Author Topic: Amex Closed Accounts  (Read 4979 times)

Online hvaces42

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Re: Amex Closed Accounts
« Reply #45 on: April 05, 2019, 06:08:00 PM »
Sounds like no.
What happened?
.
Posting for someone else here who doesnt want to ask. They have the money to pay. Was just closed due to 11213 address. 2 family members have that same issue.
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Offline gingyguy

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Re: Amex Closed Accounts
« Reply #46 on: April 05, 2019, 06:09:20 PM »
So who's the one that's settling?
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Offline AJK

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Re: Amex Closed Accounts
« Reply #47 on: April 05, 2019, 06:10:51 PM »
Seen this recently for millions in charges. Not sure what to make of it, but I think it very unlikely that Amex is simply going to walk away from these amounts.
Alternate universe:
 
Some big time gvir approached Amex and said, "You're going to be out $50 million, because less than 5% of the people who were swiping have the ability to pay their bill. I'll give you $25 million today, but you wipe out the outstanding debts and do so without imposing negative effects on their credit."

"Deal."

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Offline ludmila

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Re: Amex Closed Accounts
« Reply #48 on: April 05, 2019, 06:11:48 PM »
What does it say where it says CR ADJ Partial---- the rest does not show?
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Online hvaces42

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Re: Amex Closed Accounts
« Reply #49 on: April 05, 2019, 06:13:02 PM »
What does it say where it says CR Partial---- the rest does not show?
I think its annual fee refund
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Offline gingyguy

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Re: Amex Closed Accounts
« Reply #50 on: April 05, 2019, 06:15:00 PM »
Alternate universe:
 
Some big time gvir approached Amex and said, "You're going to be out $50 million, because less than 5% of the people who were swiping have the ability to pay their bill. I'll give you $25 million today, but you wipe out the outstanding debts and do so without imposing negative effects on their credit."

"Deal."
I wouldn't mind such a universe.
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Online davidrotts63

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Re: Amex Closed Accounts
« Reply #51 on: April 05, 2019, 06:18:33 PM »
Alternate universe:
 
Some big time gvir approached Amex and said, "You're going to be out $50 million, because less than 5% of the people who were swiping have the ability to pay their bill. I'll give you $25 million today, but you wipe out the outstanding debts and do so without imposing negative effects on their credit."

"Deal."
Thanks for exposing me. You're welcome guys.
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Offline LevyE

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Re: Amex Closed Accounts
« Reply #52 on: April 08, 2019, 05:31:00 PM »
It turns out I did have 4 transactions at Sterling Electronics last year. I wonder if that was it.

Offline AJK

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Re: Amex Closed Accounts
« Reply #53 on: April 08, 2019, 05:31:45 PM »
It turns out I did have 4 transactions at Sterling Electronics last year. I wonder if that was it.

Ding ding ding.

Common denominator among those closed is that the card(s) were used at one of the merchants running a scam/ponzi scheme, e.g. Toner, Sterling, Caretech, etc., which is probably what AmEx meant by "charges identified as non goods and services."
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Offline Dan

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Re: Amex Closed Accounts
« Reply #54 on: April 08, 2019, 05:37:28 PM »
Invariably when people say they can't see why they were shutdown, eventually realize exactly why they were shutdown...
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Offline mmgfarb

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Re: Amex Closed Accounts
« Reply #55 on: April 08, 2019, 06:30:01 PM »
It turns out I did have 4 transactions at Sterling Electronics last year. I wonder if that was it.
How large.
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Offline sruly

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Re: Amex Closed Accounts
« Reply #56 on: April 08, 2019, 06:30:57 PM »
It turns out I did have 4 transactions at Sterling Electronics last year. I wonder if that was it.
I spent $90 there 6 months ago, should I be worried?

Offline elef

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Re: Amex Closed Accounts
« Reply #57 on: April 08, 2019, 06:43:21 PM »
Welcome to DDF!
What are you talking about???

Thanks for the welcome !

Fidelity is working with card issuers to close accounts that swiped by these merchants as a deterrent for future cardholders

Fidelity was the card processor for a majority of the merchants

Offline Dan

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Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline mmgfarb

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Re: Amex Closed Accounts
« Reply #59 on: April 08, 2019, 06:48:08 PM »
"JS [is] a fetid cesspool of unvarnished linguistic manure, with lots of useless drivel and post-padding." -Moishebatchy