If you ask yourself the question Why was my American Express credit card canceled? – Here is the answer. In the following, we will comment a little on the reasons why these cards are canceled.
On the other hand, if you do not have this financial instrument, there is the possibility of applying for a Sears credit card online, know its requirements and benefits.
American Express credit cards
The credit cards American Express or Amex, are part of the American Express Company and offer their services in many nations around the world. Its advantages lie precisely in this quality, that is, they can be used in many nations.
In the same way, these credit cards are allies of many banks globally, so making purchases anywhere in the world is usually insured. However, sometimes they can cancel your credit card. If you have questions, here are some reasons why Amex cards are canceled.
Why was my American Express credit card canceled? – Here is the answer
There are various reasons why credit cards are canceled. In any case, those mentioned below are usually the most common causes. Even so, before starting, check if your card was rejected, since many are confused between a rejection and a cancellation, therefore, it is best that you know the reasons why a credit card transaction is rejected. On the other hand, if it was a cancellation, read the following possible causes.
Give false information
This is very rare, since before reaching this point, the bank members are analyzed and investigated. In any case, if for some reason all these filters are passed, there may be a possibility that a customer provides false information. In other words, if at any time the bank finds out that the information provided to create your account is false, then they can cancel your card.
In fact, the bank has every right to make a claim and certainly providing false information to a bank has legal repercussions in most countries. For this reason, whenever you create an account or require a banking resource, provide reliable information.
Again, check that the reason for not swiping your card is not another, since it may also have been in remission. If you think this is it, then you should know what a credit card referral is.
Not paying debts on time
American Express credit cards are present in most nations, but almost all of them have a similar nature. Commonly, the credit used with the American Express card ends at the end of each month. In other words, before the time limit passes, the previous debt must be canceled.
American Express and the general banking level have every right to cancel credit cards if they are not paid on time. In other words, your credit card may have been canceled because you didn’t pay on time. Either way, this usually happens when you repeatedly fall into debt.
The bank has determined that you cannot pay
Banks take many precautions in relation to their clients, so if for some reason it is determined that you cannot pay with your accounts, there is the possibility that your card or your account will be canceled.
This usually happens when there is a bad credit history, but it can also happen if you see a decrease in the income or movements of your account. It is not common, but it is a possibility for which accounts can be closed.
On the other hand, if this or those shown above are not the reasons why cancellation of your accountRemember that you can contact the bank at any time to make a claim. In turn, if you have problems, it is possible to cancel an unrecognized charge on your credit card by contacting the bank.