Consumer complaint received 2024-01-22 00:00:00
Product: Credit card — General-purpose credit card or charge card
Issue: Getting a credit card — Application denied
Company: AMERICAN EXPRESS COMPANY
State: OH

Complaint narrative:
As of XX/XX/year> I had applied for the American Express credit card application online through Americanexpress.com my reference number XXXX XXXX  In which I came to find I was surprisingly denied when proper exchange of my application/security was given to the creditor AMEX. email received XXXXXX/XX/year> However, how is this so when proper exchange was given for the valuable consideration or the credit card I am rightfully owed for giving a security? ( my credit application in exchange was given. ) As stated from UCC 3-303. VALUE AND CONSIDERATION ( 1 ). 

The instrument is issued or transferred for a promise of performance, to the extent the promise has been performed ; In this case, American Express the creditor with the credit card is to be GIVEN for this exchange as Valuable consideration a part of this Exchange per UCC 3-303. VALUE AND CONSIDERATION ( 1 ). Is dishonored In this I demand my credit card to be sent to me in complete acceptance as this exchange was done in COMPLETE good faith yet completely dishonored by American Express. 

through the giving of my application ( being a security ) in receiving the valuable consideration of my AMEX Platinum credit card, exchanged on my end for my security ( credit application given in exchange ). With this I DEMAND the American Express credit card be accepted and given fairly. As the credit application is a contractual agreement between myself, the individual ( the applicant ) and a credit card issuer ( American Express ) with the valuable consideration properly given and upheld.

Adverse action against a consumer is AGAINST THE LAW according to the Equal Credit Opportunity Act which is codified in 15 U.S.C 1691c and is pursuant to civil liability under 15 U.S.C 1692k. pursuant to 12 CFR 1026.13. The application of the account which is defined under 12 CFR 1002.2 defined as extension of credit and the word account refers only to open-end credit. Open-end credit is defined via Truth in Lending ( 12 CFR 1026.2 ) see below : Open-end credit means consumer credit extended by a creditor under a plan in which : ( i ) The creditor reasonably contemplates repeated transactions ; ( ii ) The creditor may impose a finance charge from time to time on an outstanding unpaid balance ; and ( iii ) The amount of credit that may be extended to the consumer during the term of the plan ( up to any limit set by the creditor ) is generally made available to the extent that any outstanding balance is repaid. You have been requiring Federal Reserve notes as payment, the application with my provided information served as a security which satisfied all the requirements pursuant to UCC 3-303 ( 2 ) This is considered an unauthorized use since I have received NO BENEFIT. This will also serve as notice of breach of fiduciary duty ( U.C.C. 3-307 ). Following this notice if said application is not accepted for its intended purpose within Three ( 3 ) business days of the receipt of this notice, an SEC complaint will be filed pursuant to 17 CFR 240.15c1-2 and 17 CFR 240.10b-5. As well as an IRS complaint for abusive tax schemes involving the SEC filed trust arrangement. ( 12 CFR 210.2 ( k ) / ( 12 CFR 229.2 ( u ) ( 4 ). Pursuant to 15 U.S Code 1691 ( C ) and you assume civil liability pursuant to 15 U.S Code 1691 ( K ). AND YOUR BANK has violated my federally protected consumer rights. Furthermore an open-end consumer credit card ( 15 U.S.C. 1602 ( m ) ) with monthly credit by the applicable law ( 15 U.S.C. 1602 ( j ) ). Balance will be zeroed on a monthly basis via special deposit of the interest- bearing coupons associated on the itemization statement. This is your opportunity to cure as well as your default for the servicing of the aforementioned account. A national bank has no power to lend its credit to any person or corporation. See-U.S. Constitution,1789, Article 1, Section 10. No state shall make anything but gold and silver coin a tender in payment of debts. Desired settlement and resolution is approve my credit card and make it an open-end consumer credit card with NO pay over time limit, Thank you!

Company response to consumer: Closed with explanation