Trump Supporter, My Pillow CEO Mike Lindell, Says American Express Slashed Credit Line 'Out Of The Blue': Report

CEO of MyPillow, Mike Lindell, reported on Tuesday that American Express has substantially reduced the company’s credit line, causing significant business implications. The news came to light through an Insider report.

What Happened: Lindell revealed in a podcast named “War Room” that American Express, MyPillow’s financial service provider for 15 years, suddenly minimized the company’s credit line from a million dollars to a mere $100,000. The abrupt move has severely affected the company.

“Out of the blue, they took our credit line from a million dollars down to $100,000,” said Lindell, according to the report.

While American Express opted not to comment on Lindell’s claims, the company’s spokesperson clarified that their customer decisions weren’t influenced by personal views or political affiliations.

Earlier in 2022, Lindell faced a similar financial setback when Minnesota Bank & Trust terminated him as a client due to being a “reputation risk”. This led to a significant business loss for MyPillow, forcing Lindell to auction off equipment from his Minnesota pillow factory after a $100 million retail sales loss.

In addition to his financial woes, Lindell, a steadfast supporter of former President Donald Trump’s baseless election fraud claims, is presently defending against billion-dollar defamation lawsuits from Dominion Voting Systems and Smartmatic.

See Also: Howard Stern Claps Back At Trump’s Social Media Rebuke: ‘Call Me Woke As You F***ing Want’

Why It Matters: A series of unfortunate events have been unfolding for MyPillow and Lindell. The CEO claimed that the company faced a “massive, massive cancellation” due to his staunch support for former President Trump, leading to a significant loss of $100 million.

Retail giants like Walmart, Bed Bath & Beyond, and Kohl’s Corporation removed MyPillow products from their shelves, causing an alleged massive financial hit. (source )

Furthermore, Lindell’s continuous endorsement of Trump and his unfounded claims of election fraud has not only impacted his company’s financial standing but also amplified legal troubles. With billion-dollar defamation lawsuits from Dominion Voting Systems and Smartmatic, the company’s future seems uncertain.

Photo Courtesy Lev Radin on Shutterstock.com

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