I've been a member of American Express since 2007, and have never defaulted. In fact in quite a number of times, I even made payments twice a month during the billing period. I noticed that after I joined American Express/Credit Secure, my two American express accounts were cancelled without any forwarning. I find this disconcerting since this arbitary cancellation will affect my credit standing. I had other non-American Express credit cards with high balances, and I always paid them on time. No one at American express has given me a... read full review »