After a 15-year partnership, American Express suddenly slashed MyPillow’s credit line by a staggering 90%, according to the company’s owner Mike Lindell.
This news was revealed during an interview with Steve Bannon on his show “War Room,” where Lindell explained the broader implications of American Express’ decision on his business and the conservative movement in general.
“Steve, we really need everybody’s help right now,” Lindell told Bannon.
The MyPillow CEO went on to provide the details of the decision — noting that American Express had reduced his company’s credit line from one million dollars to just $100,000 without providing him with any notice or explanation. Lindell noted that the sudden action has had severe consequences for the company’s operations — especially online marketing and shipping.
“American Express -I wasn’t going to say this- we’ve been with them for 15 years, and we do all of our online marketing and all our shipping with them. Out of the blue, they took our credit line from a million dollars down to $100,000. Just crippled my pillow. No reason, no explanation. Just dropped it down last Tuesday,” he explained.
Bannon responded by asserting that American Express’ decision was a politically motivated attack with the goal of stifling the conservative movement.
“Let me be blunt, here’s why it is, because Trump’s up ten points, and now the majority of the American people understand the 2020 election was stolen,” the conservative host said. “That’s why American Express, they’re trying to debank you.”
Bannon then suggested that conservative lawmakers should use the appropriations bill as a countermeasure against these types of corporate actions — potentially using the legislation to cut these companies out of government programs to disincentivize these politically motivated financial attacks.
Lindell argued that the financial attacks on conservative companies like MyPillow are just part of a larger scheme to influence American elections.
“This is all about everybody. We’re right over target with the plan to secure our elections,” said the MyPillow CEO, who has been on the frontline working to help secure U.S. elections, adding: “We are securing them and they have to try and stop it right now. And they know that. That’s why this attack Steve, they turned the attack up on MyPillow this last month and a half, probably as high as it’s ever been since all the retailers canceled us. And everybody, we’re all praying that we get through this because we have to. We have to secure our elections to get our great real president back in.”
BREAKING: American Express just cut MyPillow's credit line by 90% after working with them for 15 years
They are trying to take Mike and his American workers out of business
— Jack Poso 🇺🇸 (@JackPosobiec) September 25, 2023
Former Arizona state Rep. Mark Finchem, who is currently running for Arizona secretary of state, responded to the news on “The Lindell Report” — where he called on Americans to call American Express and put pressure on the company to reverse the financial attack on MyPillow, noting that people should cancel their cards.
— Mike Lindell (@realMikeLindell) September 27, 2023