I received a letter in the mail yesterday that AMEX has cancelled my card. I have had the card for ten years and never made one late payment. My credit limit was only 5K and my current balance is about $500. I hadn't even used the card since Nov 08. Per the "computer generated letter", information from Experian is the reason. I recently completed a short sale on my home. My FICO scored dropped from about 740 to 654. Granted not great, but heck it's not bankrupcy. I have paid every single one of my creditors timely. With the... read full review »