Author Topic: AMEX FINANCIAL REVIEW TRIGGER LIST (Read 22678 times)

elikay · « **on:** May 23, 2011, 09:50:38 PM »

I have combed through the forums to identify the known (and possible) triggers of the dreaded "FR" Financial Review. (another Wiki candidate

)

Please keep this thread clean and to the point

Extensive discussions take place here: http://www.dansdeals.com/forums/index.php?topic=8.0

To start you may want to read up here: http://www.dansdeals.com/archives/2537

Family member receiving FR can cause other family members to get Fr'ed as well
http://www.dansdeals.com/forums/index.php?topic=6223.msg74003#msg74003
http://www.dansdeals.com/forums/index.php?topic=8.msg24759#msg24759

Living at same address as someone who was FR'ed
http://www.dansdeals.com/forums/index.php?topic=8.msg77046#msg77046

Using majority of CL
http://www.dansdeals.com/forums/index.php?topic=7526.msg87716#msg87716

Large cash advance
http://www.dansdeals.com/forums/index.php?topic=5908.msg82906#msg82906

Nothing...
http://www.dansdeals.com/forums/index.php?topic=2723.msg30062#msg30062

Changing name on business card
http://www.dansdeals.com/forums/index.php?topic=3589.msg38101#msg38101

Mint purchases
http://www.dansdeals.com/forums/index.php?topic=146.msg22932#msg22932

Amex Gift Card Purchases
http://www.dansdeals.com/forums/index.php?topic=2422.msg26670#msg26670
http://www.dansdeals.com/forums/index.php?topic=8.msg40106#msg40106

Unusual spending
http://www.dansdeals.com/forums/index.php?topic=8.msg7627#msg7627
http://www.dansdeals.com/forums/index.php?topic=3710.msg39597#msg39597
Amazon payments (possibly)
http://www.dansdeals.com/forums/index.php?topic=3657.msg88656#msg88656

Using close to reported income
http://www.dansdeals.com/archives/2537

Logging in online too much (!)
http://www.dansdeals.com/forums/index.php?topic=8.msg13741#msg13741

Prepaying
http://www.dansdeals.com/forums/index.php?topic=1712.msg13732#msg13732
http://www.dansdeals.com/forums/index.php?topic=3710.msg39725#msg39725

Adding Cardholders (many?)
http://www.dansdeals.com/forums/index.php?topic=8.msg49318#msg49318

Monsey · « **Reply #1 on:** May 23, 2011, 10:24:42 PM »

I had a hilton card for a couple of months and then applied for a starwood. The day i got approved for the starwood i called to transfer 90 percent of the hilton credit line to the starwood card because i was planning on cancelling the hilton. The next day i got f/r. So transfering credit to a new account may also trigger a f/r.

Dan · « **Reply #2 on:** May 23, 2011, 10:27:51 PM »

Having a credit line greater than $24,999 on 1 card.

AsherO · « **Reply #3 on:** May 23, 2011, 10:29:28 PM »

Quote from: Dan on May 23, 2011, 10:27:51 PM

Having a credit line greater than $24,999 on 1 card.

It's great we know exactly what that amount is.

elikay · « **Reply #4 on:** May 23, 2011, 10:57:51 PM »

Using overseas forgot to post (dunno where to link to)

Avid Reader · « **Reply #5 on:** May 24, 2011, 08:51:55 AM »

Quote from: elikay on May 23, 2011, 10:57:51 PM

Using overseas forgot to post (dunno where to link to)

Really? Why?

I'm assuming this is only when you don't notify them in advance that you plan to travel.

airblade · « **Reply #6 on:** May 24, 2011, 09:08:05 AM »

Quote from: Dan on May 23, 2011, 10:27:51 PM

Having a credit line greater than $24,999 on 1 card.

Are you talking about an amex card or any CC with a $25,000 limit

AsherO · « **Reply #7 on:** May 24, 2011, 09:11:19 AM »

Quote from: airblade on May 24, 2011, 09:08:05 AM

Are you talking about an amex card or any CC with a $25,000 limit

Note the thread title. Discussion is limited to Amex (unless otherwise specified).

airblade · « **Reply #8 on:** May 24, 2011, 09:35:40 AM »

Quote from: AsherO on May 24, 2011, 09:11:19 AM

Note the thread title. Discussion is limited to Amex (unless otherwise specified).

I have a $36,000 amex card with no FR, thats why i asked. Amex has access to your CR, so i am sure they can find many reasons to check your finances.....

AsherO · « **Reply #9 on:** May 24, 2011, 09:37:30 AM »

Quote from: airblade on May 24, 2011, 09:35:40 AM

I have a $36,000 amex card with no FR, thats why i asked. Amex has access to your CR, so i am sure they can find many reasons to check your finances.....

Just because it's a trigger doesn't mean everyone gets F/R'd once their CL passed $25k.

airblade · « **Reply #10 on:** May 24, 2011, 09:43:12 AM »

Quote from: AsherO on May 24, 2011, 09:37:30 AM

Just because it's a trigger doesn't mean everyone gets F/R'd once their CL passed $25k.

Then it must be my 832 FICO score that protects me from these goyim, and the dreaded FR.............

Bp · « **Reply #11 on:** May 24, 2011, 09:45:59 AM »

I know two accounts that applied for three cards simultaneously-and got F/R'ed for too many recent applications,

AsherO · « **Reply #12 on:** May 24, 2011, 09:46:08 AM »

Quote from: muttman on May 24, 2011, 09:44:36 AM

Am I setting myself up for a F/R?

I purchased rangers (NHL) first round tickets with my SPG card the total came to $5,000 for all 4 home games. After the rangers were eliminated they only played two of there 4 games so I got a credit of $2,500. Amex said that they can send me a check of my credit as soon as they complete an investigation.

Should I be nervous?

I don't think so.

elikay · « **Reply #13 on:** May 24, 2011, 10:01:01 AM »

Quote from: Avid Reader on May 24, 2011, 08:51:55 AM

Really? Why?

I'm assuming this is only when you don't notify them in advance that you plan to travel.

There are at least 2 reports in the forums about it. Can't look for links now.

Quote from: Bp on May 24, 2011, 09:45:59 AM

I know two accounts that applied for three cards simultaneously-and got F/R'ed for too many recent applications,

I did come across that one, forgot to post, Thanks.

elikay · « **Reply #14 on:** May 24, 2011, 10:02:03 AM »

@airblade
PLEASE! Keep this thread clean, ALL discussion should take place here http://www.dansdeals.com/forums/index.php?topic=8.0

Mikeoracle · « **Reply #15 on:** May 24, 2011, 11:58:31 AM »

Quote

"I'm assuming this is only when you don't notify them in advance that you plan to travel. "
There are at least 2 reports in the forums about it. Can't look for links now.

I have also seen reports both here on DD and on FT of an FR being triggered after a charge overseas.
When you call amex they tell you that you do NOT need to notify them when traveling.

Maybe its a conspiracy theory but some folks on FT believe that Amex uses the oppurtunity of you being out of the country to trigger the FR and shut down your accounts because you couldnt comply in time...

txtmax4 · « **Reply #16 on:** May 24, 2011, 10:31:48 PM »

I've experienced a "partial FR" when my CL was 12K and I called in to increase it to 36K, this was in the evening and they told me that a "certain department" was going to make the decision. Then about a week later I got a letter stating that in order for me to qualify for the CL increase, they would need to review my finances... along with all the FR papers and forms. All along my account was active at 12K CL.
Ignored the letter, and about a year later called in and they increased me on the spot to 28K and have since spent more than that amount (never exceeding 14k at once though).
Now I'm reading that over 24,999 it's a trigger, but if I call them to reduce it, wouldn't that trigger as well?

Avid Reader · « **Reply #17 on:** May 24, 2011, 11:16:59 PM »

Quote from: txtmax4 on May 24, 2011, 10:31:48 PM

Now I'm reading that over 24,999 it's a trigger, but if I call them to reduce it, wouldn't that trigger as well?

How about telling them you want to move some f the CL to another card?

smurf · « **Reply #18 on:** May 24, 2011, 11:17:31 PM »

Quote from: txtmax4 on May 24, 2011, 10:31:48 PM

I've experienced a "partial FR" when my CL was 12K and I called in to increase it to 36K, this was in the evening and they told me that a "certain department" was going to make the decision. Then about a week later I got a letter stating that in order for me to qualify for the CL increase, they would need to review my finances... along with all the FR papers and forms. All along my account was active at 12K CL.
Ignored the letter, and about a year later called in and they increased me on the spot to 28K and have since spent more than that amount (never exceeding 14k at once though).
Now I'm reading that over 24,999 it's a trigger, but if I call them to reduce it, wouldn't that trigger as well?

Is moving a few k to another card still an option?

txtmax4 · « **Reply #19 on:** May 24, 2011, 11:27:13 PM »

Quote from: Avid Reader on May 24, 2011, 11:16:59 PM

How about telling them you want to move some f the CL to another card?

Maybe...
But wouldn't I have gotten FR'd already with what I wrote above? And if I didn't yet BH, what will prompt them to all of a sudden?