegiance to automotive brands, I have alway had an allegiance to AMX even if they were not excepted at the Olympics. But I'm loosing that love-in feeling with AMX.



Mark.