In December 2008 AX lowered my limit from $17, 500.00 to $5, 000.00 without notifying me before taking that action. They also raised the interest rate to 27.24% !!! This is robbery. I've had a credit line with them since 1982, and this is no way to treat such a long time, good paying customer. This card will be canceled and I recommend everyone else do the same. Many businesses don't even take AX because the company charges them too much for transaction fees. I will tell everyone I know what they've done, and I encourage a boycott of American Express! read full review »