I had a business credit card. I had about 11k balance on it. With the next payout, I paid the entire balance off. As soon as i did, they sent me a letter saying my account was cancelled and thanks for the payment. I had it opened for about a year, and never missed a payment, and the balance never went over about 2k, except for that last month where i needed to buy a larger qty of materials. This was past december.
So i had to open a new one. I opened AmEx. They gave me $5,000, then reduced it to $1,500 before i even made a single purchase!
Either way, i don't owe shit on either, and these days unless customers pay me at least 50% in advance, i won't even take on the job. I can always hire/fire help as i please these days, so it doesn't bother me.
Same here. I had a card that started at $1500 in 2000, I got a job as a consultant which required me to travel everywhere, so lots of plane tickets, hotels, food, car rentals etc... They slowly increased it and by 2005 it was at $25000. I probably charged a few hundred thousand over the years but always paid in full by end of month. Then out of the blue last year they dropped it to $7500 and raised my rate from 9% to 25%. I called them and they basically told me to deal with it or cancel, so I cancelled. Fuck them. This was with Citibank.
the shitty part is now when I go on long trips I have to use two cards because hotel costs rack up fast.
