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DansDeals Forum => Credit Cards => Topic started by: levi on May 29, 2008, 09:38:13 AM

Title: Amex F/R Master Thread
Post by: levi on May 29, 2008, 09:38:13 AM
Does anybody have experience with applying for any Amex card and getting approved after a Financial Review? How long to wait before reappling? Do I reopen the cards that i closed down or do I reapply for a new account? or any other helpful information
Title: Re: Amex Financial Review
Post by: Dan on May 29, 2008, 11:20:42 AM
I know people that were able to get approved for new AMEX cards a few months after a F/R when they preemptively closed down their accounts.

The key thing to avoid AMEX F/R's is to keep each card under a 25K credit limit, and try to use under 33% of the credit line on each card.

Same question for Citi and Chase cardholders-have you been able to reopen cards after being shut down?
Title: Re: Amex Financial Review
Post by: AsherO on May 29, 2008, 12:52:14 PM
Does anybody have experience with applying for any Amex card and getting approved after a Financial Review? How long to wait before reappling? Do I reopen the cards that i closed down or do I reapply for a new account? or any other helpful information

After my App-O-Rama back in February of '07 (remember this:http://www.dansdeals.com/archives/1909 (http://www.dansdeals.com/archives/1909)), I had $90,000 credit line between 9 cards (though my utilization was less than 15% on any and all of them combined). I was F/R'd, given the run around etc. etc. I ended up closing all but one card, sent them a dreadful 4506, and then I prayed. Thank heavens I was spared. I was left with 1 card, credit line of nearly $30,000. As an aside, I average 35K/annually on my Amex.

This year, I was approved for a Starwood business  ;D.
Title: Re: Amex Financial Review
Post by: Dan on May 29, 2008, 01:30:48 PM
I've heard that they will also accept bank account statements instead of a tax return.
Title: Re: Amex Financial Review
Post by: levi on May 29, 2008, 01:33:28 PM
I've heard that they will also accept bank account statements instead of a tax return.

Yes they will, confirmed
Title: Re: Amex Financial Review
Post by: d on May 29, 2008, 03:11:05 PM
I've had it done twice. Waited about 4 or 5 months in between and then was able to apply and get approved for new cards. Interestingly I constantly got offers even in those few months for AMEX cards.
Title: Re: Amex Financial Review
Post by: levi on May 29, 2008, 03:36:10 PM
I waited about six months to reapply and got declined i recieved a letter in the mail saying they want some information i just ignored it,  hopefuly i will try again and get approved
Title: Re: Amex Financial Review
Post by: Other Guy on May 29, 2008, 03:40:28 PM
I've had it done twice. Waited about 4 or 5 months in between and then was able to apply and get approved for new cards. Interestingly I constantly got offers even in those few months for AMEX cards.

Offers don't mean anything. You can still be declined when applying.
Title: Re: Amex Financial Review
Post by: levi on May 29, 2008, 03:50:32 PM
Offers don't mean anything. You can still be declined when applying.
even when they say "preoproved"
Title: Re: Amex Financial Review
Post by: AsherO on May 29, 2008, 05:45:22 PM
I've heard that they will also accept bank account statements instead of a tax return.


Not for me, they told me i need to send them a 4506 or my accounts will be closed.

Maybe it depends on the person's mood, the reason your account is under review, or some combination thereof.
Title: Re: Amex Financial Review
Post by: Yitzter on May 29, 2008, 05:49:52 PM
I got F/R'd and I really want to sign up again. I love amex especially the starwoods. I am going to try in a few months and pray for the best.
Title: Re: Amex Financial Review
Post by: Dan on May 29, 2008, 06:12:48 PM
Maybe it depends on the person's mood
This is so true for way too many companies out there today...
Title: Re: Amex Financial Review
Post by: eli123 on May 29, 2008, 11:26:32 PM
THEY HAVE DIFF KINDS OF FINANCIAL REVIEWS SOME TOUGHER THEN OTHER AT TIMES YOU CAN GET AWAY WITH BANK ACCOUNT STATEMENTS AND AT OTHER TIMES ONLY TAX RETURNS AND YOU CAN SCREAM TILL YOU ARE RED IN THE FACE BUT THEY WILL DO NOTHING!!!
Title: Re: Amex Financial Review
Post by: levi on May 29, 2008, 11:37:17 PM
THEY HAVE DIFF KINDS OF FINANCIAL REVIEWS SOME TOUGHER THEN OTHER AT TIMES YOU CAN GET AWAY WITH BANK ACCOUNT STATEMENTS AND AT OTHER TIMES ONLY TAX RETURNS AND YOU CAN SCREAM TILL YOU ARE RED IN THE FACE BUT THEY WILL DO NOTHING!!!
Like Asher said depends on the persons mood. too bad that this is very true in todays day
Title: Re: Amex Financial Review
Post by: Yitzter on May 30, 2008, 02:24:30 AM
They told me I have to fax in tax forms. screw that.
Title: Re: Amex Financial Review
Post by: ash on May 30, 2008, 07:00:14 PM
whats f/r whats the worst  can they do screw up your credit ?
Title: Re: Amex Financial Review
Post by: Yitzter on May 30, 2008, 07:05:34 PM
f/r stands for Financial Review
The worst they can do is cancel your credit card and report to the credit bureau that it was canceled by Credit Card company.
Title: Re: Amex Financial Review
Post by: levi on May 30, 2008, 07:10:09 PM
f/r stands for Financial Review
The worst they can do is cancel your credit card and report to the credit bureau that it was canceled by Credit Card company.
canceled by Credit Card company,  is very bad for your credit
Title: Re: Amex Financial Review
Post by: ash on May 30, 2008, 07:10:26 PM
never happened to me i hope it doesnt
Title: Re: Amex Financial Review
Post by: Yitzter on May 30, 2008, 07:13:51 PM
Yea but you can cancel before they do, so in reality a f/r isn't that bad for your credit. Unless you try being smart and dont tell them to cancel and don't contact them then yes, it will be bad for your credit.
Title: Re: Amex Financial Review
Post by: AsherO on May 30, 2008, 07:46:49 PM
This is so true for way too many companies out there today...

Companies who streamline their operations and work systematically and consistently, tend to succeed.
Title: Re: Amex Financial Review
Post by: yj on June 01, 2008, 07:24:42 PM
I got f/r and was denied when I replied a few months later.
Title: Re: Amex Financial Review
Post by: Yitzter on June 01, 2008, 10:42:58 PM
I got f/r and was denied when I replied a few months later.

Damn, did anyone else get f/r'd and not get accepted. I also got f/r'd and want to re-apply in a couple of months.
Title: Re: Amex Financial Review
Post by: coralsnake on June 02, 2008, 12:13:42 AM
Did anyone get FRed and sent them their tax returns (which matched what they said when they applied) and AMEX was ok with it?

Bottom line- did anyone get FRed and not have their accounts closed?
Title: Re: Amex Financial Review
Post by: whYME on June 02, 2008, 01:54:10 AM
Did anyone get FRed and sent them their tax returns (which matched what they said when they applied)
wrong crowd buddy.

you want to find people on this forum that A. are actually making what they told amex they are, and B. reported the full amount to the IRS?

I wouldn't hold my breath :)
Title: Re: Amex Financial Review
Post by: Yitzter on June 02, 2008, 02:37:57 AM
wrong crowd buddy.

you want to find people on this forum that A. are actually making what they told amex they are, and B. reported the full amount to the IRS?

I wouldn't hold my breath :)

Does anyone actually put down their real income? I don't think so. It's just one of those things that people don't do.
Title: Re: Amex Financial Review
Post by: coralsnake on June 02, 2008, 10:41:20 AM
wrong crowd buddy.

you want to find people on this forum that A. are actually making what they told amex they are, and B. reported the full amount to the IRS?

I wouldn't hold my breath :)
Thats what I figured, but I thought I might ask.
Title: Re: Amex Financial Review
Post by: coralsnake on June 02, 2008, 10:41:54 AM
Does anyone actually put down their real income? I don't think so. It's just one of those things that people don't do.
People that have income and report it do.
Title: Re: Amex Financial Review
Post by: lala on June 02, 2008, 02:51:46 PM
Does anyone actually put down their real income? I don't think so. It's just one of those things that people don't do.

Of course people do....if you would be honest then you have nothing to fear from a FR. I got FR'd and had no problem getting out of it as I was being 100% honest......bottom line is be a good Jew. And I don't mean to say you are not.
Title: Re: Amex Financial Review
Post by: Yitzter on June 02, 2008, 02:57:38 PM
Being a good jew has nothing to do with it. Do you ever churn cards? If you do, thats not jewish either. This has got nothing to do with that.
Title: Re: Amex Financial Review
Post by: coralsnake on June 02, 2008, 03:23:57 PM
Of course people do....if you would be honest then you have nothing to fear from a FR. I got FR'd and had no problem getting out of it as I was being 100% honest......bottom line is be a good Jew. And I don't mean to say you are not.
I knew it.
So there is someone on here who got through a FR successfully!
Title: Re: Amex Financial Review
Post by: lala on June 02, 2008, 03:44:27 PM
Being a good jew has nothing to do with it. Do you ever churn cards? If you do, thats not jewish either. This has got nothing to do with that.

I knew that was a mistake to say, I didn't mean to put you down and Im sorry you took it that way. All I meant was that if you are honest (which you should be -and it wont hurt your application) you can get by an FR easily.

Why is churning cards not honest?
Title: Re: Amex Financial Review
Post by: Avid Reader on June 02, 2008, 11:21:54 PM
Of course people do....if you would be honest then you have nothing to fear from a FR. I got FR'd and had no problem getting out of it as I was being 100% honest......bottom line is be a good Jew. And I don't mean to say you are not.

And your 8 only years old!  :D
Title: Re: Amex Financial Review
Post by: Yitzter on June 02, 2008, 11:28:12 PM
I knew that was a mistake to say, I didn't mean to put you down and Im sorry you took it that way. All I meant was that if you are honest (which you should be -and it wont hurt your application) you can get by an FR easily.

Why is churning cards not honest?

Because the company states that it's a one time bonus, and you are taking advantage of a flaw in the system. Thats being DISHONEST which is kind of like stealing.

When you wait and sign up again the system doesn't realize and gives you another bonus which in reality you shouldn't be getting.
Title: Re: Amex Financial Review
Post by: AsherO on June 03, 2008, 11:57:38 PM
Because the company states that it's a one time bonus, and you are taking advantage of a flaw in the system. Thats being DISHONEST which is kind of like stealing.

When you wait and sign up again the system doesn't realize and gives you another bonus which in reality you shouldn't be getting.

With all due respect, I disagree.

I churned the Starwood card, got a bunch of StarPoint bonuses, a few years later, I applied for a Starwood business Amex (legit, Tax ID and all), I was approved and got the bonus.

For this last bonus, should I call them up and tell them to take the points back?
Noooo....
Why Not?
Because they gave them to me....

I don't think the CC companies are dumb, they have all kinds of promotions to get people to apply for accounts. They reserve the right to limit some of those promotions, and sometimes the excercise that right, but if the beancounters let it fly, rest assured it's in their best interests.
Title: Re: Amex Financial Review
Post by: ash on June 04, 2008, 02:14:32 AM
i agree
they definitly make alot of money from people like us so even if we play a game its one that they put out there and they have the potential to make allot of money from us
Title: Re: Amex Financial Review
Post by: Yitzter on June 04, 2008, 05:39:44 AM
With all due respect, I disagree.

I churned the Starwood card, got a bunch of StarPoint bonuses, a few years later, I applied for a Starwood business Amex (legit, Tax ID and all), I was approved and got the bonus.

For this last bonus, should I call them up and tell them to take the point back?
Noooo....
Why Not?
Because they gave them to me....

I don't think the CC companies are dumb, they have all kinds of promotions to get people to apply for accounts. They reserve the right to limit some of those promotions, and sometimes the excercise that right, but if the beancounters let it fly, rest assured it's in their best interests.
i agree
they definitly make alot of money from people like us so even if we play a game its one that they put out there and they have the potential to make allot of money from us

Ok, I hear what you guys are saying. I am just trying to say that normal and regular people don't sign up/cancel/signup etc.

The idea is, you are getting something without paying for it. My point was that they say clearly that it's a one time bonus. Many people were denied the 2x bonus on the starwoods card, it just so happened to be that they looked into that account.

The reason why people are getting 2x is because they can't check every account and the system passes it. I don't think they are "Making money" off people when they churn cards repeatedly, and get thousands of extra points.

I don't think they "let it pass". They just don't have the manpower to stop it.

The fact that you know that it's stated that it's a one time bonus and still trying to get it twice, is being a little dishonest. I'm not perfect and have done the same.

If you guys remember I was actually arguing with someone who said that we should be good jews and not lie. Anyway it is way past my bed time.

Take care everyone.
Title: Re: Amex Financial Review
Post by: travelguy on June 04, 2008, 09:36:06 AM
I and my wife got FR'd at the same time.  We each had strawood cons and bus cards, gold  card, and Hilton card.  We let them have our tax return, and we had no problem afterwards.
Title: Re: Amex Financial Review
Post by: AsherO on June 04, 2008, 09:45:17 AM
Yitzter,

if I had to guess, their systems are automated (it would me a huge waste of manpower to manually each account). The same system that loops through every account and posts the bonus can surely be programmed to check if the same person (SSN?) already received the bonus.

P.s. The mobile version of the forums is great, but I can't quote...
Title: Re: Amex Financial Review
Post by: Yitzter on June 06, 2008, 03:19:11 AM
Yitzter,

if I had to guess, their systems are automated (it would me a huge waste of manpower to manually each account). The same system that loops through every account and posts the bonus can surely be programmed to check if the same person (SSN?) already received the bonus.

P.s. The mobile version of the forums is great, but I can't quote...

Listen, the reality is, you aren't supposed to get them. Why people do, I don't know, but your not. So by you doing it, it's kind of being dishonest.
Title: Re: Amex Financial Review
Post by: Dan on June 06, 2008, 03:49:14 PM
Because the company states that it's a one time bonus, and you are taking advantage of a flaw in the system. Thats being DISHONEST which is kind of like stealing.

When you wait and sign up again the system doesn't realize and gives you another bonus which in reality you shouldn't be getting.

I strongly disagree.


You are absolutely allowed to open up multiple credit cards of the same branding. The fact that they give you the signup bonus each time you open another card is a totally moot point.  If they didn't want to give signup bonuses multiple times they would have better systems in place not to allow it, or not to allow people to open the same card more than once.

There's nothing remotely dishonest (and obviously not stealing!) about having 2 Starwood or AA cards.
Title: Re: Amex Financial Review
Post by: levi on June 06, 2008, 05:15:43 PM
There's nothing remotely dishonest (and obviously not stealing!) about having 2 Starwood or AA cards.
How about a few hundred cards? ;D
Title: Re: Amex Financial Review
Post by: Dan on June 06, 2008, 08:05:10 PM
How about a few hundred cards? ;D
Unless I missed the memo that stated the limits of the number of credit cards one can open, I don't see what the issue is here.
Title: Re: Amex Financial Review
Post by: Yitzter on June 08, 2008, 04:54:07 AM
I strongly disagree.


You are absolutely allowed to open up multiple credit cards of the same branding. The fact that they give you the signup bonus each time you open another card is a totally moot point.  If they didn't want to give signup bonuses multiple times they would have better systems in place not to allow it, or not to allow people to open the same card more than once.

There's nothing remotely dishonest (and obviously not stealing!) about having 2 Starwood or AA cards.

Good point. Your are right.
Title: Re: Amex Financial Review
Post by: Eli on June 08, 2008, 11:36:13 AM
I agree with what most of the ppl are saying here. If a company allows it, you can do it. If they were so Makpid, they would make sure not to allow it. What happens when Cingular tells you "ok sir, this is a one time credit and you cannot get another courtesy credit for 12 months", and you call the next day and get more credit. It is their responsibility to realize that you are not entitled to it, but they don't, so Kol Hakovod, take advantage. It's like taking advantage of Nordstrom's return policy (please don't let this thread start a Nordstrom discussion). They allow returns no matter what, no matter when, as long as you have the receipt, and many times even when you don't have the receipt. People tell me it's a Chillul H to do it but I don't see how it could be if I'm just taking advantage of their policy.

Either way, I think we should all get off the subject of whether what we are doing is Halachically and morally right or wrong. Everyone has their own views of things, and everyone will have to give a Din V'Cheshbon for what they do. We all know that. So live and let live and don't bother people about what they are doing.
Title: Re: Amex Financial Review
Post by: Yitzter on June 11, 2008, 03:38:07 AM
I agree with what most of the ppl are saying here. If a company allows it, you can do it. If they were so Makpid, they would make sure not to allow it. What happens when Cingular tells you "ok sir, this is a one time credit and you cannot get another courtesy credit for 12 months", and you call the next day and get more credit. It is their responsibility to realize that you are not entitled to it, but they don't, so Kol Hakovod, take advantage. It's like taking advantage of Nordstrom's return policy (please don't let this thread start a Nordstrom discussion). They allow returns no matter what, no matter when, as long as you have the receipt, and many times even when you don't have the receipt. People tell me it's a Chillul H to do it but I don't see how it could be if I'm just taking advantage of their policy.

Either way, I think we should all get off the subject of whether what we are doing is Halachically and morally right or wrong. Everyone has their own views of things, and everyone will have to give a Din V'Cheshbon for what they do. We all know that. So live and let live and don't bother people about what they are doing.
Good point too, you are also right.
Title: Re: Amex Financial Review
Post by: lala on June 15, 2008, 08:45:51 PM
Because the company states that it's a one time bonus, and you are taking advantage of a flaw in the system. Thats being DISHONEST which is kind of like stealing.

When you wait and sign up again the system doesn't realize and gives you another bonus which in reality you shouldn't be getting.

Totally false. Do you really think that the credit card companies have a flawed sytem? They know people do things like this all the time.
Title: Re: Amex Financial Review
Post by: coralsnake on June 16, 2008, 05:10:32 PM
Good point too, you are also right.
Not everyone can be correct at the same time.

Nor do we need a post each time to tell everyone how 'right' they are.
Title: Re: Amex Financial Review
Post by: Yitzter on June 16, 2008, 09:52:06 PM
Not everyone can be correct at the same time.

Nor do we need a post each time to tell everyone how 'right' they are.
Why not, I am just agreeing with the post. Those people brought down some very valid points, and I think it's right of me to tell them what I think.
Title: Re: Amex Financial Review
Post by: D.S. on June 17, 2008, 02:17:47 AM
I had the same problem.  I preemptively closed all 3 of my AmEx cards once I got word of my financial review.  I assume that my Starwoods and Delta points are all safe in their respective accounts.  But I had also just beforehand signed up for that AmEx business gold card, with the 25,000 point bonus.  Are those lost altogether?
Title: Re: Amex Financial Review
Post by: levi on June 17, 2008, 02:19:13 AM
I had the same problem.  I preemptively closed all 3 of my AmEx cards once I got word of my financial review.  I assume that my Starwoods and Delta points are all safe in their respective accounts.  But I had also just beforehand signed up for that AmEx business gold card, with the 25,000 point bonus.  Are those lost altogether?
Did you make a purchase on the card?
Title: Re: Amex Financial Review
Post by: Smirk on June 17, 2008, 03:32:04 AM
Can somebody define churn and how to do it (or a link that explains it)?
Title: Re: Amex Financial Review
Post by: Avid Reader on June 17, 2008, 11:39:17 AM
Can somebody define churn and how to do it (or a link that explains it)?

Signing up for a service like a cell phone, internet service, or credit card, to get the sign-up benefits and then cancel the service when the benefits are gone. Then sign up again, and cancel again etc..
Title: Re: Amex Financial Review
Post by: Mendel on June 17, 2008, 03:36:10 PM
Can somebody define churn and how to do it (or a link that explains it)?

http://en.wikipedia.org/wiki/Churn_rate
Title: Re: Amex Financial Review
Post by: E on June 17, 2008, 03:44:05 PM
http://en.wikipedia.org/wiki/Churn_rate
this is the churn rate which is a measure of the number of individuals or items moving into or out of a collection over a specific period of time. not the churning everyone is referring to
Title: Re: Amex Financial Review
Post by: Mendel on June 17, 2008, 05:27:16 PM
this is the churn rate which is a measure of the number of individuals or items moving into or out of a collection over a specific period of time. not the churning everyone is referring to

the link was just a joke...
Title: Re: Amex Financial Review
Post by: Avid Reader on June 19, 2008, 11:39:06 AM
I got a call from Amex today they left a message on my voicmail to call them back and gave me an extension. I called back and it was the Financial Review team. Just what I suspected. I hung up. I looked up my accounts online and they all have the charging privileges suspended. :-[

Just wondering what the process is from here. Do they send me a letter in the mail or if I don't call back they will just close my accounts. I don't want to preemptively close my accounts yet as I'm still waiting for a starwood bonus to post. Also perhaps there is a chance I can send them bank statements or something and pass. Any advice would be appreciated.

BTW, I never used close to 25% and any card and I dont have any cards that are 25K and over.
Title: Re: Amex Financial Review
Post by: coralsnake on June 19, 2008, 06:12:15 PM
I got a call from Amex today they left a message on my voicmail to call them back and gave me an extension. I called back and it was the Financial Review team. Just what I suspected. I hung up. I looked up my accounts online and they all have the charging privileges suspended. :-[

Just wondering what the process is from here. Do they send me a letter in the mail or if I don't call back they will just close my accounts. I don't want to preemptively close my accounts yet as I'm still waiting for a starwood bonus to post. Also perhaps there is a chance I can send them bank statements or something and pass. Any advice would be appreciated.

BTW, I never used close to 25% and any card and I dont have any cards that are 25K and over.
The first question is- Did you state your actual income on your Amex card application?Also - do you carry any balances on your Amex cards?
Have you had any late payments?
Title: Re: Amex Financial Review
Post by: Avid Reader on June 19, 2008, 08:48:28 PM
The first question is- Did you state your actual income on your Amex card application?Also - do you carry any balances on your Amex cards?
Have you had any late payments?

Actual income , no. If I did I wouldn't be worried. Never a late payment to anyone B"H. Yes I carry balances. In fact I made purchases totaling over 4k this month on one amex card, paid off 2k before any payment was even due. I have 3 cards.
Title: Re: Amex Financial Review
Post by: stevenk on June 26, 2008, 03:45:23 PM
I have a Starwood gold card with a credit limit of 45,000. Ive never used over 15,000 monthly and spend annually 60,000. Should I have them reduce my limit to 20,000? Also I have an extra card for my wife (for the 25,000 bonus) should I cancel it since I got the bonus already?
Title: Re: Amex Financial Review
Post by: D.S. on June 29, 2008, 03:00:53 AM
Levi - Yes, I believe I did make a purchase with it.
Title: Re: Amex Financial Review
Post by: aaa on June 30, 2008, 12:14:35 AM
Yes they will, confirmed

Levi what does that mean? That if I have a few dollars in the bank they will be like ok we will reinstate your account? How are you confirming this?
Title: Re: Amex Financial Review
Post by: levi on July 03, 2008, 11:08:53 AM
Levi what does that mean? That if I have a few dollars in the bank they will be like ok we will reinstate your account? How are you confirming this?
If you can prove to them that you make X amount of money and that you can afford to spend the money that raised the F/R then they will have no problem
Title: Re: Amex Financial Review
Post by: levi on July 16, 2008, 10:34:01 AM
Anybody have any luck reapplying recently?
Title: Re: Amex Financial Review
Post by: aaa on July 17, 2008, 01:02:54 AM
Levi when you get back I will teach you how to get around this. Maybe.
Title: Re: Amex Financial Review
Post by: Aussie on July 24, 2008, 03:54:01 AM
Do they just want to see that you have money in the bank, or do they want to see monthly 'deposits' that match your 'income'?
Title: Re: Amex Financial Review
Post by: levi on August 27, 2008, 12:23:48 AM
Great News!!!

So its been almost a year since I had to close all my Amex cards due to a F/R I have tried a couple of times since then to apply and each time they were requesting alot of information that I was unable to provide (Bank Statements, IRS tax forms....) Last week I made up my mind that I'm going to get to the bottom of this and somehow have my application approved because we all know that the Starwwods card is an amazing card.

So here is where it starts I was on the phone with the Platinum Conceirge from SPG making some hotel reservations and at the end of the call the agent started to metion to me some special promotions they are running for Platinum member that sighn up for the Starwoods card 1) 15,000 point sign up bonus 2) double starpoints on any purchase for the fist 45 days. I said to myself lets try this all over again and I told her that I'm interested and she went ahead and transfered me to the department that takes my application. I went ahead and applied and about a week later I received the same letter that I received in the past that Amex is requesting that I provide them with some more info 1) letter from an accountant or atterny verifing my address, social security number, and emploment information. 2) copy of my tax return and some other IRS form. So i call up Amex new accounts departments and one call after another spaeaking with supervisors I am being told the same thing that nothing will be done unless they have all the information the requested from me. I asked one of the supervisors if I can speak with her supervisor and she said that there is noone above her available to talk to but I can leave my number and request for a Sr supervisor to call me so I did.

Today I got a call from a Sr supervisor who seemed to be very nice so I said to her "lets be honest here none of the information that is being requested will be sent in because I have 3 different addreses and  I am a full time student with no income" on the application I wrote X amount of money for household income and I explained to her that my parents pay all my bills and that I have the Amex Platinum through my fathers account and I just want a way for me to earn starpoints every month so i kept on telling her that I am a fulltime student and there is no way I can provide them will all the information they want. anyways to make a long story short she said that is a good thing that I requested a call from her and that its a good thing that I explainded to her my situation and therefore she overrode the system and manually approved my application :) :)

p.s. She gave me all her contact info and said if I ever need anything here is my direct number and my email address ;D
p.s. I pay all my own bills ;D and I've been out of Yeshiva working for over two years now ;D
p.s. I have very bad spelling so please dont even start with the spelling mistakes :)
p.s. This is the most I've ever typed at once on a computer :)
Title: Re: Amex Financial Review
Post by: Avid Reader on August 27, 2008, 01:11:43 AM
Levi, Congratulations! This just goes to show what (more then) a bit of trying can do.
Title: Re: Amex Financial Review
Post by: Charles The Govenor on August 27, 2008, 01:21:15 AM
Levi no kidding im not surprised at all if there would be anyone that could pull it off id think that it would be you and you did.
Title: Re: Amex Financial Review
Post by: AsherO on August 27, 2008, 02:47:39 AM
Impressive :-)
Title: Re: Amex Financial Review
Post by: levi on August 29, 2008, 03:51:16 AM
It gets even better for some reason I was only opproved for a credit line of $1000 so I asked the supervisor to higher my limit and she said that within the first 60 days she has no control but after 60 days she will up it to whatever I want which is great but then I told her that I wont be able to take atvantage of the double points promo for the first 45 days because my limit is too low she said that she will extend the double points promo to 6 MONTHS!!!
Title: Re: Amex Financial Review
Post by: Charles The Govenor on August 29, 2008, 04:16:06 AM
Wow!
Title: Re: Amex Financial Review
Post by: AsherO on August 29, 2008, 04:19:17 PM
Now all you have to do is post her contact information :-)
Title: Re: Amex Financial Review
Post by: Aussie on September 24, 2008, 12:18:47 AM
Now all you have to do is post her contact information :-)

LOL
Title: Re: Amex Financial Review
Post by: Eli on February 25, 2009, 04:48:32 PM
This topic hasn't been touched for a while, but I just wanted to mention that I just got finished with an F\R. They shut down my 4 accounts with credit limits totaling over $25,000. I asked nicely that if they plan on closing down any of my accounts they should let me know first so I can close them myself and they said "fine". I sent in my tax forms and about 10 different bank statements showing some nice money in each of them. The supervisor was the one who told me to fax in the bank statements, but when it came down to it, the lady who was actually doing the FR said the bank statements don't matter and it was a waste of time to send them in. I also sent a whole letter explaining that I am a full-time student being supported by my parents and that didn't seem to do much either.

At the end of the day, they reinstated all my cards with much lower credit limits. One card that had a $15,000 credit limit that I used about $1,500 a month now has a $1,000 limit. They said I should call back in a few months to higher the limit on the cards. I guess I did not have a problem because I actually had filed taxes the year before although the amount I made was about $100,000 less than I reported :)
Title: Re: Amex Financial Review
Post by: PAShliach on February 25, 2009, 09:32:01 PM
Hi,

1. I had over 100k in credit available. FR'd. I canceled all my cards, and then reapplied 6 months later, 12 month later, etc. No go.
2. Finally, i decided to send in my tax info. Really they jsut wanted this form signed and applied for teh starwood. Got approved for 18,500.
3. The way i read it is a "one time" bonus per account, not per person.
4. Great forum.

Peace
Title: Re: Amex Financial Review
Post by: aaa on June 02, 2009, 02:45:33 PM
Just passed my 2nd financial review (in 2 years) with amex. Was a very painless and quick process this time. Just gave them my tax info and within a couple days my account was good to go.

I even got approved right afterwards for a CL increase from 9.5k to 18k. I figured that when I asked for the new limit I should keep it at less than doubling the original credit limit. I only have one amex card at this time, so not sure how flexible amex is these days with CLs. I know it used to be very easy to get 25k+. Anyone here able to comment? How large is your CL and whats your monthly spending and credit score?

Thanks
Title: Re: Amex Financial Review
Post by: Mikeoracle on June 02, 2009, 03:39:28 PM
They FR'ed you twice and you only had 1 card with a 9.5K CL? Why would they do that? I thought they only FR if you have very high CL or alot of cards....

As far as CL's go, lately that have been approving new signups for very small CL's compared to what they did less than a year ago. I know a few guys who I recently referred to the SPG amex and they only got approved for 3-5K or maybe a little more, 1 guy even canceled another amex with 20K or so CL before he applied but that didnt help at all.
Last August I know of a few very high CL's that were approved (20-35K) no problem.
Title: Re: Amex Financial Review
Post by: aaa on June 03, 2009, 04:48:44 PM
Actually had 100k of credit with about 80k being used. They closed all accounts except for one. Now they did it because I had some strange and large transactions on the card.

Title: Financial Review
Post by: daganster on December 20, 2009, 11:22:20 AM
My wife and I, whom have different last names, just got flaged.
They froze our accounts and we are under "Financial Review".
Any ideas? suggestions?

Avi
Title: Re: Financial Review
Post by: MOSES on December 20, 2009, 11:31:08 AM
My wife and I, whom have different last names, just got flaged.
They froze our accounts and we are under "Financial Review".
Any ideas? suggestions?

Avi
pray!
Title: Re: Financial Review
Post by: steve2 on December 20, 2009, 12:28:41 PM
My wife and I, whom have different last names, just got flaged.
They froze our accounts and we are under "Financial Review".
Any ideas? suggestions?

Avi

 well if you made everything up then Pray very Hard! especially if you are young

 If all the info you put down was legit then worse comes to worse they will simply ask you to send in copies of whatever it is that is bothering them so they will know all is OK. eg you put down you make $125.000 they will want you to send in copies of your pay stubs, you dont work then most likely they will Close your accts
Title: Re: Financial Review
Post by: steve2 on December 20, 2009, 12:31:18 PM
My wife and I, whom have different last names, just got flaged.
They froze our accounts and we are under "Financial Review".
Any ideas? suggestions?


 its not a good idea to post the samething in more then 1 Forum.
Title: Re: Financial Review
Post by: SuperFlyer on December 20, 2009, 05:06:07 PM
its not a good idea to post the samething in more then 1 Forum.

The guy is in trouble and stressed, give him a break.

Please send me all the details in PM and I'll try to check it out.
I know of a pro...
Title: Re: Financial Review
Post by: Dan on December 20, 2009, 06:25:21 PM
My wife and I, whom have different last names, just got flaged.
They froze our accounts and we are under "Financial Review".
Any ideas? suggestions?

Do you guys make money/pay taxes or not?
Title: Re: Financial Review
Post by: steve2 on December 20, 2009, 07:05:17 PM
The guy is in trouble and stressed, give him a break.

Please send me all the details in PM and I'll try to check it out.
I know of a pro...

 what are you talking about? Worse case whatever Institution they are dealing with will Close up their CCs. Its happened to numerous people. I suggested to a friend to simply open up a Savings and Checking acct at a Bank and get their CC and sit tight and things will be OK. They did that ayr ago and are back to getting CC apps in the mail once again

 The cops arent gonna be stopping by the guys house and hauling them off. It just means having to earn different type of Rewards for a while if that institution does Close them down.

 I applied for a special DL CC and Amex hit me with wanting me to provide them with certain proof of some things. I didnt send anything in and didnt get the CC and still get email about applying for a DL CC a different 1 and other Amex CCs
Title: Re: Financial Review
Post by: SuperFlyer on December 20, 2009, 07:47:56 PM
good for you,

I know people who have been stripped completely, and others worse.....
Title: Re: Financial Review
Post by: steve2 on December 20, 2009, 08:36:46 PM
good for you,

I know people who have been stripped completely, and others worse.....

 remind me to send you a Medal

 I guess those that you know had problems werent on the up & up to begin with, otherwise if everything was true they either would have been OK or that Institution would simply have closed their accts with them but wouldnt have been gunning after them
Title: Re: Financial Review
Post by: Charles The Govenor on December 21, 2009, 01:51:45 AM
good for you,

I know people who have been stripped completely, and others worse.....
What worse?
Title: Re: Financial Review
Post by: SuperFlyer on December 21, 2009, 01:14:28 PM
One travel agent was selling tickets to those "organ laundering or whatever" guys.

this travel agent was all legit, but because they (feds) decided to connect them both in the meantime, he has almost a year 600k frozen (thats al he has got), all his personal accounts frozen, and if he wouldnt have an excellent lawyer, he'd been in jail as preventive measure or so....
Title: Re: Financial Review
Post by: Charles The Govenor on December 21, 2009, 01:33:31 PM
Wow that is insane!
Title: Re: Financial Review
Post by: steve2 on December 21, 2009, 01:47:14 PM
One travel agent was selling tickets to those "organ laundering or whatever" guys.

this travel agent was all legit, but because they (feds) decided to connect them both in the meantime, he has almost a year 600k frozen (thats al he has got), all his personal accounts frozen, and if he wouldnt have an excellent lawyer, he'd been in jail as preventive measure or so....

 Id imagine they would do the same had that TA been involved with people selling drugs or washing $$$.

Its a criminal investigation and not what  I assume the OP ran into. Unless the OPs real name popped up on some CIA or FBI list, not that they were involved but other people with the same name were
Title: Re: Financial Review
Post by: jack on December 21, 2009, 01:51:58 PM
had a financial review and told them I'm too busy too send in paperwork.  They cut my credit from 35,000 to 25,000 the next month I used my chase and only charged about 1000 to my amex end of the month I noticed my credit limit was back to 36,000.

I got a review after I ordered a charge card which I ended up canceling so that can be a reason.
Title: Re: Financial Review
Post by: steve2 on December 21, 2009, 01:52:46 PM
Wow that is insane!

 why if the guy was involved I dont blame them for doing it. And it does take time for them to sort it all out

 Lets assume the TA had no idea what so ever what was going on, I agree they got the very short end of it all, but I understand the Feds for doing what they did. There just should be a way for them to either clear the person and remove all the closures or charge him. But in such an investagation they are looking to pull in all they think are involved.

Again not an everyday FR but any means
Title: Re: Financial Review
Post by: SuperFlyer on December 21, 2009, 01:59:42 PM
The Ta was not involved I know him personally.

Once cases go way above the regular judges pay grade, anything can happen...

At those levels they do exactly as it pleases them.
Title: Re: Financial Review
Post by: steve2 on December 21, 2009, 02:21:40 PM
The Ta was not involved I know him personally.

Once cases go way above the regular judges pay grade, anything can happen...

At those levels they do exactly as it pleases them.

 I didnt say the TA was Guilty I dont even know his/her name. Reread my post before yours.
I said I understood why the Feds would do what they did thinking that the TA might have been involved and were simply trying to cover their you know what and prevent the person from being able to skip town if in fact they were a part of it.

 that said I still cant believe that the guy who ratted out The Spinker in LA did so. I know who he is and that taught me that anyone is very capable of doing anything to save themselves or make a buck. Its just when it comes to having to sit most people will do whatever in order not to do the Time. RK was a pillar of the LA community and people there till this day still cant believe he did what he did. No different then people still cant believe how Dweck took down The Rabbis of his Community (SY). or that guy who had the butcher store in Monsey that was selling everyone Tiraf for all those yrs but the guy was an hoest and Respectable person in the Monsey Community

 again I dont know the TA but plenty of people knew the 3 I mentioned above and would have sworn the news and Feds were 1000% wrong, they werent in those cases.I dont know if they are or not in this case
Title: Re: Financial Review
Post by: SuperFlyer on December 21, 2009, 02:39:15 PM
try to write shorter, your posts take too long to read for the info they contain.

the weird part is the member name, and the fact that what seem so important, he didnt bother to reply to it...

maybe a trap?

for me this discussion topic is closed.
Title: Re: Financial Review
Post by: steve2 on December 21, 2009, 02:57:27 PM
try to write shorter, your posts take too long to read for the info they contain.

the weird part is the member name, and the fact that what seem so important, he didnt bother to reply to it...

maybe a trap?

for me this discussion topic is closed.

 Do 1 better, simply skip and dont read whatever it is I post
Title: Re: Financial Review
Post by: al613 on December 21, 2009, 03:51:43 PM
I've been there (and seen it few times)

1. Transfer all points you might have with Amex
2. Call Amex (or better email) and close ALL accounts with them (should state: closed by customer)
3. 60-90 days later apply for whatever Amex cards you want - if your credit/ income are fine you will get it without any extra verification
4. Enjoy your new bounses  ;D
Title: Re: Financial Review
Post by: daganster on December 21, 2009, 09:18:37 PM
Sorry for posting it in two different places. I am new to this Forum and was not sure were to post it.
Title: Re: Financial Review
Post by: daganster on December 23, 2009, 02:35:19 PM
I canceled two cards, since it would be difficult to prove my income, and I'm left with the Gold Amex.
On the other hand, my wife, whom still has 3 Credit Cards with Amex, could prove her income it's just a pain in the rear end.
any suggestions, ideas, comments please let me know; I'm not sure if I should just close them all or maybe fight.
Title: Re: Financial Review
Post by: al613 on December 23, 2009, 02:39:47 PM
No points to fight. you will probably loose either by loosing the accounts or having credit lines reduced. Both reflect negativly on your credit score. Also, if Amex closes your accounts and not you, you might not be able to open new Amex for a year or two or more. When you close yourself, no blackmarks anywhere and in couple month you can be deriable new customer.
Title: Re: Financial Review
Post by: bens on December 23, 2009, 06:06:47 PM
I got my wife through the financial review with ease... It all depends on what flagged your account and how you deal with them.

They dont want to hear you arguing how you make $500,000 but have no documents to prove it.... just be honest nad say you made a mistake in your app.

In my wife's case she applied for a business starwood and wrote she earns $150,000....

I told them its a brand new business, she just graduated school and has no tax returns, or any of the other paperwork on anything. they said "OK fax in a copy of your bank statement" I said it will only show a balance of $4,000, they said it was fine.

done deal!
Title: Re: Financial Review
Post by: al613 on December 23, 2009, 08:31:22 PM
I also have a friend who said that he just came from overseas, no W2 for last few years etc. They have limited his "no limit" Gold Amex to $700 credit a month and let him have it. Can work, but risky.
Title: Re: Financial Review
Post by: mancunian on December 24, 2009, 01:35:59 AM
is there a reason no one posted this link? http://www.dansdeals.com/archives/2537

They dont want to hear you arguing how you make $500,000 but have no documents to prove it.... just be honest nad say you made a mistake in your app.

thats real honest :)
Title: Re: Financial Review
Post by: steve2 on December 24, 2009, 09:20:54 AM


They dont want to hear you arguing how you make $500,000 but have no documents to prove it.... just be honest nad say you made a mistake in your app.

In my wife's case she applied for a business starwood and wrote she earns $150,000....


 Thats part of the problem although there are those right out of school that do get very nice 6 figure jobs, most dont and that triggers the Red Flag that things arent on the up & up. A yr ago or so it wouldnt have mattered
Title: Re: Financial Review
Post by: bens on December 24, 2009, 10:22:57 AM
is there a reason no one posted this link? http://www.dansdeals.com/archives/2537

thats real honest :)

Dans post is about how to avoid the review, this thread is about what if it happened already!

Although Dan says to close you AMEX account, my experience showed me that it can be easy to fight.

Everyone has different financial situations, depending on your situation, you can decide to fight or not. 
Title: Re: Financial Review
Post by: al613 on December 24, 2009, 01:02:30 PM
Dans post is about how to avoid the review, this thread is about what if it happened already!
Although Dan says to close you AMEX account, my experience showed me that it can be easy to fight.
Everyone has different financial situations, depending on your situation, you can decide to fight or not. 

Dan's post is completly correct and current. There is only one reason you should fight it - if your credit is so bad, that you would not get new Amex in couple month. Otherwise, it's not worth the risk of blackmark on your credit report.
Title: Re: Financial Review
Post by: daganster on December 24, 2009, 04:18:09 PM
I closed all of my accounts thus I'm going to close my wife's accounts.
Just approved for my third chase CC with a 25,000 credit line.
Title: Re: Financial Review
Post by: flyer11204 on December 26, 2009, 10:55:39 PM
the best lie is thr truth! send in the tax fourms ad they'll give you a small limit
Title: Re: Financial Review
Post by: daganster on January 17, 2010, 01:14:00 PM
I closed my amex accounts proceeding a Financial review.
Does anyone know how long do I have to wait in order to reapply for an amex?
Title: Re: Financial Review
Post by: Dan on January 17, 2010, 03:31:52 PM
I closed my amex accounts proceeding a Financial review.
Does anyone know how long do I have to wait in order to reapply for an amex?
Try after a few months.
Title: Avoiding AMEX F/R?
Post by: txtmax4 on February 04, 2010, 12:08:20 AM
Hey Dan,

On August 12th, 2007 under the topic "American Express Financial Review-What Is It And How To Avoid It…" you wrote:

-NEVER utilize over 50% of the credit line of any of your AMEX cards.
If you have a Starwood card with a $10,000 limit, never have a balance of over $4,999, even if you pay it off every month on time.

My question #1 is:
What about if you use more than 50% of your CL and pay it off before the statement closes?
-----------------------------------------------------------------------------------------------------------------------------------

You also wrote:

What if you do get hit with a financial review?
Immediately call up AMEX and ask to close down every one of your accounts.

My question #2 is:

In my case, I requested a CL increase from 12K to 36K and was told that I won't get approved for the CL increase (or for that matter, any other CL increase requests) until I send back those papers, from that I understood, that (hopefully) they won't bother me as long as I don't try to higher my CL. So technically I'm FR'd but only for credit limit increase...
Now, in the event that they do go after me even without me pursuing the CL increase will I have a chance THEN to close down my account?
Or once they freeze my acct. I can no longer close it myself?

Thanks so much for all your help.
Title: Re: Question for Dan
Post by: Cholentfresser on February 04, 2010, 12:23:02 AM
Why would you name your post "Question for Dan"? why don't you mention what you're talking about in the subject?
Also, there are many people out there on the forum with a ton of knowledge in credit cards etc., i'm sure someone can help you aside from Dan. Dan is a busy person... (if Dan wants to answer, he'll chose to.)
 ;) ;) ;) ;)
Title: Re: Questions for Dan
Post by: txtmax4 on February 04, 2010, 12:42:07 AM
I only trust dan
Title: Re: Questions for Dan
Post by: Cholentfresser on February 04, 2010, 12:51:14 AM
I only trust dan
if you write "a question for dan", no one will try to answer your questions. Dan might answer if he has a chance.
if you don't write "a question for dan", people will try to help you. Dan might just be the one, if he has a chance...

Whatever floats your boat...
Title: Re: Questions for Dan
Post by: moish on February 04, 2010, 04:26:32 AM
I only trust dan
awwww.... so touching
Title: Re: Questions for Dan
Post by: Dan on February 04, 2010, 11:03:40 AM
I only trust dan
awwww.... so touching
You guys are too funny  :D

There are plenty of qualified people on this forum to answer questions, no need to call me out, lol.

If your credit limit is $10,000 I would recommend paying off the credit card multiple times per month so that you are never actually over 50%.  But you should also not prepay so that you have a large prepayment credit.

Asking for financial info to get a CL increase is not the same as a F/R.  You'll still have a chance to close down the accounts yourself if you are FR'ed.
Title: Re: Questions for Dan
Post by: Cholentfresser on February 04, 2010, 11:24:52 AM
You guys are too funny  :D

There are plenty of qualified people on this forum to answer questions, no need to call me out, lol.

ahhah
Title: Re: Questions for Dan
Post by: SuperFlyer on February 04, 2010, 01:17:37 PM
ahhah

Apparently (from good source), logging in online very often to check your statement/balance with amex isn't a good thing, as they keep track of it (no the customer support don't know about it), but it shows to them that you are nervous about it.
Title: Re: Questions for Dan
Post by: argo on February 04, 2010, 03:01:29 PM
Are you serious?
Title: Re: Questions for Dan
Post by: mordys on February 04, 2010, 06:30:09 PM
Apparently (from good source), logging in online very often to check your statement/balance with amex isn't a good thing, as they keep track of it (no the customer support don't know about it), but it shows to them that you are nervous about it.

That's very hard to believe.
Especially becuase there are many sites (I.e. Yodlee) that you put in your log in info and check your account automaticlly daily.
Title: Re: Avoiding AMEX F/R Questions
Post by: Dan on February 04, 2010, 06:48:50 PM
That's very hard to believe.
Especially becuase there are many sites (I.e. Yodlee) that you put in your log in info and check your account automaticlly daily.
+1.
What the good source?

Title: Re: Avoiding AMEX F/R Questions
Post by: SuperFlyer on February 04, 2010, 06:54:43 PM
+1.
What the good source?



The good source is a very senior supervisor by amex. Im not going onto more details, as errhhhmm he helps me a lot.

It is only applicable to the USA Amex, and according to his info, more and more credit card companies start working with lots of factors, with which they base reports and queries on, to detect accounts at risk.

Its not because your account is being checked automatically by some site that it doesnt count.

i wasnt talking about the IP, just about the fact that people who check "too" often their account, might be up to something.

Im sure they combine it with different checks to get a picture.

Today they are very much based on statistics to prevent fraud.
Title: Is it possible to get fr'ed twice?
Post by: moish on February 07, 2010, 02:15:15 PM
a few years ago when i got fr'ed for my two amexes, i somehow finagled my way out of it. im looking to now open a third but concerned that i might not be able to get out again in the event they fr me. does anyone know how their policy works? if i passed once am i good for life?
Title: Re: Is it possible to get fr'ed twice?
Post by: SuperFlyer on February 07, 2010, 02:25:02 PM
normally yes, as they are all interconnected, even from different countries
Title: Re: Is it possible to get fr'ed twice?
Post by: moish on February 07, 2010, 02:30:30 PM
what does different countries have to do with anything? as far as them being connected, im not sure what that has to do with it. basically id like to know if a new reason for them to fr me comes up, namely opening another card (and with that my total cl goes up) do they look at the past and see that i once passed or do they look at each instance separately?
Title: Re: Is it possible to get fr'ed twice?
Post by: SuperFlyer on February 07, 2010, 02:37:04 PM
leave 6 month in between, if you want to be sure.

Im not american so im not sure of all the roshe teyvos.  "fr" means fried, frozen or something else?
Title: Re: Is it possible to get fr'ed twice?
Post by: moish on February 07, 2010, 02:45:44 PM
financial review
Title: Re: Is it possible to get fr'ed twice?
Post by: SuperFlyer on February 07, 2010, 04:15:45 PM
my answer is still correct.
Title: Re: Financial Review
Post by: Mikeoracle on February 21, 2010, 01:02:10 AM
Hi,
I need some advice/guidance on how to proceed. I got a call at home and on my cell this weekend from Amex and the rep left a message for me to call her back to discuss an important business matter and this was not a solicitation etc... I went to my account online and there is a message that "Charging suspended. Please call 1-800-678-0738 if we haven't already spoken with you".
Before I call back I want to prepare myself with as much info and guidance on what to expect and what are the right things to say. Here are my credit details and usage;
I have 3 personal cards and 1 Business card (all credit-none are charge cards) total credit is about $70K
I applied with REAL income numbers and have the tax returns to back that up
The red flag probably was that I use a very high percentage of my credit every month- sometimes up to $60K or so but my problem is that the bulk of the charges are not my personal charges but a friends business charges and he pays my card direct from his bank account.

What would be the best way to explain my big charges without making it worse and how much of what I was doing should i not tell them etc....?
Is there any point in canceling my cards right away or should i call them first to see how it goes and hope that worst case they just lower all my limits...?

Thanks for any tips.
Title: Re: Financial Review
Post by: jmail on February 21, 2010, 02:25:16 AM
I don't know what you should expect, but I would think that they will not be happy hearing that your friend is using your account for his charges. They issued the card to you.
Title: Re: Financial Review
Post by: MOSES on February 21, 2010, 05:27:16 AM
why are you so sure it is a FR? maybe they just want to verify your card is not stolen?
Title: Re: Financial Review
Post by: Dan on February 21, 2010, 10:13:56 AM
If you've got the income to back it up you've got nothing to worry about as long as you're willing to fork over your tax returns.

Just tell them that the spending is for your own business which is becoming more profitable and currently has a high spend rate.

Using such a high percentage of your credit line is definitely what triggered the FR.

At worst they'll cut some of your credit lines.
Title: Re: Financial Review
Post by: Mikeoracle on February 21, 2010, 12:35:44 PM
What about the high charges and where the payments came from? I read that they can sometimes ask for past few months bank statements to make sure I carry balances that can pay off the size of the charges i put through.
Can I tell them that my "customer" pays me from their bank account direct to my amex? or is that a no-no?
Title: Re: Financial Review
Post by: al613 on February 21, 2010, 03:22:22 PM
Can I tell them that my "customer" pays me from their bank account direct to my amex? or is that a no-no?
Don't do it. you can always tell them that you are charging for a business you sre partner in and you are not allowed to share its financials.
They might reduce your credit line temporarely.
You can also call Amex to cancel all the accounts now. it would not affect you in any negative way (expt not being able to use Amex) and you can reopen them after 2 month and get new bonuses :) (I did this)
Title: Re: Financial Review
Post by: joe on March 01, 2010, 05:53:21 PM
I just got the FR olast Friday from amex and they froze my 2 personal and 1 business starwoods. Is it advisable to close all my accounts right now? They said I should send them in a 4506T by Friday. If I close it, do I lose all my rewards an sarwood points?
Title: Re: Financial Review
Post by: deals on March 01, 2010, 07:32:44 PM
I just got the FR olast Friday from amex and they froze my 2 personal and 1 business starwoods. Is it advisable to close all my accounts right now? They said I should send them in a 4506T by Friday. If I close it, do I lose all my rewards an sarwood points?
[/quote

starwood points: no
amex yes so make sure to transfer the points to you airline

you will always lose the points from your current statment
Title: Re: Financial Review
Post by: joe on March 02, 2010, 09:48:18 PM
Thanks, does that mean I keep the starwood points under the same starwoods number?

and should I go ahead and close it or should I just send them a 4506 and see what happens................

Title: Re: Financial Review
Post by: Dan on March 02, 2010, 09:56:05 PM
Do you have an income last year or no?
Title: Re: Financial Review
Post by: MOSES on March 03, 2010, 08:40:05 AM
Do you have an income last year or no?
I just got an FR. The reason being because some stupid manager promised me a relocation of credit lines. then they changed their rule about it with the new cc rules and they did not want to honor it even though they told me that it was done. I spent an hour on the phone with them and they did not budge. I told them that I had already given a vendor my card to use because the rep had told me that the credit line relocation was complete. anways.... the manager submitted a credit line increase on a brand new account. btw this is a business card with a tax id number. anyways I tried to make a payment to the account for more than the balance so I could us it and get the starpoints. they said that they had to verify who i was with another dept. the FR dept got on the line (I did not realize what dept I was talking to) they asked me my annual income. and then they said they wanted to see my business tax returns. and they emailed me the form to fill out 4506T. anyways She told me on the phone that they only had to see by business financials, and now I think the form she emailed me includes personal. I have 4 cards. 2 personal starwood (one from 08 and one from jan of this year) and 1 business starwood (got in jan of this year) and  one gold charge that I received less than a month ago and doubt if I will ever see the bonus MR points. my total credit limit was 11.000 plus the charge card.  Should I cancel all and wait two months or is their another option. I inclued my paraents income when I applied for the card.
Title: Re: Financial Review
Post by: MOSES on March 03, 2010, 01:39:26 PM
ANYONE PLS
Title: Re: Financial Review
Post by: Mikeoracle on March 04, 2010, 08:29:29 PM
B"H my F/R is done and my amex cards are up and running again, so I want to relate my experience for others reference.
First  of all I found out what triggered my F/R, it seems a charge of just over the available credit was denied and when the card was charged again for a few hundred dollars less just under the limit and went through, that triggered the F/R (a long story how this happened...).
Also it seems that there are obviously different levels of F/R as I did not need to send in a 4506T and only needed to fill out a bank account verification form they emailed me that I needed to have my bank fill in the current balance and 6 month average for up to 2 accounts and fax it in. When I asked her if there was any risk in having my accounts closed she said only if the form is not sent back they might have to evaluate and close accounts if necessary, but if I fill out the form she was adamant that they appreciated and wanted my business and it was just procedure that had to be followed and possibly credit limits might be adjusted.
Also it seems they dont mind if you pay your bill from someone else's bank account as i explicitly told them that when they told me to fill out the bank form explaining that my bank account wont reflect all the amounts that i put on the card and pay since my "clients" pay my card directly. She said she understands but in order to determine that I can pay the amounts that I charge they cant rely on anything else except for what I show in my bank accounts.
Since I had 8 days to return the form I made sure to quickly deposit anything I can get my hands on that I would be depositing in the near future and once they cleared I had the form filled out and sent in, this was Friday and by Wednesday morning the hold on my account was lifted with the only change being the credit lowered on one of my personal cards from 35K to 12K. My other personal cards and my business card stayed the same.

If anyone has any questions, let me know.
Title: Re: Financial Review
Post by: MOSES on March 09, 2010, 05:45:04 PM
HEY GUYS. THANKS FOR ALL YOUR HELP.

My FR is done. I SURVIVED. What triggered it was my business card (the card is on a TAX IS not a sol proprietor). They wanted to see my business tax returns from 08. I told her that the corp was opened in september 2008 and they was not much action in 08. we went back and forth. I wanted to show her my bank statements instead and she said she needs the returns, she was a very nice person BTW....
What eventually saved my tush was that my father declared me as a dependent in 2008. After she found that out she said to send in my last 3 months of my business bank statements ( the account I had been using to pay the card. I sent them in and she cleared the account within the hour. (the December one wasn't so hot but the other ones were ok) she also asked me a lot about the kind of business that I am running... etc.
anyone have a questions, let me know. I am willing to talk on the phone and give advise from my experience.

Title: How NOT to get financial reviewed by amex????
Post by: flyer11204 on March 14, 2010, 11:28:59 PM
I was a member of amex since 2006 (at a young age). I had five cards totaling about 100k in limits. Two years later they shut me down for financial review and I did not send in the required paperwork. A little over a year later I reapplied and was immediately asked for my tax documents. I sent them in stating my current annual income at 40k  (sent in May 2009) . I currently have a gold, a platinum, and a starwood with a $4500 limit and typically with my additionals wrack up about 15-20k a month on the gold and platinum each and full balance on the starwood and it is also paid in full every month.

 Is this situation asking for another financial review?

Any suggestions? Should I rather open a corporate card for this amount of transactions? Any other ideas welcome.
Title: Re: How NOT to get financial reviewed by amex????
Post by: MOSES on March 15, 2010, 05:42:31 AM
If you done mind forking over the docs, why are you afraid of a financial review?
Title: Re: How NOT to get financial reviewed by amex????
Post by: flyer11204 on March 15, 2010, 09:54:24 AM
cuz i only make 40k and i use about 30k a month
Title: Re: How NOT to get financial reviewed by amex????
Post by: flyer11204 on March 15, 2010, 10:11:59 PM
anyone?
Title: Re: How NOT to get financial reviewed by amex????
Post by: Dan on March 15, 2010, 10:37:17 PM
Yes, it does sound like you are setting yourself up for another F/R.
Maybe shift some spending to a non-amex if you are scared of getting one?
Title: Life after financial-review
Post by: D.S. on March 16, 2010, 04:20:38 AM
I got notified by AmEx of a F.R., and I preemptively closed all 3 of my cards rather than deal with it.  I am dying to open a Starwoods card, but I am in no position to be sending in papers. Is there any chance I will not be immediately asked for my papers? A couple of years have gone by.
Title: Re: Life after financial-review
Post by: MOSES on March 16, 2010, 05:30:08 AM
You should be ok. they say 3 months in enough
Title: Re: How NOT to get financial reviewed by amex????
Post by: SuperFlyer on March 16, 2010, 08:14:02 AM
Repaying a couple of $ more then you spend seems to be a sgula for credibility...
Title: Re: How NOT to get financial reviewed by amex????
Post by: ChaimB on March 21, 2010, 11:22:01 PM
 when I was just out of the Country Amex tried to contact me been with them yrs. Yep the FR. Only i havent been spending anything near my limit of 55k, alot closer to 1k

 They emailed me and I called and explained out of Principle i wont send anything in. I asked how after over 10 yrs w/o any problems you are now asking for this info. She said I shouldnt take it personally as there wasnt any Red Flags. I said I do take it very personally and I would Never traet any of my clients/customers in such a way

 She said she will note everything and why I was refusing to submitt the documents and that I would be heaqring from amex when they reach a decission.

 Dont think they will shut me down only lower my limits from the 55k they gave raised me to last March w/o my asking

 Yea I did a nice amount of coins but it was loaded down with alot of reg charges as well.

 emptied my MR acct out even thou that CC wasnt being questioned. So it seems from the agent Amex is going thru their accts and just wanting to make sure that whatever limits they gave to someone can be backed up.
Title: Re: How NOT to get financial reviewed by amex????
Post by: SuperFlyer on March 22, 2010, 06:41:43 AM
they are just tightening everything lately, as they are scared of people being unable to repay because of the crisis.
Title: Re: How NOT to get financial reviewed by amex????
Post by: MOSES on March 22, 2010, 07:10:09 AM
they are just tightening everything lately, as they are scared of people being unable to repay because of the crisis.
a week after I got my FR they lowered one of my credit limits from 6k to 1k. I had to send them bank statements in order for them to revert the change.
Title: Re: How NOT to get financial reviewed by amex????
Post by: SuperFlyer on March 22, 2010, 02:41:52 PM
a week after I got my FR they lowered one of my credit limits from 6k to 1k. I had to send them bank statements in order for them to revert the change.

thats what Im talking about, I could get around $500k by amex, but the party is over.
Title: Re: How NOT to get financial reviewed by amex????
Post by: MOSES on March 22, 2010, 05:59:56 PM
thats what Im talking about, I could get around $500k by amex, but the party is over.
you can still get 500k, or you used to be able to?
I got the reverse reverted thank g-d!
Title: Re: How NOT to get financial reviewed by amex????
Post by: SuperFlyer on March 22, 2010, 07:00:57 PM
I used to be able to get, only a few month ago.
Title: Re: Amex Financial Review
Post by: dvwing on June 07, 2010, 11:06:29 PM
I opened a 2 new AE Starwood cards a week ago, made a bunch of charges, and then one to the US Mint for $3,000. My account got flagged apparently and I got a call today from FR. They said not everyone gets FR, but it is not random either. No reason why. I submitted the form for the tax review today. Now it's wait, wait, wait. Any suggestions?
Title: Re: Financial Review
Post by: dvwing on June 07, 2010, 11:32:14 PM
How long did it take from the time you got the call for the financial review till it was all cleared?
Title: Re: Financial Review
Post by: MarkS on June 08, 2010, 12:33:28 AM
Not very long at all. Once you send on your 4506T it takes about 2-3 days and your up and running again! (Hopefully)
Title: Re: Financial Review
Post by: steve2 on June 08, 2010, 12:37:57 AM
HEY GUYS. THANKS FOR ALL YOUR HELP.

My FR is done. I SURVIVED. What triggered it was my business card (the card is on a TAX IS not a sol proprietor). They wanted to see my business tax returns from 08. I told her that the corp was opened in september 2008 and they was not much action in 08. we went back and forth. I wanted to show her my bank statements instead and she said she needs the returns, she was a very nice person BTW....
What eventually saved my tush was that my father declared me as a dependent in 2008. After she found that out she said to send in my last 3 months of my business bank statements ( the account I had been using to pay the card. I sent them in and she cleared the account within the hour. (the December one wasn't so hot but the other ones were ok) she also asked me a lot about the kind of business that I am running... etc.
anyone have a questions, let me know. I am willing to talk on the phone and give advise from my experience.



 Nice, a major problem for some is that the #s on the app were all made up = no way to show any proof to anything, so in that case its best to simply bluff your way out , if a person is new to Amex then theres not much they can do if they have been with them and have a good track record fall back on that and out of Principle tell them you refuse to send anything in
Title: Re: Financial Review
Post by: Monsey on June 09, 2010, 07:19:00 PM
I had a hilton amex for about six months with 20k credit. Last week i applied for the personal starwood card and got 2k credit. When i got my starwood card i transfered over 18k from my hilton and on the same day i closed my hilton card. Today i got a call from f/r. On my starwood application i said i make 125k a year and they asked me for proof. I told them that im a dependent on my father and thats his income. She told me i can send in the last 3 months statements of my checking account and any other investments to show them how much money i have and then they will decide what to do. Do you think i should close my account or wait and see what happens. They dont want my fathers tax return because it isnt in my name
Title: Re: Financial Review
Post by: Avid Reader on June 09, 2010, 07:28:05 PM
Do you think i should close my account or wait and see what happens. They dont want my fathers tax return because it isnt in my name

Dont close. Show them the statements. It worked for me.
Title: Re: Financial Review
Post by: dvwing on June 09, 2010, 07:43:38 PM
Well two days after my FR, I got hit AGAIN! The first FR was Monday on my husband's two accounts. Yesterday I sent in the 4506T and today I got THE phone call. Now my two accounts are suspended until the FR is done.

I think I know what triggered it. We got the new cards a couple weeks ago, went on to the AMEX link for adding a new cardmember for 1,000 bonus points for each one added. We added 2 per card, a total of 8 cardmembers between the two of us. Somewhere in the transmission it came through new accounts as a new card application instead of an added cardmember. I went in and did it again because the new accounts customer service rep told me to. Now I have been getting all kinds of letters saying that we have already applied for a card and they are cancelling the duplicate request. The thing is, it's not a duplicate request for a new account, but an additional card member.

FR told me there was a lot of inquiries on my credit report.
Title: Re: Financial Review
Post by: MarkS on June 09, 2010, 10:10:02 PM
They always say that they are not trying to close you down, and they value your business.....As long as you cooperate and send in your statements, YOU WILL NOT BE CLOSED DOWN!  
 All the hype out there about people loosing their accounts is for those who didn't comply and didn't send in the forms.
Even if the amount on your tax return/bank statements shows that the amount you wrote on your application is not true, they will simply lower your credit limit.
They tell everyone that there is only a 1% chance of being closed EVEN IF YOUR STATEMENTS DON'T MATCH YOUR CLAIMED INCOME!!
Title: Re: Amex Financial Review
Post by: D.S. on June 16, 2010, 03:44:57 AM
I got F/R'd and I really want to sign up again. I love amex especially the starwoods. I am going to try in a few months and pray for the best.
Did it work???
Title: Re: Amex Financial Review
Post by: dvwing on June 16, 2010, 04:24:02 AM
2 days after my husbands FR, I got FR. All 4 of our cards got shut down.

With the first one, we immediately faxed our form for them to access our tax records which showed 31k when our application said 50k a year. Took exactly one week and the FR went through fine with no changes to the credit limits.

The second FR was painless as they already had received the tax forms from my husbands FR and used all the same info. My cards were up and running with no changes the next day after his FR went through.

 :D
Title: Re: Amex Financial Review
Post by: Avid Reader on June 16, 2010, 09:19:17 AM
2 days after my husbands FR, I got FR. All 4 of our cards got shut down.

With the first one, we immediately faxed our form for them to access our tax records which showed 31k when our application said 50k a year. Took exactly one week and the FR went through fine with no changes to the credit limits.

The second FR was painless as they already had received the tax forms from my husbands FR and used all the same info. My cards were up and running with no changes the next day after his FR went through.

 :D

NICE!! Happy for you. Thanks for posting the results.
Title: Re: Amex Financial Review
Post by: askmoses on June 16, 2010, 04:26:43 PM
I was fr and when I cancelled then reapplied they wanted a certain form that would have cost me some 50 buck(or so) to obtain from the IRS. They specifically said they wanted that one so I decided it just wasn't worth it....
which forms did they as you for?
Title: Re: Amex Financial Review
Post by: dvwing on June 16, 2010, 08:11:40 PM
I was fr and when I cancelled then reapplied they wanted a certain form that would have cost me some 50 buck(or so) to obtain from the IRS. They specifically said they wanted that one so I decided it just wasn't worth it....
which forms did they as you for?


4506T No charge
Title: Re: Amex Financial Review
Post by: Avid Reader on June 16, 2010, 08:16:02 PM
2 days after my husbands FR, I got FR. All 4 of our cards got shut down.

With the first one, we immediately faxed our form for them to access our tax records which showed 31k when our application said 50k a year. Took exactly one week and the FR went through fine with no changes to the credit limits.

The second FR was painless as they already had received the tax forms from my husbands FR and used all the same info. My cards were up and running with no changes the next day after his FR went through.

 :D

Do you know what triggered it?
Title: Re: Amex Financial Review
Post by: askmoses on June 16, 2010, 09:17:07 PM
They specifically asked for the 4506.... no T which is the transcript which would make it free. Not sure why they went so gung ho on me....
Title: Re: Amex Financial Review
Post by: Avid Reader on June 16, 2010, 09:25:42 PM
Maybe cuz you canceled on them, they thought you had a reason to and got suspicious.
Title: Re: Financial Review
Post by: Monsey on June 18, 2010, 05:19:24 AM
I had a hilton amex for about six months with 20k credit. Last week i applied for the personal starwood card and got 2k credit. When i got my starwood card i transfered over 18k from my hilton and on the same day i closed my hilton card. Today i got a call from f/r. On my starwood application i said i make 125k a year and they asked me for proof. I told them that im a dependent on my father and thats his income. She told me i can send in the last 3 months statements of my checking account and any other investments to show them how much money i have and then they will decide what to do. Do you think i should close my account or wait and see what happens. They dont want my fathers tax return because it isnt in my name
SURVIVED! I got a call today that they arent closing my account but they would wanna reduce the credit line but they cant because its against the law to lower someones credit within 60 days of opening that new line of credit so i still have my 20k credit limit. Thanks avid reader for the help.
Title: Re: Financial Review
Post by: Dan on June 18, 2010, 10:32:35 AM
They always say that they are not trying to close you down, and they value your business.....As long as you cooperate and send in your statements, YOU WILL NOT BE CLOSED DOWN! 
 All the hype out there about people loosing their accounts is for those who didn't comply and didn't send in the forms.
Even if the amount on your tax return/bank statements shows that the amount you wrote on your application is not true, they will simply lower your credit limit.
They tell everyone that there is only a 1% chance of being closed EVEN IF YOUR STATEMENTS DON'T MATCH YOUR CLAIMED INCOME!!
This is true only if you have a real reported income.
Title: Re: Financial Review
Post by: MarkS on June 18, 2010, 10:48:36 AM
This is true only if you have a real reported income.

As long as you have any reported income. It doesnt have to be anything near what you wrote on the application.
Title: Financial Review
Post by: jmail on July 01, 2010, 03:16:10 PM
Can anyone explain what the deal is with Financial review? if you actually make the income you post on your application, is there any downside to FR? What can they do pursuant to FR?

Thanks!
Title: Re: Financial Review
Post by: Dan on July 01, 2010, 03:55:51 PM
If you have too much suspicious activity (opening too many cards too quickly, spending too much of your available credit, have credit lines out of proportion with your income, spend on suspicious items, etc.) that can cause AMEX to request your past year's tax files.

If you make on the books what you claimed and don't mind giving AMEX that data you'll be fine.  If you make less you may get your lines cut, if you make nothing you need to shut down your accounts before they shut 'em down for you.
Title: Re: Financial Review
Post by: gozalim on July 01, 2010, 08:33:31 PM
SPG Personal vs. Business:
which is more likely to be churnable?
which is more likely to trigger a Financial Review?
Title: Re: Avoiding AMEX F/R?
Post by: MisterHock on July 21, 2010, 05:29:30 AM
You guys are too funny  :D

There are plenty of qualified people on this forum to answer questions, no need to call me out, lol.

If your credit limit is $10,000 I would recommend paying off the credit card multiple times per month so that you are never actually over 50%.  But you should also not prepay so that you have a large prepayment credit.

Asking for financial info to get a CL increase is not the same as a F/R.  You'll still have a chance to close down the accounts yourself if you are FR'ed.
what does prepaying mean? what if i swipe and then pay the balance the next day? is that also bad?
thanks
Title: Re: Avoiding AMEX F/R?
Post by: Dan on July 21, 2010, 11:50:49 AM
what does prepaying mean? what if i swipe and then pay the balance the next day? is that also bad?
thanks
That's fine.
Title: Re: Avoiding AMEX F/R?
Post by: sprint on July 21, 2010, 12:39:54 PM
I've heard or saw, although dont recall where, that someone was regularly prepaying in order to use his minute credit limit  (1000 or so) and earn points, so he was paying several times a month, prior to his statement coming due.  He got FRed, and was told the reason was that he was abusing his card, not meant to be used that way...
Title: Re: Avoiding AMEX F/R?
Post by: Dan on July 21, 2010, 12:44:36 PM
I've heard or saw, although dont recall where, that someone was regularly prepaying in order to use his minute credit limit  (1000 or so) and earn points, so he was paying several times a month, prior to his statement coming due.  He got FRed, and was told the reason was that he was abusing his card, not meant to be used that way...
There's a difference between prepaying which leaves you with a negative balance due, and paying off purchases as you make them.
Title: Re: Avoiding AMEX F/R?
Post by: steve2 on July 21, 2010, 01:15:54 PM
There's a difference between prepaying which leaves you with a negative balance due, and paying off purchases as you make them.
yep had that with Chase on Mon a purchase didnt hit my acct but that was going to be the only 1 so I wanted to pay off what is owed now that my July statement closed and what will be on my Aug statement (10.43) no big deal to lend it to them.

Chase didnt allow me to pay more then what hit my acct, I could have waited as July isnt due but paid it anyway and then last night paid the other 10.43
Title: Re: Avoiding AMEX F/R?
Post by: txtmax4 on July 21, 2010, 01:20:05 PM
Ya I know those instances are annoying. Especially when the charge didn't hit you acct. just because the merchant was slow and processed it late...

Your situation is only an issue if you try to pay online or by phone, but if you send them a check or money order for the full amt. including the $10.43, they have no option and have to put it towards your acct.
Title: Re: Avoiding AMEX F/R?
Post by: steve2 on July 21, 2010, 01:39:17 PM
Ya I know those instances are annoying. Especially when the charge didn't hit you acct. just because the merchant was slow and processed it late...

Your situation is only an issue if you try to pay online or by phone, but if you send them a check or money order for the full amt. including the $10.43, they have no option and have to put it towards your acct.


 very true and is exactly what I did with another Chase acct. I paid the July bill in full the end of last week and then realized that a few charges didnt hit and they did on Mon so even thou they didnt receive the payment yet I simply went ahead and had them take the $$S out of my Chase checking, bingo it all went thru

 No I dont LOVE Chase and therefore Im paying it all before its due. Im getting ready to close the CCs out and simply was short in topping off the accts the Miles went to by a few $s. or some promo bonus miles still was owed to me and with the annual fees coming on my Aug statement I just wanted to make sure Im ready to CX the accts the day after they close in Aug.Plus with some Intl trips coming up I didnt want to end up missing the Due date for those late posting charges

 Cant remember the last time I wrote a physical check out, I simply do OnLine Banking.

 To pay a CC off there are 2 ways 1- you log onto your CC acct and tell them to take the $$ from a bank acct you have listed with them  or 2- you log onto your online banking acct and send the CC the $$s.
Title: Re: Avoiding AMEX F/R?
Post by: txtmax4 on July 21, 2010, 02:06:13 PM
Try downgrading the card to one that charges no annual fee, if possible.
Better than closing the card.
Title: Re: Avoiding AMEX F/R?
Post by: steve2 on July 21, 2010, 02:18:34 PM
Try downgrading the card to one that charges no annual fee, if possible.
Better than closing the card.

 not for me, I want to get a different Chase CC so Closing it is a better thing. I will try and move the CL but I dont want the CC with its attachment to what it is any longer

Thanks anyways
Title: Re: Avoiding AMEX F/R?
Post by: mordys on July 21, 2010, 02:34:01 PM


 very true and is exactly what I did with another Chase acct. I paid the July bill in full the end of last week and then realized that a few charges didnt hit and they did on Mon so even thou they didnt receive the payment yet I simply went ahead and had them take the $$S out of my Chase checking, bingo it all went thru

 No I dont LOVE Chase and therefore Im paying it all before its due. Im getting ready to close the CCs out and simply was short in topping off the accts the Miles went to by a few $s. or some promo bonus miles still was owed to me and with the annual fees coming on my Aug statement I just wanted to make sure Im ready to CX the accts the day after they close in Aug.Plus with some Intl trips coming up I didnt want to end up missing the Due date for those late posting charges

 Cant remember the last time I wrote a physical check out, I simply do OnLine Banking.

 To pay a CC off there are 2 ways 1- you log onto your CC acct and tell them to take the $$ from a bank acct you have listed with them  or 2- you log onto your online banking acct and send the CC the $$s.
i believe you can close the account even with a balance on it.
Title: Re: Avoiding AMEX F/R?
Post by: steve2 on July 21, 2010, 03:23:01 PM
i believe you can close the account even with a balance on it.

 True but if you have any other charges that missed the last statement you wont get the miles or pts if you CX before it closes.
I could have done a $1 charge, dumb Chase told me if I had 30 transactions in Apr,May & June Id get 2500 bonus miles each month, what they didnt say it wont be credited 1 at a time so my Apr posted on my June bill , my May was on my July and my June will be on my Aug. So I needed at least 1 charge of at least $1 to make sure something other then the bonus will have to post , otherwise no way with the acct closed will I expect them to give it to me

 like I have said a few times already. In this Game you really dont want to OutSmart yourself and end up on with the short rope
Title: Re: Avoiding AMEX F/R?
Post by: txtmax4 on July 21, 2010, 03:54:34 PM
not for me, I want to get a different Chase CC so Closing it is a better thing. I will try and move the CL but I dont want the CC with its attachment to what it is any longer

Thanks anyways

Let us know how the cl moving goes.
Title: Re: Avoiding AMEX F/R?
Post by: steve2 on July 21, 2010, 05:00:11 PM
Let us know how the cl moving goes.

 will do,if I dont PM me and remind me sometime very late Aug
Title: Re: Amex Financial Review
Post by: auntiemus on July 27, 2010, 10:18:09 PM
B"H

got FR'ed a month ago, closed the card myself and want to reapply for a business card. any idea if that will work/
Title: Re: Amex Financial Review
Post by: Smirk on August 30, 2010, 03:35:01 PM
I've been using my personal amex for a year for my biz and half and prepaying it 50k a month and never had a problem until i used my card in Spain for a car rental and got a F'R. i sent in everything they asked:
2 years personal tax returns
1 year business tax return
3 month personal banking
3 month business banking
my name on business legal docs

Just got a call that they reopened my account on condition that i dont prepay it anymore
Title: Re: Amex Financial Review
Post by: Yordai Dooma on August 30, 2010, 04:00:36 PM
I've been using my personal amex for a year for my biz and half and prepaying it 50k a month and never had a problem until i used my card in Spain for a car rental and got a F'R. i sent in everything they asked:
2 years personal tax returns
1 year business tax return
3 month personal banking
3 month business banking
my name on business legal docs

Just got a call that they reopened my account on condition that i dont prepay it anymore
Wow! Why would they care if you prepay? Is amex the only one who cares if you prepay? Or do the others (citi, chase etc) care as well?
Title: Re: Amex Financial Review
Post by: AsherO on August 30, 2010, 04:02:01 PM
I've been using my personal amex for a year for my biz and half and prepaying it 50k a month and never had a problem until i used my card in Spain for a car rental and got a F'R. i sent in everything they asked:
2 years personal tax returns
1 year business tax return
3 month personal banking
3 month business banking
my name on business legal docs

Just got a call that they reopened my account on condition that i dont prepay it anymore

Welcome to the FR survivors club.
Title: Re: Amex Financial Review
Post by: Smirk on August 30, 2010, 04:04:10 PM
Welcome to the FR survivors club.
;)
Wow! Why would they care if you prepay? Is amex the only one who cares if you prepay? Or do the others (citi, chase etc) care as well?
Ask me a better question, i am absolutely no risk to them. cant figure it out for the life of mine
Title: Re: Amex Financial Review
Post by: Dan on August 30, 2010, 04:04:42 PM
Wow! Why would they care if you prepay?
Less chance of high APR on your balance or late payment fees?
Title: Re: Amex Financial Review
Post by: Smirk on August 30, 2010, 04:13:20 PM
Less chance of high APR on your balance or late payment fees?
true they lose on that, BUT its guaranteed money as well because they charge the merchants a %
Title: Re: Amex Financial Review
Post by: Dan on August 30, 2010, 04:17:53 PM
true they lose on that, BUT its guaranteed money as well because they charge the merchants a %
They make maybe 1% profit on a normal transaction after costs plus buying Starpoints, but can make 30% APR.
Title: Re: Amex Financial Review
Post by: Yordai Dooma on August 31, 2010, 10:10:21 AM
When you prepay on a cc, are you able to do so online? or do you have to send a check?

Does it differ depending on if its amex or citi?
Title: Re: Amex Financial Review
Post by: Smirk on August 31, 2010, 11:35:20 AM
I prepaid online through my bank account
Title: Re: Amex Financial Review
Post by: Dan on August 31, 2010, 11:36:01 AM
I think the safest thing is to pay with your bank account the same day you make the charge so that its not a prepayment.
Title: Re: Amex Financial Review
Post by: Yordai Dooma on August 31, 2010, 11:56:22 AM
I think the safest thing is to pay with your bank account the same day you make the charge so that its not a prepayment.

I need to prepay though. Im trying to make a $1030 charge on a card that has a $1000 limit. I want to prepay exactly $1030 and then make the charge, which would put me back at zero.

I prepaid online through my bank account

Is that done like a normal bill pay? Meaning you initiate the payment from your bank as a bill pay rather than initiating the payment by logging into amex.com or citicard?
Title: Re: Amex Financial Review
Post by: Dan on August 31, 2010, 12:02:12 PM
Is that done like a normal bill pay? Meaning you initiate the payment from your bank as a bill pay rather than initiating the payment by logging into amex.com or citicard?
Correct
Title: Re: Amex Financial Review
Post by: jmail on August 31, 2010, 01:30:29 PM
Is there a reason to billpay through your bank instead of the cc website (other than the fact that all your bills can be done in one log-in/session)?
Title: Re: Amex Financial Review
Post by: Dan on August 31, 2010, 01:41:58 PM
Is there a reason to billpay through your bank instead of the cc website (other than the fact that all your bills can be done in one log-in/session)?
The cc website won't let you prepay.
Title: Re: Amex Financial Review
Post by: yare on August 31, 2010, 01:46:35 PM
anyone know if amex can fr an au?  and if you're only using the au card to purchase, can they fr the main card as well?
Title: Re: Amex Financial Review
Post by: Dan on August 31, 2010, 01:52:10 PM
can amex can fr an au? 
No
and if you're only using the au card to purchase, can they fr the main card as well?
Of course
Title: amex financial review for buying gc
Post by: mords on October 13, 2010, 03:35:58 PM
I was approved for the business gold charge card and i tried to buy 4 $1000 gift cards and i saw that after a day and half that my balance was at $0.00. So i called amex and they told me the purchase was denied and that all my three accounts with them are on a freeze. And then the lady started doing a financial review on me. Anyway i faxed in my paper work hopefully all goes well! It is not just coins which can cause a red flag!!
Title: Re: amex financial review for buying gc
Post by: Devorah on October 13, 2010, 11:14:04 PM
Same thing happened to me and I only bought 1 $1000 gift card.
Title: Re: amex financial review for buying gc
Post by: Devorah on October 13, 2010, 11:15:27 PM
My purchase was approved and it was almost 2 months ago - my FR just happened.
Title: Re: amex financial review for buying gc
Post by: moish on October 14, 2010, 04:34:56 AM
so then how do you know it was the gift card that triggered it?
Title: Re: amex financial review for buying gc
Post by: Devorah on October 14, 2010, 10:39:25 AM
so then how do you know it was the gift card that triggered it?

It happened to both myself and my husband and those were the only out of the ordinary purchases.  The rep pretty much confirmed it.
Title: Re: amex financial review for buying gc
Post by: mords on October 14, 2010, 02:42:26 PM
@Devorah
Did everything turn out ok with the FR?
Title: Re: amex financial review for buying gc
Post by: Devorah on October 14, 2010, 08:26:49 PM
@Devorah
Did everything turn out ok with the FR?
Just sent in the 4506T - waiting to hear from them.
Title: Re: amex financial review for buying gc
Post by: bem684 on October 15, 2010, 12:29:42 PM
What are they looking for when they do an FR?  And what information do they ask for?  If you know you did something dumb is there a way to fudge it to look better?  I have never been FRed as I'm new to all this, but the whole idea freaks me out.
Title: Re: amex financial review for buying gc
Post by: Avid Reader on October 15, 2010, 12:39:02 PM
What are they looking for when they do an FR?  And what information do they ask for?  If you know you did something dumb is there a way to fudge it to look better?  I have never been FRed as I'm new to all this, but the whole idea freaks me out.

They want to know that you actually make the money you said you make. They ask for Tax returns / W2's, 1099's / bank statements showing how much money goes in and out.If you did something dumb and they come after you, fess up with them, show them how much money you (or your household) DO make, and hope for the best. There's nothing to get freaked out about. Max, they will close you down or lower your CL.
Title: Re: amex financial review for buying gc
Post by: AsherO on October 15, 2010, 12:54:15 PM
There's nothing to get freaked out about. Max, they will close you down or lower your CL.

That's enough to freak some people out.

I went from 9 cards with a CL of over 90k to 1 card with a CL of ~30k.

I was able to reshuffle my credit lines and I moved some of the credit to one card and closed all the others, then sent the financial/tax documents. Now that they don't allow that online people won't be able to do that.
Title: Re: amex financial review for buying gc
Post by: Dan on October 17, 2010, 06:26:47 PM
From everything I've seen AMEX won't close your account even if you only make a very modest income and even if you completely lied on your application.

Lower your limits, sure.  But generally if you cooperate they won't close your accounts unless you don't have any income.
Title: Re: amex financial review for buying gc
Post by: AsherO on October 17, 2010, 11:05:36 PM
From everything I've seen AMEX won't close your account even if you only make a very modest income and even if you completely lied on your application.

Lower your limits, sure.  But generally if you cooperate they won't close your accounts unless you don't have any income.

Two of my friends showed some income (nowhere near what they reported), cooperated, and has their accounts shut down.
Title: Re: amex financial review for buying gc
Post by: Dan on October 17, 2010, 11:09:14 PM
Two of my friends showed some income (nowhere near what they reported), cooperated, and has their accounts shut down.
Interesting, I haven't seen anything like that reported online.  Do you know by any chance how much income we're talking about?
Title: Re: amex financial review for buying gc
Post by: AsherO on October 17, 2010, 11:11:55 PM
Interesting, I haven't seen anything like that reported online.  Do you know by any chance how much income we're talking about?

They were both getting a low enough income on the books to still be eligible for govt. benefits.
Title: Re: amex financial review for buying gc
Post by: Aben on November 30, 2010, 08:09:58 AM
I got an Amex FR around 2 years ago for opening a couple accounts one after anothe sent in all the info they wante my W2 I told the lady that on my applications I wrote 100,000 bec that was including my parents eventhough tnat on my w2 it said 25000 she kept all of my accounts opened and did not lower my credit on any of my cards (4) and the highest credit limit that I had on 1 card was 25,000.
A couple of months ago after I applied for the premier gold charge card they wanted to FR me again bec why do I need so many cards I told her that I was doing it for the points after going back an forth she let me go.
Title: Re: Amex Financial Review
Post by: Devorah on December 01, 2010, 01:26:12 AM
My mother got financial reviewed - she lives in Canada - they accepted her Canadian paystubs and American bank statements. 
Title: Re: Amex Financial Review
Post by: Devorah on December 01, 2010, 01:29:37 AM
@Devorah
Did everything turn out ok with the FR?

They cut some of my credit limits but kept all my accounts open.  On the other hand, my sister sent in the info and they shut her down - no plausible explanation given.
Title: Re: Amex Financial Review
Post by: Reuven321 on December 07, 2010, 01:14:20 PM
I have had Amex Starwoods for a couple of years and have paid every bill in full.  This morning I got a call from them and my card is suspended and under F/R.  They want my tax returns from last year.  Problem is I don't have any-I was living in Israel and had nothing to claim and when I moved back to America I was living by my parents.  Any suggestions?!
Title: Re: Amex Financial Review
Post by: Dan on December 07, 2010, 01:34:37 PM
I have had Amex Starwoods for a couple of years and have paid every bill in full.  This morning I got a call from them and my card is suspended and under F/R.  They want my tax returns from last year.  Problem is I don't have any-I was living in Israel and had nothing to claim and when I moved back to America I was living by my parents.  Any suggestions?!
Tell them you live in your parents household and they pay your bills.
Of course you'll have to convince your parents to send AMEX their tax returns.
Title: Re: Amex Financial Review
Post by: Yordai Dooma on December 07, 2010, 01:40:37 PM
Tell them you live in your parents household and they pay your bills.
Of course you'll have to convince your parents to send AMEX their tax returns.

I think he means that he "used" to live by his parents and no longer does...
Title: Re: Amex Financial Review
Post by: Reuven321 on December 07, 2010, 02:22:04 PM
Thanks David-
I lived by my parents until this past March and since then am living on my own and working.  But still don't have any tax returns
Title: Re: Amex Financial Review
Post by: Dan on December 07, 2010, 02:27:08 PM
Where is the billing address on the card?
You can still try to tell them that your parents pay your bills...
You may have to add them as joint-users with an SSN though.
Title: Re: Amex Financial Review
Post by: WhiteWolf on December 07, 2010, 08:40:25 PM
I just got  suspended and FR from AMEX !! They are requesting the 4506T Form . I have a Starwoods card  with a 1000 limit and a premier gold charge card with no limit .  I have reported taxable  income of 29500 on  2009 tax returns. I was also on unemployment at the end of the year and it is on the tax returns that i received unemployment income . Should i risk sending in the form or just close the accounts ? And if i should close then what is the best place to transfer AMEX gold points continental or spg ?
Title: Re: Amex Financial Review
Post by: Dan on December 07, 2010, 08:45:32 PM
I just got  suspended and FR from AMEX !! They are requesting the 4506T Form . I have a Starwoods card  with a 1000 limit and a premier gold charge card with no limit .  I have reported taxable  income of 29500 on  2009 tax returns. I was also on unemployment at the end of the year and it is on the tax returns that i received unemployment income . Should i risk sending in the form or just close the accounts ? And if i should close then what is the best place to transfer AMEX gold points continental or spg ?
I would still send in the forms if you have 30k in income.
You should have 30 days even if they close your accounts to transfer the points.

Let us know what happens!
Title: Re: Amex Financial Review
Post by: WhiteWolf on December 07, 2010, 09:07:25 PM
Thanks for the prompt reply i will take the risk and keep you updated !
Title: Re: Amex Financial Review
Post by: AsherO on December 07, 2010, 10:17:36 PM
I just got  suspended and FR from AMEX !! They are requesting the 4506T Form . I have a Starwoods card  with a 1000 limit and a premier gold charge card with no limit .  I have reported taxable  income of 29500 on  2009 tax returns. I was also on unemployment at the end of the year and it is on the tax returns that i received unemployment income . Should i risk sending in the form or just close the accounts ? And if i should close then what is the best place to transfer AMEX gold points continental or spg ?

If you're currently employed, I'd send them pay stubs as well. How much income did you report and what are your living arrangements?
Title: Re: Amex Financial Review
Post by: WhiteWolf on December 07, 2010, 10:50:42 PM
When i applied for the cards i put down around 200K  I reported on my taxes around 30K . I am still officially unemployed . I still live with my parents . I have a nice savings account will it help if i send my bank statements as well ?
Title: Re: Amex Financial Review
Post by: AsherO on December 07, 2010, 11:12:57 PM
When i applied for the cards i put down around 200K  I reported on my taxes around 30K . I am still officially unemployed . I still live with my parents . I have a nice savings account will it help if i send my bank statements as well ?

I think it would help if you showed assets and you could prove your parent's income as well (with their agreement).
Title: Re: Amex Financial Review
Post by: WhiteWolf on December 09, 2010, 08:51:56 PM
I spoke to my AMEX account manager the one who will be reviewing my  tax returns . He said if there is 30k reported the most that will happen is the gold card credit will be cut down. He also said if for some reason any accounts need to be cancelled he will give me  a chance to close it on my own rather then have it cancelled by AMEX . I faxed in the forms today... hopefully i should come out ok .
Title: Re: Amex Financial Review
Post by: Reuven321 on December 10, 2010, 12:41:49 PM
B"H I just cleared my F/R.  I didn't have any tax returns to send them so I simply told them that and they requested that I send in my last 3 bank statements and last two pay stubs (I started working in March).  They were nice, even though I kept calling back.  Could be it helps to keep calling because they see you are interested in doing what they want.
Title: Re: Amex Financial Review
Post by: Dan on December 10, 2010, 12:45:58 PM
B"H I just cleared my F/R.  I didn't have any tax returns to send them so I simply told them that and they requested that I send in my last 3 bank statements and last two pay stubs (I started working in March).  They were nice, even though I kept calling back.  Could be it helps to keep calling because they see you are interested in doing what they want.
Mazal Tov!
Title: Re: Amex Financial Review
Post by: AsherO on December 10, 2010, 12:57:15 PM
Is it my imagination or do F/Rs come in waves?
Title: Re: Amex Financial Review
Post by: md on December 12, 2010, 10:54:48 PM
Is it my imagination or do F/Rs come in waves?
I get fr'd every year on all of our business accounts because of our high credit line.
Title: Re: Amex Financial Review
Post by: Yordai Dooma on December 20, 2010, 10:50:39 PM
Woohooo! The wife got FR'd today.

From speaking to others who got FR'd recently, it is quite clear that adding additional cardholders is one of the triggers. We had recently added some to take advantage of the 1k spg point promo. Some friends who did the same also got FR'd.
Will keep the oilam updated on how it goes...
Title: Re: Amex Financial Review
Post by: shach on December 20, 2010, 10:56:46 PM
Woohooo! The wife got FR'd today.

From speaking to others who got FR'd recently, it is quite clear that adding additional cardholders is one of the triggers. We had recently added some to take advantage of the 1k spg point promo. Some friends who did the same also got FR'd.
Will keep the oilam updated on how it goes...
how long after you added additional card holders did you get FR'd?
Title: Re: Amex Financial Review
Post by: Yordai Dooma on December 21, 2010, 01:02:28 AM
about 2 weeks
Title: Re: Amex Financial Review
Post by: shach on December 21, 2010, 08:57:13 AM
about 2 weeks
I added numerous cards three weeks+ ago b"h nothing yet...will update
Title: Re: Amex Financial Review
Post by: WhiteWolf on December 22, 2010, 07:15:40 PM
I just got  suspended and FR from AMEX !! They are requesting the 4506T Form . I have a Starwoods card  with a 1000 limit and a premier gold charge card with no limit .  I have reported taxable  income of 29500 on  2009 tax returns. I was also on unemployment at the end of the year and it is on the tax returns that i received unemployment income . Should i risk sending in the form or just close the accounts ? And if i should close then what is the best place to transfer AMEX gold points continental or spg ?
I would still send in the forms if you have 30k in income.
You should have 30 days even if they close your accounts to transfer the points.

Let us know what happens!

I finally got done with my FR by Amex The star woods card was not touched, the gold card went from unlimited
to 3000 . I spoke in length to my account manager and, he said as long as some income was  reported  the majority
of times they will not close the account just lower your credit limit based on how much was reported.  If you do get FR 
from amex  as long as you reported a few thousand on your tax returns, the only thing that will happen is a  lower credit
 line not a closed account !
Title: Re: Amex Financial Review
Post by: Yordai Dooma on December 28, 2010, 11:37:50 AM
Woohooo! The wife got FR'd today.

From speaking to others who got FR'd recently, it is quite clear that adding additional cardholders is one of the triggers. We had recently added some to take advantage of the 1k spg point promo. Some friends who did the same also got FR'd.
Will keep the oilam updated on how it goes...

all done. Gold card and plat both have limits now.
Pretty strange that they do that even though our tax returns do reflect our stated income.
Title: Re: Amex Financial Review
Post by: miles on January 23, 2011, 12:45:19 PM
all done. Gold card and plat both have limits now.
Pretty strange that they do that even though our tax returns do reflect our stated income.
what income is on ur tax return
Title: Re: Amex Financial Review
Post by: Dan on January 23, 2011, 12:47:14 PM
what income is on ur tax return
That's an awfully personal question!
Title: Re: Amex Financial Review
Post by: how on January 23, 2011, 01:59:13 PM
That's an awfully personal question!
+1
Title: Re: Amex Financial Review
Post by: Yordai Dooma on January 23, 2011, 02:19:35 PM
That's an awfully personal question!
+1
Lets put it this way...our stated income is my annual income + my wife's annual income ;D
Title: Re: Amex Financial Review
Post by: miles on January 23, 2011, 03:15:42 PM
Woohooo! The wife got FR'd today.

From speaking to others who got FR'd recently, it is quite clear that adding additional cardholders is one of the triggers. We had recently added some to take advantage of the 1k spg point promo. Some friends who did the same also got FR'd.
Will keep the oilam updated on how it goes...
what income u entered on the appllication
Title: Re: Amex Financial Review
Post by: miles on January 23, 2011, 03:16:25 PM
did anyone got FR'D from other banks or just from AMEX
Title: Re: Amex Financial Review
Post by: AsherO on January 23, 2011, 03:36:50 PM
That's an awfully personal question!

+1 and an irrelevant one too.
Title: Re: Amex Financial Review
Post by: Yordai Dooma on January 23, 2011, 03:37:30 PM
what income u entered on the appllication

Which part of:
That's an awfully personal question!
did you not understand?


+1
Lets put it this way...our stated income is my annual income + my wife's annual income ;D
Title: Re: Amex Financial Review
Post by: miles on January 24, 2011, 10:44:35 AM
Which part of: did you not understand?
sorry for asking but i dint want to get in your details just want to know if all are blowing up the income on the application
Title: Re: Amex Financial Review
Post by: AsherO on January 24, 2011, 12:06:52 PM
sorry for asking but i dint want to get in your details just want to know if all are blowing up the income on the application

David already answered that question, the answer is no.
Title: Re: Amex Financial Review
Post by: miles on January 24, 2011, 12:17:53 PM
David already answered that question, the answer is no.
i sow his answer i just sorry'd for him
Title: Re: Amex Financial Review
Post by: AsherO on January 24, 2011, 12:21:53 PM
i sow his answer i just sorry'd for him

When you say 'just want to know' (and not 'just wanted to know') it implies you still want to know...
Title: Re: Amex Financial Review
Post by: Yordai Dooma on January 24, 2011, 12:37:20 PM
i sow his answer i just sorry'd for him

Can we get a definition of that? Google translate didnt do much ;D
Title: Re: Amex Financial Review
Post by: askmoses on February 14, 2011, 03:41:24 AM
 :( I'm still trying to recover from my amex fr some 18 months ago, where overnight I had to shut down four of my 6 credit cards, and over 80% of my credit line. Weirdly they messed up on how all my credit was filed and after I just did the free fico credit report, I am unsure of what to do now. I got a 734 score and it only shows my length of credit for 18 months(even though I've had for close to 4 1/2 years, I think this might be bc they accidentally linked myself and my brothers accounts(our ss numbers are just one off). I didn't just reach that conclusion, it took hours of phone calls with the credit card companies to figure this out. Regardless, my FICO report only shows 1 credit card on file, even though I have a MC aadvantage, AND a citibank AT&T business card.
Even so, I am really trying to rebuild my credit and would ideally like to get back on the starwood wagon. I used to have both the business and personal starwood, but ever since the fr, I don't know if Amex will ever approve me. I get paid off the books, so I don't have any paperwork to show them. Did anyone have success after a FR getting approved for a Amex Starwood without sending paperwork? I tried to sign up for it a couple of times and recieved that request. My last attempt was probably over 9 months ago. I also attempted to get the Continental one pass MC and was unsuccessful.
I have no debt and have never been late to pay a bill in full, every time. I also utilize under 20% of my current credit line. I really need to start expanding my options, especially because I'm missing out on so many opportunities for credit + cc bonuses.
Anyone able to give me any tips??? Thanks in advance!!
Title: Re: Amex Financial Review
Post by: myb821 on March 28, 2011, 11:18:14 PM
I just have a general question me and my wife are both students being supported by our parents. the income i put on my application was the same as what we receive. If i got fr'ed would i be ok? im just curious since i just applied for three amexs at the same time and am concerned this could lead to an fr.
Title: Re: Amex Financial Review
Post by: AsherO on March 29, 2011, 01:08:06 AM
I just have a general question me and my wife are both students being supported by our parents. the income i put on my application was the same as what we receive. If i got fr'ed would i be ok? im just curious since i just applied for three amexs at the same time and am concerned this could lead to an fr.

If you can prove you're receiving the income you're safe, but I don't know if what you'll offer as proof will satisfy Amex.
Title: Re: Amex Financial Review
Post by: myb821 on March 29, 2011, 01:15:55 AM
Would bank statements suffice that shows the monthly deposit every month
Title: Re: Amex Financial Review
Post by: YudiG on March 29, 2011, 09:09:17 AM
IDK but Amex told me flat out that when applying i can include all incomes from everyone living at that address i.e. me/wife - both studying - and that of my parents....
Title: Re: Amex Financial Review
Post by: yare on March 29, 2011, 09:29:09 AM
Would bank statements suffice that shows the monthly deposit every month
that should be fine
Title: Re: Amex Financial Review
Post by: shach on March 29, 2011, 09:43:02 AM
Would bank statements suffice that shows the monthly deposit every month
with a written statement it shd suffice
Title: Re: Amex Financial Review
Post by: myb821 on March 29, 2011, 09:54:34 AM
with a written statement it shd suffice
thanks for easing my my nerves lol
Title: Re: Amex Financial Review
Post by: danR on April 01, 2011, 06:49:52 PM
My wife and I just got FR'd today for US mint coin purchases. They said their have been a bunch of coin purchases and it was in breach of agreement since they were cash purchases. That is what triggered the FR. Maybe it also had to do with increasing my credit limit on my SPG Biz account from 3,000 to 9,000. Not sure, they said it was the coin purchases and I can not buy anymore coins from the US Mint with my Amex cards.

Now I got to send in that Form 4506T.

They havent spoken to my wife yet, any suggestion on how she should explain coin purchases. I said I was using the coins for its intended purpose.

Any suggestion on how to handle this please help.

Thanks
Title: Re: Amex Financial Review
Post by: Chaikel on April 01, 2011, 07:01:53 PM
My wife and I just got FR'd today for US mint coin purchases. They said their have been a bunch of coin purchases and it was in breach of agreement since they were cash purchases. That is what triggered the FR. Maybe it also had to do with increasing my credit limit on my SPG Biz account from 3,000 to 9,000. Not sure, they said it was the coin purchases and I can not buy anymore coins from the US Mint with my Amex cards.

Now I got to send in that Form 4506T.

They havent spoken to my wife yet, any suggestion on how she should explain coin purchases. I said I was using the coins for its intended purpose.

Any suggestion on how to handle this please help.

Thanks
Explain Purim to them
Title: Re: Amex Financial Review
Post by: rosie5442 on April 01, 2011, 07:38:33 PM
How many coins were you ordering and how do you think they caught u?
Title: Re: Amex Financial Review
Post by: danR on April 02, 2011, 08:43:23 PM
I explained that I used them for its intended use. They said if you used for cash it was in voliation of credit card agreement. Basically anyone who orders coins is in violation of agreement. I probably avg. 3x per month, once every ten days, on SPG Biz and personal that includes multiple authorized users.

I think the only explaination they would take for ordering coins is that you are collector but if you say that then you are in violation of the MInt intended use. So i guess no good answer. Now i got to send in that stupid IRS form. I am done with Mint coins on Amex cards, so I warn anyone else out there doing the samething you so LIMIT you Mint orders on Amex cards, sounds like they are cracking down.

Title: Re: Amex Financial Review
Post by: danR on April 02, 2011, 09:17:30 PM
Does anyone who has been under Amex Financial Review, if you could elect the send it bank statements and pay stub instead of the Form 4506T. I wonder if filling out that Form would raising any flags with IRS which is the last thing in the world I am sure any of us would want.
Title: Re: Amex Financial Review
Post by: AsherO on April 02, 2011, 09:22:47 PM
Does anyone who has been under Amex Financial Review, if you could elect the send it bank statements and pay stub instead of the Form 4506T. I wonder if filling out that Form would raising any flags with IRS which is the last thing in the world I am sure any of us would want.

Wouldn't raise flags with the IRS, but it's your prerogative if you want to share all that tax data with Amex.
Title: Re: Amex Financial Review
Post by: danR on April 02, 2011, 09:42:45 PM
IS there another option I rather not send them my tax info, who would?, here is the email they sent:


American Express recently requested that you complete and return a tax form called the 4506T in order to conduct a financial review.  The 4506T authorizes American Express to retrieve tax information.  We find the review process to be a necessary requirement in order to conduct our business in a prudent and successful manner. 

Detailed instructions on how to fill out the 4506T are included below as well as in the American Express Fax Cover Sheet.  It is critical that this information be completed correctly and faxed back to us within 5 business days of the date of this email to avoid closure of the account. 

Instructions to help ensure quicker review times
1.   Print out the American Express Fax Cover Sheet
2.   Print out the Blank 4506T Form

Instructions for completing this American Express Fax Cover Sheet
1.  Fill out the FROM field with your name as it appears on your card.
2.  Fill out your 15 digit account number (this is used for internal processing, your account number is not given to a third party)


Instructions for completing the Blank 4506T Form
1.  Please refer to your copy of the tax return you filed for accuracy.   Information you provide must match IRS files, or the documents obtained may be insufficient and your account could be canceled. 
2. Please write legibly by hand.  DO NOT do any of the following: type out the form, write your account number on the 4506T, or make corrections by whiting or crossing out (you must print out a new form).  These will cause the 4506T to be rejected and could result in cancellation.
3.  Complete lines 1-4
4.  Complete line 6. Line 6 must contain the name of the form you filed.  Box 6C should be checked already.
5.  Leave lines 5,7,8 blank
6.  Line 9 must be completed as requested.  Please do not add years not requested.  Use mm/dd/yyyy format. If you are asked to fill in multiple years, please ensure you use the correct format mm/dd/yyyy for each date (place dates on separate lines)
7.  If you filed using a Tax ID instead of your Social Security Number, please put your Tax ID number in the Social Security Number filed.  Names and socials must be on corresponding lines for the IRS to accept this document.
8.  Sign and date the 4506T
 
3.   After completing instructions for the American Express Cover sheet and Blank 4506T Form, return BOTH of the completed forms to: 
     1 800 219 8549 

Once the forms are received, they will be processed in 5-7 business days.  If you have questions regarding your review, please call 1800-230-1289 and enter your account manager's five digit extension (listed at the top of this email) to avoid long wait times. 

Thank you,
The American Express Financial Review Team
Title: Re: Amex Financial Review
Post by: elikay on April 02, 2011, 09:50:27 PM
I know someone who did not send in the right form and they did not accept it. (I think it was the same form just without the T at the end, the one he sent did not cost anything? and it did state his income but they did not accept it, the T one is itemized I believe).
Title: Re: Amex Financial Review
Post by: rosie5442 on April 03, 2011, 07:10:17 PM
instead ogf going thru the review what if you just cancel the cards.  Does that have any effect on your credit or credit report?
Title: Re: Amex Financial Review
Post by: Cholentfresser on April 03, 2011, 07:19:21 PM
if u don't have any income and they'll close your account, its for sure better to close it yourself first.
Title: Re: Amex Financial Review
Post by: Monsey on April 03, 2011, 07:28:10 PM
instead ogf going thru the review what if you just cancel the cards.  Does that have any effect on your credit or credit report?
if you close your accounts then in order to apply for another amex in the future you will have to go through a f/r when applying so it might be worth it to send in your forms and just tell them that if they are going to close your account to tell you first and let you close it yourself. Good luck
Title: Re: Amex Financial Review
Post by: YudiG on April 04, 2011, 11:14:14 PM
oi oi oi

i opened an amex pat, amex gold and starwood for my wife and tried buying $1k in us mint coins and got an F/R....the amex man didn't seem to happy...they want the tax form but as we weren't married her stated IRS income of $8k is nowhere near the 6 digits it is now...

does it just make sense to cancel all the cards now and not bother sending in the form? will they really give us the chance to cancel the cards first in the event they decide to close all accounts? what will be worse for her credit?

oy eibishter!!
Title: Re: Amex Financial Review
Post by: Dan on April 04, 2011, 11:42:21 PM
oi oi oi

i opened an amex pat, amex gold and starwood for my wife and tried buying $1k in us mint coins and got an F/R....the amex man didn't seem to happy...they want the tax form but as we weren't married her stated IRS income of $8k is nowhere near the 6 digits it is now...

does it just make sense to cancel all the cards now and not bother sending in the form? will they really give us the chance to cancel the cards first in the event they decide to close all accounts? what will be worse for her credit?

oy eibishter!!
So was opening 3 cards at the same time the trigger or the coins?  Hmm...

When will you file your taxes?
Title: Re: Amex Financial Review
Post by: myb821 on April 04, 2011, 11:43:50 PM
So was opening 3 cards at the same time the trigger or the coins?  Hmm...

When will you file your taxes?
i really hope it was the coins  :-\
Title: Re: Amex Financial Review
Post by: Dan on April 04, 2011, 11:50:27 PM
i really hope it was the coins  :-\
I think either are F/R triggers.  The combo of a trip-app and coins though is definitely a no-no IMHO.  I don't think an AMEX trip-app is safe unless unless you have an income.
Title: Re: Amex Financial Review
Post by: myb821 on April 04, 2011, 11:52:52 PM
I think either are F/R triggers.  The combo of a trip-app and coins though is definitely a no-no IMHO.  I don't think an AMEX trip-app is safe unless unless you have an income.
as i said in another thread I am a student supported my rents and inlaws if they give a set amount of each month and i put that amount as my income do u think amex will accept that if i ever get F/Red?
Title: Re: Amex Financial Review
Post by: myb821 on April 04, 2011, 11:53:43 PM
I think either are F/R triggers.  The combo of a trip-app and coins though is definitely a no-no IMHO.  I don't think an AMEX trip-app is safe unless unless you have an income.
and have u never done a triple app with amex? and if not how many apps have u done in what time frame that u considered safe?
Title: Re: Amex Financial Review
Post by: Dan on April 04, 2011, 11:56:48 PM
as i said in another thread I am a student supported my rents and inlaws if they give a set amount of each month and i put that amount as my income do u think amex will accept that if i ever get F/Red?
No idea.  They might accept past bank statements in your case, but it's YMMV.

and have u never done a triple app with amex? and if not how many apps have u done in what time frame that u considered safe?
I've done a double app with AMEX, never done the trip-app.
There are no hard and fast rules, it's whatever their computer decides to flag.
Title: Re: Amex Financial Review
Post by: myb821 on April 04, 2011, 11:57:59 PM
No idea.  They might accept past bank statements in your case, but it's YMMV.
I've done a double app with AMEX, never done the trip-app.
There are no hard and fast rules, it's whatever their computer decides to flag.
got it its just amazing with all ur apps and everything u have never been F/Red
Title: Re: Amex Financial Review
Post by: AsherO on April 05, 2011, 12:03:03 AM
got it its just amazing with all ur apps and everything u have never been F/Red

Bli ayin hara.
Title: Re: Amex Financial Review
Post by: myb821 on April 05, 2011, 12:06:56 AM
Bli ayin hara.
+10000
Title: Re: Amex Financial Review
Post by: YudiG on April 05, 2011, 12:38:36 PM
So was opening 3 cards at the same time the trigger or the coins?  Hmm...

When will you file your taxes?

idk is it worth filing the form w/ amex or just canceling and waiting a while b4 trying again...they wont approve 3 accounts with only 8k in stated income will they?

oh well
Title: Re: Amex Financial Review
Post by: Dan on April 05, 2011, 12:44:03 PM
idk is it worth filing the form w/ amex or just canceling and waiting a while b4 trying again...they wont approve 3 accounts with only 8k in stated income will they?

oh well
Can't hurt to try sending it in.
See if you can include bank statements or your parents income as part of their household, etc.
Title: Re: Amex Financial Review
Post by: danR on April 05, 2011, 01:19:33 PM
I am in middle of an FR, I think the coins and giftcard purchases is what has flagged the accounts since that was the only thing they are asking me about
Title: Re: Amex Financial Review
Post by: AsherO on April 05, 2011, 01:20:30 PM
I am in middle of an FR, I think the coins and giftcard purchases is what has flagged the accounts

+1, I'd say this is more likely than an app-trip/tripp-app (pun).
Title: Re: Amex Financial Review
Post by: Yordai Dooma on April 05, 2011, 01:36:13 PM
I am in middle of an FR, I think the coins and giftcard purchases is what has flagged the accounts since that was the only thing they are asking me about

were they more concerned about the coins that the gc's? I would think they would not care so much about the gc's as they sell them on their own site and let you buy them directly with your amex card...
Title: Re: Amex Financial Review
Post by: danR on April 05, 2011, 06:01:15 PM
were they more concerned about the coins that the gc's? I would think they would not care so much about the gc's as they sell them on their own site and let you buy them directly with your amex card...

I bought giftcards from giftcards.com via cashback promo which is currently dead. They were more concerned about the coins, so if you are ordering coins do so with caution and I wouldn't buy more than once a month. From conversation with them today it seems like they are cracking down on coins purchases.

The reason they flagged it, is because technically it is in violation of credit card agreement to use purchases for cash to pay off your credit card. They are worried about people you don't have enough income to cover expenses and are using coin purchases to payoff balances every month and accuring points, instead of paying interest.
Title: Re: Amex Financial Review
Post by: YudiG on April 05, 2011, 08:56:13 PM
Can't hurt to try sending it in.
See if you can include bank statements or your parents income as part of their household, etc.

but if they decide to close the accounts will I even have a chance to close them down before they do to protect my credit?
Title: Re: Amex Financial Review
Post by: AsherO on April 05, 2011, 10:40:47 PM
but if they decide to close the accounts will I even have a chance to close them down before they do to protect my credit?

I don't think so. When I got F/R'd I closed all the accounts with the smaller credit lines, I kept the one with the biggest credit line (30k) and they left it open.
Title: Re: Amex Financial Review
Post by: YudiG on April 06, 2011, 02:31:04 AM
I don't think so. When I got F/R'd I closed all the accounts with the smaller credit lines, I kept the one with the biggest credit line (30k) and they left it open.

my wife has an amex plat, amex spg and amex gold....can she close all them down with one phone call or must she call and do each one, one at a time?

should she leave the plat open and risk it?

thanks for the help!!!!! i appreciate it
Title: Re: Amex Financial Review
Post by: AsherO on April 06, 2011, 02:47:23 AM
my wife has an amex plat, amex spg and amex gold....can she close all them down with one phone call or must she call and do each one, one at a time?

should she leave the plat open and risk it?

thanks for the help!!!!! i appreciate it

You can close several cards during one call, why not?

If you guys have income, send a 4506T and hope for the best.

Title: Re: Amex Financial Review
Post by: YudiG on April 06, 2011, 02:53:41 AM
You can close several cards during one call, why not?

If you guys have income, send a 4506T and hope for the best.




thanks for the help, i appreciate it.....her stated income of 8k on the tax form isnt the 150k it is now and what was on the application...does she really stand a chance? is it worth the risk?
Title: Re: Amex Financial Review
Post by: AsherO on April 06, 2011, 02:56:02 AM

thanks for the help, i appreciate it.....her stated income of 8k on the tax form isnt the 150k it is now and what was on the application...does she really stand a chance? is it worth the risk?

Pay stubs. You can also close some and leave some, I'm not quite sure.
Title: Re: Amex Financial Review
Post by: YudiG on April 06, 2011, 03:32:08 AM
I got no pay stubs....how bad is it if they close one account as far as the damage to credit is concerned?
Title: Re: Amex Financial Review
Post by: AsherO on April 06, 2011, 04:56:30 AM
I got no pay stubs....how bad is it if they close one account as far as the damage to credit is concerned?

Hmmm, if you have nothing you might want to close them all, who knows, you might get approved someday down the line.
Title: Re: Amex Financial Review
Post by: YudiG on April 06, 2011, 12:35:47 PM
ok...live and learn i suppose....at least she got a chase CO offer so something will remain open....how long is best to wait before going back to amex again...a year?
Title: Re: Amex Financial Review
Post by: miles on April 06, 2011, 01:24:42 PM
I don't think an AMEX trip-app is safe unless unless you have an income.
is 30k good
Title: Re: Amex Financial Review
Post by: pyth on April 07, 2011, 07:11:02 PM
HELP!!!
I current review with Amex, I sent in the for 4506T which shows that my income was correctly stated so I was not worried, but now I just got a call from them asking for 3 month of bank statements that pays the account.

They never asked for this info orginally so no idea why they are asking now. The problem is my bank statements show large deposits made to bank. I obviously do not want to send in my bank statements, because my financial review was triggered by the US Mint purchases.

When they first called all they asked was for the tax form  which I sent. Do I have to send in the bank statements?
What will happen if I don't and what will happen if I and they see the large cash in and out?

Any suggestions - please help.

Title: Re: Amex Financial Review
Post by: Avid Reader on April 07, 2011, 07:22:17 PM

When they first called all they asked was for the tax form  which I sent. Do I have to send in the bank statements?
What will happen if I don't and what will happen if I and they see the large cash in and out?

Any suggestions - please help.



First, welcome to the forum!

I believe you have to give them the statements or they will still close your account.

As far as being worried about the cash in and out, i would think that's a good thing. I'm assuming they want to see that there is actually current cashflow in the account (your tax return is not necessarily what you currently make). I highly doubt they would see that as something bad. When AMEX F/R'd me, I gave them statements showing money in-out and I believe that's what made them leave my credit limits untouched. Anyone have the opposite experience?
Title: Re: Amex Financial Review
Post by: myb821 on April 07, 2011, 07:58:01 PM
First, welcome to the forum!

I believe you have to give them the statements or they will still close your account.

As far as being worried about the cash in and out, i would think that's a good thing. I'm assuming they want to see that there is actually current cashflow in the account (your tax return is not necessarily what you currently make). I highly doubt they would see that as something bad. When AMEX F/R'd me, I gave them statements showing money in-out and I believe that's what made them leave my credit limits untouched. Anyone have the opposite experience?
but hes worried that they will see the deposits from the mint
Title: Re: Amex Financial Review
Post by: Dan on April 07, 2011, 08:00:27 PM
but hes worried that they will see the deposits from the mint
How will they know it's from the mint?
Title: Re: Amex Financial Review
Post by: gozalim on April 07, 2011, 08:05:28 PM
but hes worried that they will see the deposits from the mint
the deposits don't say "us mint" just "cash"
Title: Re: Amex Financial Review
Post by: pyth on April 07, 2011, 08:09:02 PM
How will they know it's from the mint?


true, they won't see it was from the mint the problem is I also have a bunch of deposits from Amazon Payments and also have some charges from Amazon Payments on my Amex cards. I don't want to raise anymore red flags. I can always try to give explaination is asked - say I was selling stuff or charges related to business etc. I am just worried they are going to come back and ask for documentation/receipts for all that. How far will they go?
Title: Re: Amex Financial Review
Post by: pyth on April 07, 2011, 08:11:08 PM
the deposits don't say "us mint" just "cash"

The deposits don't even say cash it says deposits - bunch there was a lot of cash in and out of account between $10,000- $20,000 for the 3 months
Title: Re: Amex Financial Review
Post by: Dan on April 07, 2011, 08:11:59 PM
I am just worried they are going to come back and ask for documentation/receipts for all that. How far will they go?
They won't go that far.
Title: Re: Amex Financial Review
Post by: AsherO on April 07, 2011, 08:12:25 PM
The deposits don't even say cash it says deposits - bunch there was a lot of cash in and out of account between $10,000- $20,000 for the 3 months

As long as they aren't the same amount as mint orders/Amex charges hopefully you're safe.
Title: Re: Amex Financial Review
Post by: pyth on April 07, 2011, 08:28:56 PM
I usually deposit by Mint coins to a business account ( from my vending machine business ;)) and they transfer funds to a linked personal account and then payoff credit cards.  All my transfers are in random amounts ranging from $250 to $1,950 So I hope they don't go crazy and audit me
Title: Re: Amex Financial Review
Post by: YudiG on April 11, 2011, 01:57:54 AM
anyone knw how long is best to wait after pre-empting a FR and closing accounts b4 reapplying for a amex?

if my father adds me as  a AU will they target him as well if he is at the same address?
Title: Re: Amex Financial Review
Post by: AsherO on April 11, 2011, 02:03:21 AM
anyone knw how long is best to wait after pre-empting a FR and closing accounts b4 reapplying for a amex?
I'd say at very least 3 months, maybe six. They may very well turn around and ask for docs at that time too.

if my father adds me as  a AU will they target him as well if he is at the same address?

If you're asking because you'd like to have an Amex card to use, have him add someone else and use that card.
Title: Re: Amex Financial Review
Post by: YudiG on April 11, 2011, 02:06:22 AM
I'd say at very least 3 months, maybe six. They may very well turn around and ask for docs at that time too.

If you're asking because you'd like to have an Amex card to use, have him add someone else and use that card.

thanks!

if already has a amex and its registered at the same address i had is he at risk? what should he do?
Title: Re: Amex Financial Review
Post by: AsherO on April 11, 2011, 02:11:59 AM
if already has a amex and its registered at the same address i had is he at risk? what should he do?

I don't think that alone would be an F/R risk, but I'm not sure.
Title: Re: Amex Financial Review
Post by: Dan on April 11, 2011, 09:46:02 AM
Yes, AMEX is known for targeting other people at the same address for an F/R.
YMMV.
Title: Re: Amex Financial Review
Post by: YudiG on April 11, 2011, 09:50:58 AM
Yes, AMEX is known for targeting other people at the same address for an F/R.
YMMV.

so how is best to keep a low profile? just pray?
Title: Re: Amex Financial Review
Post by: shmooz on April 11, 2011, 11:53:50 AM
I wonder if having a online  savings account with Amex would help avoid FR since they can see you have money to back up the purchases.
Title: Re: Amex Financial Review
Post by: Dan on April 11, 2011, 11:56:49 AM
so how is best to keep a low profile? just pray?
Yup.

I wonder if having a online  savings account with Amex would help avoid FR since they can see you have money to back up the purchases.
It does not help.
Title: Re: Amex Financial Review
Post by: shmooz on April 11, 2011, 12:00:18 PM
It does not help.

So what are they after?
Title: Re: Amex Financial Review
Post by: YudiG on April 12, 2011, 01:24:06 AM
anyone out there recover from an amex FR...how long did it take to get a new card...i really need a starwoods back :(
Title: Re: Amex Financial Review
Post by: Devorah on April 12, 2011, 03:34:22 PM
Just got approved for the Plat after being FR'ed in October.  I wasn't shut down - just had my CL cut.
Title: Re: Amex Financial Review
Post by: AsherO on April 12, 2011, 05:30:13 PM
Just got approved for the Plat after being FR'ed in October.  I wasn't shut down - just had my CL cut.

Mazal tov!
Title: Re: Amex Financial Review
Post by: YudiG on April 12, 2011, 07:50:45 PM
Just got approved for the Plat after being FR'ed in October.  I wasn't shut down - just had my CL cut.

when u were fr/ed did u cancel the account or did u send them the tax form and then they cut ur limit?
Title: Re: Amex Financial Review
Post by: Devorah on April 12, 2011, 09:11:56 PM
when u were fr/ed did u cancel the account or did u send them the tax form and then they cut ur limit?
Sent the form.
Title: Re: Amex Financial Review
Post by: Jimbob on April 13, 2011, 10:53:14 PM
They are closing my account bec. I can't provide them with the social
security cards of the additional card holders on my account.


And by the way, this is my second FR. I just had an FR about 2 months ago. :-[
Title: Re: Amex Financial Review
Post by: Avid Reader on April 13, 2011, 10:56:35 PM
They are closing my account bec. I can't provide them with the social
security cards of the additional card holders on my account.


Can't you just remove the AU's?
Title: Re: Amex Financial Review
Post by: Jimbob on April 13, 2011, 11:09:27 PM
Can't you just remove the AU's?
I did that, but since the AU's were there when they started the FR, they required that
information even though their cards were closed. On a positive note though, they are
allowing me the option to close the account myself rather than having them close it.
Title: Re: Amex Financial Review
Post by: myb821 on April 13, 2011, 11:15:58 PM
y cant u provide the ss#
Title: Re: Amex Financial Review
Post by: AsherO on April 13, 2011, 11:57:13 PM
I did that, but since the AU's were there when they started the FR, they required that
information even though their cards were closed. On a positive note though, they are
allowing me the option to close the account myself rather than having them close it.

They're F/Ring your AUs? Isn't it all about establishing your ability to pay?
Title: Re: Amex Financial Review
Post by: Chaikel on April 28, 2011, 03:01:20 PM
Just got FRed. Only thing I did on the card was Amazon payment, so heads up
Title: Re: Amex Financial Review
Post by: AsherO on April 28, 2011, 03:03:39 PM
Just got FRed. Only thing I did on the card was Amazon payment, so heads up

OMG :'( Did you survive?
Title: Re: Amex Financial Review
Post by: Chaikel on April 28, 2011, 04:17:57 PM
OMG :'( Did you survive?
It's my wife and right now we're shchiv mra
Title: Re: Amex Financial Review
Post by: myb821 on April 28, 2011, 04:26:06 PM
It's my wife and right now we're shchiv mra
we wish u the best of luck
Title: Re: Amex Financial Review
Post by: AsherO on April 29, 2011, 01:08:20 AM
we wish u the best of luck

+1. May Nissan bring you redemption and miracles :)
Title: Re: Amex Financial Review
Post by: fetcher on April 29, 2011, 05:48:43 PM
Just got FRed. Only thing I did on the card was Amazon payment, so heads up

How much are you doing?   Did you pay off the balance right away? or did you wait until the statement closed?
Best of luck
Title: Re: Amex Financial Review
Post by: MOSES on April 30, 2011, 10:39:20 PM
y cant u provide the ss#
+1
Care to explain?
Title: Re: Amex Financial Review
Post by: Chaikel on April 30, 2011, 11:31:01 PM
How much are you doing?   Did you pay off the balance right away? or did you wait until the statement closed?
Best of luck
didn't pay, went to FR before it closed
Title: Help amex froze acct
Post by: moshiach1 on May 13, 2011, 02:51:45 PM
basically I applied for the platinum a month ago and I got a letter that they froze my account bec they need to verify my financial info and they need my tax return. Any advice ? bec im worried i make too little and I wrote i make much more on the application. Should i send them my tax return?
Title: Re: Help amex froze acct
Post by: Mikeoracle on May 13, 2011, 03:02:33 PM
basically I applied for the platinum a month ago and I got a letter that they froze my account bec they need to verify my financial info and they need my tax return. Any advice ? bec im worried i make too little and I wrote i make much more on the application. Should i send them my tax return?
If you dont send in the forms they very possibly will close your accounts. If you send in the forms usually they will only lower credit limits if they see you make too little. There is no guarantee either way but from others experience that seems to be the case.

If you have a strong feeling that they will close your accounts anyways then it may be best for you to tell them that you want to close the accounts- that way your credit report will show as "account closed by user" which is better than "account closed by issuer".
Title: Re: Amex Financial Review
Post by: moshiach1 on May 13, 2011, 06:05:35 PM
Basically i wrote i make 70k a yr and i make much much less. Should i send in my tax return or just tell them im a full time student and show them my bank statements?
Title: Re: Amex Financial Review
Post by: Cholentfresser on May 13, 2011, 06:10:34 PM
Basically i wrote i make 70k a yr and i make much much less. Should i send in my tax return or just tell them im a full time student and show them my bank statements?
How is this question different than
basically I applied for the platinum a month ago and I got a letter that they froze my account bec they need to verify my financial info and they need my tax return. Any advice ? bec im worried i make too little and I wrote i make much more on the application. Should i send them my tax return?
??
Title: Re: Amex Financial Review
Post by: moshiach1 on May 13, 2011, 06:36:17 PM
How is this question different than??
Because I wrote that prior to reading the forum, before I wrote should i send it . now im asking whats beter to do 1)send it or 2) dont send it and say im a full time student with no salary and send them bank statements?
Title: Re: Amex Financial Review
Post by: moshiach1 on May 14, 2011, 11:43:46 PM
IS 20K ENOUGH FOR THEM TO LET ME KEEP MY AMEX PLATINUM ? ANYONE?? ALSO WILL I GET FRIED OR IN TROUBLE IF I SEND IN MY 4506T IF I WROTE I MAKE MUCH MORE? ?..
Title: Re: Amex Financial Review
Post by: Dan on May 14, 2011, 11:48:36 PM
IS 20K ENOUGH FOR THEM TO LET ME KEEP MY AMEX PLATINUM ? ANYONE?? ALSO WILL I GET FRIED OR IN TROUBLE IF I SEND IN MY 4506T IF I WROTE I MAKE MUCH MORE? ?..
Send it in.
They'll place a credit limit on your card, but hopefully they won't cancel your cards.
Title: Re: Amex Financial Review
Post by: AsherO on May 14, 2011, 11:50:20 PM
IS 20K ENOUGH FOR THEM TO LET ME KEEP MY AMEX PLATINUM ? ANYONE?? ALSO WILL I GET FRIED OR IN TROUBLE IF I SEND IN MY 4506T IF I WROTE I MAKE MUCH MORE? ?..

Fried?

You have nothing to lose, if you don't send it they'll close your cards. I sent them my 4506-T and I still report higher (albeit 'household') income.

Oh, and please don't SCREAM, it isn't polite...
Title: Re: Amex Financial Review
Post by: moshiach1 on May 15, 2011, 12:05:54 AM
Fried?

You have nothing to lose, if you don't send it they'll close your cards. I sent them my 4506-T and I still report higher (albeit 'household') income.

Oh, and please don't SCREAM, it isn't polite...

]

Sorry I'm just really nervous...thinking about it the whole shabbos. But I just want to make sure 1)I wont get in trouble -it isnt fraud to write 70k while it only shows 20k on 4506t? asher how much higher did u write? 2) am i better off saying i dont have a tax return, my father supports me? 3) am i waisting my time with such a low income that theyll forsure reject me?
Title: Re: Amex Financial Review
Post by: myb821 on May 15, 2011, 12:12:16 AM
listen to the advice u were already given and send it in if it shows 20k
Title: Re: Amex Financial Review
Post by: Cholentfresser on May 15, 2011, 12:17:26 AM
listen to the advice u were already given and send it in if it shows 20k
+1
and seriously, CALM DOWN.
Title: Re: Amex Financial Review
Post by: moshiach1 on May 15, 2011, 12:18:40 AM
but anyone got experience with writing much more on application than what you really make and sending in 4506t? thats really what id like to know and if so how much did u over state..
Title: Re: Amex Financial Review
Post by: AsherO on May 15, 2011, 12:18:44 AM
Sorry I'm just really nervous...thinking about it the whole shabbos. But I just want to make sure 1)I wont get in trouble -it isnt fraud to write 70k while it only shows 20k on 4506t? asher how much higher did u write? 2) am i better off saying i dont have a tax return, my father supports me? 3) am i waisting my time with such a low income that theyll forsure reject me?

1. No risk of Fraud IMO, I wrote like triple what's reported on my tax return.
2. No, especially if your father isn't willing to send a 4506T that'll substantiate the amount you wrote.
3. I don't think so, YMMV.

listen to the advice u were already given and send it in if it shows 20k

+1
Title: Re: Amex Financial Review
Post by: moshiach1 on May 15, 2011, 01:45:14 AM
did anyone ever regret sending in your 4506t?
Title: Re: Amex Financial Review
Post by: YudiG on May 15, 2011, 08:25:59 AM
me and my wife got fr'd a couple months back and prempted  and closed our accounts cuz we didn't want to send in the tax info...my father then got fr'd - he's at the same address - and passed instatnly after sending in the form...now he was able to add us as addiotnal users on his Plat and they approved us...

are our troubles w/ amex over? should i hold off a bit longer or take advantage of these new offers? should i risk it and try reinstating my old accounts?

thanks!
Title: Re: Amex Financial Review
Post by: AsherO on May 15, 2011, 08:32:48 AM
me and my wife got fr'd a couple months back and prempted  and closed our accounts cuz we didn't want to send in the tax info...my father then got fr'd - he's at the same address - and passed instatnly after sending in the form...now he was able to add us as addiotnal users on his Plat and they approved us...

are our troubles w/ amex over? should i hold off a bit longer or take advantage of these new offers? should i risk it and try reinstating my old accounts?

thanks!

What's the risk in trying to reinstate your old accounts? My bet is they'll ask for your 4506-T unless you say your father supports you...
Title: Re: Amex Financial Review
Post by: YudiG on May 15, 2011, 08:36:04 AM
is there any advantage to reinstating vs applying for new card?

and if i say father supports..they'll buy that and stop pressing?
Title: Re: Amex Financial Review
Post by: AsherO on May 15, 2011, 08:40:48 AM
is there any advantage to reinstating vs applying for new card?

and if i say father supports..they'll buy that and stop pressing?

1. There's an advantage to each. With reinstating they probably won't pull your credit, but if they like your situation they will give you your accounts back, so there's no risk. With a new app they'll pull your credit, and you're risking denial, but if you get approved you get the bonus points for opening the account.

2. I'm not saying it's a sure thing (far from it), but what do you have to lose?

I say call and try to reinstate one card, if it flies, try applying for the Amex Platinum (or another card you weren't recently approved for), so you get a nice bonus too.
Title: Re: Amex Financial Review
Post by: 3ZeroT on May 15, 2011, 12:31:13 PM
I finally just got FR'd for the first time.  I've done lots of churning over the years without incident, but the week prior to the FR I had applied for both a Delta Skymiles and an AMEX gold card simultaneously, so I suspect that may have been a trigger.  And incidentally due to processing time differences (both apps deferred but ultimately approved), the inquiry for one card came a day later than the other on my report, so I saw no real benefit to applying simultaneously and won't try that again.

In any case I sent in the tax form.  My IRS reported income was about 90% of what I had been putting on the application.  About 4 business days later they reinstated all the accounts without any change.  And, the cards I had applied for eventually came in the mail (right in the middle of the FR actually), and I activated and already got the bonus on the Amex gold and part of the bonus on the Skymiles, so at least new accounts/promotions were not impacted either.
Title: Re: Amex Financial Review
Post by: yaakov s on May 15, 2011, 12:34:33 PM
I finally just got FR'd for the first time.  I've done lots of churning over the years without incident, but the week prior to the FR I had applied for both a Delta Skymiles and an AMEX gold card simultaneously, so I suspect that may have been a trigger.  And incidentally due to processing time differences (both apps deferred but ultimately approved), the inquiry for one card came a day later than the other on my report, so I saw no real benefit to applying simultaneously and won't try that again.

In any case I sent in the tax form.  My IRS reported income was about 90% of what I had been putting on the application.  About 4 business days later they reinstated all the accounts without any change.  And, the cards I had applied for eventually came in the mail (right in the middle of the FR actually), and I activated and already got the bonus on the Amex gold and part of the bonus on the Skymiles, so at least new accounts/promotions were not impacted either.
Great that you didn't run into any problems. I think the people on here that are scared of a F/R is because it will uncover something different then their apps , which isn't the case with you.
Title: Re: Amex Financial Review
Post by: Dan on May 15, 2011, 12:40:22 PM
If your income differs from your app they may lower your limits, but that's it.
The real issue is for people that don't make any income on the books.
Title: Re: Amex Financial Review
Post by: yaakov s on May 15, 2011, 12:44:40 PM
If your income differs from your app they may lower your limits, but that's it.
The real issue is for people that don't make any income on the books.
Books . Whats that  :)
Title: Re: Amex Financial Review
Post by: Jkhein on May 15, 2011, 12:47:27 PM
Is the main problem with getting FR mostly with Amex processed cards, or is there the same chances with citi, chase etc.
Im asking because I see alot of discussion about AMEX FRs.
Title: Re: Amex Financial Review
Post by: yaakov s on May 15, 2011, 12:50:30 PM
Is the main problem with getting FR mostly with Amex processed cards, or is there the same chances with citi, chase etc.
Im asking because I see alot of discussion about AMEX FRs.
Amex are the leaders in F/R , if you search you will see isolated incidents of F/R by Citi/ Chase
Title: Re: Amex Financial Review
Post by: aryeh1 on May 15, 2011, 12:56:07 PM
If your income differs from your app they may lower your limits, but that's it.
The real issue is for people that don't make any income on the books.

But platinum has no limit , am i right? also they wont be upset when you wrote you make tripple of what you really make?
Title: Re: Amex Financial Review
Post by: springles on May 15, 2011, 01:39:36 PM
Can someone give a short summary on the FR process? Do they do it randomly? what puts you at risk? And what does it mean if you get FR'd?
Title: Re: Amex Financial Review
Post by: Dan on May 15, 2011, 01:40:11 PM
But platinum has no limit , am i right? also they wont be upset when you wrote you make tripple of what you really make?
They can limit charge cards if they want.
They'll express their displeasure by lowering your limits.
Title: Re: Amex Financial Review
Post by: 3ZeroT on May 15, 2011, 01:46:10 PM
Is there a general 'grace period' after you've been FR'd such that they can't/won't FR you again?
Title: Re: Amex Financial Review
Post by: aryeh1 on May 15, 2011, 01:49:25 PM
They can limit charge cards if they want.
They'll express their displeasure by lowering your limits.
Ill accept that from them...
Title: Re: Amex Financial Review
Post by: Saver2000 on May 15, 2011, 02:02:47 PM
is there any advantage to reinstating vs applying for new card?

and if i say father supports..they'll buy that and stop pressing?

I got fr'd about 8 months ago. I told them that my father was doing all the spending and therefore he was the one paying (they already knew that he was doing the spending cuz each au card number is different ) . They were very unsatisfied with my explanation. They said that they can't ask for - and won't accept my fathers tax return and they would need my proof of income to show that I was capable of paying the amount that was being spent on the card since its under my name and at the end of the day I'm the one responsible for the account. (Meaning if c"v my father wouldn't be able to pay it,it would fall on. me) wat may have triggeeed the fr is one of two things
1) the au was doing all spending on the account
2) I ordered $1000 from the mint.
Long story short,  my account got closed then went into collections bec. I enrolled in hardship program.  End of story: finally last month I got them to wipe the account off my credit report/totally deleted.  Was a big mess and took a lot of time.
Title: Re: Amex Financial Review
Post by: Dan on May 15, 2011, 02:13:05 PM
I got fr'd about 8 months ago. I told them that my father was doing all the spending and therefore he was the one paying (they already knew that he was doing the spending cuz each au card number is different ) . They were very unsatisfied with my explanation. They said that they can't ask for - and won't accept my fathers tax return and they would need my proof of income to show that I was capable of paying the amount that was being spent on the card since its under my name and at the end of the day I'm the one responsible for the account. (Meaning if c"v my father wouldn't be able to pay it,it would fall on. me) wat may have triggeeed the fr is one of two things
1) the au was doing all spending on the account
2) I ordered $1000 from the mint.
Long story short,  my account got closed then went into collections bec. I enrolled in hardship program.  End of story: finally last month I got them to wipe the account off my credit report/totally deleted.  Was a big mess and took a lot of time.
Did you offer to add your father as a joint account holder?
Title: Re: Amex Financial Review
Post by: Saver2000 on May 15, 2011, 02:39:51 PM
Did you offer to add your father as a joint account holder?


No. He was just an au. Do think they would've accepted his paperwork if he was a joint holder?
Title: Re: Amex Financial Review
Post by: Dan on May 15, 2011, 02:40:56 PM

No. He was just an au. Do think they would've accepted his paperwork if he was a joint holder?
No idea, just a thought.
Title: Re: Amex Financial Review
Post by: yaakov s on May 15, 2011, 02:41:18 PM
I got fr'd about 8 months ago. I told them that my father was doing all the spending and therefore he was the one paying (they already knew that he was doing the spending cuz each au card number is different ) . They were very unsatisfied with my explanation. They said that they can't ask for - and won't accept my fathers tax return and they would need my proof of income to show that I was capable of paying the amount that was being spent on the card since its under my name and at the end of the day I'm the one responsible for the account. (Meaning if c"v my father wouldn't be able to pay it,it would fall on. me) wat may have triggeeed the fr is one of two things
1) the au was doing all spending on the account
2) I ordered $1000 from the mint.
Long story short,  my account got closed then went into collections bec. I enrolled in hardship program.  End of story: finally last month I got them to wipe the account off my credit report/totally deleted.  Was a big mess and took a lot of time.
Nothing personal , but it seems like they had a good reason for a F/R . Hatzlocha
Title: Re: Amex Financial Review
Post by: Saver2000 on May 15, 2011, 02:42:27 PM
Nothing personal , but it seems like they had a good reason for a F/R . Hatzlocha

Wat do u mean?
Title: Re: Amex Financial Review
Post by: yaakov s on May 15, 2011, 02:43:34 PM
Wat do u mean?
I was referring to this line "I enrolled in hardship program"
Title: Re: Amex Financial Review
Post by: Saver2000 on May 15, 2011, 03:04:14 PM
I was referring to this line "I enrolled in hardship program"

okay let me explain; once the account was closed I was in no rush to pay off the balance.Since they were the ones that closed the account they offered me to enroll in the hardship program. I didnt see why there could be any downside so I took up the offer. The way it works is as follows -- they let u pay of the balance in installments and if u pay off the entire balance within 12 months ( the required monthly installment payment alone would take longer than 12 months) they don't charge u interest. Now here's the catch -- while on the program, the account is reported to the credit baures as "late payment/payment never received " every month. Once u complete the program, they do "reverse reporting " and put the account as " current/closed by creditor. I payed off the account within 6 months. At that time it was being reported as 120 days past due which would go down as a collection.
 At that time I called in to the " reverse reporting" done. They sai
Title: Re: Amex Financial Review
Post by: txtmax4 on May 18, 2011, 11:23:30 PM
Nu, I'm in suspense!
Title: Re: Amex Financial Review
Post by: Chaikel on May 22, 2011, 07:57:50 AM
What happens when Amex FRs a business card?
Do they ask for personal Tax info or Corporate?
Title: Re: Amex Financial Review
Post by: AsherO on May 22, 2011, 08:12:33 AM
What happens when Amex FRs a business card?
Do they ask for personal Tax info or Corporate?

AFAIK (IME, though I had both personal and biz cards), the F/Rs are personal, though I imagine you can show corporate assets as well. As I stated elsewhere, Amex doesn't just want to see that you're profitable, they want to see that you have the means to pay them (for some businesses that's $100,000+ at a time) even if something falls through.
Title: Re: Amex Financial Review
Post by: Chaikel on May 22, 2011, 08:27:42 AM
AFAIK (IME, though I had both personal and biz cards), the F/Rs are personal, though I imagine you can show corporate assets as well. As I stated elsewhere, Amex doesn't just want to see that you're profitable, they want to see that you have the means to pay them (for some businesses that's $100,000+ at a time) even if something falls through.
So basically, if I want to charge 40k+ a month, basically guaranteeing an FR, and I have no tax returns, it really wont make a difference if the business can show that it can pay back?
Title: Re: Amex Financial Review
Post by: myb821 on May 22, 2011, 08:29:51 AM
So basically, if I want to charge 40k+ a month, basically guaranteeing an FR, and I have no tax returns, it really wont make a difference if the business can show that it can pay back?
no if the buisness can show it can pay it back u shold put on th ebuisness card bc for a an fr of ur personal cards im pretty sure they only accept ur tax return so the buisness stuff wont matter
Title: Re: Amex Financial Review
Post by: AsherO on May 22, 2011, 09:29:23 AM
So basically, if I want to charge 40k+ a month, basically guaranteeing an FR, and I have no tax returns, it really wont make a difference if the business can show that it can pay back?

Hard to know. If it's a business card they might accept business documents/assets/statements etc.

no if the buisness can show it can pay it back u shold put on th ebuisness card bc for a an fr of ur personal cards im pretty sure they only accept ur tax return so the buisness stuff wont matter

Where'd you get that from? Experience?
Title: Re: Amex Financial Review
Post by: myb821 on May 22, 2011, 09:30:19 AM
Hard to know. If it's a business card they might accept business documents/assets/statements etc.

Where'd you get that from? Experience?
i believe i saw someone posted something like that on ft and they wouldnt accept his biz docs for an fr on a personal card but i may be remembering incorrectly
Title: Re: Amex Financial Review
Post by: AsherO on May 22, 2011, 09:31:18 AM
i believe i saw someone posted something like that on ft and they wouldnt accept his biz docs for an fr on a personal card but i may be remembering incorrectly

I meant the first part, I should've highlighted it.
Title: Re: Amex Financial Review
Post by: myb821 on May 22, 2011, 09:34:09 AM
if they fred a biz account u dont think they would allow biz documents not sure what ur asking
Title: Re: Amex Financial Review
Post by: AsherO on May 22, 2011, 09:41:24 AM
if they fred a biz account u dont think they would allow biz documents not sure what ur asking

You might think so, but what's obvious isn't always the case with Amex F/R, so I was asking you to clarify if you were talking from experience. For all we know, when they F/R businesses they still (also?) consider personal 4506-T data in their decision.
Title: Re: Amex Financial Review
Post by: myb821 on May 22, 2011, 09:43:57 AM
Got it. No not from experience sorry
Title: Re: Amex Financial Review
Post by: stevesteve on May 22, 2011, 07:58:03 PM
My credit is stellar. I would typically get approved for any application that I submit, however Amex put me under FR and ultimately have me the option of shutting down my accounts prior to them shutting them down , so I did just that. Do u think that will have any affect on a Citi Amex card application?
Title: Re: Amex Financial Review
Post by: myb821 on May 22, 2011, 07:59:59 PM
My credit is stellar. I would typically get approved for any application that I submit, however Amex put me under FR and ultimately have me the option of shutting down my accounts prior to them shutting them down , so I did just that. Do u think that will have any affect on a Citi Amex card application?
no totally unrelated one is issued from amex one is issued from citibank using amex dont worry
Title: Re: Amex Financial Review
Post by: AsherO on May 22, 2011, 10:31:26 PM
no totally unrelated one is issued from amex one is issued from citibank using amex dont worry

+1. Unless the account closures have already been reported and had an adverse effect on your score.
Title: Re: Amex Financial Review
Post by: nageeork on May 23, 2011, 03:56:25 PM
I just got a call from Amex that they want to review me. I told them I would call them back and they said that I should not use my starwood or platinum card until I call them back. I was planning on cancelling the platinum card soon. Is there a reason not to cancel the card before I call them back? Is it better to cancel it?
Title: Re: Amex Financial Review
Post by: myb821 on May 23, 2011, 03:58:29 PM
I just got a call from Amex that they want to review me. I told them I would call them back and they said that I should not use my starwood or platinum card until I call them back. I was planning on cancelling the platinum card soon. Is there a reason not to cancel the card before I call them back? Is it better to cancel it?
ur under F/R do u have an income similar to the one you reported?
Title: Re: Amex Financial Review
Post by: Dan on May 23, 2011, 04:32:10 PM
The income doesn't need to be what you said, it just needs to exist.
Title: Re: Amex Financial Review
Post by: nageeork on May 23, 2011, 07:43:13 PM
ur under F/R do u have an income similar to the one you reported?

Yes a combination of mine and my wife's income...
Title: Re: Amex Financial Review
Post by: nageeork on May 23, 2011, 07:43:54 PM
ur under F/R do u have an income similar to the one you reported?

What triggered the f/r?
Title: Re: Amex Financial Review
Post by: myb821 on May 23, 2011, 07:46:41 PM
Yes a combination of mine and my wife's income...
if u have the income just send in the forms they require and u will be fine u dont need to cancel anything
Title: Re: Amex Financial Review
Post by: nageeork on May 23, 2011, 07:47:35 PM
if u have the income just send in the forms they require and u will be fine u dont need to cancel anything

Also, does allowance count as income?
Title: Re: Amex Financial Review
Post by: myb821 on May 23, 2011, 07:48:28 PM
Also, does allowance count as income?
what is allowance? they r going to ask for ur tax return so if ur tax return shows it u r ok
Title: Re: Amex Financial Review
Post by: AsherO on May 23, 2011, 07:48:57 PM
What triggered the f/r?

Any recent applications?
Any recent purchases of giftcards and/or prepaid cards?
Any recent funding of bank accounts?
Any recent large transactions and/or high utilization of your credit line?
Title: Re: Amex Financial Review
Post by: nageeork on May 23, 2011, 07:50:38 PM
Any recent applications?
Any recent purchases of giftcards and/or prepaid cards?
Any recent funding of bank accounts?
Any recent large transactions and/or high utilization of your credit line?

I got the platinum card a little while ago and I purchased an Amex giftcard with it.
Title: Re: Amex Financial Review
Post by: AsherO on May 23, 2011, 07:52:29 PM
I got the platinum card a little while ago and I purchased an Amex giftcard with it.

That's a trigger right there!
Title: Re: Amex Financial Review
Post by: myb821 on May 23, 2011, 07:52:46 PM
I got the platinum card a little while ago and I purchased an Amex giftcard with it.
ding ding ding we have a winner the gc might have triggered it
Title: Re: Amex Financial Review
Post by: nageeork on May 23, 2011, 07:55:57 PM
ding ding ding we have a winner the gc might have triggered it

I ended up getting messed with the giftcard. Amex canceled the charge for it because they said it was purchased inappropriately...
Title: Re: Amex Financial Review
Post by: AsherO on May 23, 2011, 07:57:55 PM
I ended up getting messed with the giftcard. Amex canceled the charge for it because they said it was purchased inappropriately...

Well, double loss with Amex. Hopefully you'll keep the card once you send your 4506T.
Title: Re: Amex Financial Review
Post by: elikay on May 23, 2011, 08:56:39 PM
Also, does allowance count as income?
Sure, (you may need to prove it)
Title: Re: Amex Financial Review
Post by: elikay on May 23, 2011, 09:33:30 PM
My credit is stellar. I would typically get approved for any application that I submit, however Amex put me under FR and ultimately have me the option of shutting down my accounts prior to them shutting them down , so I did just that. Do u think that will have any affect on a Citi Amex card application?
Interesting they actually offered you that option
Title: Re: Amex Financial Review
Post by: AsherO on May 23, 2011, 09:48:33 PM
Interesting they actually offered you that option

I've heard that before.
Title: Re: Amex Financial Review
Post by: aryeh1 on June 04, 2011, 11:30:33 PM
anyone get FR recently? My father did and he just closed all his cards. A day later my mother did too. I dont get it, are they intentionaly trying to lose customers? My father has been an amex customer for 20 years and never paid late.
Title: Re: Amex Financial Review
Post by: stevesteve on June 04, 2011, 11:42:46 PM
anyone get FR recently? My father did and he just closed all his cards. A day later my mother did too. I dont get it, are they intentionaly trying to lose customers? My father has been an amex customer for 20 years and never paid late.
If she can verify her income she should send in her paperwork. If her income justifies her charging habits they will leave her accounts open. (usually)
Title: Re: Amex Financial Review
Post by: Cholentfresser on June 05, 2011, 12:33:54 AM
anyone get FR recently? My father did and he just closed all his cards. A day later my mother did too. I dont get it, are they intentionaly trying to lose customers? My father has been an amex customer for 20 years and never paid late.
why did they close all their cards? did they simply not want to deal with the whole headache?
Title: Re: Amex Financial Review
Post by: Q274 on June 05, 2011, 12:42:06 AM
anyone get FR recently? My father did and he just closed all his cards. A day later my mother did too. I dont get it, are they intentionaly trying to lose customers? My father has been an amex customer for 20 years and never paid late.
it seems like they fr in families, also if your father ever wants to get an amex card again, afaik he will need to take care of that fr might as well do it now
Title: Re: Amex Financial Review
Post by: aryeh1 on June 05, 2011, 12:52:32 AM
it seems like they fr in families, also if your father ever wants to get an amex card again, afaik he will need to take care of that fr might as well do it now

Hes very skeptical giving them his tax return/financial info...

Also They're ovbiously not too bright. My mother never paid late for 10 yrs and she currently has a balance of $6000 from this statement(which is usual spending) , they rather risk not getting paid bec of this FR.Some people would just say to them - alright close my accts i'm not paying you.
Title: Re: Amex Financial Review
Post by: Cholentfresser on June 05, 2011, 12:57:21 AM
Hes very skeptical giving them his tax return/financial info...

Also They're ovbiously not too bright. My mother never paid late for 10 yrs and she currently has a balance of $6000 from this statement(which is usual spending) , they rather risk not getting paid bec of this FR.Some people would just say to them - alright close my accts i'm not paying you.
even if you close an account, you still need to pay...
Title: Re: Amex Financial Review
Post by: Saver2000 on June 05, 2011, 01:02:56 AM
Hes very skeptical giving them his tax return/financial info...

Also They're ovbiously not too bright. My mother never paid late for 10 yrs and she currently has a balance of $6000 from this statement(which is usual spending) , they rather risk not getting paid bec of this FR.Some people would just say to them - alright close my accts i'm not paying you.

You still to pay even if u close the card. If u don't pay, it will get reported as late.  If u don't pay for 90 days it will get reported to the bureaus as delinquent.
Title: Re: Amex Financial Review
Post by: elikay on June 05, 2011, 02:14:42 AM
FRs have been extensively discussed, if you can prove any income they will not shut you down. Its not uncommon to happen even to 10-20 year customers. Very often they'll audit more than one person at the same address. As far as taking care of the FR now rather than later - never heard of that (that you'd have a standing FR if you'd ever try to apply again).
Title: Re: Amex Financial Review
Post by: stevesteve on June 05, 2011, 07:54:04 AM
FRs have been extensively discussed, if you can prove any income they will not shut you down. Its not uncommon to happen even to 10-20 year customers. Very often they'll audit more than one person at the same address. As far as taking care of the FR now rather than later - never heard of that (that you'd have a standing FR if you'd ever try to apply again).
I got FR 3 years ago. At the time I could not not provide them with paperwork they wanted so I got shut down. I then waited 2 years to reapply for a Amex did not get approval online and than got a letter requesting a 4506. I sent in the paperwork and got approved. Three months later I applied for another Amex and the same reoccurred.
The exact same thing happened to my wife as well.
Title: Re: Amex Financial Review
Post by: aryeh1 on June 05, 2011, 08:10:09 AM
even if you close an account, you still need to pay...

FRs have been extensively discussed, if you can prove any income they will not shut you down. Its not uncommon to happen even to 10-20 year customers. Very often they'll audit more than one person at the same address. As far as taking care of the FR now rather than later - never heard of that (that you'd have a standing FR if you'd ever try to apply again).

I know but I'm sure some dont feel like paying them, when amex shuts their accts down. Im saying it would be smarter of them to do an Fr when there is a 0 balance
Title: Re: Amex Financial Review
Post by: Cholentfresser on June 05, 2011, 08:21:31 AM
maybe they'd want to specifically do it when u have a nice size bill due, because if u don't pay up you get charged interest...
Title: Re: Amex Financial Review
Post by: aryeh1 on June 05, 2011, 08:29:07 AM
Just wondering, if i made a purchase before the FR and the charge is in pending transactions-will it post to my acct since they froze it?
Title: Re: Amex Financial Review
Post by: smurf on June 05, 2011, 08:59:26 AM
Just wondering, if i made a purchase before the FR and the charge is in pending transactions-will it post to my acct since they froze it?
most likely that it will
Title: Re: Amex Financial Review
Post by: elikay on June 05, 2011, 09:02:58 AM
@stevesteve
There Amexshut your account, how about where you shut it first?
Title: Re: Amex Financial Review
Post by: Cholentfresser on June 05, 2011, 09:05:52 AM
@elikay
do u think that would make a dif? it seems that its bc the FR, not bc of the account being closed...
Title: Re: Amex Financial Review
Post by: miles on June 05, 2011, 02:51:12 PM
now i'm on the FR' list my 1040 is with 25k less then on my apps but i have proof of 25k that don't need to be reported on 1040 (T. return check and i have about 20k from rewards checks ) and my Rep. told me he want look on it
Title: Re: Amex Financial Review
Post by: aryeh1 on June 05, 2011, 03:56:33 PM
do you still get the airline credit after a fr? the 100 credit didnt post yet
Title: Re: Amex Financial Review
Post by: stevesteve on June 05, 2011, 04:18:12 PM
@stevesteve
There Amexshut your account, how about where you shut it first?
I don't think it makes a difference, once your ssn is under FR I believe the next time you apply they gonna want documentation. At least that's what happened to me and that's what I understand from speaking with other people who have been through this.
Title: Re: Amex Financial Review
Post by: AsherO on June 05, 2011, 04:22:24 PM
it seems like they fr in families, also if your father ever wants to get an amex card again, afaik he will need to take care of that fr might as well do it now

Not always. IME they didn't BH.

I don't think it makes a difference, once your ssn is under FR I believe the next time you apply they gonna want documentation. At least that's what happened to me and that's what I understand from speaking with other people who have been through this.

YMMV, some people have reported not needing docs when applying some time later.
Title: Re: Amex Financial Review
Post by: miles on June 05, 2011, 10:23:50 PM
now i'm on the FR' list my 1040 is with 25k less then on my apps but i have proof of 25k that don't need to be reported on 1040 (T. return check and i have about 20k from rewards checks ) and my Rep. told me he want look on it
is there any chance my cards will stay open or i should close my accounts
Title: Re: Amex Financial Review
Post by: AsherO on June 05, 2011, 10:26:42 PM
is there any chance my cards will stay open or i should close my accounts

If you send them 4506T with income (even if it's low), your accounts will probably stay open.
Title: Re: Amex Financial Review
Post by: aryeh1 on June 06, 2011, 12:07:04 PM
They basically financial reviewed my whole family within a few weeks. 1st my father than mother than me etc. Did this happen to anyone else ie. wife after you? it seems to run in families...
Title: Re: Amex Financial Review
Post by: AsherO on June 06, 2011, 12:10:47 PM
They basically financial reviewed my whole family within a few weeks. 1st my father than mother than me etc. Did this happen to anyone else ie. wife after you? it seems to run in families...

It's been reported before, but this isn't always the case.
Title: Re: Amex Financial Review
Post by: Q274 on June 12, 2011, 08:50:36 AM
Grrrrr- just got fr'ed all 5 of my cards
Title: Re: Amex Financial Review
Post by: aryeh1 on June 12, 2011, 08:53:57 AM
Grrrrr- kjust got fr'ed all 5 of my cards
It seems like having a platinum = frd. My whole family got frd. Do you know what prompted it?
Title: Re: Amex Financial Review
Post by: Cholentfresser on June 12, 2011, 08:55:16 AM
:(
Title: Re: Amex Financial Review
Post by: Q274 on June 12, 2011, 09:34:22 AM
It seems like having a platinum = frd. My whole family got frd. Do you know what prompted it?
no clue sorry did not do anything different recently than i have been doing since i got the platinum card in december.
Oh well will keep all updated iyh
Title: Re: Amex Financial Review
Post by: mancunian on June 13, 2011, 04:46:04 PM
just got f/rd

had a plat & starwood.
signed up for gold and plat and was approved, got gold in the mail and activated it and made a little transaction.

made one transaction which was 40% of starwood limit just now. lady asked if i'm doing business transactions. i said no, i had thought about it, should i open a bus card for that? had a bit of a chat about that, then put me on hold and asked for my docs.

she said they may need to put limits on my charge cards, cause the bill has to be paid in full and thats hard... and the fees are soooo expensive, are you sure your able to pay so much? and on two plat cards?
she said if i want to cancel to call her.

should i call her to cancel all my cards or call the regular number?
Title: Re: Amex Financial Review
Post by: bades on June 13, 2011, 06:16:18 PM
If you send them 4506T with income (even if it's low), your accounts will probably stay open.

whats considered low??/?
Title: Re: Amex Financial Review
Post by: Q274 on June 13, 2011, 06:19:13 PM
Can you transfer pts while in fr
Title: Re: Amex Financial Review
Post by: mancunian on June 13, 2011, 06:41:38 PM
can someone answer my question?!?!?!?

should cancel through her or through the regular number??? i've never filed taxes!1!!!!1!
Title: Re: Amex Financial Review
Post by: myb821 on June 13, 2011, 06:44:16 PM
can someone answer my question?!?!?!?

should cancel through her or through the regular number??? i've never filed taxes!1!!!!1!
call the number on the back of ur card and cancel ur accounts stop freaking out
Title: Re: Amex Financial Review
Post by: bades on June 13, 2011, 07:12:27 PM
can someone answer my question?!?!?!?

should cancel through her or through the regular number??? i've never filed taxes!1!!!!1!
before u cancel get all ur points out
Title: Re: Amex Financial Review
Post by: elikay on June 13, 2011, 07:38:29 PM
don't you have 30 days for the points?
Title: Re: Amex Financial Review
Post by: mancunian on June 13, 2011, 08:12:39 PM
thanks

all my points are out.

what about the platinum card i didn't get yet? how can i cancel that one?
Title: Re: Amex Financial Review
Post by: aryeh1 on June 13, 2011, 08:24:34 PM
thanks

all my points are out.

what about the platinum card i didn't get yet? how can i cancel that one?

She can cancel it for you ( the one frd you ). I told the frd that i rather cancel my card than give my 1040. She felt stupid.
Title: Re: Amex Financial Review
Post by: miles on June 13, 2011, 09:14:55 PM
now i'm on the FR' list my 1040 is with 25k less then on my apps but i have proof of 25k that don't need to be reported on 1040 (T. return check and i have about 20k from rewards checks ) and my Rep. told me he want look on it
finally om finish on my delta they didn't touch my blue cash they cut from 25k to 10k my plat. the limited to 13k
now my wife got a call from them
Title: Re: Amex Financial Review
Post by: mancunian on June 13, 2011, 10:31:58 PM
She can cancel it for you ( the one frd you ). I told the frd that i rather cancel my card than give my 1040. She felt stupid.
so u canceled with the person who called you then. and it was no prob i take it? (meaning wasnt closed in connection with fr or whatever)?
i'll call first thing in the morning
Title: Re: Amex Financial Review
Post by: aryeh1 on June 13, 2011, 11:36:59 PM
so u canceled with the person who called you then. and it was no prob i take it? (meaning wasnt closed in connection with fr or whatever)?
i'll call first thing in the morning
Yes it was no problem she cancelled it as per my request ( i got a letter in the mail that i requested to close my acct)- no connection to fr.
Title: Re: Amex Financial Review
Post by: syp5 on June 14, 2011, 12:13:12 AM
wife and i recently got fr'd sent in 4506t wiith very low income. Lady called my wife today that she will be closing her accounts, my wife asked if she can have it closed by consumer request, lady checked with supervisor and said she can do that. I closed all accts besides for my business card and still waiting for a reply. It seems they are doing alot of fr's these days i personally know 5 people to get fr'd in the past 2 weeks.
Title: Re: Amex Financial Review
Post by: aryeh1 on June 14, 2011, 12:15:33 AM
wife and i recently got fr'd sent in 4506t wiith very low income. Lady called my wife today that she will be closing her accounts, my wife asked if she can have it closed by consumer request, lady checked with supervisor and said she can do that. I closed all accts besides for my business card and still waiting for a reply. It seems they are doing alot of fr's these days i personally know 5 people to get fr'd in the past 2 weeks.

I agree
Title: Re: Amex Financial Review
Post by: Q274 on June 14, 2011, 12:16:21 AM
It seems they are doing alot of fr's these days i personally know 5 people to get fr'd in the past 2 weeks.
is it possible that perhaps you now happen to know a lot of people with amex cards now bec of these amazing offers and therefore it just seems like they are fring a lot but it really is not
Title: Re: Amex Financial Review
Post by: Cholentfresser on June 14, 2011, 12:16:40 AM
If I'm following correctly, Y. Dinovitzer and mancunian who've both just been FRed, each had 2 open platinum cards at the same time. I guess that's the new FR trigger...
Title: Re: Amex Financial Review
Post by: compddd on June 14, 2011, 10:10:35 AM
AsherO mentioned earlier that funding of bank accounts could be a trigger for FR, what is that exactly? Google didn't turn up any help.
Title: Re: Amex Financial Review
Post by: elikay on June 14, 2011, 03:29:47 PM
using a CC for initial deposit on a new bank account.
Title: Re: Amex Financial Review
Post by: Avid Reader on June 14, 2011, 08:09:26 PM
can someone answer my question?!?!?!?

should cancel through her or through the regular number??? i've never filed taxes!1!!!!1!

Can you show some income? Ask them if they'll take that and bank statements instead of the tax return. Tell them you didn't file yet this year. It may very well work. Work for me.
Title: Re: Amex Financial Review
Post by: fdg9 on June 16, 2011, 03:34:44 PM
My wife got the 4506-T from citi relating to a NEW CC application she made (she presently has no Citi CC cards).

I called now and was told that if I ignore it, they will not process my application, which will clear the system in 90 days and it won't affect our credit.

I was told that the recent hacking of citi has caused them to issue these requests a lot.


Question:
1) If I ignore the 4506-t reuqest and dump the app, will it trigger a FR on other citi CCS, like my own?

2) If she reapplies in 90 days, will it sutomatically trigger the same request?

Title: Re: Amex Financial Review
Post by: bades on June 16, 2011, 03:47:04 PM
many people have mentioned that they reported very low incomes on a F/R. what is considered not a low income- or a high income  for F/R?
Title: Re: Amex Financial Review
Post by: Nitantnel on June 16, 2011, 06:48:54 PM
I've been reading through this read up until page 15 and still did not find what I am looking for, forgive me if it is somewhere else.

If the many credit cards are from different people (with different SSN's) trigger a FR, or not? i have a massive family and I want to know if I can apply for another card under that address?
Title: Re: Amex Financial Review
Post by: elikay on June 16, 2011, 07:18:24 PM
Multiple apps at an address is not a known trigger (though suspicious activity is), only that if one CC is FR'ed they all might be.
Title: Re: Amex Financial Review
Post by: Nitantnel on June 16, 2011, 09:41:54 PM
Multiple apps at an address is not a known trigger (though suspicious activity is), only that if one CC is FR'ed they all might be.

Thanks I will be applying for another one right now...

Modification: instant approval!
Title: Re: Amex Financial Review
Post by: aryeh1 on June 16, 2011, 11:05:29 PM
Anyone successfull getting bonus points posted while frd?
Title: Re: Amex Financial Review
Post by: Q274 on June 16, 2011, 11:46:29 PM
Yes- not onlt that I got 150k (100k for 2nd plat and 50k for pr gold) while under fr
Title: Re: Amex Financial Review
Post by: aryeh1 on June 17, 2011, 12:07:40 AM
Yes- not onlt that I got 150k (100k for 2nd plat and 50k for pr gold) while under fr

They applied the 100k total but i still see 0 even in pending transactions its 0. Is that because I have to wait for the 1st statement?
Title: Re: Amex Financial Review
Post by: Smokey Joe Robinson on June 17, 2011, 12:19:55 AM
They applied the 100k total but i still see 0 even in pending transactions its 0. Is that because I have to wait for the 1st statement?
if its manually posted on the spot by the rep (they didnt tell you 24,48 hrs)it should post way before statement....if youre looking online you may not see it until system updates. Try calling MR and punching in your info, if it doesnt say it there on the recording then you have a problem.
Title: Re: Amex Financial Review
Post by: stevesteve on July 03, 2011, 06:41:39 PM
If Amex shuts down my spg  card after a financial review, how long do I have to wait to reapply for another spg?
Title: Re: Amex Financial Review
Post by: elikay on July 03, 2011, 06:45:46 PM
Did you supply the requested info?
Title: Re: Amex Financial Review
Post by: stevesteve on July 03, 2011, 07:42:23 PM
No because the employment info on my application didnt match the info on my tax returns so i didnt want to look for trouble, so they r gonna shut me down.my question is after they shut down how long before i can reapply and thus time i will submit the correct info.
Title: Re: Amex Financial Review
Post by: elikay on July 03, 2011, 08:41:24 PM
They will probably ask for the info again before allowing an approval.
PS I hope you realize that you should shut it yourself and not let Amex shut it.
Title: Re: Amex Financial Review
Post by: stevesteve on July 03, 2011, 08:53:41 PM
I am aware of that. However you didint answer the question............ :)
How long do i have to wait before i reapply?
Title: Re: Amex Financial Review
Post by: elikay on July 03, 2011, 09:08:07 PM
Ok so we've got the OP discussing this...
Does anybody have experience with applying for any Amex card and getting approved after a Financial Review? How long to wait before reappling? Do I reopen the cards that i closed down or do I reapply for a new account? or any other helpful information
and then we've got another discussion...
anyone knw how long is best to wait after pre-empting a FR and closing accounts b4 reapplying for a amex?

if my father adds me as  a AU will they target him as well if he is at the same address?
and then...
....
......
I got FR 3 years ago. At the time I could not not provide them with paperwork they wanted so I got shut down. I then waited 2 years to reapply for a Amex did not get approval online and than got a letter requesting a 4506. I sent in the paperwork and got approved. Three months later I applied for another Amex and the same reoccurred.
The exact same thing happened to my wife as well.
!?!?!?!?!?!?!?!?
Title: Re: Amex Financial Review
Post by: ChMo on July 04, 2011, 04:54:55 AM
If I'm following correctly, Y. Dinovitzer and mancunian who've both just been FRed, each had 2 open platinum cards at the same time. I guess that's the new FR trigger...

About two months ago, I had 2 open consumer platinum cards at the same time, and didn't get FR'd. 

I still think the most likely FR trigger, is if your spending pattern starts to fall outside of your norm.  I believe that your "norm" is at least partially established by your psychodemographic profile, such as claritas prizm profiles.

Your profile is most likely established by your first couple months spending patterns, and your housing, income, age, and other demographic data.  Basically, if you dramatically change your "type", or if you have credit lines with AX over $25K, or if you increase your credit lines with AX, or if you have heavy (perhaps > 50%) utilization with them...  I think these are common FR triggers.

These are all just guesses, based on what I've read here and elsewhere. 

Also, about a year ago, I had a conversation with a former consultant to AX.  This consultant helped design some of their algorithms relating to "types", for market segmentation purposes.  During our conversation, the consultant told me repeatedly "I can't discuss specifics, that information is proprietary".  But, he did tell me about claritas prizm.  He said AX doesn't use that specifically to "type" customers, but something like it.  This link may give you an idea of your "type" (click on "segment look-up" on the top menu bar):

http://www.claritas.com/MyBestSegments/Default.jsp?ID=30&SubID=&pageName=Segment%2BLook-up

I still don't think we know for sure any reliable FR triggers, or any reliable ways to avoid FR, but probably...  don't change your habits much.
Title: Re: Amex Financial Review
Post by: ashers on July 04, 2011, 05:58:03 AM
Got FR'd for getting a bigger credit line even though they didn't give me any problems doubling my credit line.
My employment did match my application so no big deal but I think that's definitely a trigger
Title: Re: Amex Financial Review
Post by: dans fan on July 04, 2011, 02:03:13 PM
fried today with 3 other fam members at the same address
Title: Re: Amex Financial Review
Post by: ashers on July 04, 2011, 02:39:26 PM
Good Luck! Whats your P.O.A?
Title: Re: Amex Financial Review
Post by: compddd on July 04, 2011, 02:52:11 PM
fried today with 3 other fam members at the same address

What do you think triggered it?
Title: Re: Amex Financial Review
Post by: easy48 on July 04, 2011, 04:08:52 PM
So is there a rule of thumb as to how much credit to avoid accumulating so as not to be FR'd?
Title: Re: Amex Financial Review
Post by: ChMo on July 04, 2011, 05:26:57 PM
So is there a rule of thumb as to how much credit to avoid accumulating so as not to be FR'd?

I think it is more just conjecture and speculation, but years ago, some forums suggested keeping total credit lines with AX under $25K, and even suggested that any credit lines showing up on your report over $25K, could be a factor in getting FR'd.

Another guess of mine, is that AX uses a "points" system to trigger a FR, with each factor being weighted, and if you go over a certain number of "points", it triggers a FR.
Title: Re: Amex Financial Review
Post by: dans fan on July 04, 2011, 07:23:39 PM
cant imagine anything
Title: Re: Amex Financial Review
Post by: aryeh1 on July 05, 2011, 01:32:08 AM
So is there a rule of thumb as to how much credit to avoid accumulating so as not to be FR'd?

Yes, dont have any amex cards
Title: Re: Amex Financial Review
Post by: easy48 on July 05, 2011, 10:25:08 AM
I think it is more just conjecture and speculation, but years ago, some forums suggested keeping total credit lines with AX under $25K, and even suggested that any credit lines showing up on your report over $25K, could be a factor in getting FR'd.

Another guess of mine, is that AX uses a "points" system to trigger a FR, with each factor being weighted, and if you go over a certain number of "points", it triggers a FR.

Any idea what AMEX considers the Platinum and gold where there are no specific amount of credit listed on the account?  SPG for example tells me how much but I also have Plat and Gold.  I would want to apply for more soon but DO NOT want to get an FR.  Ideas?
Title: Re: Amex Financial Review
Post by: ChMo on July 05, 2011, 02:12:15 PM
Any idea what AMEX considers the Platinum and gold where there are no specific amount of credit listed on the account?  SPG for example tells me how much but I also have Plat and Gold.  I would want to apply for more soon but DO NOT want to get an FR.  Ideas?

I don't know how, or if, their charge products are factored into "total AX credit exposure".  You can use their "Check Your Spending Ability" tool, which appears on the AX website on your Summary of Accounts page, directly under the picture of each card you have.  This will give you an idea of your internal credit limit for your charge cards.

As far as getting FR'd - statistically, you should be fine, as only a smallish percentage of folks get FR'd.  And it seems that most folks getting FR'd, either changed their spending patterns, asked for a credit line increase, or did something that AX considered higher risk behavior.  Some people swear they did nothing to get FR'd, but that seems like the minority.

One idea, is to cancel the AX cards you don't need or use.

Personally, I just stopped worrying about it.  If it happens, it happens.  If you get FR'd, give 'em your 4506-T if your tax return income is reasonable.  Or, cancel all your cards yourself the same day, if your tax return can't hang.  Then re-apply when your tax return is strong.  Or even if it's not strong, since some people don't get re-FR'd, after they cancel and re-apply in the future.  If you let AX cancel your cards, though, by simply ignoring their FR, you will probably immediately get FR'd upon future re-application.  And, your credit report will show "closed by grantor".  It is more favorable to have your credit report show "closed by consumer".
Title: Re: Amex Financial Review
Post by: easy48 on July 05, 2011, 02:16:32 PM
I don't know how, or if, their charge products are factored into "total AX credit exposure".  You can use their "Check Your Spending Ability" tool, which appears on the AX website on your Summary of Accounts page, directly under the picture of each card you have.  This will give you an idea of your internal credit limit for your charge cards.

As far as getting FR'd - statistically, you should be fine, as only a smallish percentage of folks get FR'd.  And it seems that most folks getting FR'd, either changed their spending patterns, asked for a credit line increase, or did something that AX considered higher risk behavior.  Some people swear they did nothing to get FR'd, but that seems like the minority.

One idea, is to cancel the AX cards you don't need or use.

Personally, I just stopped worrying about it.  If it happens, it happens.  If you get FR'd, give 'em your 4506-T if your tax return income is reasonable.  Or, cancel all your cards yourself the same day, if your tax return can't hang.  Then re-apply when your tax return is strong.  Or even if it's not strong, since some people don't get re-FR'd, after they cancel and re-apply in the future.  If you let AX cancel your cards, though, by simply ignoring their FR, you will probably immediately get FR'd upon future re-application.  And, your credit report will show "closed by grantor" instead of "closed by consumer", which is less favorable.

Seems like sound advice.  Much appreciated.  Thanks!
Title: Re: Amex Financial Review
Post by: Nitantnel on July 06, 2011, 10:38:17 PM
What do you guys think of a fake 1040 to send to amex, would that work?
Title: Re: Amex Financial Review
Post by: aryeh1 on July 06, 2011, 11:19:47 PM
What do you guys think of a fake 1040 to send to amex, would that work?
go for it!
They make you fill out a 1040 request form that goes to the irs (you dont send the 1040). The irs wont send them your 1040 if any info is incorrect.
Title: Re: Amex Financial Review
Post by: AsherO on July 07, 2011, 12:21:08 AM
What do you guys think of a fake 1040 to send to amex, would that work?

Wishful thinking, not happening.

go for it!
They make you fill out a 1040 request form that goes to the irs (you dont send the 1040). The irs wont send them your 1040 if any info is incorrect.

They make you fill out 4506-T (http://www.irs.gov/pub/irs-pdf/f4506t.pdf), which is a release for the IRS to give them transcripts of whatever form(s) they want to see..
Title: Re: Amex Financial Review
Post by: aryeh1 on July 07, 2011, 12:45:01 AM
Wishful thinking, not happening.

They make you fill out 4506-T (http://www.irs.gov/pub/irs-pdf/f4506t.pdf), which is a release for the IRS to give them transcripts of whatever form(s) they want to see..
they can only see your account summary-which is only your finanial info as the box is automatically filled on the 4506t. As far as i know you can provide any type of tax return,it doesnt have to be 1040.
Title: Re: Amex Financial Review
Post by: AsherO on July 07, 2011, 12:51:16 AM
they can only see your account summary-which is only your finanial info as the box is automatically filled on the 4506t. As far as i know you can provide any type of tax return,it doesnt have to be 1040.

What box? ???
Title: Re: Amex Financial Review
Post by: daganster on July 17, 2011, 12:06:22 PM
I applied for a platinum amex 4 months ago. They requested that I fill out a 4506 for and have my banker confirm my home address, so I complied with all their requests. 4 months later I get approved and they send out a card (which I haven't yet received), but I'm being financially reviewed again!!! I'm not sure why they would ask me regarding my employment if they have my tax returns. It's really annoying, and I don't want to go through this whole hassle again. Isn't this bizarre? Are they losing it? 
Title: Re: Amex Financial Review
Post by: myb821 on July 17, 2011, 12:14:06 PM
I applied for a platinum amex 4 months ago. They requested that I fill out a 4506 for and have my banker confirm my home address, so I complied with all their requests. 4 months later I get approved and they send out a card (which I haven't yet received), but I'm being financially reviewed again!!! I'm not sure why they would ask me regarding my employment if they have my tax returns. It's really annoying, and I don't want to go through this whole hassle again. Isn't this bizarre? Are they losing it?
call them and ask tel them u just went through this why r they doing it again
Title: Re: Amex Financial Review
Post by: aryeh1 on July 17, 2011, 12:19:24 PM
What box? ???
on the 4506t form-theres a selection for which type of transcript requested.
Title: Re: Amex Financial Review
Post by: AsherO on July 17, 2011, 11:56:20 PM
call them and ask tel them u just went through this why r they doing it again

+1

Hey Daganster, sorry to hear about all the drama.

Wishing you g'luck with your F/R, try what myb821 suggested, and please let us know what they say.
Title: Re: Amex Financial Review
Post by: daganster on July 18, 2011, 07:12:22 AM
Thanks guys, and I'll keep you posted. 
Title: Re: Amex Financial Review
Post by: bruce on July 18, 2011, 06:56:23 PM
been reading this forum today. Seems like the best way to avoid F/R is to have your limit under 25k. Is that per card or all Amex cards total?
Title: Re: Amex Financial Review
Post by: AsherO on July 19, 2011, 02:45:44 AM
been reading this forum today. Seems like the best way to avoid F/R is to have your limit under 25k. Is that per card or all Amex cards total?

Best way is not to have Amex cards :P

(HT to whomever originally coined that response)

Seriously, there are a lot of possible F/R triggers, (http://www.dansdeals.com/wiki/AMEX_FR_TRIGGER_LIST) play safe and you'll probably be spared.
Title: Re: Amex Financial Review
Post by: ChMo on July 19, 2011, 03:26:46 PM
Best way is not to have Amex cards :P


Hahahahahaha!   :D
Title: Re: Amex Financial Review
Post by: Avid Reader on July 20, 2011, 04:57:16 AM
Sure, best way to avoid getting hit by a car is to never cross the street ;)
Title: Re: Amex Financial Review
Post by: bem684 on July 20, 2011, 12:09:55 PM
Sure, best way to avoid getting hit by a car is to never cross the street ;)

I live in Monsey.  I have to avoid parking lots and sidewalks as well.
Title: Re: Amex Financial Review
Post by: happyyyr on July 21, 2011, 12:33:55 AM
   I have payed at least 7 different friends amex accounts in the past few months. By linking my banking info online to their acc. Now a few of them are having a F/R and amex wants the past few months bank statements of the card  holder and 3 months of my bank statements bec I payed their bill. Can it hurt me in any way by sending my statements in. (I dont have any amec acc of my own) And can it hurt any of the other acc that i payed that have not been F/R.  Thanks in advance.
Title: Re: Amex Financial Review
Post by: AsherO on July 21, 2011, 12:51:30 AM
   I have payed at least 7 different friends amex accounts in the past few months. By linking my banking info online to their acc. Now a few of them are having a F/R and amex wants the past few months bank statements of the card  holder and 3 months of my bank statements bec I payed their bill. Can it hurt me in any way by sending my statements in. (I dont have any amec acc of my own) And can it hurt any of the other acc that i payed that have not been F/R.  Thanks in advance.

I don't think in can hurt, but I don't understand what Amex gains by seeing your statements.
Title: Re: Amex Financial Review
Post by: elikay on July 21, 2011, 01:21:41 AM
I don't think in can hurt, but I don't understand what Amex gains by seeing your statements.
+1 I'm not sure that AMEX understands what going on here, but it can't hurt to try (as I'm assuming you have nothing better to send in).
Title: Re: Amex Financial Review
Post by: happyyyr on July 21, 2011, 01:41:04 AM
+1 I'm not sure that AMEX understands what going on here, but it can't hurt to try (as I'm assuming you have nothing better to send in).

They are Q them why he used someone else bank acc to pay his bill. So they want proof that they have their own bank acc with funds to be able to pay their bills. Why they are also asking for my bank acc just bec I payed their bills I have no idea. Bec I cant think of any good reason I was concernd maybe they have an issue with my one bank acc paying 7 different peoples acc.
Title: Re: Amex Financial Review
Post by: Smokey Joe Robinson on July 21, 2011, 02:10:50 AM
They are Q them why he used someone else bank acc to pay his bill. So they want proof that they have their own bank acc with funds to be able to pay their bills. Why they are also asking for my bank acc just bec I payed their bills I have no idea. Bec I cant think of any good reason I was concernd maybe they have an issue with my one bank acc paying 7 different peoples acc.
just say that your helping them build credit and with the charge cards that show only the highest balance and base utilization on that, your helping them reach a high "CL" or s/t along those lines. Hows that?
Title: Re: Amex Financial Review
Post by: daganster on July 21, 2011, 08:06:56 AM
I don't think in can hurt, but I don't understand what Amex gains by seeing your statements.
Why don't you tell 'em that you owe these people money, and your simply repaying them by paying off their CC.
Title: Re: Amex Financial Review
Post by: elikay on July 21, 2011, 09:34:33 AM
I don't get why its gotta be so complicated. Amex doesn't let you pay in person so you have to pay online (or a check) and they asked you to do it for them.
Title: Re: Amex Financial Review
Post by: zale on July 21, 2011, 03:51:21 PM
BH I have never received a FR.

If I were to receive one, would I lose access to my MR points?
Title: Re: Amex Financial Review
Post by: happyyyr on July 21, 2011, 04:42:19 PM
         Now all 7 people that I payed their acc are having a F/R done. a few are being asked for the name of the person that payed your bill. and that "dont you know amex doesnt allow someone else to pay your bill."  they are ALL being asked to send them the past 3 statements of the bank cc that payed the bill. Does anyone think that I can get in some trouble by giving out my statements to everyone to send into amex. Thanks

Title: Re: Amex Financial Review
Post by: zale on July 21, 2011, 05:32:53 PM
         Now all 7 people that I payed their acc are having a F/R done. a few are being asked for the name of the person that payed your bill. and that "dont you know amex doesnt allow someone else to pay your bill."  they are ALL being asked to send them the past 3 statements of the bank cc that payed the bill. Does anyone think that I can get in some trouble by giving out my statements to everyone to send into amex. Thanks

Strange... Where does it say anywhere in the Amex terms and conditions that a third party can't pay the bill?
Title: Re: Amex Financial Review
Post by: Smokey Joe Robinson on July 21, 2011, 07:29:56 PM
         Now all 7 people that I payed their acc are having a F/R done. a few are being asked for the name of the person that payed your bill. and that "dont you know amex doesnt allow someone else to pay your bill."  they are ALL being asked to send them the past 3 statements of the bank cc that payed the bill. Does anyone think that I can get in some trouble by giving out my statements to everyone to send into amex. Thanks
wow my brother in law paid one gold bill and plat bill of mine, but hes an AU so I think im good.
Title: Re: Amex Financial Review
Post by: Nitantnel on July 21, 2011, 07:57:26 PM
Does Amazon payment's trigger a FR?
Title: Re: Amex Financial Review
Post by: elikay on July 21, 2011, 08:29:02 PM
Does Amazon payment's trigger a FR?
http://www.dansdeals.com/wiki/AMEX_FR_TRIGGER_LIST
Title: Re: Amex Financial Review
Post by: dans fan on July 22, 2011, 12:20:42 AM
        "dont you know amex doesnt allow someone else to pay your bill."


its incorrect. offer the reviewer to do a conference call to 18002971000 and ask any rep if its ok to pay with a third party check if he want you can evan do a couple of rounds like best of 7 or best of 11 you will win 11 nothing. but its an old story dealing with fr is like dealing with customs they have their own rule not connected to any gov 
Title: Re: Amex Financial Review
Post by: daganster on July 24, 2011, 01:47:24 AM
+1

Hey Daganster, sorry to hear about all the drama.

Wishing you g'luck with your F/R, try what myb821 suggested, and please let us know what they say.
They cleared everything up on Friday. So I finally got my Amex platinum after being FR after I applied for the card and then once again after I got approved. Anyone have a clew how long to wait before I apply for another Amex card or 2?
Title: Re: Amex Financial Review
Post by: AsherO on July 24, 2011, 01:49:52 AM
They cleared everything up on Friday. So I finally got my Amex platinum after being FR after I applied for the card and then once again after I got approved. Anyone have a clew how long to wait before I apply for another Amex card or 2?

Mazal Tov! You get an F/R survivors t-shirt ;)

Why don't you make sure to get your 100k MR, $200 airline giftcards, PP, GE etc. before applying again and possibly being held up with another F/R.
Title: Re: Amex Financial Review
Post by: daganster on July 24, 2011, 01:53:55 AM
What's PP?
Title: Re: Amex Financial Review
Post by: daganster on July 24, 2011, 01:54:40 AM
I don't think that they'll FR me again;)
Title: Re: Amex Financial Review
Post by: AsherO on July 24, 2011, 01:56:25 AM
What's PP?

Priority Pass (https://rewards.americanexpress.com/olet/splash?campaignId=plpp0401&offerType=platinumprioritypass).

I don't think that they'll FR me again;)

Did they explicitly tell you that? Otherwise what's the rush, play safe and win big.
Title: Re: Amex Financial Review
Post by: daganster on July 24, 2011, 02:03:56 AM
PP got it. No, they didn't explicitly tell me that - I just don't think that they have any business bothering me for at least 1 year. But I'll still play safe.
Title: Re: Amex Financial Review
Post by: AsherO on July 24, 2011, 02:06:05 AM
No, they didn't explicitly tell me that - I just don't think that they have any business bothering me for at least 1 year.

They didn't have any business the first time they FR'd you, and for sure not the second time, but they don't really ask...
Title: Re: Amex Financial Review
Post by: daganster on July 24, 2011, 02:50:43 PM
They didn't have any business the first time they FR'd you, and for sure not the second time, but they don't really ask...
Is Avis preferred worth signing up for?
Title: Re: Amex Financial Review
Post by: AsherO on July 25, 2011, 02:04:15 AM
Is Avis preferred worth signing up for?

How is this on topic?

If you rent from Avis often enough, it'll save you time and make sure you don't have issues with whatever rate you booked (e.g. agent asking for corporate ID).
Title: Re: Amex Financial Review
Post by: sim on July 28, 2011, 01:33:04 PM
just got fr'd  i sent in my tax return, because they told me theyll probably just lower my c/l  as long as there is income. They wante to know info on my business, i told them its a new startup and the income from the business wont reflect on my tax return. Should i just close the buisness account and leave the personals open?
Title: Re: Amex Financial Review
Post by: dans fan on July 28, 2011, 01:47:58 PM
can anyone share a low income on tax return something under 35k that they didnt shut down your acc
Title: Re: Amex Financial Review
Post by: AsherO on July 28, 2011, 01:49:59 PM
can anyone share a low income on tax return something under 35k that they didnt shut down your acc

I had income right around that number and I went from 100k to 30k CL (I shut down 8 cards, w/ 70k CL total for those cards)
Title: Re: Amex Financial Review
Post by: dans fan on July 28, 2011, 07:31:54 PM
I had income right around that number and I went from 100k to 30k CL (I shut down 8 cards, w/ 70k CL total for those cards)
ty. anyone with a 20k income passed
Title: Re: Amex Financial Review
Post by: miles on July 31, 2011, 05:09:44 PM
ty. anyone with a 20k income passed
yes
Title: Re: Amex Financial Review
Post by: infra- on August 05, 2011, 06:17:55 PM
I just got hit with financial review, but I'm a full time student with a little part time job. I was wondering can I use my parents income and send them my parents tax form to them instead?
Title: Re: Amex Financial Review
Post by: plane.love on August 05, 2011, 06:36:14 PM
I just got hit with financial review, but I'm a full time student with a little part time job. I was wondering can I use my parents income and send them my parents tax form to them instead?

Did they ask household income?
Title: Re: Amex Financial Review
Post by: BAHayman on August 05, 2011, 06:43:11 PM
I just got hit with financial review, but I'm a full time student with a little part time job. I was wondering can I use my parents income and send them my parents tax form to them instead?

I believe if you are under 21 then it has to be personal income but if over 21 it can be household...
Title: Re: Amex Financial Review
Post by: infra- on August 05, 2011, 07:28:11 PM
I believe if you are under 21 then it has to be personal income but if over 21 it can be household...
damn, Im under 21 and they asked me to fax them my bank statement and proof of income. I am full time student and I only work for 2 month. Does financial aid count as income lol? BTW if i have low income, will they closed or lower my limit? I have a PR gold and a blue cash (6k limit).
Title: Re: Amex Financial Review
Post by: AsherO on August 07, 2011, 12:33:03 AM
I believe if you are under 21 then it has to be personal income but if over 21 it can be household...

I was over 21 when FR'd and they wanted to verify my income (when I explained I was reporting household income), maybe this has since changed.
Title: Re: Amex Financial Review
Post by: BAHayman on August 07, 2011, 12:36:02 AM
I was over 21 when FR'd and they wanted to verify my income (when I explained I was reporting household income), maybe this has since changed.

Dunno. All I know is if under 21 they have always asked for personal income. I think it has something to do with the credit card act, I'll see if I can find a link.
Title: Re: Amex Financial Review
Post by: AsherO on August 07, 2011, 12:58:38 AM
Dunno. All I know is if under 21 they have always asked for personal income. I think it has something to do with the credit card act, I'll see if I can find a link.

I understand that, all I'm saying is I was 21+ and from what I understood they wanted to verify my personal income.
Title: Re: Amex Financial Review
Post by: U-no-me! on August 10, 2011, 12:01:33 AM
An Amex cs rep told me recently that if spending is out of character it is an FR trigger. for example if you normally spend 3,000 a month and then suddenly 20,000 that will trigger an FR.

He said in order to spend the 20,000 you have to trickle up your spending.
 
Title: Re: Amex Financial Review
Post by: elikay on August 10, 2011, 12:18:30 AM
An Amex cs rep told me recently that if spending is out of character it is an FR trigger. for example if you normally spend 3,000 a month and then suddenly 20,000 that will trigger an FR.

He said in order to spend the 20,000 you have to trickle up your spending.
 
Yup! Discussed here  (http://www.dansdeals.com/forums/index.php?topic=3710.msg39597#msg39597)(And it's all in the Wiki (http://www.dansdeals.com/wiki/AMEX_FR_TRIGGER_LIST)!)
Title: Re: Amex Financial Review
Post by: infra- on August 11, 2011, 12:24:52 AM
Last month, I use the amazon payments to meet the spending requirement for the gold premier card; however, it trigger a financial review. They asked me to fax them my income statements, and I did that. Now they want me to fax them three recent receipts of the amazon payment. I was wondering what are they trying to do by looking at the receipts?
Title: Re: Amex Financial Review
Post by: elikay on August 11, 2011, 01:16:46 AM
They'll have evidenceof improper use... not sure where they'd go from there.
Title: Re: Amex Financial Review
Post by: Dan on August 11, 2011, 09:49:13 AM
They want to see if you were actually buying something or using it for a cash advance.
Title: Re: Amex Financial Review
Post by: infra- on August 11, 2011, 10:09:44 PM
They want to see if you were actually buying something or using it for a cash advance.
Damn, I was using it for cash advance. Are they going to close my account if I was using as cash advance?
Title: Re: Amex Financial Review
Post by: gozalim on August 11, 2011, 10:24:38 PM
Damn, I was using it for cash advance. Are they going to close my account if I was using as cash advance?
print yourself a reciept from the "payee" (with its own phone number) for whatever 'goods/service' you were supposedly paying for.
(you didn't click cash advance for the payments, right?)
Title: Re: Amex Financial Review
Post by: infra- on August 11, 2011, 11:40:31 PM
print yourself a reciept from the "payee" (with its own phone number) for whatever 'goods/service' you were supposedly paying for.
(you didn't click cash advance for the payments, right?)
I made a mistake by clicking on the cash advance. It was too late to change it
Title: Re: Amex Financial Review
Post by: ye on August 12, 2011, 03:08:35 PM
I opened too many amex accounts recently and am in financial review. I will be closing the accounts myself as I cannot prove the stated income (or anything close to it). I have met the minimum spend on all the offers and they are notated on my accounts. Is there any point in calling MR to get my points expedited or once it's under financial review everything is frozen?
Title: Re: Amex Financial Review
Post by: ChMo on August 12, 2011, 03:59:41 PM
I opened too many amex accounts recently and am in financial review. I will be closing the accounts myself as I cannot prove the stated income (or anything close to it). I have met the minimum spend on all the offers and they are notated on my accounts. Is there any point in calling MR to get my points expedited or once it's under financial review everything is frozen?

I think I remember reading, that you have 30 days after closing your account, to transfer out your MR points.  And it looks like you already know, that it is better for your credit, to close the accounts yourself (closed by consumer), instead of letting them close them.
Title: Re: Amex Financial Review
Post by: ye on August 12, 2011, 04:03:24 PM
I think I remember reading, that you have 30 days after closing your account, to transfer out your MR points.  And it looks like you already know, that it is better for your credit, to close the accounts yourself (closed by consumer), instead of letting them close them.

my qusestion is if amex will give the sign up bonus after the account is already in financial review?
Title: Re: Amex Financial Review
Post by: ChMo on August 12, 2011, 07:50:02 PM
my qusestion is if amex will give the sign up bonus after the account is already in financial review?

Ohhh, I thought you already had received the sign-up bonus. 

You got hit quick, with an F/R!  I have a feeling you are out of luck this time.  You could wait to close your account, and hope the points post within the next week, before they close your account involuntarily.  But, in my opinion, you are probably better off just forgetting about the sign-up bonus this time, closing this account ASAP, and then applying in about 90 days, for the next AmEx offer to come along.

I think I read somewhre, that if YOU close your account, you can apply later (perhaps after 90-ish days), and you might avoid the F/R altogether.  But, if THEY close your account, your existing F/R will be just chillin' there, unsatisfied, waiting for you the next time you apply for anything at AmEx.
Title: Re: Amex Financial Review
Post by: ChMo on August 12, 2011, 07:53:06 PM
my qusestion is if amex will give the sign up bonus after the account is already in financial review?

On second thought, it probably wouldn't hurt to ask AmEx for the sign-up bonus points, both before you close your account, and after.  But regardless of their answer, I think you are better off closing the account on your own, voluntarily.
Title: Re: Amex Financial Review
Post by: ye on August 14, 2011, 07:17:04 AM
On second thought, it probably wouldn't hurt to ask AmEx for the sign-up bonus points, both before you close your account, and after.  But regardless of their answer, I think you are better off closing the account on your own, voluntarily.
Thanks
Title: Re: Amex Financial Review
Post by: ye on August 14, 2011, 10:04:22 AM
Ohhh, I thought you already had received the sign-up bonus. 

You got hit quick, with an F/R!  I have a feeling you are out of luck this time.  You could wait to close your account, and hope the points post within the next week, before they close your account involuntarily.  But, in my opinion, you are probably better off just forgetting about the sign-up bonus this time, closing this account ASAP, and then applying in about 90 days, for the next AmEx offer to come along.

I think I read somewhre, that if YOU close your account, you can apply later (perhaps after 90-ish days), and you might avoid the F/R altogether.  But, if THEY close your account, your existing F/R will be just chillin' there, unsatisfied, waiting for you the next time you apply for anything at AmEx.
Is the Citi AA Amex a completely different card, as it is issued thru Citi and not directly by Amex, or should I close that account as well once I am FR'ed?
Title: Re: Amex Financial Review
Post by: Saver2000 on August 14, 2011, 11:11:57 AM
Is the Citi AA Amex a completely different card, as it is issued thru Citi and not directly by Amex, or should I close that account as well once I am FR'ed?

http://www.dansdeals.com/forums/index.php?topic=3104.1395

Read dans comment- he says they are unrelated.
Title: Re: Amex Financial Review
Post by: gozalim on August 14, 2011, 12:12:22 PM
Is the Citi AA Amex a completely different card, as it is issued thru Citi and not directly by Amex, or should I close that account as well once I am FR'ed?
it's issued by citi. no need to close it.
Title: Re: Amex Financial Review
Post by: Simcha89 on August 15, 2011, 10:13:36 PM
I called amex MR, was rerouted to the FR department, the guy asked me a few questions about my current income and place of employment. He said that was all and didnt mention anything about a financial review.

am i off the hook?
Title: Re: Amex Financial Review
Post by: clownaparte on August 17, 2011, 06:55:31 PM
I had/have an Amex Blue cash card. A year or two ago, I had a 32k credit limit and asked for an increase (online) to 45k. I was told to check the mail in 7 - 10 business days for the response. What did they send me? Essentially that they could not approve my increase without financial documentation, and wanted me to sign a release to see my tax return. I did not sign, and was afraid that the next step would be a "real" FR with noncompliance resulting in shutting my accounts. Thankfully, the other shoe never fell - I was not hit with a full FR.

Just another data point, for anyone in a similar situation.
Title: Re: Amex Financial Review
Post by: ye on August 18, 2011, 10:05:36 AM
Just my experience:
My wife and I have had many amex cards over the years and it seems that each time we apply for the Business Gold card we get FR'ed within a week after it is approved .
Title: Re: Amex Financial Review
Post by: Dan on August 18, 2011, 12:31:33 PM
Just my experience:
My wife and I have had many amex cards over the years and it seems that each time we apply for the Business Gold card we get FR'ed within a week after it is approved .
Looks like we have another trigger...lol.
Title: Re: Amex Financial Review
Post by: upandaway on August 18, 2011, 04:54:11 PM
I have had AMEX for 5+ years - many business expenses on Starwood and Platinum. Never missed a payment. 2hrs after activating the Biz Gold card the FR hit me (but granted it was my 3rd new card from AMEX this year).
Title: Re: Amex Financial Review
Post by: ye on August 18, 2011, 06:03:08 PM
What's the easiest way to close my accounts? Every time I call CS to close them they say "hold on while I just look into something" and they then transfer me to the person who is doing my FR. I really would rather not speak to this specific "account manger".
Title: Re: Amex Financial Review
Post by: Dan on August 18, 2011, 06:10:28 PM
What's the easiest way to close my accounts? Every time I call CS to close them they say "hold on while I just look into something" and they then transfer me to the person who is doing my FR. I really would rather not speak to this specific "account manger".
Online
Title: Re: Amex Financial Review
Post by: yaakov s on August 18, 2011, 06:11:43 PM
Online
Where through the website or you need to SM
Title: Re: Amex Financial Review
Post by: ye on August 18, 2011, 06:26:02 PM
Where through the website or you need to SM
I have the same question. I don't see any option under CS to close
Title: Re: Amex Financial Review
Post by: Avid Reader on August 18, 2011, 06:26:55 PM
Where through the website or you need to SM

SM. I've done it like that without a problem.
Title: Re: Amex Financial Review
Post by: ye on August 18, 2011, 06:43:07 PM
SM. I've done it like that without a problem.
do they do it right away? So far every time I SM'ed them it took about 20 hrs till they responded
Title: Re: Amex Financial Review
Post by: clownaparte on August 18, 2011, 09:28:21 PM
do they do it right away? So far every time I SM'ed them it took about 20 hrs till they responded

It does take them a couple of hours, but in my experience it has always been less than 24hrs.
Title: Re: Amex Financial Review
Post by: clownaparte on August 18, 2011, 09:30:02 PM
I have had AMEX for 5+ years - many business expenses on Starwood and Platinum. Never missed a payment. 2hrs after activating the Biz Gold card the FR hit me (but granted it was my 3rd new card from AMEX this year).

Well, I've just applied (yesterday) for Business SPG and was approved with 22k credit - perhaps I should hold my breath...
Title: Re: Amex Financial Review
Post by: Dan on August 18, 2011, 09:34:21 PM
Well, I've just applied (yesterday) for Business SPG and was approved with 22k credit - perhaps I should hold my breath...
That's not business gold though.
Title: Re: Amex Financial Review
Post by: clownaparte on August 18, 2011, 09:54:02 PM
That's not business gold though.

Nope, it isn't - but none of us really know exactly what is or isn't a trigger - we are gathering data and speculating. I also doubt that the mere act of applying for a Business Gold card is the trigger - after all, they aren't FRing everyone who applied for a Business Gold card. So I'd imagine the trigger is "x" + applying for a Business Gold card. By the same token, the trigger may be "x" + applying for any Business card. We really don't know what "x" is.
Title: Re: Amex Financial Review
Post by: Dan on August 18, 2011, 09:59:44 PM
Nope, it isn't - but none of us really know exactly what is or isn't a trigger - we are gathering data and speculating. I also doubt that the mere act of applying for a Business Gold card is the trigger - after all, they aren't FRing everyone who applied for a Business Gold card. So I'd imagine the trigger is "x" + applying for a Business Gold card. By the same token, the trigger may be "x" + applying for any Business card. We really don't know what "x" is.
People have reported problems with business gold in the past on here.
Title: Re: Amex Financial Review
Post by: ye on August 18, 2011, 11:25:09 PM
So I'd imagine the trigger is "x" + applying for a Business Gold card. By the same token, the trigger may be "x" + applying for any Business card. We really don't know what "x" is.
Each time with me that "x" was applying for another personal card soon before the business gold.
Title: Re: Amex Financial Review
Post by: WildChicken on August 19, 2011, 03:31:18 AM
new poster here, glad this FR thread is up to date!

So here is my deal...Blue Cash Personal/SPG Personal/Delta Skymiles Business.  Total Credit Line between the 3 was 40k.  Applied for the Gold Rewards card and spent 12k in a matter of a couple days.  Boom FR hit me and of course they want tax info from current year vs years when I actually applied for the cards.  Obviously income varies form year to year.  I was surprised that they would not let me send in bank statements for the FR.  Anyways,  they slashed my CC limit from the 40k to 3k or 1k per card and then put a spending limit on my gold card of 12k.  This has been a couple months ago, of course I learned my lesson with my first amex chargecard..don't go crazy right after you get it.  I guess the good thing is they didn't close any of my cards. So the FR was completed in May and I was wondering how soon can I start to apply and be approved for new cards after going through this process?  Was targeting the Spg business card, but really would prefer to not go through another FR.  Also was interested if amex ever removes a spending limit after continuous months of paying everything in full? 
Title: Re: Amex Financial Review
Post by: Dan on August 19, 2011, 01:26:32 PM
You have to request for the spending limit to be removed or apply for an increase I believe.

I don't think you can get 2 F/Rs in the same year.  After all they already have that tax return.
Title: Re: Amex Financial Review
Post by: joeb1 on August 26, 2011, 12:20:03 AM
i thought like you dan, until i got hit for my second time... and yes it was for the biz gold..
stay away like fire if you have other cards. for some reason the biz gold is a strong part of the equation for an fr
Title: Re: Amex Financial Review
Post by: smart brit on August 26, 2011, 03:11:25 PM
just got this dreadfull phone call that my accounts are on hold and got approved this morning for my spg business card i guess that was the trigger
Title: Re: Amex Financial Review
Post by: smart brit on August 26, 2011, 03:32:40 PM
so now they are going to check out my business tax forms and what next? Why should they close all my accounts with them? And what i really don't get if they are reviewing my business acc. Why put a hold on my personal acc??? And does anyone have expirance with this type of fr?? I don't know why i'm so nervous about it??
Title: Re: Amex Financial Review
Post by: Dan on August 26, 2011, 03:44:25 PM
If you made any reported income last year you have nothing to worry about.  Just give 'em what they want.
Title: Re: Amex Financial Review
Post by: smart brit on August 26, 2011, 03:51:55 PM
thx dan actually i reported a loss last year but its the first year in the business and i told him that over the phone and he told me the worst secnario would be to lower my limit on the cards so i hope thats the case but whats bothering me that i was just about going to spend on this card 3,500 for a flight ticket and with that i would have gotten my 30000 spg points
Title: Re: Amex Financial Review
Post by: smart brit on August 26, 2011, 03:55:03 PM
and just now ups rang my bell and i got another spg business cc i guess by mistake i pressed submit on the application twice and therfore got 2spg cards but my question is should i activate it now or wait???? Wow my head is spinning now
Title: Re: Amex Financial Review
Post by: DovidR on August 26, 2011, 04:54:18 PM
Sorry, Noob here.

I just received my first Business card - it's a starwood.
Question: Will I get somehow flagged if I use the card as a consumer card? How cautious do I have to be regarding the type of spending I put on this card?

Thanks,
Dovid
Title: Re: Amex Financial Review
Post by: clownaparte on August 27, 2011, 10:43:47 PM
Just out of curiosity for those that got hit with an FR after applying for any type of business card: did you enter an EIN or did you use your SSN?
Title: Re: Amex Financial Review
Post by: joeb1 on August 27, 2011, 10:50:13 PM
social but a legit business
Title: Re: Amex Financial Review
Post by: smart brit on August 27, 2011, 11:19:23 PM
i put in mu tax id and got hit with a fr but i think i got the fr because i got two spg business cards in the mail
Title: Re: Amex Financial Review
Post by: joeb1 on August 28, 2011, 02:30:11 AM
if ur legit just send in all the required info and ull b ok... even if u overstated incom
Title: Re: Amex Financial Review
Post by: Spiffster on August 29, 2011, 07:06:45 PM
Sorry, Noob here.

I just received my first Business card - it's a starwood.
Question: Will I get somehow flagged if I use the card as a consumer card? How cautious do I have to be regarding the type of spending I put on this card?

Thanks,
Dovid


not at all.  spend away....
Title: Re: Amex Financial Review
Post by: TC610 on August 29, 2011, 10:04:11 PM
I received a dreadful call from the F/R department this morning.  I got the SPG Business Amex about a month ago and on Thursday sent $650 with Amazon Payments to that card and another $350 to the Amex Plat to help with the spending minimums, which IMO was the trigger.  The F/R agent wanted to ask me about my spending habits, what I made per year, why I needed the business card, what my business is all about, what I bought with Amazon Payments, my future spending habits, etc.

The agent never said anything about freezing my accounts, changing my limits, or asking me to submit documentation.  Does this mean I'm in the clear?  If anyone has gone through this part before, did you have any other dealings with the F/R department in the future based off that conversation?  I planned on sending more Amazon payments (in odd increments) next calendar month to reach the SPG Business spending minimum.  Bad idea?

Title: Re: Amex Financial Review
Post by: Spiffster on August 30, 2011, 02:40:10 AM
I received a dreadful call from the F/R department this morning.  I got the SPG Business Amex about a month ago and on Thursday sent $650 with Amazon Payments to that card and another $350 to the Amex Plat to help with the spending minimums, which IMO was the trigger.  The F/R agent wanted to ask me about my spending habits, what I made per year, why I needed the business card, what my business is all about, what I bought with Amazon Payments, my future spending habits, etc.

The agent never said anything about freezing my accounts, changing my limits, or asking me to submit documentation.  Does this mean I'm in the clear?  If anyone has gone through this part before, did you have any other dealings with the F/R department in the future based off that conversation?  I planned on sending more Amazon payments (in odd increments) next calendar month to reach the SPG Business spending minimum.  Bad idea?


When you login to your account online, do you see a "charging is suspended" message on your accounts.  What was the last thing the guy said to you on the phone: Did he say your use of the cards was suspended?  Did he say he'd be calling back?  Have you gotten an email from them with instructions on filling out the irs form?

If none of those, I'd guess you're in the clear. 

I put AP on my amex cards but 1K a month in 10K+/month of spend rated a single question during my 20 minute "FR inductee interview"...   {chuckle}
Title: Re: Amex Financial Review
Post by: TC610 on August 30, 2011, 10:56:40 AM
When you login to your account online, do you see a "charging is suspended" message on your accounts.  What was the last thing the guy said to you on the phone: Did he say your use of the cards was suspended?  Did he say he'd be calling back?  Have you gotten an email from them with instructions on filling out the irs form?

If none of those, I'd guess you're in the clear. 

I put AP on my amex cards but 1K a month in 10K+/month of spend rated a single question during my 20 minute "FR inductee interview"...   {chuckle}


Nothing about "charging is suspended" is there.  She didn't mention anything about calling back, following up, e-mails, or filling out forms...just wished me a good day.

Whew!  I guess I'm a good BS'er.  Mom always said I should've been a lawyer...

Thanks for the follow-up, Spiffster.
Title: Re: Amex Financial Review
Post by: Spiffster on August 30, 2011, 06:10:47 PM
Nothing about "charging is suspended" is there.  She didn't mention anything about calling back, following up, e-mails, or filling out forms...just wished me a good day.

Whew!  I guess I'm a good BS'er.  Mom always said I should've been a lawyer...

Thanks for the follow-up, Spiffster.

Cool, you should be good.   :-)

My FR ended today.  The phone call was 30 seconds long.  The guy didn't even take a breath or pause, just a "i'm happy to advise you i've completed your review and we're satisfied with your information there are no changes to your accounts they've been unfrozen both personal and business have a nice day" <click>  seemed kinda bummed he couldn't screw with me...  {lol}
Title: Re: Amex Financial Review
Post by: yaakov s on August 30, 2011, 06:48:47 PM
Cool, you should be good.   :-)

My FR ended today.  The phone call was 30 seconds long.  The guy didn't even take a breath or pause, just a "i'm happy to advise you i've completed your review and we're satisfied with your information there are no changes to your accounts they've been unfrozen both personal and business have a nice day" <click>  seemed kinda bummed he couldn't screw with me...  {lol}
:) :)
Title: Re: Amex Financial Review
Post by: Avid Reader on August 30, 2011, 08:33:35 PM
Cool, you should be good.   :-)

My FR ended today.  The phone call was 30 seconds long.  The guy didn't even take a breath or pause, just a "i'm happy to advise you i've completed your review and we're satisfied with your information there are no changes to your accounts they've been unfrozen both personal and business have a nice day" <click>  seemed kinda bummed he couldn't screw with me...  {lol}


Congrats!
Title: Re: Amex Financial Review
Post by: Nitantnel on August 31, 2011, 02:24:44 PM
Cool, you should be good.   :-)

My FR ended today.  The phone call was 30 seconds long.  The guy didn't even take a breath or pause, just a "i'm happy to advise you i've completed your review and we're satisfied with your information there are no changes to your accounts they've been unfrozen both personal and business have a nice day" <click>  seemed kinda bummed he couldn't screw with me...  {lol}

Good news!

Did the info you sent in match up with what you wrote when you applied?
Title: Re: Amex Financial Review
Post by: ye on August 31, 2011, 03:21:32 PM
Got FR'ed about a year ago and closed the accounts immediately. Just applied and got approved for the Plat and PRG, but it says "charging suspended".  I called in and they said there is a hold because of a question about a different account, but they will remove it. Tried making a charge, was declined, called again and they say it's fine now. What's going on? Am I really ok now?
Title: Re: Amex Financial Review
Post by: elikay on August 31, 2011, 03:43:48 PM
Got FR'ed about a year ago and closed the accounts immediately. Just applied and got approved for the Plat and PRG, but it says "charging suspended".  I called in and they said there is a hold because of a question about a different account, but they will remove it. Tried making a charge, was declined, called again and they say it's fine now. What's going on? Am I really ok now?
How would we know?
Title: Re: Amex Financial Review
Post by: ye on August 31, 2011, 03:45:46 PM
How would we know?
My question was whether anyone had a similar experience
Title: Re: Amex Financial Review
Post by: easy48 on August 31, 2011, 07:21:17 PM
I just got a letter in the mail from Amex on 2 of my card accounts asking me to call them as they have an important matter to discuss with me.  Hhmmm.  Is this an FR?  Advice?

Title: Re: Amex Financial Review
Post by: aryeh1 on August 31, 2011, 10:18:15 PM
Just got frd 2nd time this yr, he asked me why im using amazon payments and charged 1000 x 2, so I said that I bought something from some1. He said that they will review my account to see what actions they need to take. Also he said that Im trying to beat the system as I have a credit on my acct and am trying to spend over my limit.
Title: Re: Amex Financial Review
Post by: AJK on September 01, 2011, 01:00:16 AM
Whew!  I guess I'm a good BS'er.  Mom always said I should've been a lawyer...

Speaking from experience, no, you shouldn't have.
Title: Re: Amex Financial Review
Post by: Spiffster on September 01, 2011, 03:18:16 AM
Good news!

Did the info you sent in match up with what you wrote when you applied?

Yes.  In fact, my app amounts were actually lower than my gross income.
Title: Re: Amex Financial Review
Post by: Spiffster on September 01, 2011, 03:20:25 AM
My question was whether anyone had a similar experience

Got FR'ed about a year ago and closed the accounts immediately. Just applied and got approved for the Plat and PRG, but it says "charging suspended".  I called in and they said there is a hold because of a question about a different account, but they will remove it. Tried making a charge, was declined, called again and they say it's fine now. What's going on? Am I really ok now?

Login online and see if it says your charging is suspended?  Or call them and ask?  Or try making a new charge?
Title: Re: Amex Financial Review
Post by: Yos on September 02, 2011, 08:11:52 PM
Bottom line: I got a FR notice after opening a few cards, and my tax last year (and my income) is much lower than this year. Should I send in the form? Is there another way around this? Would be a real shame to lose the 180k points pending...
Title: Re: Amex Financial Review
Post by: Spiffster on September 03, 2011, 02:48:36 AM
Bottom line: I got a FR notice after opening a few cards, and my tax last year (and my income) is much lower than this year. Should I send in the form? Is there another way around this? Would be a real shame to lose the 180k points pending...

Well, there is one way you can cheat.  If last year was an anomaly and previous years were higher, you can put down multiple years on the IRS form.  If the amex person doesn't kick it back to you (it's kind of scammy how they make you sign the form and then add their info to the form after you sign it and without letting you see it, etc...), they'll get all the years you specified and you have the ammo to argue that last year was an anomaly.  During the phone interview, my reviewer asked me about this years income, which is higher than previous years.
Title: Re: Amex Financial Review
Post by: Dan on September 03, 2011, 09:14:38 PM
Bottom line: I got a FR notice after opening a few cards, and my tax last year (and my income) is much lower than this year. Should I send in the form? Is there another way around this? Would be a real shame to lose the 180k points pending...
Tell them that.  They will also take pay stubs and bank statements into consideration.
Title: Re: Amex Financial Review
Post by: smart brit on September 08, 2011, 03:23:17 AM
bh i got the phone call from amex saying that all my cards are available for use again but they put a limit on one of my personal cards but now i have another spg business card that i didnt activate yet do u guys think i should activate it???
Title: Re: Amex Financial Review
Post by: Avid Reader on September 08, 2011, 11:30:53 PM
bh i got the phone call from amex saying that all my cards are available for use again but they put a limit on one of my personal cards but now i have another spg business card that i didnt activate yet do u guys think i should activate it???
Congrats! Sounds like you're safe now. Maximum, they'll just put a limit on the biz one too.
Title: Re: Amex Financial Review
Post by: Yos on September 09, 2011, 08:06:00 PM
Safe!
After 2 weeks of back and forth with them, they finally realized that I didn't file for taxes for the year that they wanted to see (I was a dependent), so they said to just send in 3 bank statements.
They put a spending limit on the cards, but it doesn't really bother me, and now I can still get my signup bonus :)
Title: Re: Amex Financial Review
Post by: ChMo on September 10, 2011, 12:59:47 AM
Safe!
After 2 weeks of back and forth with them, they finally realized that I didn't file for taxes for the year that they wanted to see (I was a dependent), so they said to just send in 3 bank statements.
They put a spending limit on the cards, but it doesn't really bother me, and now I can still get my signup bonus :)

Sweeet!  Good to hear of your F/R success!
Title: Amex Financial Review
Post by: Swizard210 on September 10, 2011, 01:43:21 AM
Safe!
After 2 weeks of back and forth with them, they finally realized that I didn't file for taxes for the year that they wanted to see (I was a dependent), so they said to just send in 3 bank statements.
They put a spending limit on the cards, but it doesn't really bother me, and now I can still get my signup bonus :)

Congrats! I'm sure you're very relieved!
Title: Re: Amex Financial Review
Post by: dans fan on September 10, 2011, 09:57:40 PM
Safe!
After 2 weeks of back and forth with them, they finally realized that I didn't file for taxes for the year that they wanted to see (I was a dependent), so they said to just send in 3 bank statements.
They put a spending limit on the cards, but it doesn't really bother me, and now I can still get my signup bonus :)
would you mind sharing 1) about how much was you ending bal in the statment you sent ? 2) how much waent thru the acc in that statment (how much was deposited and withdrawn)?
Title: Re: Amex Financial Review
Post by: ashers on September 11, 2011, 05:00:23 PM
Wooooooooops
Grandma came to Israel, did some spending on her card and triggered an FR
so add Israel to the FR trigger list
Title: Re: Amex Financial Review
Post by: elikay on September 11, 2011, 05:14:56 PM
Its there already.
Title: Re: Amex Financial Review
Post by: sky121 on September 11, 2011, 06:10:53 PM
Wooooooooops
Grandma came to Israel, did some spending on her card and triggered an FR
so add Israel to the FR trigger list

If you call to tell them beforehand you are going to be spending does that help prevent it?
Title: Re: Amex Financial Review
Post by: Yos on September 14, 2011, 09:03:41 AM
would you mind sharing 1) about how much was you ending bal in the statment you sent ? 2) how much waent thru the acc in that statment (how much was deposited and withdrawn)?
I had to send in 3 months worth of bank statements. The average balance was around $3,000 and I deposited about $2-3k per month for 2 of the months and the other month 18k.
I received a letter from them saying that they put a limit on the account because the average balance was too low.
Just happy they didn't close my accounts and make me lose my 220,000 MR points and 35,000 Starwood points.
Title: Re: Amex Financial Review
Post by: fetcher on September 14, 2011, 06:21:59 PM
Just curious.  Is Amex doing FR on people within certain age group?  For the people who got FR'd can you give us your age limit?  20's, 30's 40's 50's and etc.
Title: Re: Amex Financial Review
Post by: dans fan on September 14, 2011, 10:45:59 PM
I had to send in 3 months worth of bank statements. The average balance was around $3,000 and I deposited about $2-3k per month for 2 of the months and the other month 18k.
I received a letter from them saying that they put a limit on the account because the average balance was too low.
Just happy they didn't close my accounts and make me lose my 220,000 MR points and 35,000 Starwood points.
tks
  20's, 30's 40's 50's and etc.

yes. yes. yes. yes. ect
Title: Re: Amex Financial Review
Post by: sr on October 10, 2011, 09:42:54 AM
Been with AmEx since 2003 and always got approved with crazy credit limits 25k+ for each new card - never carry too high a balance and always pay on time... Just went to Israel for 3 days and came back to a F/R...

I have no clue what I wrote on my app for income but I usually dont exaggerate too much... Am I better off preemptively canceling some of my cards (2 biz 3 personal) or trying to first go through with the f/r? Will I have a chance to cancel myself if I don't pass the f/r or will they cancel automatically if I don't pass?

Thanks for your help!!
Title: Re: Amex Financial Review
Post by: Avid Reader on October 10, 2011, 10:02:32 AM
Don't cancel the cards. Go through with the FR and give them what they want, you stand a 99% chance of passing. At worst, they would lower you CL, but based on what you're saying, they probably wouldn't even do that.
Title: Re: Amex Financial Review
Post by: dans fan on October 10, 2011, 10:06:27 AM
Been with AmEx since 2003 and always got approved with crazy credit limits 25k+ for each new card - never carry too high a balance and always pay on time... Just went to Israel for 3 days and came back to a F/R...

I have no clue what I wrote on my app for income but I usually dont exaggerate too much... Am I better off preemptively canceling some of my cards (2 biz 3 personal) or trying to first go through with the f/r? Will I have a chance to cancel myself if I don't pass the f/r or will they cancel automatically if I don't pass?

Thanks for your help!!
this depends on who your rep is there are many witches and a couple of nice ones when you talk to them try to see if you get any vibes. if you can show income about 30k i wouldnt be worried. if i would cancell a card i would mention it to my rep so that they dont think i am playing games with 30k you should be fine but i dont know if it will carry 5 accounts try to olso send in bank statements if you have a couple of thousand in acc other than that keep in mind all rep are dif. i believe that when they fry you they have a agenda and it some cases it might just be a play to make it look like they shut you down for a valid reason and therefore each person gets treated differently so there is no real rule hakol lifi hamivayish vehamisbayish. in short it depends on you and your case worker no two are the same 
Don't cancel the cards. Go through with the FR and give them what they want, you stand a 99% chance of passing. At worst, they would lower you CL, but based on what you're saying, they probably wouldn't even do that.
what did he say that brougt you to that conclusion
Title: Re: Amex Financial Review
Post by: dans fan on October 10, 2011, 10:08:11 AM
Been with AmEx since 2003 and always got approved with crazy credit limits 25k+ for each new card - never carry too high a balance and always pay on time... Just went to Israel for 3 days and came back to a F/R...

I have no clue what I wrote on my app for income but I usually dont exaggerate too much... Am I better off preemptively canceling some of my cards (2 biz 3 personal) or trying to first go through with the f/r? Will I have a chance to cancel myself if I don't pass the f/r or will they cancel automatically if I don't pass?

Thanks for your help!!
who is assigned to your case
Title: Re: Amex Financial Review
Post by: Avid Reader on October 10, 2011, 10:13:13 AM
@dans fan, did you read this whole thread?
Title: Re: Amex Financial Review
Post by: sr on October 10, 2011, 10:15:15 AM
who is assigned to your case

D. Mumford
Title: Re: Amex Financial Review
Post by: dans fan on October 10, 2011, 10:17:30 AM
@dans fan, did you read this whole thread?
yes i did why do you ask i just asked what did he say that he never said any thing about how much his income is its not exaggerated but it might not be suffice ( if he wrote 30 and its 20) olso 99% is way way to high 
D. Mumford
dont rec. it
Title: Re: Amex Financial Review
Post by: Side incomer on October 16, 2011, 01:11:46 AM
I didn't follow this whole thread. But I'm wondering if someone is on a negative with MR, and his accounts get closed after FR, will he still have to pay the 2.5 per point, since he didn't pay back?
Title: Re: Amex Financial Review
Post by: elikay on October 16, 2011, 01:18:15 AM
If his income is 20 and he wrote 30 I'd consider that exagerating (its a 50% increase!)
Title: Re: Amex Financial Review
Post by: Avid Reader on October 16, 2011, 04:53:25 AM
The point here is that if you have around 20k (not really a magic number..) of provable documented income, and the 'rest' is not on paper, AMEX will usually except that if you can explain away the rest. They might wanna see your bank statements etc. At max they'll cut  your credit lines low. But they most likely won't shut the accounts. [No guarantees obviously, just talking from peoples experiences posted here]
Title: Re: Amex Financial Review
Post by: Nitantnel on October 16, 2011, 08:23:47 AM
The point here is that if you have around 20k (not really a magic number..) of provable documented income, and the 'rest' is not on paper, AMEX will usually except that if you can explain away the rest. They might wanna see your bank statements etc. At max they'll cut  your credit lines low. But they most likely won't shut the accounts. [No guarantees obviously, just talking from peoples experiences posted here]

Accept
Title: Re: Amex Financial Review
Post by: Avid Reader on October 16, 2011, 11:54:04 AM
Accept

I stand corrected.
Title: Re: Amex Financial Review
Post by: lybbtthl on October 19, 2011, 03:15:50 AM
I know this is probably addressed somewhere in this forum but going through 38 pages is too much.

I have a personal amex with a $2k limit since july this year and a $3k business card for just over a month now. My whole credit history is very limited (only since Nov 2009) and I just got a call today that I'm being FR'ed. Being that I have no income to show and I'm a bochur in Yeshiva, I don't think I'll pass a FR so I plan on cancelling my cards before they do (unless there is a better option?!), the question is how long do I have? I didn't even speak properly with anyone yet, I told them I'm too busy now I'll have to call back. Also do you need to pay everything up before you try and cancel? or if you cancel while owing, they'll just send you some sort of bill? What if there are just pending charges?

another question, I plan on applying for some other credit cards, should I apply before I cancel the amex's so my CR shows up more accounts? or should i do it after I already cancel and they'll see I had an account but now I cancelled it; what has a better chance of me getting approved?

Title: Re: Amex Financial Review
Post by: PlatinumGuy on October 19, 2011, 04:37:40 AM
first pay off the bills so your utilization goes down, then apply for new cards before you cancel the amex
Title: Re: Amex Financial Review
Post by: Avid Reader on October 19, 2011, 07:28:14 AM
first pay off the bills so your utilization goes down, then apply for new cards before you cancel the amex
+1
If you still carry a balance after the cards are closed, it will show up as 100% utilization, which is not good.
Title: Re: Amex Financial Review
Post by: lybbtthl on October 19, 2011, 12:30:36 PM
first pay off the bills so your utilization goes down, then apply for new cards before you cancel the amex

how long will the lower utilization take to show up on my credit report? don't cc companies report to the credit bureaus like once a month?!
or can a credit card application get real time access directly to my current accounts even from other banks?
Title: Re: Amex Financial Review
Post by: lybbtthl on October 19, 2011, 03:21:54 PM
I just got off the phone with the FR dept. and the rep told me to send in 3 months of bank statements (since I told her I'm a student and didn't file taxes she said statements would have to do) from the account I use to pay the bill with. I asked her what happens next she told me either nothing or the limits may be reduced I asked her if there is a chance I will be shut down, she said no. Is she telling the truth? What if my statements don't support my alleged income of $50,000? Is it better I preemptively shut down my accounts? I want to keep my accounts even if they reduce the limit, but on the other hand I don't want them shutting me down. What do I do?
Title: Re: Amex Financial Review
Post by: elikay on October 19, 2011, 03:27:45 PM
I just got off the phone with the FR dept. and the rep told me to send in 3 months of bank statements (since I told her I'm a student and didn't file taxes she said statements would have to do) from the account I use to pay the bill with. I asked her what happens next she told me either nothing or the limits may be reduced I asked her if there is a chance I will be shut down, she said no. Is she telling the truth? What if my statements don't support my alleged income of $50,000? Is it better I preemptively shut down my accounts? I want to keep my accounts even if they reduce the limit, but on the other hand I don't want them shutting me down. What do I do?
Wait and see, they probably will not shut you down IF you hae any income to prove (or $$ in the bank).
Title: Re: Amex Financial Review
Post by: lybbtthl on October 23, 2011, 12:46:54 AM
Wait and see, they probably will not shut you down IF you hae any income to prove (or $$ in the bank).
My average account balance (in the account I payed the bill from) for the last 3 months, is about $500.
The highest balance it hit is about $2100.

What do you think I should do? (considering I only have a $5K combined limit)
Title: Re: Amex Financial Review
Post by: elikay on October 23, 2011, 02:03:13 AM
I don't know... hopefully someone else can chime in.
Title: help regarding 4506t request from american extress
Post by: moshe80 on October 31, 2011, 12:02:28 PM
hi i got a request from american express for my wife card that  i need to fill out souch a 4506t the promlem is that she does not have any income on her name now and if i dont fill it out they will close the account ? any help please 

also whats the reason they asking for this ?
Title: Re: help regarding 4506t request from american extress
Post by: bubbles on October 31, 2011, 12:04:37 PM
try posting in this (http://www.dansdeals.com/forums/index.php?topic=8.0) thread
Title: Re: help regarding 4506t request from american extress
Post by: AsherO on October 31, 2011, 12:10:32 PM
hi i got a request from american express for my wife card that  i need to fill out souch a 4506t the promlem is that she does not have any income on her name now and if i dont fill it out they will close the account ? any help please 

also whats the reason they asking for this ?

If you've filed jointly and you have income, methinks she'll be fine. You should also ask about bank statements (if you have ones with decent balances/cashflow), they sometimes accept that.

It's hard to know what triggered it in your place, a lot of different triggers for this have been reported.

P.s. You should use a browser with spell-check, your spelling is appalling.
Title: Re: Amex Financial Review
Post by: Side incomer on October 31, 2011, 02:26:15 PM
This has bean well discussed. I was just FR'd together with my wife, same income, about the same amount / types of spending on the cards, I survived, she didn't. I called them up to ask, what's the difference, she told me that on my wife's card there is quite a few airline charges for different people, and that's called extending the credit from Amex to other people, so they couldn't keep her. So people be aware.
Title: Re: Amex Financial Review
Post by: myb821 on October 31, 2011, 02:37:16 PM
How do they know who the airline charges were for
Title: Re: Amex Financial Review
Post by: AJK on October 31, 2011, 02:39:26 PM
How do they know who the airline charges were for

Go look at your online statement and you'll figure it out real quick.
Title: Re: Amex Financial Review
Post by: yaakov s on October 31, 2011, 02:47:51 PM
Go look at your online statement and you'll figure it out real quick.
I think he means who the airline charges were for, oneself vs others
Title: Re: Amex Financial Review
Post by: Dan on October 31, 2011, 02:48:49 PM
I think he means who the airline charges were for, oneself vs others
I think AJK knew what he meant.
Title: Re: Amex Financial Review
Post by: yaakov s on October 31, 2011, 02:50:46 PM
I think AJK knew what he meant.
NP

And he could use the love today  ;)
Title: Re: Amex Financial Review
Post by: AJK on October 31, 2011, 02:54:19 PM
I think AJK knew what he meant.

+1

And he could use the love today  ;)

I appreciate your sentiment, I'm just not sure I agree with it.
Title: Re: Amex Financial Review
Post by: PlatinumGuy on October 31, 2011, 03:41:44 PM
she told me that on my wife's card there is quite a few airline charges for different people, and that's called extending the credit from Amex to other people, so they couldn't keep her. So people be aware.
I'm surprised - I always thought they want you to use your card for other people. After all their business is about processing charges. Maybe this was with the PRG & they don't really want togive out 3X MR?
Title: Re: Amex Financial Review
Post by: yaakov s on October 31, 2011, 03:46:14 PM
I'm surprised - I always thought they want you to use your card for other people. After all their business is about processing charges. Maybe this was with the PRG & they don't really want togive out 3X MR?
Not so sure your corect . They dont want you using it for cash advances. Just like you cant charge your own business with your card.
Title: Re: Amex Financial Review
Post by: AsherO on October 31, 2011, 03:52:56 PM
I appreciate your sentiment, I'm just not sure I agree with it.

+100 :P
Title: Re: Amex Financial Review
Post by: moshe80 on October 31, 2011, 04:02:22 PM
I also charged my wife card to buy 2 airline tickets one for me and one for my friend maybe thatís why they are targeting my wife card. Good to know but now itís too late.
Title: Re: Amex Financial Review
Post by: AsherO on October 31, 2011, 04:05:51 PM
I also charged my wife card to buy 2 airline tickets one for me and one for my friend maybe thatís why they are targeting my wife card. Good to know but now itís too late.

Heads up to anyone under F/R with Amex MR points in your MR account. Be sure to clear out (redeem) your MR account if you're expecting they'll shut you down, otherwise you're risking your points. The Excise Tax for MR transfers to US airlines can reportedly be paid with an F/R-blocked card.
Title: Re: Amex Financial Review
Post by: Side incomer on October 31, 2011, 07:20:39 PM
Heads up to anyone under F/R with Amex MR points in your MR account. Be sure to clear out (redeem) your MR account if you're expecting they'll shut you down, otherwise you're risking your points. The Excise Tax for MR transfers to US airlines can reportedly be paid with an F/R-blocked card.
Why say that?. you still have 30 days after closing to transfer (on their document they say 90 days). I was able to clear out even the pending bonus points on my brothers account.
On my wife's card I had a negative balance with MR, and I flighted out to not have to pay them. it worked B"h.
Title: Re: Amex Financial Review
Post by: yaakov s on October 31, 2011, 07:21:49 PM
Why say that?. you still have 30 days after closing to transfer (on their document they say 90 days). I was able to clear out even the pending bonus points on my brothers account.
On my wife's card I had a negative balance with MR, and I flighted out to not have to pay them. it worked B"h.
Are you sure you wont have to end up paying?
Title: Re: Amex Financial Review
Post by: AsherO on October 31, 2011, 07:38:12 PM
Are you sure you wont have to end up paying?

+1
Title: Re: Amex Financial Review
Post by: Side incomer on November 01, 2011, 08:25:42 AM
Are you sure you wont have to end up paying?
They removed the whole negative balance, and even credited an additional 15,000 MR points for the aggravation, and I had them moved to my account, since they let this for canceled cards, to transfer to spouses. After all I saw already my statement, where it says that they added 40,000 points to my MR.
So, yes I'm sure I'll not end up paying this.
Title: Re: Amex Financial Review
Post by: Mocha on November 01, 2011, 08:40:35 AM
I'm surprised - I always thought they want you to use your card for other people. After all their business is about processing charges.
I don't think that this has anything to do with using it for cash advances. It would make more sense to me that it was a decision based on risk assessment. Let me explain what I mean..they decide to extend to you a credit line based on your credit report which is an indication as to how big or small of a risk you are in terms of paying your bills. When you start paying for other peoples tickets, it becomes clear that your not using your card solely for yourself and that throws in a monkey wrench to their calculations...this is my guess.
Title: Re: Amex Financial Review
Post by: AsherO on November 01, 2011, 08:57:10 AM
They removed the whole negative balance, and even credited an additional 15,000 MR points for the aggravation, and I had them moved to my account, since they let this for canceled cards, to transfer to spouses. After all I saw already my statement, where it says that they added 40,000 points to my MR.
So, yes I'm sure I'll not end up paying this.

I'd say they were quite generous with you, way to go :)

Was this regular MR department CSR? A supervisor there? Please explain.

I don't think that this has anything to do with using it for cash advances. It would make more sense to me that it was a decision based on risk assessment. Let me explain what I mean..they decide to extend to you a credit line based on your credit report which is an indication as to how big or small of a risk you are in terms of paying your bills. When you start paying for other peoples tickets, it becomes clear that your not using your card solely for yourself and that throws in a monkey wrench to their calculations...this is my guess.

I'd say it's more than just a monkey-wrench and that there's inherent risk in cash-advances and using your card for other peoples' charges. I'm not sure if we're saying the same thing just different words, or if we actually disagree ;)
Title: Re: Amex Financial Review
Post by: bubbles on November 01, 2011, 09:00:13 AM
I was under the impression that they don't want you using your card for cash advances because they don't want you paying off your cc bill with their own money.
Title: Re: Amex Financial Review
Post by: Mocha on November 01, 2011, 09:05:11 AM
I'd say it's more than just a monkey-wrench and that there's inherent risk in cash-advances and using your card for other peoples' charges. I'm not sure if we're saying the same thing just different words, or if we actually disagree ;)
We agree
Title: Re: Amex Financial Review
Post by: Saver2000 on November 01, 2011, 09:43:01 AM
When I was fr'd they told me that one of the things they didn't like/(trigger) was that an AU on the acct was doing a l ::)ot of spending. Reason is bec they extended credit to me based on me being able to pay the bill. Now that someone else is using it (and paying it) "who says he will be able to pay next month?"

Title: Re: Amex Financial Review
Post by: AJK on November 01, 2011, 10:12:36 AM
I was under the impression that they don't want you using your card for cash advances because they don't want you paying off your cc bill with their own money.

I'm not so sure about that... I don't believe CC companies have any problem extending cash advances to you considering the high attendant costs.
Title: Re: Amex Financial Review
Post by: Dan on November 01, 2011, 11:33:45 AM
They only want to extend cash advances if you pay them the f$$$$s for them.  They don't like you doing regular purchases as cash advances.
Title: Re: Amex Financial Review
Post by: AJK on November 01, 2011, 11:40:57 AM
They only want to extend cash advances if you pay them the f$$$$s for them.  They don't like you doing regular purchases as cash advances.

I wasn't aware you could conduct a cash advance without fees.
Title: Re: Amex Financial Review
Post by: moshe80 on November 01, 2011, 01:15:03 PM
American express is asking me for  AR I have 4 cards with them. is it a lost case and I should close all my account or I should send them back my tax return and wait till they r going to close it ?
Title: Re: Amex Financial Review
Post by: Side incomer on November 01, 2011, 01:25:34 PM
I'd say they were quite generous with you, way to go :)

Was this regular MR department CSR? A supervisor there? Please explain.

No MR or any Supervisor wasn't about to help at all. I got this thru SM, after 3-4 heavy back and forth emails, I got this response:

Hello Side Incomer,

Thank you for your follow up email.

We do understand the matter and I have talked with my manager about this for a long time and got the maximum possible exception for you.

I see that 23,215 points are in outstanding points advance balance and if they are not satisfied before the account closes, you would be billed a fee, which would be close to $5,900.00.

Under a special exception that I was able to get for you, I have got a 40,000 points issued without investigation for you. This has removed all the points advance outstanding balance and now your reward account has a positive balance of 16,785 available points.

This has saved a fee of close to $5,900.00 being billed to your account.

We have never done this before; however, we understand the situation and with a special exception, I was able to get this processed.

I hope that what I was able to do for you has been of little help to you.
Sincerely,


Although she maid a huge mistake by writing $5,900.00, while it's actually only $590.00
Title: Re: Amex Financial Review
Post by: Dan on November 01, 2011, 01:30:02 PM
Lol...$5,900 for 23K points.
Title: Re: Amex Financial Review
Post by: AsherO on November 01, 2011, 03:01:05 PM
No MR or any Supervisor wasn't about to help at all. I got this thru SM, after 3-4 heavy back and forth emails, I got this response:

Hello Side Incomer,

Thank you for your follow up email.

We do understand the matter and I have talked with my manager about this for a long time and got the maximum possible exception for you.

I see that 23,215 points are in outstanding points advance balance and if they are not satisfied before the account closes, you would be billed a fee, which would be close to $5,900.00.

Under a special exception that I was able to get for you, I have got a 40,000 points issued without investigation for you. This has removed all the points advance outstanding balance and now your reward account has a positive balance of 16,785 available points.

This has saved a fee of close to $5,900.00 being billed to your account.

We have never done this before; however, we understand the situation and with a special exception, I was able to get this processed.

I hope that what I was able to do for you has been of little help to you.
Sincerely,


Although she maid a huge mistake by writing $5,900.00, while it's actually only $590.00


Sweet, thanks for sharing. Which department did you SM?
Title: Re: Amex Financial Review
Post by: Side incomer on November 01, 2011, 03:03:16 PM
Sweet, thanks for sharing. Which department did you SM?
I SM'd General inquiries. Actually from my experience, the same people answer all the SM's, regardless of which dep you send it. I get every-time the same round-up of indian / pakistan / taliban names. Lol
Title: Re: Amex Financial Review
Post by: Dan on November 01, 2011, 03:06:15 PM
I SM'd General inquiries. Actually from my experience, the same people answer all the SM's, regardless of which dep you send it. I get every-time the same round-up of indian / pakistan / taliban names. Lol
Not for social media.
Title: Re: Amex Financial Review
Post by: AsherO on November 01, 2011, 03:08:50 PM
Not for social media.

That's tested and true.
Title: Re: Amex Financial Review
Post by: Side incomer on November 01, 2011, 03:09:55 PM
Not for social media.
Correct. But thats only recently since they changed the option for twitter / FB. Before that I always got the same names via Social Media.
Title: Re: Amex Financial Review
Post by: lybbtthl on November 09, 2011, 12:27:55 AM
I just got off the phone with the FR dept. and the rep told me to send in 3 months of bank statements (since I told her I'm a student and didn't file taxes she said statements would have to do) from the account I use to pay the bill with. I asked her what happens next she told me either nothing or the limits may be reduced I asked her if there is a chance I will be shut down, she said no. Is she telling the truth? What if my statements don't support my alleged income of $50,000? Is it better I preemptively shut down my accounts? I want to keep my accounts even if they reduce the limit, but on the other hand I don't want them shutting me down. What do I do?

Decided to go ahead and send in my bank statements and not shut down the accounts myself, a day later I spoke with my account manager at AMEX and they told me decision is not yet final, most likely limits will be reduced. Today (5 days later) they released my accounts with no reductions!
Title: Re: Amex Financial Review
Post by: AJK on November 09, 2011, 12:31:07 AM
Decided to go ahead and send in my bank statements and not shut down the accounts myself, a day later I spoke with my account manager at AMEX and they told me decision is not yet final, most likely limits will be reduced. Today (5 days later) they released my accounts with no reductions!

Tihiyeh Bari.
Title: Re: Amex Financial Review
Post by: AsherO on November 09, 2011, 12:32:21 AM
Decided to go ahead and send in my bank statements and not shut down the accounts myself, a day later I spoke with my account manager at AMEX and they told me decision is not yet final, most likely limits will be reduced. Today (5 days later) they released my accounts with no reductions!

BH, glad to hear.

Tihiyeh Bari.

??? (I understand the words, but I don't get your point)
Title: Re: Amex Financial Review
Post by: AJK on November 09, 2011, 12:33:57 AM
Just a wish that he should have continued successes.

No "point."
Title: Re: Amex Financial Review
Post by: lybbtthl on November 09, 2011, 12:39:25 AM
Just a wish that he should have continued successes.

No "point."

thanks for your brochos! :)
Title: Re: Amex Financial Review
Post by: AsherO on November 09, 2011, 12:40:05 AM
Just a wish that he should have continued successes.

Amen.
Title: Re: Amex Financial Review
Post by: lybbtthl on November 09, 2011, 12:42:25 AM
BTW the cause of my FR was a $1300 purchase from Costco which I returned 2 days later.
Title: Re: Amex Financial Review
Post by: AJK on November 09, 2011, 12:43:09 AM
BTW the cause of my FR was a $1300 purchase from Costco which I returned 2 days later.

How do you know? Is $1300 aberrational for you?
Title: Re: Amex Financial Review
Post by: lybbtthl on November 09, 2011, 12:46:53 AM
How do you know? Is $1300 aberrational for you?

They told me;

I guess you could say so; my account is only a few months old - july this year - and the limit is only $2K
Title: Re: Amex Financial Review
Post by: AJK on November 09, 2011, 12:47:47 AM
They told me;

I guess you could say so; my account is only a few months old - july this year - and the limit is only $2K

Yea, I think I've read somewhere that a high util % is a trigger for FR...
Title: Re: Amex Financial Review
Post by: AsherO on November 09, 2011, 12:49:00 AM
I guess you could say so; my account is only a few months old - july this year - and the limit is only $2K

With a 2k limit you used 65% of your CL with one purchase... That makes sense to me (that it triggered an F/R), I'm surprised they told you though, they don't usually tell AFAIK.
Title: Re: Amex Financial Review
Post by: lybbtthl on November 09, 2011, 12:52:08 AM
With a 2k limit you used 65% of your CL with one purchase... That makes sense to me (that it triggered an F/R), I'm surprised they told you though, they don't usually tell AFAIK.

It's interesting that it triggered so instantly! I told you I returned it 2 days later!

They didn't tell me outright, but that was their main question to me.
Title: Re: Amex Financial Review
Post by: AJK on November 09, 2011, 12:53:28 AM
It's interesting that it triggered so instantly! I told you I returned it 2 days later!

It sends up red flags as soon as the purchase is made. AMEX undoubtedly has systems that monitor these things. It probably wouldn't have made a difference if you returned it two HOURS later.
Title: Re: Amex Financial Review
Post by: lybbtthl on November 09, 2011, 12:54:52 AM
It sends up red flags as soon as the purchase is made. AMEX undoubtedly has systems that monitor these things. It probably wouldn't have made a difference if you returned it two HOURS later.

Either way learnt my lesson, gonna make sure my account is under 33% utilization, unless there are different opinions of what the best amount is?
Title: Re: Amex Financial Review
Post by: AJK on November 09, 2011, 12:56:09 AM
Either way learnt my lesson, gonna make sure my account is under 33% utilization, unless there are different opinions of what the best amount is?

There is no black and white, but the consensus is somewhere around 25-33%.
Title: Re: Amex Financial Review
Post by: AsherO on November 09, 2011, 01:00:02 AM
Either way learnt my lesson, gonna make sure my account is under 33% utilization, unless there are different opinions of what the best amount is?

There is no black and white, but the consensus is somewhere around 25-33%.

Best? So if I have a $30k credit line I should be using $7k+ every month?

I'd say <10% is best, at least for your credit score. 33% sounds a bit high to me.
Title: Re: Amex Financial Review
Post by: lybbtthl on November 09, 2011, 01:00:17 AM
There is no black and white, but the consensus is somewhere around 25-33%.

and what's the downside of spending less than 25%?
Title: Re: Amex Financial Review
Post by: AJK on November 09, 2011, 01:02:11 AM
Best? So if I have a $30k credit line I should be using $7k+ every month?

I'd say <10% is best, at least for your credit score. 33% sounds a bit high to me.

I'm not going to argue with you. I'm just relating what I've read.
Title: Re: Amex Financial Review
Post by: AsherO on November 09, 2011, 01:11:57 AM
and what's the downside of spending less than 25%?

That you can spend less...

I'm not going to argue with you. I'm just relating what I've read.

+1
Title: Re: Amex Financial Review
Post by: lybbtthl on November 09, 2011, 01:15:37 AM
That you can spend less...
huh?
I'm asking is there a disadvantage in spending less than 25%
Title: Re: Amex Financial Review
Post by: AJK on November 09, 2011, 01:23:29 AM
huh?
I'm asking is there a disadvantage in spending less than 25%

I don't think there would necessarily be a disadvantage of spending 10% vs 25%, but there is a disadvantage if you 1) exceed ~35% and 2) if you show 0%.
Title: Re: Amex Financial Review
Post by: lybbtthl on November 09, 2011, 01:24:21 AM
I don't think there would necessarily be a disadvantage of spending 10% vs 25%, but there is a disadvantage if you 1) exceed ~35% and 2) if you show 0%.

what about 1%?
is there an estimate what would be too low?
Title: Re: Amex Financial Review
Post by: AJK on November 09, 2011, 01:26:15 AM
This (http://www.creditkarma.com/article/CreditCardUtilizationAndScore) explains it pretty well.
Title: Re: Amex Financial Review
Post by: AsherO on November 09, 2011, 01:29:56 AM
This (http://www.creditkarma.com/article/CreditCardUtilizationAndScore) explains it pretty well.

Didn't you notice the chart there that shows the highest average scores for 1-10% utilization?
Title: Re: Amex Financial Review
Post by: AJK on November 09, 2011, 01:31:53 AM
Didn't you notice the chart there that shows the highest average scores for 1-10% utilization?

..and that would be something that I've read which disagrees with other things I've read.

Title: Re: Amex Financial Review
Post by: AsherO on November 09, 2011, 01:32:30 AM
..and that would be something that I've read which disagrees with other things I've read.

At least I'm not the only one.
Title: Amex Financial Review
Post by: clownaparte on November 09, 2011, 03:57:45 PM
There is no black and white, but the consensus is somewhere around 25-33%.

+1 Clearly YMMV, though. I consistently use 90+% and pay in full and have b"h not yet had a FR.
Title: Re: Amex Financial Review
Post by: AsherO on November 10, 2011, 01:46:02 AM
+1 Clearly YMMV, though. I consistently use 90+% and pay in full and have b"h not yet had a FR.

OMG that is scary. What kind of CL are w talking about?
Title: Re: Amex Financial Review
Post by: AJK on November 10, 2011, 01:50:04 AM
OMG that is scary. What kind of CL are w talking about?

Would it matter to the F/R risk?
Title: Re: Amex Financial Review
Post by: AsherO on November 10, 2011, 02:04:05 AM
Would it matter to the F/R risk?

I think so, the higher the riskier.
Title: Re: Amex Financial Review
Post by: AJK on November 10, 2011, 02:04:59 AM
I think so, the higher the riskier.

Even if he "consistently" uses and pays of 90%?
Title: Re: Amex Financial Review
Post by: AsherO on November 10, 2011, 02:07:06 AM
Even if he "consistently" uses and pays of 90%?

Yes. Amex might still be worried that the guy swiping $150,000 a month might not be able to pay his bill one day, especially if he reports an income of $250,000 a year.
Title: Re: Amex Financial Review
Post by: Afight4ever on November 10, 2011, 09:55:33 AM
I got FR last week and submitted the papers they asked for. Unfortunally for me I didn't file my tax return until last week. I also don't declare much on my tax return which shows much less then my amount I put on my application. What should I expect next? Account getting shut down? Would i be able to plead my case to anyone?
Title: Re: Amex Financial Review
Post by: AsherO on November 10, 2011, 09:57:12 AM
I got FR last week and submitted the papers they asked for. Unfortunally for me I didn't file my tax return until last week. I also don't declare much on my tax return which shows much less then my amount I put on my application. What should I expect next? Account getting shut down? Would i be able to plead my case to anyone?

If you report $20-30k income on your return (for the past 3 years) and you told them you filed late, then hopefully they will just cut your credit lines as others here have experiences.
Title: Amex Financial Review
Post by: clownaparte on November 10, 2011, 10:08:23 AM
OMG that is scary. What kind of CL are w talking about?
With that particular card (SPG Biz) 24k. With Amex overall 63k. (I think Amex also looks at your overall lines w/them, not only the individual card.)
Title: Re: Amex Financial Review
Post by: AsherO on November 10, 2011, 10:12:56 AM
With that particular card (SPG Biz) 24k. With Amex overall 63k. (I think Amex also looks at your overall lines w/them, not only the individual card.)

Yup, that makes sense. Maybe if the other CLs go unused that keeps your overall utilization with them low, so you fly under the radar.
Title: Amex Financial Review
Post by: clownaparte on November 10, 2011, 10:19:04 AM
Yup, that makes sense. Maybe if the other CLs go unused that keeps your overall utilization with them low, so you fly under the radar.
They don't go unused, but very low utilization - 2-3k/mo.
Title: Re: Amex Financial Review
Post by: Afight4ever on November 10, 2011, 11:42:33 AM
None of the above apply to me. Reported less, and have medium CL with them 40k approx
Title: Re: Amex Financial Review
Post by: yaakov s on November 10, 2011, 03:25:07 PM
How badly does a card closed by issuer affect your credit score .

 Im under FR http://forums.dansdeals.com/index.php?topic=9339.msg135204#msg135204  :) . My docs are in order . However I did some hanky panky spending . I dont want to preempt them and shut my cards and lose the MR and the $25 for each card if they werent going to.

The guy acted very very nice and kept on apologizing and telling me not to worry . Is that a ploy . Or is he really not concerned
Title: Re: Amex Financial Review
Post by: Mikeoracle on November 10, 2011, 03:54:34 PM
Yaakov,

I had a similar situation 2 weeks ago on my wife's account. I didnt take any chances and cleaned out the MR balance just in case.
In the end they said all was in order but they had to do something because an FR was triggered (whatever the #$@ that means) and they put limits on the Plat and Gold cards and they lowered the CL on her SPG card.
Title: Re: Amex Financial Review
Post by: AJK on November 10, 2011, 05:28:41 PM
My G-d, I hope it's simply that DDF community is large, but I feel like I'm seeing FR's everywhere.

How badly does a card closed by issuer affect your credit score .

 Im under FR http://forums.dansdeals.com/index.php?topic=9339.msg135204#msg135204  :) . My docs are in order . However I did some hanky panky spending . I dont want to preempt them and shut my cards and lose the MR and the $25 for each card if they werent going to.

The guy acted very very nice and kept on apologizing and telling me not to worry . Is that a ploy . Or is he really not concerned

Yikes, so that major spend for the AU's did bite you?
Title: Re: Amex Financial Review
Post by: AsherO on November 10, 2011, 05:44:09 PM
How badly does a card closed by issuer affect your credit score .

It isn't just your score that's important, something like a card closed by creditor might make them suspicious and they might ask.

My G-d, I hope it's simply that DDF community is large, but I feel like I'm seeing FR's everywhere.

I don't think DDF members are a random sample, we've got a lot of risk factors.
Title: Re: Amex Financial Review
Post by: yaakov s on November 10, 2011, 06:14:58 PM
It isn't just your score that's important, something like a card closed by creditor might make them suspicious and they might ask.
Im in middle of refinancing my mortgage . Do you think I should play it safe

I don't think DDF members are a random sample, we've got a lot of risk factors.
+1
Title: Re: Amex Financial Review
Post by: AJK on November 10, 2011, 06:16:50 PM
I don't think DDF members are a random sample, we've got a lot of risk factors.

+1... I guess it goes back to most DDF member not being yellow-flagless.
Title: Re: Amex Financial Review
Post by: yaakov s on November 10, 2011, 06:20:18 PM
Just realized something the card Im most worried about is the Biz card . Doesnt that not show up on your credit report?
Title: Re: Amex Financial Review
Post by: AJK on November 10, 2011, 06:22:53 PM
Just realized something the card Im most worried about is the Biz card . Doesnt that not show up on your credit report?

It only won't show up if you remain "problem-less."

It will show up if you ever become delinquent.

Closed by issuer could be more like problem-less or more like delinquent...
Title: Re: Amex Financial Review
Post by: yaakov s on November 10, 2011, 06:26:35 PM
It only won't show up if you remain "problem-less."

It will show up if you ever become delinquent.

Closed by issuer could be more like problem-less or more like delinquent...
is that a question or statement
Title: Re: Amex Financial Review
Post by: AJK on November 10, 2011, 06:27:40 PM
is that a question or statement

Neither? Both?

I'm just saying that I'm not 100% sure if this would qualify as being adverse enough for them to slap it on your CR.
Title: Re: Amex Financial Review
Post by: clownaparte on November 10, 2011, 07:32:52 PM
Im in middle of refinancing my mortgage . Do you think I should play it safe
Yes
Title: Re: Amex Financial Review
Post by: yaakov s on November 10, 2011, 07:41:50 PM
Yes
My concern is will shutting down accounts be taken as suspicious and cause them to dig further. and that aint good
Title: Re: Amex Financial Review
Post by: yaakov s on November 10, 2011, 07:45:11 PM
Im in middle of refinancing my mortgage . Do you think I should play it safe
Does anyone know if they pull your credit report again after the initial pull . or once they pull it you are safe.
Title: Re: Amex Financial Review
Post by: clownaparte on November 10, 2011, 11:34:03 PM
Does anyone know if they pull your credit report again after the initial pull . or once they pull it you are safe.
Usually pull again
Title: Re: Amex Financial Review
Post by: Afight4ever on November 11, 2011, 07:07:05 AM
How often after a FR would Amex do another one?
Title: Re: Amex Financial Review
Post by: AJK on November 11, 2011, 10:02:46 AM
How often after a FR would Amex do another one?

No one here would be able to answer that question.

(Unless, of course, there is AMEX FR employee masquerading around here with a DDF hat on.)
Title: Re: Amex Financial Review
Post by: AsherO on November 11, 2011, 11:34:33 AM
No one here would be able to answer that question.

(Unless, of course, there is AMEX FR employee masquerading around here with a DDF hat on.)

YMMV. One guy here told me he had two (maybe even three, can't remember for sure), in less than a year. YMMV.
Title: Re: Amex Financial Review
Post by: yaakov s on November 11, 2011, 12:04:06 PM
YMMV. One guy here told me he had two (maybe even three, can't remember for sure), in less than a year. YMMV.
Read through the thread  and people reported more then one per year.

 I read the entire thing yesterday and didnt see much on Biz cards being Fr . Did they care if there was a Business? Did they want to know how much it made? Did they care what you purchased with your business card?
Title: Re: Amex Financial Review
Post by: AsherO on November 11, 2011, 12:15:45 PM
I read the entire thing yesterday and didnt see much on Biz cards being Fr . Did they care if there was a Business? Did they want to know how much it made? Did they care what you purchased with your business card?

I seem to remember the answers to all those questions being yes, but I don't remember where. Unfortunately not all the F/R discussion is in this thread.
Title: Re: Amex Financial Review
Post by: yaakov s on November 11, 2011, 12:19:53 PM
What do I lose by prempting them and closing my cards . If I pass the FR then I try reinstating them?
Title: Re: Amex Financial Review
Post by: AsherO on November 11, 2011, 12:24:08 PM
What do I lose by prempting them and closing my cards . If I pass the FR then I try reinstating them?

Reinstating might be an uphill battle (or might not), YMMV.

But it could be if you close your accounts they drop the inquiry (i.e. don't they consider reopening your cards) but you remain under F/R and won't be able to reopen them.
Title: Re: Amex Financial Review
Post by: Spiffster on November 11, 2011, 02:27:10 PM
When most people talk about FRs, it's the call in the middle of the day, your accounts are frozen, give us your tax returns.

So, once they have your returns, doing another one before you file for the next year would be counter-productive from that point.

but, i don't doubt amex would give you a call if you triggered something and they wanted to talk to you.  be kinda pointless to ask for the same taxforms they've already received but stranger things have happened....
Title: Re: Amex Financial Review
Post by: AsherO on November 11, 2011, 02:29:01 PM
When most people talk about FRs, it's the call in the middle of the day, your accounts are frozen, give us your tax returns.

So, once they have your returns, doing another one before you file for the next year would be counter-productive from that point.

but, i don't doubt amex would give you a call if you triggered something and they wanted to talk to you.  be kinda pointless to ask for the same taxforms they've already received but stranger things have happened....

Pointless or not, I've heard multiple reports of this happening.
Title: Re: Amex Financial Review
Post by: Side incomer on November 11, 2011, 02:49:13 PM
What do I lose by prempting them and closing my cards . If I pass the FR then I try reinstating them?
I tried that once on my brothers card. it didn't work, they claimed it couldn't be reinstated before they receive docs.
Title: Re: Amex Financial Review
Post by: Spiffster on November 11, 2011, 03:32:45 PM
Pointless or not, I've heard multiple reports of this happening.

well, if people have said it happens, then it obviously happens.  Business do pointless things all the time. 

I don't really worry about things like that.  I've amped up my activity since mt FR ended.  Setting 20-25K/month as the new norm...
Title: Re: Amex Financial Review
Post by: AJK on November 11, 2011, 04:29:28 PM
I tried that once on my brothers card. it didn't work, they claimed it couldn't be reinstated before they receive docs.

+1

Read that as being the case a few times. No docs, no dice.
Title: Re: Amex Financial Review
Post by: dans fan on November 13, 2011, 09:12:13 AM
When most people talk about FRs, it's the call in the middle of the day, your accounts are frozen, give us your tax returns.

So, once they have your returns, doing another one before you file for the next year would be counter-productive from that point.

but, i don't doubt amex would give you a call if you triggered something and they wanted to talk to you.  be kinda pointless to ask for the same taxforms they've already received but stranger things have happened....
we know that fr has nothing to do with income its a procedure to close/ harass /put spending limits/ security ect.... therefore they will do it more than once a year .
Title: Re: Amex Financial Review
Post by: dans fan on November 13, 2011, 09:13:53 AM
i got fried 3 months ago. they put spending limit. i just received a letter that they took it off (i never requested it)
Title: Re: Amex Financial Review
Post by: yaakov s on November 21, 2011, 07:43:36 PM
How badly does a card closed by issuer affect your credit score .

 Im under FR http://forums.dansdeals.com/index.php?topic=9339.msg135204#msg135204  :) . My docs are in order . However I did some hanky panky spending . I dont want to preempt them and shut my cards and lose the MR and the $25 for each card if they werent going to.

The guy acted very very nice and kept on apologizing and telling me not to worry . Is that a ploy . Or is he really not concerned
I think I passed with flying colors!!! Just got an email saying that my limits were adjusted . Called up Amex FR , spoke to someone on duty who basically told me that yes your cards will be reopened it just takes 24-48 hours . You will hear for sure from the person you are dealing with. I asked was anything else about the card changed , like AUs , she said I dont see anything in the notes.

Now lets hope they dont go after my wife
Title: Re: Amex Financial Review
Post by: Nitantnel on December 06, 2011, 12:54:42 PM
Is paying an account with s/o else's check a trigger, or any if it's directly from his bank account?
Title: Re: Amex Financial Review
Post by: miles on December 06, 2011, 12:58:42 PM
Is paying an account with s/o else's check a trigger, or any if it's directly from his bank account?
WIKI (http://wiki.dansdeals.com/AMEX_FR_TRIGGER_LIST)
Title: Re: Amex Financial Review
Post by: Nitantnel on December 06, 2011, 01:09:12 PM
WIKI (http://wiki.dansdeals.com/AMEX_FR_TRIGGER_LIST)

It does not much in it. Do we say michlal Hen Atah Shomeah lav?!

And it also doesn't mention paying with s/o else's bank account which definitely is a risk.
Title: Re: Amex Financial Review
Post by: miles on December 06, 2011, 03:24:06 PM
so we need to update the wiki
Title: Re: Amex Financial Review
Post by: dans fan on December 06, 2011, 05:24:38 PM
not sure about triggerbut if you do get fried this will make it much worse
Title: Re: Amex Financial Review
Post by: dealvr on December 06, 2011, 05:43:28 PM
not sure about triggerbut if you do get fried this will make it much worse
Does it get much worse then getting fried?
 :P
Title: Re: Amex Financial Review
Post by: clownaparte on December 07, 2011, 07:16:36 PM
I should really be thankful for my mazel. I've done most of the things on the list of potential FR triggers and have not been FRed...
Title: Re: Amex Financial Review
Post by: dealvr on December 07, 2011, 07:34:24 PM
I should really be thankful for my mazel. I've done most of the things on the list of potential FR triggers and have not been FRed...
... Yet (cv)
Title: Re: Amex Financial Review
Post by: clownaparte on December 07, 2011, 08:06:50 PM
... Yet (cv)

Al tiftach peh....
Title: Re: Questions for Dan
Post by: clownaparte on December 07, 2011, 08:15:06 PM
Apparently (from good source), logging in online very often to check your statement/balance with amex isn't a good thing, as they keep track of it (no the customer support don't know about it), but it shows to them that you are nervous about it.

I read this article (http://www.nytimes.com/2009/05/17/magazine/17credit-t.html?pagewanted=all) when it was first published. I'm sure people here will find it very interesting. One little quote from the middle:
Quote
Most of the major credit-card companies have set up systems to comb through cardholdersí data for signs that someone is going to stop making payments. Are cardholders suddenly logging in at 1 in the morning? It might signal sleeplessness due to anxiety. Are they using their cards for groceries? It might mean they are trying to conserve their cash. Have they started using their cards for therapy sessions? Do they call the card company in the middle of the day, when they should be at work? What do they say when a customer-service representative asks how theyíre feeling? Are their sighs long or short? Do they respond better to a comforting or bullying tone?
Title: Re: Amex Financial Review
Post by: myb821 on December 07, 2011, 08:18:04 PM
im sorry that sounds like a load of crap
Title: Re: Amex Financial Review
Post by: Nitantnel on December 07, 2011, 08:18:13 PM
Hey Superflyer, Why don't you just quote the whole article and give us another one of your signature super long posts.. ;)
Title: Re: Amex Financial Review
Post by: elikay on December 07, 2011, 09:02:09 PM
im sorry that sounds like a load of crap
+1
Title: Re: Amex Financial Review
Post by: Avid Reader on December 07, 2011, 10:25:35 PM
im sorry that sounds like a load of crap
+2

ien ledavar sof.
Title: Re: Amex Financial Review
Post by: AJK on December 09, 2011, 12:26:49 PM
I think I passed with flying colors!!! Just got an email saying that my limits were adjusted . Called up Amex FR , spoke to someone on duty who basically told me that yes your cards will be reopened it just takes 24-48 hours . You will hear for sure from the person you are dealing with. I asked was anything else about the card changed , like AUs , she said I dont see anything in the notes.

Now lets hope they dont go after my wife

Were your limits ever adjusted? From what to what?
Title: Re: Amex Financial Review
Post by: josh nyc on December 15, 2011, 03:51:10 PM
So the wife and I who have different names but same address (obv) were both hit this morning with account freezes followed up by email requests for 4506Ts. (the full account freeze prior to notifying me really ticked me off as I was declined this morning on a purchase with 2 diff cards which is why I called - only to find out hey its F/R time! grrr)

2 weeks ago, first amex app since may - wife triple apped Plat #2, SPG #2, DL Gold and was approved on all 3. Received plat and activated yesterday.

My Cards:
Plat, Gold, Gold Premier Rewards, SPG (5k CL), SPG#2 (2K CL), DL Gold (3K CL), SPG Biz (4K CL)
recently closed cards (last 6-12 months) were Plat, Gold, and a DL

Mrs Cards:
Plat (just received and was activated yest to double up on '11 and '12 AA GCs), Gold Premier Rewards, SPG (15K CL), DL Options (10K CL), Was approved for : SPG#2 & DL Gold (need to verify CLs)
recently closed: Plat, Gold, Jblue

Im assuming her TRIPLE APP & VERY HIGH CLs triggered FR for her and then same address triggered for me (although we were both frozen at the same exact time - btwn last night and this morning). I have no idea why they give such high CLs and never asked.

The Good:
1) I have most of what my stated income to amex is (prob about 15% short), but close enough from my day job.
2) I also own a new business (<1yr old) that has revenue for this yr (but im not taking a salary from the biz this yr and neither is the mrs - should i somehow claim the mrs makes some income from there? - something im not nec keen on doing if it will open up more doors to nowhere)
3) Mrs and I have a jt account at schwab with decent enough sized balance...its out there and not sure the best way to spin this as being income for her
4) We share a jt checking accnt that has monthly transactions and balances large enough to cover all our spending on Amex
5) We both have personal checking accounts that avg 5K+ in balances

The Bad:
The mrs is back in school and hasnt filed a tax return/made income since 09. In 09 the income was not that significant <20K

What is the best way to deal with this??
THANKS!
Title: Re: Amex Financial Review
Post by: 3ZeroT on December 16, 2011, 02:42:18 PM
Just to be clear, you didn't file married jointly last year (even if she had no income)?  In that case your income would have come back on her transcript.
Title: Re: Amex Financial Review
Post by: josh nyc on December 16, 2011, 03:50:17 PM
Just to be clear, you didn't file married jointly last year (even if she had no income)?  In that case your income would have come back on her transcript.

Going through my return last nt I realized (of course) that we filed jointly. My 2010 income is 20% stated income BC I only worked oct-dec. I can show pay stubbs for 2011 showing significant increase. Do I call Amex prior to sending in 4506T? And do I also explain other assets?
Thx!
Title: Re: Amex Financial Review
Post by: Dan on December 16, 2011, 03:54:21 PM
Yes and yes.
Title: Re: Amex Financial Review
Post by: josh nyc on December 16, 2011, 04:23:12 PM
Yes and yes.

We have diff amex F/R reps for the two of us. Do we each explain separately? (asking if anyone has had any sort of experience whether they treat you and wife as complete separate entities even when filing jointly etc)

apologize if my questions are not as clear as they should be- this F/R stuff is horrible!
Title: Re: Amex Financial Review
Post by: compddd on December 16, 2011, 06:27:11 PM
How do I find out what my CL is on my Amex charge cards?
Title: Re: Amex Financial Review
Post by: TC610 on December 16, 2011, 07:21:26 PM
How do I find out what my CL is on my Amex charge cards?

There is no credit line with AMEX Charge Cards.  They have no pre-set limit, but don't confuse that with "unlimited". 
Title: Re: Amex Financial Review
Post by: Side incomer on December 17, 2011, 06:22:19 PM
We have diff amex F/R reps for the two of us. Do we each explain separately? (asking if anyone has had any sort of experience whether they treat you and wife as complete separate entities even when filing jointly etc)

apologize if my questions are not as clear as they should be- this F/R stuff is horrible!
My wife and myself got both FR'd, my wife didn't survive, and I survived thru the same income, same cards, and got FR'd the same time. etc.
So, my suggestion is to completely work separately, because you have better chances going this thru.
Title: Re: Amex Financial Review
Post by: AsherO on December 20, 2011, 05:25:36 AM
How do I find out what my CL is on my Amex charge cards?

There's a link online to check spending ability, you can put in an amount and they tell you if it's approved. I wouldn't play around with it too much though, it might call unwanted attention to your account.

There is no credit line with AMEX Charge Cards.  They have no pre-set limit, but don't confuse that with "unlimited". 

There's a soft limit which they adjust periodically based on your spend/payment patterns.
Title: Re: Amex Financial Review
Post by: TC610 on December 20, 2011, 04:42:22 PM
There's a link online to check spending ability, you can put in an amount and they tell you if it's approved. I wouldn't play around with it too much though, it might call unwanted attention to your account.

There's a soft limit which they adjust periodically based on your spend/payment patterns.

Correct, which is why I said "don't confuse that with unlimited'" :)
Title: Re: Amex Financial Review
Post by: dans fan on December 20, 2011, 08:02:40 PM
My wife and myself got both FR'd, my wife didn't survive, and I survived thru the same income, same cards, and got FR'd the same time. etc.
So, my suggestion is to completely work separately, because you have better chances going this thru.
i disagree dont know how you got to that conclusion i would say it depends
Title: Re: Amex Financial Review
Post by: Side incomer on December 20, 2011, 08:20:34 PM
i disagree dont know how you got to that conclusion i would say it depends
Don't see any reason to work together. If one of them has a nasty account manager, why should the other-one suffer.
Could you explain what benefit you can get from working together.
Title: Re: Amex Financial Review
Post by: dans fan on December 20, 2011, 08:42:01 PM
if you dont end up with a nasty one they will need a solid explanation why the other doesnt pass and wont get away with "it doesnt meet our standards"
Title: Re: Amex Financial Review
Post by: Side incomer on December 20, 2011, 08:47:31 PM
if you dont end up with a nasty one they will need a solid explanation why the other doesnt pass and wont get away with "it doesnt meet our standards"
But that's what I pointed out, you have nothing to lose by working separately, I didn't say it's guaranteed, but definitely better changes to survive, at least one. At least, based on my experience.
I still didn't get an explanation from you, what you "benefit" from working together. You just explained why you wouldn't benefit for sure not working together.
Title: Re: Amex Financial Review
Post by: ZCN on December 20, 2011, 09:18:29 PM
Just got a call from AMEX for FR after doing a 3BM.

I've gone though most of the pages in this thread and have a question I haven't seen addressed.

 I barely had any legal income (under 5k on the books ) last year when I filed. Since then I have some decent income, but still short of what I told AMEX I make a year. Problem is, the guy at AMEX I spoke to told me they are only interested in my tax returns, and it won't help to send in other docs like bank statements etc. Does anybody have any experience with a small amount of income earned with a FR?
 And should I send in the bank docs anyway?
Title: Re: Amex Financial Review
Post by: AJK on December 21, 2011, 12:02:29 AM
Just got a call from AMEX for FR after doing a 3BM.

I've gone though most of the pages in this thread and have a question I haven't seen addressed.

 I barely had any legal income (under 5k on the books ) last year when I filed. Since then I have some decent income, but still short of what I told AMEX I make a year. Problem is, the guy at AMEX I spoke to told me they are only interested in my tax returns, and it won't help to send in other docs like bank statements etc. Does anybody have any experience with a small amount of income earned with a FR?
 And should I send in the bank docs anyway?

This seems to (at least partially) answer your question:

...My 2010 income is 20% stated income BC I only worked oct-dec. I can show pay stubbs for 2011 showing significant increase. Do I call Amex prior to sending in 4506T? And do I also explain other assets?
Thx!

Yes and yes.

Title: Re: Amex Financial Review
Post by: josh nyc on December 21, 2011, 02:33:23 AM
Just got a call from AMEX for FR after doing a 3BM.

I've gone though most of the pages in this thread and have a question I haven't seen addressed.

 I barely had any legal income (under 5k on the books ) last year when I filed. Since then I have some decent income, but still short of what I told AMEX I make a year. Problem is, the guy at AMEX I spoke to told me they are only interested in my tax returns, and it won't help to send in other docs like bank statements etc. Does anybody have any experience with a small amount of income earned with a FR?
 And should I send in the bank docs anyway?

Your rep has zero authority to agree to accept bank statements, it MUST go through a supervisor. There is a supervisor named Drew who seems to be pretty helpful - ask for supervisor drew and plead your case - explain your tax return does not reflect your current state of income etc.

I dont know how I will do on my FR but at least they were willing to accept my statements. GOOD LUCK!
Title: Re: Amex Financial Review
Post by: AsherO on December 21, 2011, 02:42:04 AM
Just got a call from AMEX for FR after doing a 3BM.

I've gone though most of the pages in this thread and have a question I haven't seen addressed.

 I barely had any legal income (under 5k on the books ) last year when I filed. Since then I have some decent income, but still short of what I told AMEX I make a year. Problem is, the guy at AMEX I spoke to told me they are only interested in my tax returns, and it won't help to send in other docs like bank statements etc. Does anybody have any experience with a small amount of income earned with a FR?
 And should I send in the bank docs anyway?

If you're able to file your 2011 taxes on 1/1/2012 they might go (as in, agree to wait) for that...

(though it'd probably take a few weeks until the IRS processed your return)
Title: Re: Amex Financial Review
Post by: dans fan on December 21, 2011, 09:24:09 AM
But that's what I pointed out, you have nothing to lose by working separately, I didn't say it's guaranteed, but definitely better changes to survive, at least one. At least, based on my experience.
I still didn't get an explanation from you, what you "benefit" from working together. You just explained why you wouldn't benefit for sure not working together.
should i rewrite what i wrote or do you want to reread  what i wrote
Title: Re: Amex Financial Review
Post by: Side incomer on December 21, 2011, 09:35:12 AM
should i rewrite what i wrote or do you want to reread  what i wrote
Let's put it this way:
A person gets FR'd together with his wife, he has now 2 options:
1. tell his / her manager that the info was sent in already for my spouse, and take it from there. that means that if only 1 of the managers are tough cookies, both will end up with closed cards. 100% sure. do you disagree with this part?
2. send his income to his manager, she should send her income to her manager. there are chances that: 1. both will survive. 2. s/o will have a kind manager, the o/w a nasty manager. and they won't be notified of each other (which was exactly my case). 3. that they will be notified and they will ask for an explanation like you pointed out.
So because of such a chance, you are telling people to do option 1, and be 100% in trouble? I really don't get it.
Title: Re: Amex Financial Review
Post by: AsherO on December 22, 2011, 06:37:35 PM
So, I'm under F/R and my reviewer is on vacation, so I called and picked the brain of another F/R rep who told me as follows:

Amex has my personal tax info (2010), but there's no schedule C for my business. If they cannot verify my business they'll sever the entire relationship (meaning both my consumer and business cards). She did ask if the business was new, saying that that might explain why there's no income listed. I don't have a schedule C in 2010, but I do have one in 2009 with very little business income. The way I see things, my options are as follows:

1. Tell them to pull my 2009 and see a schedule C was filed, but with low income (but I have no way to explain why there's no schedule C for 2010... I could try saying it's an error, but they won't buy that, will they?)

2. Tell them it's a business that only recently became mine, though I'll have a hard time proving that if they ask (the LLC has been in my name since it was formed in '07/08).

3. Try to get by with sending them paypal records showing some ~$20k income.

4. Close my business accounts and plead with them to let me keep my personal accounts.

Or some combination of the above? What do y'all think? Are there any other options I should consider?

Thanks for your advice.
Title: Re: Amex Financial Review
Post by: compddd on December 22, 2011, 06:51:13 PM
You got FRed too AsherO?
Title: Re: Amex Financial Review
Post by: AsherO on December 22, 2011, 06:56:40 PM
You got FRed too AsherO?

Yes, for the second time (last time was 2007 or so).
Title: Re: Amex Financial Review
Post by: PlatinumGuy on December 22, 2011, 07:04:38 PM
Maybe statements from the business bank acct can do something
Title: Re: Amex Financial Review
Post by: AsherO on December 22, 2011, 07:11:34 PM
Maybe statements from the business bank acct can do something

I don't have anything substantial in that department.
Title: Re: Amex Financial Review
Post by: compddd on December 22, 2011, 07:16:45 PM
What do you think you did to trigger it this time?
Title: Re: Amex Financial Review
Post by: AsherO on December 22, 2011, 07:19:07 PM
What do you think you did to trigger it this time?

Lets just say it's one of the usual suspects.
Title: Re: Amex Financial Review
Post by: elikay on December 22, 2011, 07:47:06 PM
Would filing a sched C for 2011 be an option?
Title: Re: Amex Financial Review
Post by: AsherO on December 22, 2011, 07:51:35 PM
Would filing a sched C for 2011 be an option?

For me, or for Amex?

I can probably report a schedule C with $20k business income in 2011 to Amex, but I'll either have to pay income tax on it, or report close to that amount in expenses which would be hard to prove in an audit. So I guess the answer is that even if that's an option, it isn't one I prefer.

Does that make sense to you?
Title: Re: Amex Financial Review
Post by: elikay on December 22, 2011, 07:59:39 PM
:'(
Title: Re: Amex Financial Review
Post by: candona on December 22, 2011, 08:03:29 PM
i had a fr on my wife and i (seperate representatives) i made up some story for my wife that didnt pass the smell test   so for me i said my i am a student and my parents support me they had me send my bank statements and let me go then i called back for my wife with the same story and they said  they only take the first story and her cards were closed
Title: Re: Amex Financial Review
Post by: AsherO on December 22, 2011, 08:10:10 PM
i had a fr on my wife and i (seperate representatives) i made up some story for my wife that didnt pass the smell test   so for me i said my i am a student and my parents support me they had me send my bank statements and let me go then i called back for my wife with the same story and they said  they only take the first story and her cards were closed

I guess there's a benefit to being reviewed separately when both spouses are F/R'd at the same time:

Quote from: Bereshis 32:9
והיה המחנה הנשאר לפליטה
Title: Re: Amex Financial Review
Post by: Side incomer on December 22, 2011, 08:21:28 PM
I guess there's a benefit to being reviewed separately when both spouses are F/R'd at the same time:
+1.
 Although Dans Fan didn't agree, we still have no explanation from him.
Title: Re: Amex Financial Review
Post by: HelpMe on December 22, 2011, 08:25:18 PM
There is always the nuclear option. Close all your accounts. Wait 6 to 8 months then apply again. I am only aware of one member that tried this and it did work.
Title: Re: Amex Financial Review
Post by: elikay on December 22, 2011, 08:31:55 PM
There is always the nuclear option. Close all your accounts. Wait 6 to 8 months then apply again. I am only aware of one member that tried this and it did work.
Well in AsherO's case I'm assuming that if he closes all the accounts and then only reapplies for personal in the future; even if the FR is still there he could prove personal income.
Title: Re: Amex Financial Review
Post by: HelpMe on December 22, 2011, 08:39:25 PM
Well in AsherO's case I'm assuming that if he closes all the accounts and then only reapplies for personal in the future; even if the FR is still there he could prove personal income.
The thinking for the nuclear option is not to have Amex close your accounts and risk being blacklisted for a certain amount of time.
Title: Re: Amex Financial Review
Post by: AsherO on December 22, 2011, 08:46:19 PM
There is always the nuclear option. Close all your accounts. Wait 6 to 8 months then apply again. I am only aware of one member that tried this and it did work.

It's not an option I'm considering at the moment, I want to exhaust my other avenues first. I had an understanding with the F/R rep that if they're shutting me down she'll give me a heads up so I can close the accounts.

Well in AsherO's case I'm assuming that if he closes all the accounts and then only reapplies for personal in the future; even if the FR is still there he could prove personal income.

I guess so, but I like my business accounts...
Title: Re: Amex Financial Review
Post by: Dan on December 22, 2011, 08:55:52 PM
So, I'm under F/R and my reviewer is on vacation, so I called and picked the brain of another F/R rep who told me as follows:

Amex has my personal tax info (2010), but there's no schedule C for my business. If they cannot verify my business they'll sever the entire relationship (meaning both my consumer and business cards). She did ask if the business was new, saying that that might explain why there's no income listed. I don't have a schedule C in 2010, but I do have one in 2009 with very little business income. The way I see things, my options are as follows:

1. Tell them to pull my 2009 and see a schedule C was filed, but with low income (but I have no way to explain why there's no schedule C for 2010... I could try saying it's an error, but they won't buy that, will they?)

2. Tell them it's a business that only recently became mine, though I'll have a hard time proving that if they ask (the LLC has been in my name since it was formed in '07/08).

3. Try to get by with sending them paypal records showing some ~$20k income.

4. Close my business accounts and plead with them to let me keep my personal accounts.

Or some combination of the above? What do y'all think? Are there any other options I should consider?

Thanks for your advice.
What do you think would happen if you filed an amended 2010 schedule C showing no profits?
Title: Re: Amex Financial Review
Post by: AsherO on December 22, 2011, 08:59:07 PM
What do you think would happen if you filed an amended 2010 schedule C showing no profits?

Hmmm, isn't that an audit risk, especially if I'm going to show decent ($10k+) income and an equal amount in expenses?
Title: Re: Amex Financial Review
Post by: elikay on December 22, 2011, 09:00:37 PM
What do you think would happen if you filed an amended 2010 schedule C showing no profits?
I'm assuming that he would have the same option for 2011, but he doesn't want to do no profit as then he would need to justify using the card by claimign expenses matching business income.
I see AsherO already posted :)
Title: Re: Amex Financial Review
Post by: Dan on December 22, 2011, 09:05:26 PM
Hmmm, isn't that an audit risk, especially if I'm going to show decent ($10k+) income and an equal amount in expenses?
Talk to a tax person I guess.
Title: Re: Amex Financial Review
Post by: AsherO on December 22, 2011, 09:05:41 PM
I'm assuming that he would have the same option for 2011, but he doesn't want to do no profit as then he would need to justify using the card by claimign expenses matching business income.

Exactly.

I'm in a bit of a pickle, how would you proceed?
Title: Re: Amex Financial Review
Post by: Blazer on December 22, 2011, 09:57:19 PM
Hmmm, isn't that an audit risk, especially if I'm going to show decent ($10k+) income and an equal amount in expenses?
Talk to a tax person I guess.
I don't think if you file a first year Sch C 9for that matter even a 2nd year Sch c with no net income (Income=Expenses) will trigger an audit, It's common for people not to make any income the first few years of the business, but if you go like this for a few years your going to have a problem, the only problem, if on the 1% chance you do get an audit you are a little stuck.
Title: Re: Amex Financial Review
Post by: elikay on December 23, 2011, 01:11:07 AM
Exactly.

I'm in a bit of a pickle, how would you proceed?

Is there any way to claim that your super creative accountant has worked this out for you. That you don't need to file a schedule C, as you are somehow carrying the expenses forward blah blah (just make it sound like this makes total sense)?
Title: Re: Amex Financial Review
Post by: AsherO on December 23, 2011, 01:12:26 AM
Is there any way to claim that your super creative accountant has worked this out for you. That you don't need to file a schedule C, as you are somehow carrying the expenses forward blah blah (just make it sound like this makes total sense)?

I can try. I wonder if claiming it's a new business will sound more plausible, or maybe both arguments together with some business income via paypal...
Title: Re: Amex Financial Review
Post by: SPLP on December 23, 2011, 02:57:09 AM
I can try. I wonder if claiming it's a new business will sound more plausible, or maybe both arguments together with some business income via paypal...

Make sure u know what u put on your biz applications b4 u say or do anything 

IMO i think file an amended return , even if show no net income u still have a business that has expenses and i think that is most important when combined with paying ur c.c. on time --

or maybe say biz was dormant for 2010 ( since u have a sked from 2009 ) and that in 2012 will have income since sold in 2011 and will be paid in 2012

i do not think irs will even look at a sked like u have and not to worry about them -- just my thoughts --GOOD LUK
Title: Re: Amex Financial Review
Post by: josh nyc on December 24, 2011, 09:14:37 PM
On fri at 4pm I get a call from my F/R rep that they received my bank statements but not my 4506T. I explained to her its all in the same fax, she places me on hold and then says okay I see it here and have it - the F/R should be completed by Tuesday or Wednesday.

This morning at 930am Amex sends me emails giving me limits on all my charge cards (5k on Plat and 3k on my two golds) and slashed my biz card to 1G (really amex - 1G?!). My credit balances were spared (5K on 2 SPGs and 4K on DL Gold). I'll take it bc I know that the limits are eventually lifted and thankfully that's enough credit for me for now (all my biz charges will have to be run through VISA for now). But my cards are still not reactivated/restored. What to make of this?

And the wife has not heard anything yet....
Title: Re: Amex Financial Review
Post by: dans fan on December 25, 2011, 08:14:55 AM
call, st it takes a day or two and st they put you through a security thing after a fry
Title: Re: Amex Financial Review
Post by: AJK on December 26, 2011, 12:37:53 AM
I'll take it bc I know that the limits are eventually lifted and thankfully that's enough credit for me for now (all my biz charges will have to be run through VISA for now). But my cards are still not reactivated/restored. What to make of this?

Where'd you hear that? Any idea how long after the limits are imposed?
Title: Re: Amex Financial Review
Post by: dans fan on December 26, 2011, 01:05:55 PM
Where'd you hear that?
yaish veyaish
Title: Re: Amex Financial Review
Post by: ZCN on December 26, 2011, 11:34:53 PM
Just got a call from AMEX for FR after doing a 3BM.

I've gone though most of the pages in this thread and have a question I haven't seen addressed.

 I barely had any legal income (under 5k on the books ) last year when I filed. Since then I have some decent income, but still short of what I told AMEX I make a year. Problem is, the guy at AMEX I spoke to told me they are only interested in my tax returns, and it won't help to send in other docs like bank statements etc. Does anybody have any experience with a small amount of income earned with a FR?
 And should I send in the bank docs anyway?


Quick update, along with some confusing and possibily new info.

   I finally got to speak to a supervisor today about sending in bank docs as supprting docs. She told me that they will not accecpt anything else besides the IRS form ( and yes, I was speaking with a supervisor).

 When I told her about my situation she said that no matter what income they see from my 2010 taxes they will NOT close any of my accounts (currently have 4 ). She said the whole purpose of the FR is to determine reasonable credit limits for each account holder.
 She even said something to the effect that they don't have the ability to close accounts based on income, all they can do is readjust credit limits.

  For me, what she's saying makes some sense, but I'm still a little nervous. The last thing I need right now is AMEX to shut down 4 accounts with the resulting plunge in our credit score.

 What do you guys think about what she said? Makes sense, or BS?
 
Title: Re: Amex Financial Review
Post by: elikay on December 26, 2011, 11:50:17 PM

Quick update, along with some confusing and possibily new info.

   I finally got to speak to a supervisor today about sending in bank docs as supprting docs. She told me that they will not accecpt anything else besides the IRS form ( and yes, I was speaking with a supervisor).

 When I told her about my situation she said that no matter what income they see from my 2010 taxes they will NOT close any of my accounts (currently have 4 ). She said the whole purpose of the FR is to determine reasonable credit limits for each account holder.
 She even said something to the effect that they don't have the ability to close accounts based on income, all they can do is readjust credit limits.

  For me, what she's saying makes some sense, but I'm still a little nervous. The last thing I need right now is AMEX to shut down 4 accounts with the resulting plunge in our credit score.

 What do you guys think about what she said? Makes sense, or BS?
 
As stated in this thread, as long as the income justifies some credit they will keep the accounts open. They definitely can and do close accounts if A. close to no verifiable income is shown B. they consider you to be a liability as you have not kept to their rules (business accounts for businesses etc)
Title: Re: Amex Financial Review
Post by: ZCN on December 27, 2011, 12:01:20 AM
Quote
As stated in this thread, as long as the income justifies some credit they will keep the accounts open. They definitely can and do close accounts if A. close to no verifiable income is shown B. they consider you to be a liability as you have not kept to their rules (business accounts for businesses etc) 


   Well based on what your saying I'm not sure if I should believe her. She told me clearly they will not close my accounts even if I have very low income. Not sure if they do close my accounts if I can challenger her to overrule the decision.....

Also confused about the bank docs issue. She told me AMEX hasn't accepted them for a while, but there's been posts in this thread pretty recently saying some manager's ARE accepting  them...
Title: Re: Amex Financial Review
Post by: AJK on December 27, 2011, 01:15:52 AM

   Well based on what your saying I'm not sure if I should believe her. She told me clearly they will not close my accounts even if I have very low income. Not sure if they do close my accounts if I can challenger her to overrule the decision.....

Also confused about the bank docs issue. She told me AMEX hasn't accepted them for a while, but there's been posts in this thread pretty recently saying some manager's ARE accepting  them...

They will accept them if there is no tax information for one reason or another.
Title: Re: Amex Financial Review
Post by: AsherO on December 27, 2011, 12:18:07 PM
They will accept them if there is no tax information for one reason or another.

Not i my case...

 :'( :'( :'(

My F/R rep advised me that all my accounts (consumer and biz) are going to be closed because I don't have a biz return for 2010. At the last moment she agreed to let me plead my case with a supervisor, so at least I had a chance to call CS and close my cards  :'(

I closed six of my cards, and left the last one open hoping to plead with the supervisor to at least let me keep that one, anyone think I should close the last one as well? (since I was pretty much told they are shutting me down, and if they close the accounts it'll be reported as "closed by issuer")
Title: Re: Amex Financial Review
Post by: Dan on December 27, 2011, 12:20:04 PM
Stinks...
What happened to my idea of filing an amended 2010 with a Schedule C?
Title: Re: Amex Financial Review
Post by: AsherO on December 27, 2011, 12:21:42 PM
Stinks...
What happened to my idea of filing an amended 2010 with a Schedule C?

She says it'll take 6-8 weeks for the IRS to release it to them, and Amex isn't willing to wait. Should've filed with minimal income, and would probably survive the FR with slashed credit lines.

She did say my triggers were too much spending on a new card, which let them to notice 5 new cards this year, which let them to notice my extensive credit with other issuers, which led them to decide to end the relationship :(

The only hopeful thing she said is that I can apply again at any point and I'll be treated like a new applicant, though I'm not even sure that's true.
Title: Re: Amex Financial Review
Post by: Dan on December 27, 2011, 12:24:37 PM
If you don't mind sharing, how much was your spending and util %?

And when do you plan on trying to open another AMEX :)
Title: Re: Amex Financial Review
Post by: AsherO on December 27, 2011, 12:41:54 PM
I closed six of my cards, and left the last one open hoping to plead with the supervisor to at least let me keep that one, anyone think I should close the last one as well? (since I was pretty much told they are shutting me down, and if they close the accounts it'll be reported as "closed by issuer")

Update: I just got an email, they closed the 7th card without even calling me :(



If you don't mind sharing, how much was your spending and util %?

And when do you plan on trying to open another AMEX :)

Spent 15k on a new charge card, overall CL with Amex (according to the F/R rep) was >90k.

Even if I apply again, it'll be to screw them for what they're  worth, after they punish me like this for 8 years  (probably a good $250k) of paying all my bills on time.
Title: Re: Amex Financial Review
Post by: steve L on December 27, 2011, 12:45:32 PM
wow. its crazy how things have changed
Title: Re: Amex Financial Review
Post by: compddd on December 27, 2011, 01:18:20 PM
Seems Amex doesn't care about it's customers anymore. They just let their robots and algorithms do all deciding for them.
Title: Re: Amex Financial Review
Post by: ZCN on December 27, 2011, 01:19:32 PM
They will accept them if there is no tax information for one reason or another.


Yeah, but I do have tax info, just very little,  under 5k in 2010.
Title: Re: Re: Amex Financial Review
Post by: creditor on December 27, 2011, 01:20:24 PM

Quick update, along with some confusing and possibily new info.

   I finally got to speak to a supervisor today about sending in bank docs as supprting docs. She told me that they will not accecpt anything else besides the IRS form ( and yes, I was speaking with a supervisor).

 When I told her about my situation she said that no matter what income they see from my 2010 taxes they will NOT close any of my accounts (currently have 4 ). She said the whole purpose of the FR is to determine reasonable credit limits for each account holder.
 She even said something to the effect that they don't have the ability to close accounts based on income, all they can do is readjust credit limits.

  For me, what she's saying makes some sense, but I'm still a little nervous. The last thing I need right now is AMEX to shut down 4 accounts with the resulting plunge in our credit score.

 What do you guys think about what she said? Makes sense, or BS?
be very careful, would be a good idea to double check with a lawyer , if claiming false income, isn't a legal problem, since uv probably stated on the application more income then the irs/bank documents show that you do (we have a famous fellow in Iowa that is behind bars because of that
) not intended to frighten you just make sure
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Title: Re: Amex Financial Review
Post by: AsherO on December 27, 2011, 01:22:25 PM
Seems Amex doesn't care about it's customers anymore. They just let their robots and algorithms do all deciding for them.

Yup, she did say some telling things, like "we do this to hundreds and hundreds of customers a week", which in the scheme of things for Amex, isn't even that much. She also told me that if I had just kept my one old account and not opened 5 new ones, I'd probably fly under the radar (she used those words).

be very careful, would be a good idea to double check with a lawyer , if claiming false income, isn't a legal problem, since uv probably stated on the application more income then the irs/bank documents show that you do (we have a famous fellow in Iowa that is behind bars because of that
) not intended to frighten you just make sure
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Amex won't give you legal problems, they'll just shut you down if they don't like the story you've told them.
Title: Re: Amex Financial Review
Post by: ZCN on December 27, 2011, 01:23:48 PM
Not i my case...

 :'( :'( :'(

My F/R rep advised me that all my accounts (consumer and biz) are going to be closed because I don't have a biz return for 2010. At the last moment she agreed to let me plead my case with a supervisor, so at least I had a chance to call CS and close my cards  :'(

I closed six of my cards, and left the last one open hoping to plead with the supervisor to at least let me keep that one, anyone think I should close the last one as well? (since I was pretty much told they are shutting me down, and if they close the accounts it'll be reported as "closed by issuer")


How did you get the rep to tell you they intend to close your accounts before they actually did so?
Title: Re: Amex Financial Review
Post by: AsherO on December 27, 2011, 01:24:35 PM

How did you get the rep to tell you they intend to close your accounts before they actually did so?

Same way you got your rep to tell you they won't close your accounts if you show even a little bit of income.
Title: Re: Amex Financial Review
Post by: ZCN on December 27, 2011, 01:26:20 PM
Not i my case...

 :'( :'( :'(

My F/R rep advised me that all my accounts (consumer and biz) are going to be closed because I don't have a biz return for 2010. At the last moment she agreed to let me plead my case with a supervisor, so at least I had a chance to call CS and close my cards  :'(

I closed six of my cards, and left the last one open hoping to plead with the supervisor to at least let me keep that one, anyone think I should close the last one as well? (since I was pretty much told they are shutting me down, and if they close the accounts it'll be reported as "closed by issuer")


Did they tell you why they were shutting down the personal accounts as well?
Title: Re: Amex Financial Review
Post by: AsherO on December 27, 2011, 01:28:27 PM
Did they tell you why they were shutting down the personal accounts as well?

It's all or nothing, she said. I tried pleading with her to leave me with one card and a slashed credit line, no go.
Title: Re: Re: Amex Financial Review
Post by: creditor on December 27, 2011, 01:31:27 PM


Amex won't give you legal problems, they'll just shut you down if they don't like the story you've told them.
thats not called being sure, besides IM talking when they dint shut the acct, just leaving it open and still they might consider reporting sucha issue, amex is a lender the same way a bank lends, giving a lender false info thus getting more credit, could be a problem
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Title: Re: Re: Amex Financial Review
Post by: ZCN on December 27, 2011, 01:35:06 PM
thats not called being sure, besides IM talking when they dint shut the acct, just leaving it open and still they might consider reporting sucha issue, amex is a lender the same way a bank lends, giving a lender false info thus getting more credit, could be a problem
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You may be correct in general, in my case though I'm not worried. I have proof of most of the income I claimed to AMEX we make. The problem is it's not on my tax return (didn't have to report that income) so AMEX doesn't see it....
Title: Re: Amex Financial Review
Post by: AsherO on December 27, 2011, 01:36:23 PM
thats not called being sure, besides IM talking when they dint shut the acct, just leaving it open and still they might consider reporting sucha issue, amex is a lender the same way a bank lends, giving a lender false info thus getting more credit, could be a problem
Sent from my SGH-T959 using Tapatalk

I don't agree, Amex isn't in that business, especially if you don't admit you lied, you just say you were claiming X as income, just that it isn't on your IRS documents.
Title: Re: Amex Financial Review
Post by: ZCN on December 27, 2011, 01:39:37 PM
It's all or nothing, she said. I tried pleading with her to leave me with one card and a slashed credit line, no go.


 This is what's so confusing for me. If I have your rep/manager I'll most likely get shut down, but my account manager told me I'll be ok. It's the differences of what we are told is going to happen that's driving me crazy. Seems like every one at AMEX has a different way of doing things.
Title: Re: Amex Financial Review
Post by: AsherO on December 27, 2011, 01:40:34 PM

 This is what's so confusing for me. If I have your rep/manager I'll most likely get shut down, but my account manager told me I'll be ok. It's the differences of what we are told is going to happen that's driving me crazy. Seems like every one at AMEX has a different way of doing things.

But you don't have a business that isn't on your 2010 return, I do.
Title: Re: Amex Financial Review
Post by: ZCN on December 27, 2011, 01:44:54 PM
But you don't have a business that isn't on your 2010 return, I do.


True, but what connection is there between your biz and consumer accts? The fact they shut down both seems to me to be over the top. And if they act over the top with you, they can act that way towards me or anyone else.
Title: Re: Amex Financial Review
Post by: AsherO on December 27, 2011, 01:59:13 PM
True, but what connection is there between your biz and consumer accts? The fact they shut down both seems to me to be over the top. And if they act over the top with you, they can act that way towards me or anyone else.

They told me it's all or nothing, if they have reason to shut down the biz accounts, personal accounts gotta go as well.
Title: Re: Amex Financial Review
Post by: AJK on December 27, 2011, 02:03:40 PM
The only hopeful thing she said is that I can apply again at any point and I'll be treated like a new applicant, though I'm not even sure that's true.

I'm sorry you had such a bad experience. But I'm pretty sure the above-bolded statement is baloney. I think they're required by law to tell you that. Or something like that.

Seems Amex doesn't care about it's customers anymore. They just let their robots and algorithms do all deciding for them.

These F/R guys are not the AmEX you've come to know and love. Totally different department who do not care about your business. This is the business risk assessment division. If it doesn't compute for them, its bye-bye time.


Yeah, but I do have tax info, just very little,  under 5k in 2010.

Then they may not accept bank statement in lieu of the 4506.
Title: Re: Amex Financial Review
Post by: compddd on December 27, 2011, 02:05:25 PM
What mix of cards did you have? All Plats and golds, or some CCs in there too like SPG?
Title: Re: Amex Financial Review
Post by: AsherO on December 27, 2011, 02:07:47 PM
I'm sorry you had such a bad experience. But I'm pretty sure the above-bolded statement is baloney. I think they're required by law to tell you that. Or something like that.

Maybe, maybe not. People have successfully been approved again after an F/R (6-12 months later). I'd prefer F/R over the (recently more prevalent) Chase blacklist.

Then they may not accept bank statement in lieu of the 4506.

In my case they told me they won't accept anything besides for 2010 IRS docs.

What mix of cards did you have? All Plats and golds, or some CCs in there too like SPG?

Consumer: 2 plats, 1 gold, 1 SPG. Biz: 1 gold, 2 SPG.
Title: Re: Amex Financial Review
Post by: AJK on December 27, 2011, 02:11:01 PM
Maybe, maybe not. People have successfully been approved again after an F/R (6-12 months later). I'd prefer F/R over the (recently more prevalent) Chase blacklist.

I'm not saying people won't be approved post-apocalypse. I'm just saying they likely won't be treated as "any other new applicant."

and +1 to the Chase AA -- brother just bit it on that count.

In my case they told me they won't accept anything besides for 2010 IRS docs.

What if you hadn't filed taxes for some reason or another? You'd just be auto-shutdown?

By the way, can you confirm what you did with you MR? And if you left them in the account, how long do you have to use them before you lose them (if any time)?
Title: Re: Amex Financial Review
Post by: AsherO on December 27, 2011, 02:20:53 PM
I'm not saying people won't be approved post-apocalypse. I'm just saying they likely won't be treated as "any other new applicant."

and +1 to the Chase AA -- brother just bit it on that count.

She actually told me I can request my accounts to be reopened at any time, and the system will (algorithmically?) decide on the spot if my request should be approved or not. She did say it'll require a credit pull.

Sorry to hear about your bro, my condolences.

What if you hadn't filed taxes for some reason or another? You'd just be auto-shutdown?

In my case, yes (based on what she told me).

By the way, can you confirm what you did with you MR? And if you left them in the account, how long do you have to use them before you lose them (if any time)?

I transferred my FR to AC, actually transferred more than I had. After my spend points post (they better), I'll have a 9k deficit with Amex, which I'll have to settle.
Title: Re: Amex Financial Review
Post by: AJK on December 27, 2011, 03:07:20 PM
She actually told me I can request my accounts to be reopened at any time, and the system will (algorithmically?) decide on the spot if my request should be approved or not. She did say it'll require a credit pull.

Oh, now that's interesting. She said you could apply to reopen your old accounts? Not just have to apply for new cards?

How would you do that? Call the F/R dept? Did she say how long you'd have to wait?

In my case, yes (based on what she told me).

Also interesting. I've read reports and also know people who were allowed to send in bank statements because of issues with their returns, i.e. hadn't been filed yet.

I transferred my FR to AC, actually transferred more than I had. After my spend points post (they better), I'll have a 9k deficit with Amex, which I'll have to settle.

Any reason you didn't wait? I mean, I understand there was a risk of being closed down, but based on the reports, you'd likely be able to use post-apocalypse.
Title: Re: Amex Financial Review
Post by: AJK on December 27, 2011, 03:11:02 PM
Speaking of which... I think it was SideIncomer who said he'd be able to post a scan of the document showing that it is 90 days after account closure that you're able to redeem your points.
Title: Re: Amex Financial Review
Post by: AsherO on December 27, 2011, 03:15:46 PM
Oh, now that's interesting. She said you could apply to reopen your old accounts? Not just have to apply for new cards?

How would you do that? Call the F/R dept? Did she say how long you'd have to wait?

Also interesting. I've read reports and also know people who were allowed to send in bank statements because of issues with their returns, i.e. hadn't been filed yet.

Any reason you didn't wait? I mean, I understand there was a risk of being closed down, but based on the reports, you'd likely be able to use post-apocalypse.

So many questions :P

1. She said I could ask to reopen or apply again whenever I'd like. They can't stop me and would use the info on my credit report to approve/decline me (in both cases).
2. In my case (possibly based on what I told them when they first called me), they wanted to see it on my 2010 tax returns. Maybe if I was completely honest and told them when they first called me that I had no docs for my biz in 2010, things would be better.
3. I elected to sell 100k MR when I had a buyer, even though I had a little less than that in my MR acct.
Title: Re: Amex Financial Review
Post by: Side incomer on December 27, 2011, 03:17:47 PM
Speaking of which... I think it was SideIncomer who said he'd be able to post a scan of the document showing that it is 90 days after account closure that you're able to redeem your points.
Yes. it was me. I had a very hard time to erase my name on the document, as I'm very bad in adobe reader, so I didn't post it so far. if someone could tell me how you can block paragrphs on adobe reader, I'll attach it for people to view.
Title: Re: Amex Financial Review
Post by: AJK on December 27, 2011, 03:18:51 PM
@AsherO

Sorry for the barrage - just a few tidbits in there that I hadn't before heard.

(Still not sure who one would call to have an account--which was closed thru F/R--reopened. I guess you'd just call F/R...?)

...so how long before you apply again? :P

Yes. it was me. I had a very hard time to erase my name on the document, as I'm very bad in adobe reader, so I didn't post it so far. if someone could tell me how you can block paragrphs on adobe reader, I'll attach it for people to view.

What about converting it into a picture, and blocking it out that way?
Title: Re: Amex Financial Review
Post by: AsherO on December 27, 2011, 03:22:21 PM
@AsherO

Sorry for the barrage - just a few tidbits in there that I hadn't before heard.

(Still not sure who one would call to have an account--which was closed thru F/R--reopened. I guess you'd just call F/R...?)

...so how long before you apply again? :P

I'd probably call CS, less changes of them asking for 4506T for 2011. If I had one active card (lake after my previous FR on '07), I'd be quicker to apply again. I guess I'll wait a few months and see how I feel then (now the wounds are still sore), it also depends what's being offered (i.e. I'd be much more eager if a 100k offer came my way).

What about converting it into a picture, and blocking it out that way?

+1
Title: Re: Amex Financial Review
Post by: Dan on December 27, 2011, 03:23:52 PM
Just use paint and select and delete any part you want.
Title: Re: Amex Financial Review
Post by: AJK on December 27, 2011, 03:27:55 PM
Just use paint and select and delete any part you want.

Paint can't open PDF's AFAIK...

I think you'd need to convert it first.
Title: Re: Amex Financial Review
Post by: Dan on December 27, 2011, 03:29:30 PM
Paint can't open PDF's AFAIK...

I think you'd need to convert it first.
Screenshot of PDF, open in Paint.
Title: Re: Amex Financial Review
Post by: AJK on December 27, 2011, 03:34:24 PM
That'd work :P
Title: Re: Amex Financial Review
Post by: Side incomer on December 27, 2011, 03:40:42 PM
Just use paint and select and delete any part you want.
Thanks for the advice. done.
Title: Re: Amex Financial Review
Post by: BAHayman on December 27, 2011, 03:42:14 PM
Just as an FYI, if you want to copy the whole document and can't display it all at once on the screen for a screenshot, you should be able to:
Title: Re: Amex Financial Review
Post by: AJK on December 27, 2011, 03:43:18 PM
Thanks for the advice. done.

Thanks!

Just as an FYI, if you want to copy the whole document and can't display it all at once on the screen for a screenshot, you should be able to:
  • Open in Adobe Reader
  • Click Edit->Copy File to Clipboard
  • Open Microsoft Paint
  • Press Ctrl+V (or Paste)

+1
Title: Re: Amex Financial Review
Post by: Nitantnel on December 27, 2011, 03:55:51 PM
Asher, I didn't know you went through this, my condolences...
Title: Re: Amex Financial Review
Post by: AsherO on December 27, 2011, 03:58:56 PM
Asher, I didn't know you went through this, my condolences...

Thank you.
Title: Re: Amex Financial Review
Post by: compddd on December 27, 2011, 04:04:41 PM
I hope you're able to make Amex pay dearly for what they've done to you!
Title: Re: Amex Financial Review
Post by: AsherO on December 27, 2011, 04:08:22 PM
I hope you're able to make Amex pay dearly for what they've done to you!

I've churned quite a bit, I'd say we've had a mutually beneficial relationship which I hope to resume in the future. It's very upsetting, but at the end of the day they are entitled to do what they've done and all I can hope is to be back in the game with them soon.
Title: Re: Amex Financial Review
Post by: HelpMe on December 27, 2011, 04:13:28 PM
AsherO - I hope I am wrong this time but IMHO you are SOL for some time with Amex. I should have pushed harder for you to use the nuclear option but with are recent back and forth I did not think it was a good idea.

Please donít take this the wrong way. I am amazed with the number of members on this forum that there is an extremely high number of FRís. Anyone have a guess what is going on?
Title: Re: Amex Financial Review
Post by: SPLP on December 27, 2011, 04:14:05 PM
I've churned quite a bit, I'd say we've had a mutually beneficial relationship which I hope to resume in the future. It's very upsetting, but at the end of the day they are entitled to do what they've done and all I can hope is to be back in the game with them soon.

GREAT attitude and thanks for replying to all the questions
Title: Re: Amex Financial Review
Post by: SPLP on December 27, 2011, 04:17:19 PM
AsherO - I hope I am wrong this time but IMHO you are SOL for some time with Amex. I should have pushed harder for you to use the nuclear option but with are recent back and forth I did not think it was a good idea.

Please donít take this the wrong way. I am amazed with the number of members on this forum that there is an extremely high number of FRís. Anyone have a guess what is going on?

what is the "nuclear option"?
Title: Re: Amex Financial Review
Post by: AsherO on December 27, 2011, 04:19:05 PM
AsherO - I hope I am wrong this time but IMHO you are SOL for some time with Amex. I should have pushed harder for you to use the nuclear option but with are recent back and forth I did not think it was a good idea.

Our?

What is the nuclear option?

Please donít take this the wrong way. I am amazed with the number of members on this forum that there is an extremely high number of FRís. Anyone have a guess what is going on?

I think we're just higher risk than average, and we're more keen on discussion our experiences. Factoring those, I don't think the FR ratio is disproportionate on DDF.

GREAT attitude and thanks for replying to all the questions

Thank you, I'm still in denial... ;)

Seriously though, the least I could do is try and help other people avoid my experiences (either by avoiding F/R, or by avoiding shut down).
Title: Re: Amex Financial Review
Post by: HelpMe on December 27, 2011, 04:28:13 PM
What is the nuclear option?
Close ALL your cards before they do. This has worked for a member I know. Was able to get new cards 6-8 months later.
Title: Re: Amex Financial Review
Post by: AsherO on December 27, 2011, 04:50:41 PM
Close ALL your cards before they do. This has worked for a member I know. Was able to get new cards 6-8 months later.

I dumbly left one card open, which they closed within 20 minutes after I closed my cards. When I called to close, the CSR tried transferring me there, but I insisted that I want to close my cards without being transferred, she said she'd do a manual override.
Title: Re: Re: Amex Financial Review
Post by: creditor on December 27, 2011, 06:58:32 PM
I don't agree, Amex isn't in that business, especially if you don't admit you lied, you just say you were claiming X as income, just that it isn't on your IRS documents.

You may be correct in general, in my case though I'm not worried. I have proof of most of the income I claimed to AMEX we make. The problem is it's not on my tax return (didn't have to report that income) so AMEX doesn't see it....
hope your right, but that makes the question even stronger, why in the world isn't it enough for them, proofing income, why are they so stubborn on the irs/tax doc?

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Sent from my SGH-T959 using Tapatalk
Title: Re: Amex Financial Review
Post by: Mocha on December 27, 2011, 07:50:32 PM
Is calling to update the income a big no no?
Title: Re: Amex Financial Review
Post by: AJK on December 27, 2011, 09:43:08 PM
Is calling to update the income a big no no?

I wouldn't. I'd just try and continue flying under the radar.

Updating (and thereby alerting) them is riskier than the possible benefit of surviving a future F/R, IMHO.
Title: Re: Re: Amex Financial Review
Post by: ZCN on December 27, 2011, 10:40:26 PM
hope your right, but that makes the question even stronger, why in the world isn't it enough for them, proofing income, why are they so stubborn on the irs/tax doc?

Sent from my SGH-T959 using Tapatalk

Sent from my SGH-T959 using Tapatalk


Supervisor I spoke to told me they had ppl changing info on the bank statements and then sending them in :D so they only trust the IRS stuff.
Title: Re: Amex Financial Review
Post by: AsherO on December 27, 2011, 10:51:05 PM
I wouldn't. I'd just try and continue flying under the radar.

Updating (and thereby alerting) them is riskier than the possible benefit of surviving a future F/R, IMHO.

I agree. When they call for F/R they again ask those questions.
Title: Re: Amex Financial Review
Post by: josh nyc on December 28, 2011, 09:55:46 AM
So it's over for me (mrs still pending). I guess this is considered a good result, but it is def upsetting. Went from plat and 2 golds "unlimited" to total between the 3 cards of 12K. Also had 3 charge cards, total 14K that is now 4K (1, 1, & 2) and a biz card that went from 5 to 1. Its not the cuts that bother me as much as how much was actually cut (the 1K lines). I havent seen CL like that since I got my first cards in highschool. I'll need to prepay every month if I rly want to use them. They did tell me they will re-evaluate in 6months. Should I use and continually prepay? use and max and then pay? anyone have any suggestions? thx

Oh and thank you F/R rep for not even bothering to call me and tell me its over. I called last night and CS said, well looks like you've been re-activated since this afternoon!

I agree. When they call for F/R they again ask those questions.
+1: The first question my F/R rep asked, before even telling me there was a freeze, was to re-verify my income.

Title: Re: Amex Financial Review
Post by: elikay on December 28, 2011, 09:57:34 AM
I would not recommend prepaying, the FR guys don't like that.
Title: Re: Amex Financial Review
Post by: AsherO on December 28, 2011, 09:58:39 AM
So it's over for me (mrs still pending). I guess this is considered a good result, but it is def upsetting. Went from plat and 2 golds nullunlimitednull to total between the 3 cards of 12K. Also had 3 charge cards, total 14K that is now 4K (1, 1, null 2) and a biz card that went from 5 to 1. Its not the cuts that bother me as much as how much was actually cut (the 1K lines). I havent seen CL like that since I got my first cards in highschool. I'll need to prepay every month if I rly want to use them. They did tell me they will re-evaluate in 6months. Should I use and continually prepay? use and max and then pay? anyone have any suggestions? thx

Oh and thank you F/R rep for not even bothering to call me and tell me its over. I called last night and CS said, well looks like you've been re-activated since this afternoon!

Looks like you survived. Did they confirm the income you reported to the FR rep? Was it the same as the income stated on your most recent app?
Title: Re: Amex Financial Review
Post by: josh nyc on December 28, 2011, 11:08:44 AM
Looks like you survived. Did they confirm the income you reported to the FR rep? Was it the same as the income stated on your most recent app?

they allowed me to send 3 months bank statements. The statements confirmed above what I stated on the app but they are statements and my 1040 from '10 had <20K on it. I also sent in an investment account with enough liquid assets to cover all of my CLs.

i guess once I file for '11 i can also call and tell them to re-audit?
Title: Re: Amex Financial Review
Post by: Dan on December 28, 2011, 11:09:02 AM
I would not recommend prepaying, the FR guys don't like that.
+1.  Learn to play the pay as you spend game.
Title: Re: Amex Financial Review
Post by: Dan on December 28, 2011, 11:09:41 AM
i guess once I file for '11 i can also call and tell them to re-audit?
Doubtful, but you can always work on triggering an F/R.
Title: Re: Amex Financial Review
Post by: compddd on December 28, 2011, 11:17:05 AM
What is prepaying on Amex mean exactly?
Title: Re: Amex Financial Review
Post by: AsherO on December 28, 2011, 11:19:06 AM
they allowed me to send 3 months bank statements. The statements confirmed above what I stated on the app but they are statements and my 1040 from '10 had <20K on it. I also sent in an investment account with enough liquid assets to cover all of my CLs.

i guess once I file for '11 i can also call and tell them to re-audit?

I wish I had an investment balance that'd cover all my credit lines :P

Why would you want to be re-audited?
Title: Re: Amex Financial Review
Post by: TC610 on December 28, 2011, 11:28:45 AM
I'll need to prepay every month if I rly want to use them.

Do you really mean prepay?  Or do you mean pay multiple times a month after your charges post?
Title: Re: Amex Financial Review
Post by: Dan on December 28, 2011, 11:34:26 AM
What is prepaying on Amex mean exactly?
Send money from your bank account.

Why would you want to be re-audited?
If your 1040 shows more income the next year.
Title: Re: Amex Financial Review
Post by: AsherO on December 28, 2011, 11:38:11 AM
If your 1040 shows more income the next year.

To get them to raise your CL?
Title: Re: Amex Financial Review
Post by: compddd on December 28, 2011, 11:40:16 AM
Do you really mean prepay?  Or do you mean pay multiple times a month after your charges post?

Prepay would be paying say $1000 to your Amex card before you've spent anything, and then go and spend $1000 on stuff? Right?
Title: Re: Amex Financial Review
Post by: AsherO on December 28, 2011, 11:47:56 AM
Prepay would be paying say $1000 to your Amex card before you've spent anything, and then go and spend $1000 on stuff? Right?


That's what it means, and it's an F/R flag.
Title: Re: Amex Financial Review
Post by: TC610 on December 28, 2011, 11:56:07 AM
Prepay would be paying say $1000 to your Amex card before you've spent anything, and then go and spend $1000 on stuff? Right?
That's what it means, and it's an F/R flag.

+1.  Some people confuse the term "prepay" (bad) with "spend, then pay shortly after charges post."
Title: Re: Amex Financial Review
Post by: josh nyc on December 28, 2011, 12:12:20 PM
+1.  Some people confuse the term "prepay" (bad) with "spend, then pay shortly after charges post."

exactly - did not actually mean pre-pay. meant pay as I go
Title: Re: Amex Financial Review
Post by: josh nyc on December 28, 2011, 12:13:36 PM
If your 1040 shows more income the next year.
To get them to raise your CL?
exactly
Title: Re: Amex Financial Review
Post by: AJK on December 28, 2011, 02:24:54 PM
I know the F/R reps don't like the whole prepay and then spend, but are we sure that they don't mind the spend-pay off, spend-pay off routine?

Isn't that contravening their limit, too?
Title: Re: Amex Financial Review
Post by: Dan on December 28, 2011, 02:25:32 PM
Isn't that contravening their limit, too?

No.
Title: Re: Amex Financial Review
Post by: AJK on December 28, 2011, 02:28:55 PM
No.

Hmmm...

Assume 5K credit line.

A) Prepay 5K, spend 10k = 10K spent.
B) Spend 5K, pay 5K, spend 5K, pay 5K = 10K spent.

A+B = contravening 5K credit line by charging 10K...

What am I missing?
Title: Re: Amex Financial Review
Post by: Dan on December 28, 2011, 02:56:23 PM
That they don't like prepayments.
Title: Re: Amex Financial Review
Post by: AJK on December 28, 2011, 02:59:25 PM
That they don't like prepayments.

...and we've come full circle :P

What's inherently different about a prepayment?
Title: Re: Amex Financial Review
Post by: HelpMe on December 28, 2011, 03:13:21 PM
...and we've come full circle :P

What's inherently different about a prepayment?
Prepay (credit balance) and churning your CL puts Amex at risk. If you have a 5k line I would be surprised you could churn it more than 10 times in a month without prepaying. Amex could have 50k at risk for the month. I could prepay pay the account for 100k and put Amex at a greater risk.
Title: Re: Amex Financial Review
Post by: AJK on December 28, 2011, 03:15:55 PM
I don't think I followed one iota of what you posted...
Title: Re: Amex Financial Review
Post by: BAHayman on December 28, 2011, 03:17:08 PM
Prepay (credit balance) and churning your CL puts Amex at risk. If you have a 5k line I would be surprised you could churn it more than 10 times in a month without prepaying. Amex could have 50k at risk for the month. I could prepay pay the account for 100k and put Amex at a greater risk.
How is there any risk if you prepay??
Title: Re: Amex Financial Review
Post by: HelpMe on December 28, 2011, 03:26:15 PM
How is there any risk if you prepay??
Prepaying or churning your CL does not look normal. If I have a CL of 5k and prepay 50k for the month I can charge 55k for the month. How much can I now do chargebacks for? If I prepay 50k and the card gets stolen 55k again of unauthorized charges can be put on the card. Amex is at a greater risk.

Something you also need to remember is the prepay trick does not work with all FIís.
Title: Re: Amex Financial Review
Post by: HelpMe on December 28, 2011, 03:30:34 PM
I don't think I followed one iota of what you posted...
You seem to have this problem often so letís break this down and take baby steps. Do you understand that prepaying creates a credit balance?
Title: Re: Amex Financial Review
Post by: AJK on December 28, 2011, 03:37:44 PM
You seem to have this problem often so letís break this down and take baby steps. Do you understand that prepaying creates a credit balance?

Excuse me?
Title: Re: Amex Financial Review
Post by: HelpMe on December 28, 2011, 03:43:41 PM
Excuse me?
Ok you are excused. Now you want to answer my question?
Title: Re: Amex Financial Review
Post by: AsherO on December 28, 2011, 04:22:55 PM
Battle of the  ::) s
Title: Re: Amex Financial Review
Post by: AsherO on December 28, 2011, 04:37:12 PM
For the record, my (negative) MR balance doesn't show on my 'Accounts Summary' page, and when I go to MR (http://www.membershiprewards.com/HomePage.aspx?us_nu=dd&inav=menu_rewards_mrhome) and log in I get the following message:

Quote
WE'RE SORRY
We apologize for the inconvenience, the system is currently unavailable. Please try your request again by refreshing the page.

If you require further assistance please call Membership Rewardsģ Customer Service at 1-800-AXP-EARN (297-3276).
CODE: LA01-101
Would you like to...

It looks like my MR account might be gone, I'm glad I cashed out when I did.
Title: Re: Amex Financial Review
Post by: AJK on December 28, 2011, 05:11:03 PM
Ok you are excused. Now you want to answer my question?

You embody and exemplify the quote: "Do not argue with an idiot, they will bring you down to their level and beat you with experience."

For the record, my (negative) MR balance doesn't show on my 'Accounts Summary' page, and when I go to MR (http://www.membershiprewards.com/HomePage.aspx?us_nu=dd&inav=menu_rewards_mrhome) and log in I get the following message:

It looks like my MR account might be gone, I'm glad I cashed out when I did.

It's not gone, it's just not accessible online.

To xfer any points, you'd have to call (says so in the F/R letter).
Title: Re: Amex Financial Review
Post by: HelpMe on December 28, 2011, 05:28:01 PM
You embody and exemplify the quote: "Do not argue with an idiot, they will bring you down to their level and beat you with experience."
Out of your 2906 posts how many did you actually provide any useful information and how many exemplify your childish behavior?

If you donít want to be called out on your silly posts I would suggest you just ignore me!
Title: Re: Amex Financial Review
Post by: myb821 on December 28, 2011, 05:29:41 PM
everyone chill
Title: Re: Amex Financial Review
Post by: AJK on December 28, 2011, 05:36:00 PM
Out of your 2906 posts how many did you actually provide any useful information and how many exemplify your childish behavior?

If you donít want to be called out on your silly posts I would suggest you just ignore me!

You and your 300 posts have a lot of gall throwing your weight around DDF like it means something.

I have helped countless people on DDF, just as they have me.

However, in your case, just like when a mentally disabled child rants and raves obscenities and insults, I will choose to ignore you from this point forward.
Title: Re: Amex Financial Review
Post by: HelpMe on December 28, 2011, 05:54:06 PM
You and your 300 posts have a lot of gall throwing your weight around DDF like it means something.

I have helped countless people on DDF, just as they have me.

However, in your case, just like when a mentally disabled child rants and raves obscenities and insults, I will choose to ignore you from this point forward.
You make the classic noob mistake of equating post count with knowledge of a subject.

Even making a reference to a disabled child shows what a sick person you really are!!!

Oh and have a nice day.  ;D

ETA: Should not expect any more PMís from you asking for info? ROFLMAO
Title: Re: Amex Financial Review
Post by: AsherO on December 28, 2011, 06:02:03 PM
everyone chill

And grow up. IMHO neither AJK nor HelpMe are in the right, and I don't have a post count of 300 :P
Title: Re: Re: Amex Financial Review
Post by: BAHayman on December 28, 2011, 06:22:34 PM
Prepaying or churning your CL does not look normal. If I have a CL of 5k and prepay 50k for the month I can charge 55k for the month. How much can I now do chargebacks for? If I prepay 50k and the card gets stolen 55k again of unauthorized charges can be put on the card. Amex is at a greater risk.

Something you also need to remember is the prepay trick does not work with all FI’s.
But even if you did a chargeback, AMEX already has your money so I still don't see how it has more risk on there end.
Title: Re: Amex Financial Review
Post by: compddd on December 28, 2011, 06:48:09 PM
Dan seems to be the most knowledgeable of all of us here, so if he says they don't like pre-paying, I'm going to trust him.
Title: Re: Re: Amex Financial Review
Post by: bubbles on December 28, 2011, 07:20:25 PM
But even if you did a chargeback, AMEX already has your money so I still don't see how it has more risk on there end.

but if you win the chargeback and they refund the charge what does having your money help?
Title: Re: Amex Financial Review
Post by: Dan on December 28, 2011, 08:49:25 PM
but if you win the chargeback and they refund the charge what does having your money help?
If you win a chargeback they take back the money from the merchant.
Title: Re: Amex Financial Review
Post by: bubbles on December 28, 2011, 08:53:06 PM
If you win a chargeback they take back the money from the merchant.

I thought AMEX doesn't always but I guess on a large enough amount they won't refund you unless they can actually get the money back from the merchant?
Title: Re: Amex Financial Review
Post by: Dan on December 28, 2011, 09:03:57 PM
I thought AMEX doesn't always but I guess on a large enough amount they won't refund you unless they can actually get the money back from the merchant?
If it's $20 they just credit you right away as it will cost them more to investigate.
For larger amounts there's an investigation and a case manager.
Title: Re: Re: Amex Financial Review
Post by: HelpMe on December 29, 2011, 12:24:27 AM
But even if you did a chargeback, AMEX already has your money so I still don't see how it has more risk on there end.
If you receive your charge back the risk now is for Amex to get the funds back from the merchant. What if the merchant is no longer in business? What if the merchant had no funds in reserve? What if it was a scam to begin with? The point being with prepaying or churning your CL it is an increase risk to Amex.
Title: Re: Amex Financial Review
Post by: abetobee on December 29, 2011, 04:16:45 PM
My wife and I Just got done with fr. I got through it ok, with limits placed on my consumer cards, while my wifes' cards were all canceled. They said they called one week ago, supposedly to discuss it and we were not home at the time so they just canceled her 5 accounts. Today she called them back and they said there's nothing to do to reinstate even some of the cards, being that the review is done! Can anyone give some advice as to how to proceed. I hope it's not a lost case.

p.s. Seems very strange that the 2 of us who file taxes jointly should have such different outcomes from AMEX. I'm thinking we got the wrong case manager at a bad time, since both of us have great credit scores and 100% payment history. any way to work this out?
Title: Re: Amex Financial Review
Post by: AsherO on December 29, 2011, 04:17:28 PM
My wife and I Just got done with fr. I got through it ok, with limits placed on my consumer cards, while my wifes' cards were all canceled. They said they called one week ago, supposedly to discuss it and we were not home at the time so they just canceled her 5 accounts. Today she called them back and they said there's nothing to do to reinstate even some of the cards, being that the review is done! Can anyone give some advice as to how to proceed. I hope it's not a lost case.

p.s. Seems very strange that the 2 of us who file taxes jointly should have such different outcomes from AMEX. I'm thinking we got the wrong case manager at a bad time, since both of us have great credit scores and 100% payment history. any way to work this out?

Did you try speaking to a supervisor?
Title: Re: Amex Financial Review
Post by: ZCN on December 29, 2011, 06:50:06 PM

Quick update, along with some confusing and possibily new info.

   I finally got to speak to a supervisor today about sending in bank docs as supprting docs. She told me that they will not accecpt anything else besides the IRS form ( and yes, I was speaking with a supervisor).

 When I told her about my situation she said that no matter what income they see from my 2010 taxes they will NOT close any of my accounts (currently have 4 ). She said the whole purpose of the FR is to determine reasonable credit limits for each account holder.
 She even said something to the effect that they don't have the ability to close accounts based on income, all they can do is readjust credit limits.


  For me, what she's saying makes some sense, but I'm still a little nervous. The last thing I need right now is AMEX to shut down 4 accounts with the resulting plunge in our credit score.

 What do you guys think about what she said? Makes sense, or BS?



Update: B'H I got through FR with all my cards intact!!!
For the record I had income of under 5k on last year's tax return. They put a 3k CL on my PRG, 5k on my plat, 5k on my MB plat, and 2k on my DL gold. They told me it will take a few days to finish the process, whatever that means.
 Assuming everything holds, I think it's truly a miracle.
Title: Re: Amex Financial Review
Post by: Dan on December 29, 2011, 07:20:40 PM
Assuming everything holds, I think it's truly a miracle.
+1
Title: Re: Amex Financial Review
Post by: abetobee on December 29, 2011, 10:30:58 PM
Did you try speaking to a supervisor?
I asked them to have a supervisor call back to discuss.
do they have any power to reinstate.?
any techniques to use to them?
p.s. to top it off after closing my accounts they went ahead and charged me more than $300 for MR points that I advanced and now cannot pay back because they closed me down. what chutpah.
Title: Re: Amex Financial Review
Post by: joeb1 on December 30, 2011, 01:06:55 AM
I asked them to have a supervisor call back to discuss.
do they have any power to reinstate.?
any techniques to use to them?
p.s. to top it off after closing my accounts they went ahead and charged me more than $300 for MR points that I advanced and now cannot pay back because they closed me down. what chutpah.

ppl have been successful in at least getting them to waive the negative points balance. try to state ur case to a supervisor and c what they can do
Title: Re: Amex Financial Review
Post by: Chaikel on December 30, 2011, 01:52:48 AM
Is paying your bill with a check out of someone's account a trigger, or only ACH transfers?
Title: Re: Amex Financial Review
Post by: AsherO on December 30, 2011, 01:54:33 AM
Is paying your bill with a check out of someone's account a trigger, or only ACH transfers?

I think it is, especially large amounts. It'll at least by an issue if something else triggers an FR and then they notice that.
Title: Re: Amex Financial Review
Post by: AJK on December 30, 2011, 02:02:04 AM
Just navigated my own F/R. Mostly successful to my mind, anyway.

Expected trigger.

Had six accounts. Three charge, three credit.

Preemptively closed 4. (But not before getting a retention bonus.)

Sent in bank statements.

Result:

1) Capped Plat, and 2) slashed line for the credit card.
Title: Re: Amex Financial Review
Post by: compddd on December 30, 2011, 02:12:17 AM
what was your trigger?
Title: Re: Amex Financial Review
Post by: josh nyc on January 02, 2012, 11:26:01 AM
Wife actually came away better from the F/R than I did and she doesnt work! She only had one CL slashed (from 18 to 12) they let her keep a 10CL and limited plat and gold to 5K each.

For each of us the stated reason for the slashes was "insufficient daily balances in bank account" -  the letter says call the # on back of cc (CSR) to discuss if I want. Should I try to get any of the CLs raised or am I supposed to move on and be happy that they allowed me to pass their FR? Giving me a 1K limit on cards is pretty worthless
Title: Re: Amex Financial Review
Post by: dans fan on January 02, 2012, 11:35:02 AM
Wife actually came away better from the F/R than I did and she doesnt work! She only had one CL slashed (from 18 to 12) they let her keep a 10CL and limited plat and gold to 5K each.

For each of us the stated reason for the slashes was "insufficient daily balances in bank account" -  the letter says call the # on back of cc (CSR) to discuss if I want. Should I try to get any of the CLs raised or am I supposed to move on and be happy that they allowed me to pass their FR? Giving me a 1K limit on cards is pretty worthless
imho dont ask it can cause another fry and no  guarantee she will pass
Title: Re: Amex Financial Review
Post by: dans fan on January 02, 2012, 11:37:09 AM
Wife actually came away better from the F/R than I did and she doesnt work! She only had one CL slashed (from 18 to 12) they let her keep a 10CL and limited plat and gold to 5K each.

For each of us the stated reason for the slashes was "insufficient daily balances in bank account" -  the letter says call the # on back of cc (CSR) to discuss if I want. Should I try to get any of the CLs raised or am I supposed to move on and be happy that they allowed me to pass their FR? Giving me a 1K limit on cards is pretty worthless
did you two do it together or had separate rep?
Title: Re: Amex Financial Review
Post by: SPLP on January 02, 2012, 11:40:51 AM
did you two do it together or had separate rep?


ref:
"For each of us the stated reason for the slashes was "insufficient daily balances in bank account"

did you send them your bank statements?
Title: Re: Amex Financial Review
Post by: josh nyc on January 02, 2012, 12:12:59 PM
did you two do it together or had separate rep?

separate reps. same info - filed in '10 jointly and joint bank account
Title: Re: Amex Financial Review
Post by: josh nyc on January 02, 2012, 12:13:22 PM

ref:
"For each of us the stated reason for the slashes was "insufficient daily balances in bank account"

did you send them your bank statements?
yes - same statements for us both, to two diff FR reps
Title: Re: Amex Financial Review
Post by: mclovin on January 20, 2012, 02:46:34 PM
my sister just got fr'ed. first they asked her for tax stuff so she sent in  our parents papers. now they want her bank statements. her accounts have basically nothing as she is now doing a medical internship and not getting paid. what are chances she will pass the fr? should she just cancel her cards?
Title: Re: Amex Financial Review
Post by: mguy on January 21, 2012, 08:56:30 PM
It's widely reported that prepaying an account is an FR trigger. Can anyone explain why? I assume the logic behind an FR is that they are getting concerned that you may be a credit risk. So if you've got the cash to prepay an account, doesn't that indicate to them that you're less of a risk?
Title: Re: Amex Financial Review
Post by: AsherO on January 21, 2012, 09:40:28 PM
It's widely reported that prepaying an account is an FR trigger. Can anyone explain why? I assume the logic behind an FR is that they are getting concerned that you may be a credit risk. So if you've got the cash to prepay an account, doesn't that indicate to them that you're less of a risk?

I think they fear you're spending for someone else and if that person doesn't pay then they'll be out the money. Not necessarily in this instance (since you already paid), but since you prepay that might cause them to suspect this could happen other times.
Title: Amex Financial Review
Post by: bubbles on January 21, 2012, 09:43:33 PM
I think they fear you're spending for someone else and if that person doesn't pay then they'll be out the money. Not necessarily in this instance (since you already paid), but since you prepay that might cause them to suspect this could happen other times.

And that there is now a risk of them being on the hook for more on a chargeback
Title: Re: Amex Financial Review
Post by: AsherO on January 21, 2012, 10:37:28 PM
And that there is now a risk of them being on the hook for more on a chargeback

Right, though there's arguably always that risk if you recycle your CL several times a cycle (by paying off the charges and swiping again multiple times in the cycle).
Title: Re: Amex Financial Review
Post by: mguy on January 21, 2012, 10:45:39 PM
And that there is now a risk of them being on the hook for more on a chargeback

Thanks, makes sense. And I guess why some CC companies (e.g. Chase) don't allow prepaying.
Title: Amex Financial Review
Post by: bubbles on January 21, 2012, 11:07:48 PM
Right, though there's arguably always that risk if you recycle your CL several times a cycle (by paying off the charges and swiping again multiple times in the cycle).

Can you file a chargeback after you paid the charge? Also prob not as much of a risk of you filing multiple chargebacks as opposed to one big one
Title: Re: Amex Financial Review
Post by: robi on January 21, 2012, 11:35:05 PM
I applied for a plat, was rejected, called recon, pushed it thru. Next day I get a letter that they want my tax returns and bank statements. Anything to worry about, or was the letter automatically sent after the rejection, before I pushed it thru?
Title: Re: Amex Financial Review
Post by: myb821 on January 21, 2012, 11:36:13 PM
I applied for a plat, was rejected, called recon, pushed it thru. Next day I get a letter that they want my tax returns and bank statements. Anything to worry about, or was the letter automatically sent after the rejection, before I pushed it thru?
ur prob under FR
Title: Re: Amex Financial Review
Post by: Saver2000 on January 21, 2012, 11:39:37 PM
Can you file a chargeback after you paid the charge? Also prob not as much of a risk of you filing multiple chargebacks as opposed to one big one

Yes. Not sure about with amed, but with visa and mc you have up to 90 days to do chargeback.
(Usually you would've paid an 89 day old charge)
Title: Re: Amex Financial Review
Post by: robi on January 21, 2012, 11:59:12 PM
ur prob under FR
ok, sorry for not being clearer. Here's the story: I'm Canadian, don't have a US ssn. Amex has a program called global transfer, where if you move u can take a card with you. So they told me to apply online, be rejected, then call back they'll approve. That's exactly what I did. Then I get the letter about tax returns and bank statements, that's why I think it was automatically generated. Or am I still under fr?
Title: Re: Amex Financial Review
Post by: myb821 on January 22, 2012, 12:04:12 AM
ok, sorry for not being clearer. Here's the story: I'm Canadian, don't have a US ssn. Amex has a program called global transfer, where if you move u can take a card with you. So they told me to apply online, be rejected, then call back they'll approve. That's exactly what I did. Then I get the letter about tax returns and bank statements, that's why I think it was automatically generated. Or am I still under fr?
no idea
Title: Re: Amex Financial Review
Post by: robi on January 22, 2012, 12:05:25 AM
no ideat
thnx. Anyone have experience with this?
Title: Re: Amex Financial Review
Post by: Wolf on January 22, 2012, 01:27:18 AM
If you have another card by them try to use it, if its blocked or on hold then you will know you're fr.
Title: Re: Amex Financial Review
Post by: robi on January 22, 2012, 01:41:22 AM
If you have another card by them try to use it, if its blocked or on hold then you will know you're fr.
don't. Am an AU though
Title: Re: Amex Financial Review
Post by: Avid Reader on January 22, 2012, 03:22:05 AM
Is paying your bill with a check out of someone's account a trigger, or only ACH transfers?
I think it is, especially large amounts. It'll at least by an issue if something else triggers an FR and then they notice that.

Anyone know why payment by/from another individual is an FR trigger? What doesn't AMEX like about that?
Title: Re: Amex Financial Review
Post by: Saver2000 on January 22, 2012, 03:25:14 AM
Anyone know why payment by/from another individual is an FR trigger? What doesn't AMEX like about that?

Because then Amex assumes that someone (else, besides the card holder)  is doing the spending on your cc.
Title: Re: Amex Financial Review
Post by: AsherO on January 22, 2012, 03:26:14 AM
Anyone know why payment by/from another individual is an FR trigger? What doesn't AMEX like about that?

Perhaps for the same reason I stated above (http://forums.dansdeals.com/index.php?topic=8.msg174505#msg174505).
Title: Re: Amex Financial Review
Post by: Avid Reader on January 22, 2012, 03:26:34 AM
Because then Amex assumes that someone (else, besides the card holder)  is doing the spending on your cc.
I think they fear you're spending for someone else and if that person doesn't pay then they'll be out the money.
If they fear you're spending for someone else who might not pay back, why aren't they afraid of AU's?
Title: Re: Amex Financial Review
Post by: AsherO on January 22, 2012, 03:28:26 AM
If they fear you're spending for someone else who might not pay back, why aren't they afraid of AU's?

Interesting question, I don't know the answer to it. During my recent FR (obligatory  :'( :'() they clearly told me they fear I won't pay when I told them I use my cards for household expenses that other people chip in for.
Title: Re: Amex Financial Review
Post by: Avid Reader on January 22, 2012, 03:30:57 AM
During my recent FR (obligatory  :'( :'() they clearly told me they fear I won't pay when I told them I use my cards for household expenses that other people chip in for.
...while at the same time whenever they have you on the phone they try to stuff in another AU into your account. Ironic, no?
Title: Re: Amex Financial Review
Post by: Saver2000 on January 22, 2012, 03:33:18 AM
If they fear you're spending for someone else who might not pay back, why aren't they afraid of AU's?

They sure do. When I was fr'ed they told me that that was one of the triggers.

I barely used the card and the AU was doing a most of the spending on the card. The fr rep told me that amex extended credit to me based on my credit worthiness - not my AU's. So how do they know that he's going to be able to pay the bill every mobth.
Title: Re: Amex Financial Review
Post by: AsherO on January 22, 2012, 03:36:52 AM
...while at the same time whenever they have you on the phone they try to stuff in another AU into your account. Ironic, no?

Different departments. I say this all the time:

But like I say, these banks have different departments which sometimes have contradictory priorities/objectives.

The answer to your question about the 75k CL is simple: The dept. that approves the CL isn't the same one that does the AA/FRs. As I often say, the various departments have different (and often contradictory) objectives.

Yup. As I like to say, large corporations typically have multiple departments which often have conflicting priorities, this is especially true with banks.

Title: Re: Amex Financial Review
Post by: Avid Reader on January 22, 2012, 03:37:55 AM
They sure do. When I was fr'ed they told me that that was one of the triggers.

I barely used the card and the AU was doing a most of the spending on the card. The fr rep told me that amex extended credit to me based on my credit worthiness - not my AU's. So how do they know that he's going to be able to pay the bill every mobth.
I can understand that. In your case the AU was doing most of the spending.
Title: Re: Amex Financial Review
Post by: dans fan on January 22, 2012, 06:43:56 PM
Because then Amex assumes that someone (else, besides the card holder)  is doing the spending on your cc.
(they do  fear extending credit) but they olso fear that you cant make the payment (oto dont have money) and your borrowing from a friend to make your payments,
Title: Re: Amex Financial Review
Post by: dans fan on January 22, 2012, 06:50:59 PM
It's widely reported that prepaying an account is an FR trigger. Can anyone explain why? I assume the logic behind an FR is that they are getting concerned that you may be a credit risk. So if you've got the cash to prepay an account, doesn't that indicate to them that you're less of a risk?
some times there is no a clear explanation why its a risk its more like "irregular  activity" just doesnt look right something must be going on thats making you do it. this month you may have the cash but soon you may not they want to close your acc before that happens
Title: Re: Amex Financial Review
Post by: dans fan on January 22, 2012, 06:53:55 PM
Thanks, makes sense. And I guess why some CC companies (e.g. Chase) don't allow prepaying.
its not that they dont allow it. it just wont up your credit line, i dont see a direct connection.imho
Title: Re: Amex Financial Review
Post by: Saver2000 on January 22, 2012, 06:55:29 PM
(they do  fear extending credit) but they olso fear that you cant make the payment (oto dont have money) and your borrowing from a friend to make your payments,

It seems you missed this post

They sure do. When I was fr'ed they told me that that was one of the triggers.

I barely used the card and the AU was doing a most of the spending on the card. The fr rep told me that amex extended credit to me based on my credit worthiness - not my AU's. So how do they know that he's going to be able to pay the bill every mobth.
Title: Re: Amex Financial Review
Post by: Wolf on January 22, 2012, 07:00:09 PM
I don't understand how they know From which account you pay the bill, when you add a Bank account to your profile they don't ask you to put in the name of that account,I think chase does but not amex.
Title: Re: Amex Financial Review
Post by: Saver2000 on January 22, 2012, 07:04:10 PM
I don't understand how they know From which account you pay the bill, when you add a Bank account to your profile they don't ask you to put in the name of that account,I think chase does but not amex.

Who said they know?
Title: Re: Amex Financial Review
Post by: dans fan on January 22, 2012, 07:18:46 PM
It seems you missed this post.

i am (or you)missing somthing but not the post. his q was why is paying with another acc a risk, you answered that extending credit is a risk, witch i agree is true but i dont think that being a risk of a risk is the answer to his q. and the real answer is you are a risk of not being able to pay your own bills
I don't understand how they know From which account you pay the bill, when you add a Bank account to your profile they don't ask you to put in the name of that account,I think chase does but not amex.
afaik(never tried it just told so by csr) you cannot use a account that the names dont "match" so officially you cant use someone else acc. and if you send a check they see it on the check
Title: Re: Amex Financial Review
Post by: Saver2000 on January 22, 2012, 07:34:51 PM
(they do  fear extending credit) but they olso fear that you cant make the payment (oto dont have money) and your borrowing from a friend to make your payments,

I was replying to the above post.
The reason they don't like when AU's use the cc often/more than the primary/heavy usage is bec they assume that since the AU is doing so much spending,  they are also doing tje paying.

With that said, they don't trust that AU will be able to pay back every month bec they don't know his credit history/worthiness.
 They extended credit based on one persons credit worthiness and someone else entirely is doing all the spending and paying. 
Amex considers that a big  risk to them..
Title: Re: Re: Amex Financial Review
Post by: Wolf on January 22, 2012, 07:40:45 PM
Quote
afaik(never tried it just told so by csr) you cannot use a account that the names dont "match" so officially you cant use someone else acc. and if you send a check they see it on the check
That's not entirely true, I am paying every month for the last two years if not more from different accounts with no issue so far b"h,  well maybe its because i'm paying thru business acnts, but its for my personal accnt.
Title: Re: Amex Financial Review
Post by: dans fan on January 22, 2012, 07:41:56 PM
I was replying to the above post.
The reason they don't like when AU's use the cc often/more than the primary/heavy usage is bec they assume that since the AU is doing so much spending,  they are also doing tje paying.

With that said, they don't trust that AU will be able to pay back every month bec they don't know his credit history/worthiness.
 They extended credit based on one persons credit worthiness and someone else entirely is doing all the spending and paying. 
Amex considers that a big  risk to them..
i really dont think that when a payment made not from the account holder is any reason to believe that au are doing to much spending. it trigger evan when there are no au on the acc. you are making it way to complicated
Title: Re: Amex Financial Review
Post by: dans fan on January 22, 2012, 07:43:11 PM
That's not entirely true, I am paying every month for the last two years if not more from different accounts with no issue so far b"h,  well maybe its because i'm paying thru business acnts, but its for my personal accnt.

does the last name match or somthing else match? i never tried it so it could be your right, the reason i believed the csr is it doesnt really make to much sense to allow a payment from another acc without the actual check bc your routing # and accout # is easily accessible 
Title: Re: Amex Financial Review
Post by: Saver2000 on January 22, 2012, 07:47:27 PM
i really dont think that when a payment made not from the account holder is any reason to believe that au are doing to much spending. it trigger evan when there are no au on the acc. you are making it way to complicated

Fan, read my post! Your post that I quoted was in reference to AU's triggering fr's.
Your post and my reply has nothing to do with paying the bill. We were discussing why an AU doing the spending is a trigger.

Please reread the last 12 posts in this thread. 
Thanx
Title: Re: Amex Financial Review
Post by: elikay on January 22, 2012, 07:48:56 PM
Will paying one time with a check from someone else trigger an FR (has anyone had such an experience)?
Title: Re: Amex Financial Review
Post by: dans fan on January 22, 2012, 07:52:20 PM
Fan, read my post! Your post that I quoted was in reference to AU's triggering fr's.
Your post and my reply has nothing to do with paying the bill. We were discussing why an AU doing the spending is a trigger.

Please reread the last 12 posts in this thread. 
Thanx
that is my point his q was this
Anyone know why payment by/from another individual is an FR trigger? What doesn't AMEX like about that?
and you answered about au spending
Title: Re: Re: Amex Financial Review
Post by: Wolf on January 22, 2012, 07:53:36 PM
Will paying one time with a check from someone else trigger an FR (has anyone had such an experience)?
absolutely not i've done this numerous times and no fr, but ymmv.
Title: Re: Re: Amex Financial Review
Post by: dans fan on January 22, 2012, 07:59:36 PM
absolutely not i've done this numerous times and no fr, but ymmv.
nothing personal and sharing your experiences is greatly appreciated, but elikay asked if a one time is a trig.  obliviously he is under the impression that numerous is a trigrer . all triggers have been done by many numerous times and no fry
Title: Re: Re: Re: Amex Financial Review
Post by: Wolf on January 22, 2012, 08:32:07 PM
nothing personal and sharing your experiences is greatly appreciated, but elikay asked if a one time is a trig.  obliviously he is under the impression that numerous is a trigrer . all triggers have been done by many numerous times and no fry
that's why I posted my experience and wrote "ymmv"....
Title: Re: Amex Financial Review
Post by: elikay on January 23, 2012, 01:59:53 AM
absolutely not i've done this numerous times and no fr, but ymmv.
Thanks for sharing your experience.
Title: Re: Amex Financial Review
Post by: AsherO on January 23, 2012, 02:09:08 AM
absolutely not i've done this numerous times and no fr, but ymmv.

I think the latter is true, the former is only your experience and it doesn't mean everyone else will get lucky.

One other thing y'all need to consider is that while one FR trigger isn't necessarily going to get you in trouble, once they review your account and evaluate you for FR, any minor infraction could sway them toward FR or determine how strict they'll be during an FR.

When I was FR'd recently they asked me about lots of shtick that had nothing to do with (what they told me was) my FR trigger.
Title: Re: Amex Financial Review
Post by: elikay on January 23, 2012, 03:37:43 PM
bump
 
my sister just got fr'ed. first they asked her for tax stuff so she sent in  our parents papers. now they want her bank statements. her accounts have basically nothing as she is now doing a medical internship and not getting paid. what are chances she will pass the fr? should she just cancel her cards?
 
my sister just got fr'ed. first they asked her for tax stuff so she sent in  our parents papers. now they want her bank statements. her accounts have basically nothing as she is now doing a medical internship and not getting paid. what are chances she will pass the fr? should she just cancel her cards?
my sister just got fr'ed. first they asked her for tax stuff so she sent in  our parents papers. now they want her bank statements. her accounts have basically nothing as she is now doing a medical internship and not getting paid. what are chances she will pass the fr? should she just cancel her cards?
Title: Re: Amex Financial Review
Post by: mclovin on January 23, 2012, 06:55:39 PM
well i guess that answers the question of whether anyone even saw my posts
Title: Re: Re: Amex Financial Review
Post by: Wolf on January 23, 2012, 08:34:42 PM
well i guess that answers the question of whether anyone even saw my posts
take it Ez bro. Everybody sees everybodys posts, if they didn't answer obviously they don't know or don't have any experience with your case.
But I'll tell you what I picked up here in ddf, tell her to call up and ask them that whatever they decide they should let her know before they do anything, they might give her chance to close it herself, so no reason to freak out now and close the accounts now, don't forget once you get fried, there's no applying again unless u submit what they want.
I would suggest to send in what they want and she should explain to them that she's in school etc, and that's why her accounts are low... I feel that the truth will work best. Worst come to worst they might just give her low cl and get off get back.
Title: Re: Amex Financial Review
Post by: dans fan on January 23, 2012, 10:14:56 PM
take it Ez bro.Worst come to worst they might just give her low cl and get off get back.
take it easy bro on giving advice. worst comes to worst they will close her accounts
my sister just got fr'ed. first they asked her for tax stuff so she sent in  our parents papers. now they want her bank statements. her accounts have basically nothing as she is now doing a medical internship and not getting paid. what are chances she will pass the fr? should she just cancel her cards?

if you  are desperate for advice; i would guess they will prob shut her account. the q is  taking a chance of getting shut, how bad is getting shut down. i would guess as far as amex is concerned, not such a big dif bt user closing under fry or amex closing due to fry. as faras other banks : if you already have accounts with them it shouldnt hurt so bad if you dont have account it can make it harder  so it depends what else she has going for her. all of the above is how it affects future cc app not mortgage or other loans
Title: Re: Amex Financial Review
Post by: Saver2000 on January 23, 2012, 10:55:10 PM
take it easy bro on giving advice. worst comes to worst they will close her accountsif you  are desperate for advice; i would guess they will prob shut her account. the q is  taking a chance of getting shut, how bad is getting shut down. i would guess as far as amex is concerned, not such a big dif bt user closing under fry or amex closing due to fry. as faras other banks : if you already have accounts with them it shouldnt hurt so bad if you dont have account it can make it harder  so it depends what else she has going for her. all of the above is how it affects future cc app not mortgage or other loans

When applying for a mortgage,  the lender can't see the whole report -  just the score?
Title: Re: Amex Financial Review
Post by: Wolf on January 23, 2012, 11:08:09 PM
take it easy bro on giving advice. worst comes to worst they will close her accounts
I said he should try to keep it open only "AFTER" they tell him that they will let him close the account first.

And mclovin, take advice only from dans fan, as only he is entitled to give it....
Title: Re: Amex Financial Review
Post by: Name Changed on January 23, 2012, 11:12:05 PM
take it easy bro on giving advice. worst comes to worst they will close her accountsif you  are desperate for advice; i would guess they will prob shut her account. the q is  taking a chance of getting shut, how bad is getting shut down. i would guess as far as amex is concerned, not such a big dif bt user closing under fry or amex closing due to fry. as faras other banks : if you already have accounts with them it shouldnt hurt so bad if you dont have account it can make it harder  so it depends what else she has going for her. all of the above is how it affects future cc app not mortgage or other loans

If you get shut down from Amex - it will be hard to get back on

I know first hand
Title: Re: Amex Financial Review
Post by: dans fan on January 23, 2012, 11:23:22 PM
When applying for a mortgage,  the lender can't see the whole report -  just the score?
they do see. what i meant to say is they are a little more picky so "closed by lender/issuer" might have a worse affect than cc app
I said he should try to keep it open only "AFTER" they tell him that they will let him close the account first.

And mclovin, take advice only from dans fan, as only he is entitled to give it....
chill bud. my point is your past 2  post are very misleading (at best)
If you get shut down from Amex - it will be hard to get back on

I know first hand
yup. what is imp for him to know if its harder than if he closes during a fry. afaik if they shut you down due to a fry when you reapply they fry you again. if you close the acc and never clear the old fry when you reapply they fry you again. so i dont see a big dif
Title: Re: Re: Amex Financial Review
Post by: mclovin on January 24, 2012, 02:09:11 PM
take it Ez bro. Everybody sees everybodys posts, if they didn't answer obviously they don't know or don't have any experience with your case.
sorry, i was being sarcastic. someone complained i was reposting my question to often. i felt that reposting it around a day later after there was a whole page of completely diff discussion in between was not so bad bec it might have been forgotten.
take it easy bro on giving advice. worst comes to worst they will close her accountsif you  are desperate for advice; i would guess they will prob shut her account. the q is  taking a chance of getting shut, how bad is getting shut down. i would guess as far as amex is concerned, not such a big dif bt user closing under fry or amex closing due to fry. as faras other banks : if you already have accounts with them it shouldnt hurt so bad if you dont have account it can make it harder  so it depends what else she has going for her. all of the above is how it affects future cc app not mortgage or other loans
the main focus of my question was that if she is telling amex she is a dependent of my parents how important are her own accounts. i wanted to know if anyone had experience with that
Title: Re: Amex Financial Review
Post by: dans fan on January 24, 2012, 09:28:59 PM
.the main focus of my question was that if she is telling amex she is a dependent of my parents how important are her own accounts. i wanted to know if anyone had experience with that
the first 3 times you asked i saw this "what are chances she will pass the fr? should she just cancel her cards?"  i didnt see where you asked " how important are her own accounts"
Title: Re: Amex Financial Review
Post by: mclovin on January 24, 2012, 09:54:01 PM
the first 3 times you asked i saw this "what are chances she will pass the fr? should she just cancel her cards?"  i didnt see where you asked " how important are her own accounts"
i guess i didnt spell it out but i did say the story  that 1st sent my parents stuff but then they asked for hers. oh well, thanks though
Title: Re: Amex Financial Review
Post by: Simba on February 08, 2012, 09:17:48 PM
I am a bochur and just applied for a Starwood Pref Guest, I wrote I am self employed, and I make 80,000 a year (I guess it was too much!!). My score was 728 which I thought would be good enough

They answered me:

American Express
PO Box 31525
Salt Lake City, UT 84131

February 8, 2012

Ref: 20120396003051USD

Dear ...... .....,

Thank you for applying for the Starwood Pref Guest(R) Card. Before we can finish processing your application, we need to verify some information with you.

Please complete the following on the 4506-T form:

Complete lines 1 - 4 as instructed.
In line 6, please request tax form "1040" and check the box at the end of line 6a.
In line 9, fill in the end date of your most recently filed tax return. Please note that your previous year's tax transcript will not be available from the IRS until August 1st of this year. To ensure prompt processing, please only request the most recent year available. (Ex: 12/31/20XX)
Please sign and date where indicated at the bottom of the page.
If you filed a joint tax return, please ensure that your spouse has also signed the signature block.
To ensure timely processing please print clearly.
Please note that you do not need to reveal alimony, child support or separate maintenance if you do not want this considered in this application.

OR

If you are employed and you have not filed an income tax return in the past year, please provide us with your most recent pay stub. You can either fax this information to 1-801-945-2884 or mail this information to our address noted above.

OR

If you are not employed, please provide us with your most recent asset statement or bank statement. You can either fax this information to 1-801-945-2884 or mail this information to our address noted above.

You can send us this information by fax at 1-801-945-2884 or you can mail it to us in the enclosed postage-paid envelope. Please make sure to include the reference number listed above.

If you have any questions regarding this form, please contact the IRS at 1-800-829-1040 or visit irs.gov/pub/irs-pdf/f4506t.pdf.

If we don't receive this information from you within 30 days of the date on this letter, we will be unable to provide additional consideration to your application. Please note that once we receive your documents, you can expect to hear from us within 2 to 3 weeks. We look forward to hearing from you soon.

Thank you for your interest in American Express.


Sincerely,

Tammy Weinbaum
SVP and General Manager



I don't think I could complete the following on the 4506-T since I have no job and pay no taxes..

What would the 2nd option mean?? ''If you are employed and you have not filed an income tax return in the past year, please provide us with your most recent pay stub. You can either fax this information to 1-801-945-2884 or mail this information to our address noted above.''

Any chances to get accepted??

Thx
Title: Re: Amex Financial Review
Post by: gozalim on February 08, 2012, 09:32:44 PM
word of warning: i once wrote Self employed $65K and was called and asked about my business (different bank). evidently they don't assume self-employeds make that kind of money. safer to pick an appropriate profession.
Title: Re: Amex Financial Review
Post by: Name Changed on February 08, 2012, 09:35:41 PM
I don't think I could complete the following on the 4506-T since I have no job and pay no taxes..

What would the 2nd option mean?? ''If you are employed and you have not filed an income tax return in the past year, please provide us with your most recent pay stub. You can either fax this information to 1-801-945-2884 or mail this information to our address noted above.''

Any chances to get accepted??

Thx

The 2nd option means - you would have to show that you are making money - your paystubs...

If you cant show amex you are making money there is no chance you'll get on.
Title: Re: Amex Financial Review
Post by: Simba on February 09, 2012, 12:33:55 AM
The 2nd option means - you would have to show that you are making money - your paystubs...

If you cant show amex you are making money there is no chance you'll get on.

I don't think I could show them.. The most I could do is show them the past months statements of 500 to 700 dollars on my BOFA credit account or my spending of a few thousand on my checking account.. Would it work??

What if I call them, and explain them that I started a business of selling electronics lets say and my plan is to do the 80,000 and that's what I meant by "self employed making 80,000 a year". But for now I can't prove it, so at least if they could give me a small credit line.. explaining them how for me is important to open with them etc. etc. Would this work??

That's the number I found in the internet..

1.  American Express Credit Card Reconsideration
877-399-3083/866-379-3643 Ė new accounts

Thanks for your help
Title: Re: Amex Financial Review
Post by: Name Changed on February 09, 2012, 09:01:55 AM
That's the number I found in the internet..

1.  American Express Credit Card Reconsideration
877-399-3083/866-379-3643 Ė new accounts

Thanks for your help

Deff call them, but from my experience they want to see documents.

Showing them accounts with a $500 to $700 is a joke.
Title: Re: Amex Financial Review
Post by: AJK on February 09, 2012, 09:23:07 AM

I don't think I could show them.. The most I could do is show them the past months statements of 500 to 700 dollars on my BOFA credit account or my spending of a few thousand on my checking account.. Would it work??

What if I call them, and explain them that I started a business of selling electronics lets say and my plan is to do the 80,000 and that's what I meant by "self employed making 80,000 a year". But for now I can't prove it, so at least if they could give me a small credit line.. explaining them how for me is important to open with them etc. etc. Would this work??

That's the number I found in the internet..

1.  American Express Credit Card Reconsideration
877-399-3083/866-379-3643 Ė new accounts

Thanks for your help

You have zero income to show them? Both of the items in bold are showing expenditures as opposed to income.

If you have zero income, you have a very slight chance of passing/getting an approval, IMHO.
Title: Re: Amex Financial Review
Post by: dans fan on February 09, 2012, 11:50:24 PM

I don't think I could show them.. The most I could do is show them the past months statements of 500 to 700 dollars on my BOFA credit account or my spending of a few thousand on my checking account.. Would it work??

What if I call them, and explain them that I started a business of selling electronics lets say and my plan is to do the 80,000 and that's what I meant by "self employed making 80,000 a year". But for now I can't prove it, so at least if they could give me a small credit line.. explaining them how for me is important to open with them etc. etc. Would this work??

That's the number I found in the internet..

1.  American Express Credit Card Reconsideration
877-399-3083/866-379-3643 Ė new accounts

Thanks for your help
if your acc is not open yet and they are doing a rev to see if you will be approved then you dont have to worry about getting shut down, you just might be declined
Title: Re: Amex Financial Review
Post by: Name Changed on February 10, 2012, 08:21:14 AM
if your acc is not open yet and they are doing a rev to see if you will be approved then you dont have to worry about getting shut down, you just might be declined
But you wont be able to get on even if you re-apply until they get the documents they want
Title: Re: Amex Financial Review
Post by: AJK on February 10, 2012, 09:05:08 AM
if your acc is not open yet and they are doing a rev to see if you will be approved then you dont have to worry about getting shut down, you just might be declined

-1

As Name Changed said, this [very likely] isn't a normal decline.
Title: Re: Amex Financial Review
Post by: Name Changed on February 10, 2012, 09:07:52 AM
-1

As Name Changed said, this [very likely] isn't a normal decline.

Correct.

I myself had had this decline, It really isnt a decline, your credit score is good, but they want to see documents (proof of income)

I had this decline for a while ... I would re-apply every 6 months... I only got back on after sending them the correct documents.
Title: Re: Amex Financial Review
Post by: dans fan on February 12, 2012, 09:33:05 AM
-1

As Name Changed said, this [very likely] isn't a normal decline.
i am not sure what you misunderstood, my point is the account wont be shut bc its not yet opened,i agree if its a fry he  will have problems for future apps. but for now he has nothing to loose by sending anything bc he is already under fry with no risk of getting accounts shut down
Title: Re: Amex Financial Review
Post by: Name Changed on February 12, 2012, 09:38:41 AM
i am not sure what you misunderstood, my point is the account wont be shut bc its not yet opened,i agree if its a fry he  will have problems for future apps. but for now he has nothing to loose by sending anything bc he is already under fry with no risk of getting accounts shut down

You are right regarding that the account wont be shut down because an account was never opened

But - with AMEX they wont let you open an account until they get the right documents. he could try to send in and talk to them, but I doubt they will approve him. Even if he will re-apply they prob will still require the documents (Proof of income) to get approved.
Title: Re: Amex Financial Review
Post by: AJK on February 12, 2012, 01:00:07 PM
i am not sure what you misunderstood, my point is the account wont be shut bc its not yet opened,i agree if its a fry he  will have problems for future apps. but for now he has nothing to loose by sending anything bc he is already under fry with no risk of getting accounts shut down

Methinks you're the one who is misunderstanding.

He is not getting approved while showing absolutely zero income. Sending in docs now will not only result in an almost sure denial, it can hurt the chances of him being approved in the near future as well, especially if its the FR department who is reviewing his app. If he sends nothing in, chalks this one up, and then finds a way to show income, he can then reapply with the new docs greatly increasing his odds of approval/passing.
Title: Re: Amex Financial Review
Post by: Name Changed on February 12, 2012, 01:02:02 PM
Methinks you're the one who is misunderstanding.

He is not getting approved while showing absolutely zero income. Sending in docs now will not only result in an almost sure denial, it can hurt the chances of him being approved in the near future as well, especially if its the FR department who is reviewing his app. If he sends nothing in, chalks this one up, and then finds a way to show income, he can then reapply with the new docs greatly increasing his odds of approval/passing.
+1
Title: Re: Amex Financial Review
Post by: dans fan on February 12, 2012, 03:40:36 PM
if he gets some income in the future he can always send it in then regardless of what happens now. so he has nothing to loose by sending in now
Title: Re: Amex Financial Review
Post by: Name Changed on February 12, 2012, 03:46:30 PM
if he gets some income in the future he can always send it in then regardless of what happens now. so he has nothing to loose by sending in now
True

I dont think anyone is arguing in the fact that there is n't much to loose by sendin in info now. Its just really unlikely to get approved now.
Title: Re: Amex Financial Review
Post by: dans fan on February 12, 2012, 04:05:02 PM
True

I dont think anyone is arguing in the fact that there is n't much to loose by sendin in info now. Its just really unlikely to get approved now.
he does
Sending in docs now will not only result in an almost sure denial, it can hurt the chances of him being approved in the near future as well, especially if its the FR department who is reviewing his app.
Title: Re: Amex Financial Review
Post by: Name Changed on February 12, 2012, 04:45:25 PM
he does

Even what AJK is saying that sending in documents now will make it harder to get on in the future... But once he has an income and could prove it, then he should be able to get on...
Title: Re: Earn miles/points with Amazon payments using a credit card
Post by: Shkop on February 17, 2012, 01:37:17 PM
Hi everyone.

I have been using amazon to accumulate points.
I got a call from amex that I have been using amazon for free cash advances which is against the rules. Now they want my tax returns and bank statements...\

has anyone dealt with this before...any info with how they work..what they are looking for....how it worked for you...

thanks
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: joeb1 on February 17, 2012, 01:40:10 PM
what? thats crazy? this is the first time ive ever heard of that!!!!!!!!!!!!!!!!!!!!!!!!!! ;)
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: joeb1 on February 17, 2012, 01:43:48 PM
excuse my sarcasm search "financial review" it will help you a drop
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: Saver2000 on February 17, 2012, 01:44:15 PM
Hi everyone.

I have been using amazon to accumulate points.
I got a call from amex that I have been using amazon for free cash advances which is against the rules. Now they want my tax returns and bank statements...\

has anyone dealt with this before...any info with how they work..what they are looking for....how it worked for you...

thanks

Welcome to the club! Its called a financial review.
http://forums.dansdeals.com/index.php?topic=8.0

what? thats crazy? this is the first time ive ever heard of that!!!!!!!!!!!!!!!!!!!!!!!!!! ;)

Be nice.  The poor n00b has no idea what he's in for.
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: bubbles on February 17, 2012, 01:51:46 PM
Hi everyone.

I have been using amazon to accumulate points.
I got a call from amex that I have been using amazon for free cash advances which is against the rules. Now they want my tax returns and bank statements...\

has anyone dealt with this before...any info with how they work..what they are looking for....how it worked for you...

thanks

how badly were you abusing it? how many accounts did you have and were you just making $1000 payments?
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: AsherO on February 17, 2012, 01:54:39 PM
how badly were you abusing it? how many accounts did you have and were you just making $1000 payments?

He's referring to an Amex F/R, not an Amazon one. Ostensibly he was doing $1k/month.

My guess is something else triggered the F/R and when the noticed the regular $1k AP purchases they figured he was advancing cash.
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: bubbles on February 17, 2012, 01:58:19 PM
He's referring to an Amex F/R, not an Amazon one. Ostensibly he was doing $1k/month.

I understand that. I wouldn't mind knowing though why he got singled out for the honor when I'm sure there are tons of people maxing out their $1000 AP every month. Perhaps he has multiple accounts all doing large payments and AMEX keyed in on the fact that there were numerous $1000 charges to AP each month

Edit:
My guess is something else triggered the F/R and when the noticed the regular $1k AP purchases they figured he was advancing cash.

Definitely a possibility but can't hurt to ask
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: AsherO on February 17, 2012, 02:01:47 PM
Edit:
Definitely a possibility but can't hurt to ask

I don't think Shkop would know what the triggers were. If $1k/monthly via AP was a trigger, you'd see many more reports of this (Ch"V).
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: bubbles on February 17, 2012, 02:02:40 PM
If $1k/monthly via AP was a trigger, you'd see many more reports of this (Ch"V).

Which is why I wanted to know if he was doing more than the norm
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: Shkop on February 17, 2012, 02:04:25 PM
If i send them in tax returns and bank statements which have me and my husbands name will they then f/r my husband too?

Does it pay to cancel my cards before they close mine?

Will I lose my points?  will my husband lose his starwoods points?
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: Shkop on February 17, 2012, 02:05:08 PM
I usually dont do more than 1k but I recently did more than that. Dumb move.
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: stever on February 17, 2012, 02:07:20 PM
what do u mean more than 1k, on a few accounts?
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: AsherO on February 17, 2012, 02:07:43 PM
Which is why I wanted to know if he was doing more than the norm

Fair enough.

If i send them in tax returns and bank statements which have me and my husbands name will they then f/r my husband too?

Does it pay to cancel my cards before they close mine?

Will I lose my points?  will my husband lose his starwoods points?

They might F/R your spouse regardless, or not...

If you know they'll close your cards it pays to cancel them, but it's hard to know for sure (when they know 100% they'll close, they don't typically give you a heads up).

You will have 90 days from account closure to redeem MR points. You might lose points that didn't post yet. Any points already transferred to a partner (e.g. SPG, DL, Hilton etc.) won't be lost.
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: Shkop on February 17, 2012, 02:10:09 PM
What do I gain by closing first? Either way it goes on the record, no?
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: AsherO on February 17, 2012, 02:14:32 PM
What do I gain by closing first? Either way it goes on the record, no?

It'll go on the record as closed by consumer's request, as opposed to closed by issuer which may be a red flag later on.

I have two 'closed by issuer' accounts, IIRC, but haven't applied since those got onto my report. Anyone have any experience with this?
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: Saver2000 on February 17, 2012, 02:33:31 PM
Mods, pleade fork over the last few posts to the FR thread.

AsherO and bubbles,  do mind continuing your conversation in the fr thread? Thanx
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: HelpMe on February 17, 2012, 02:40:31 PM
What do I gain by closing first? Either way it goes on the record, no?
The belief is if you close your cards before Amex does you will have a better chance to be approved when you apply for Amex again.
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: AsherO on February 17, 2012, 02:41:57 PM
The belief is if you close your cards before Amex does you will have a better chance to be approved when you apply for Amex again.

+1, but I'm not sure there's actually any truth to that belief.
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: HelpMe on February 17, 2012, 02:47:11 PM
+1, but I'm not sure there's actually any truth to that belief.
I do know of someone that was approved after closing his cards. It was like 6 months later but I am not exactly sure. I will see if I can find it somewhere. It is also possible even if he let Amex close the cards he still would have been approved.
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: AsherO on February 17, 2012, 02:49:03 PM
I do know of someone that was approved after closing his cards. It was like 6 months later but I am not exactly sure. I will see if I can find it somewhere. It is also possible even if he let Amex close the cards he still would have been approved.

Precisely my point, and what my F/R agent implied as well.
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: HelpMe on February 17, 2012, 02:52:40 PM
Precisely my point, and what my F/R agent implied as well.
There is one way you can find out or at least add another data point. Do you feel lucky?   :)
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: AsherO on February 17, 2012, 03:40:05 PM
There is one way you can find out or at least add another data point. Do you feel lucky?   :)

I'm planning an AOR in March/April and I don't want to disrupt that by applying now.
Title: Re: Re: Earn miles/points with Amazon payments using a credit card
Post by: Dan on February 17, 2012, 04:31:38 PM
The belief is if you close your cards before Amex does you will have a better chance to be approved when you apply for Amex again.
I tend to believe that as well.
Title: Re: Amex Financial Review
Post by: joey89 on February 17, 2012, 05:10:33 PM
I tend to believe that as well.
Any concrete reason for that belief?
Title: Re: Amex Financial Review
Post by: askmoses on February 18, 2012, 08:59:36 PM
I posted some on this topic after my own FR from Amex. I had to shut down 4 amex card before they would shut me down. Took two years of trying but I finally just got approved for my first amex since then. It did take me having to pay the IRS to send a 4506 original form to them(4506-T which is free wasn't good enough for the Amex Media Dept). They approved me on a much smaller line but at least I finally got my foot back in the door!
Title: Re: Amex Financial Review
Post by: AsherO on February 18, 2012, 09:01:18 PM
I posted some on this topic after my own FR from Amex. I had to shut down 4 amex card before they would shut me down. Took two years of trying but I finally just got approved for my first amex since then. It did take me having to pay the IRS to send a 4506 original form to them(4506-T which is free wasn't good enough for the Amex Media Dept). They approved me on a much smaller line but at least I finally got my foot back in the door!

Who? What? How?
Title: Re: Amex Financial Review
Post by: dans fan on February 18, 2012, 09:06:19 PM
Any concrete reason for that belief?
logic. as far as any other bank is concerned when they see that on your report they dont think it was bec you used amazon payments or added to many au or any other fry trig,  they see you as someone who was closed down = risk, it can be fraud related or any other reason  . evan when you reapply with amex they dont try to figure out y your were closed they just see you are not wanted as a customer
Title: Re: Amex Financial Review
Post by: dans fan on February 18, 2012, 09:08:03 PM
at least I finally got my foot back in the door!
they might make you go thru that again for each limb
Title: Re: Amex Financial Review
Post by: Shkop on February 18, 2012, 09:47:13 PM
Question:

You get F/rd. Dang.

They say; fork over bank stmnts and tax returns. Dang.

You don't think you will live through this..although who knows....

Do you:

Fork over info
Fork over info AND close accounts to prevent being closed by them
close accounts and NOT fork over info (why give them your life on file if you don't have to)

Point is, if you plan on closing the accounts anyhow, is there a reason to send them what they want or is it then irrelevant. I heard, if you do not send the info they will never again allow you to get an amex card but if they close your accounts then in a couple months you should be ok. If this is true then the best move may be to fork over info AND close accounts so they don't punish you eternally and it shows up that you closed it as apposed to them.

Any information (as opposed to speculation) is GREATLY appreciated
Title: Re: Amex Financial Review
Post by: Side incomer on February 18, 2012, 09:54:56 PM
Question:

You get F/rd. Dang.

They say; fork over bank stmnts and tax returns. Dang.

You don't think you will live through this..although who knows....

Do you:

Fork over info
Fork over info AND close accounts to prevent being closed by them
close accounts and NOT fork over info (why give them your life on file if you don't have to)

Point is, if you plan on closing the accounts anyhow, is there a reason to send them what they want or is it then irrelevant. I heard, if you do not send the info they will never again allow you to get an amex card but if they close your accounts then in a couple months you should be ok. If this is true then the best move may be to fork over info AND close accounts so they don't punish you eternally and it shows up that you closed it as apposed to them.

Any information (as opposed to speculation) is GREATLY appreciated
Answer:

Spoon (or: fork) over the 65 pages of this thread, and decide yourself.
Everybody has different experiences, and nobody has inside info to help you with your decision.
That's the purpose of a thread! ;)
Title: Re: Amex Financial Review
Post by: dans fan on February 18, 2012, 09:59:53 PM
Answer:

Spoon (or: fork) over the 65 pages of this thread, and decide yourself.
Everybody has different experiences, and nobody has inside info to help you with your decision.
That's the purpose of a thread! ;)
i think he wants to be forkfed
Title: Re: Amex Financial Review
Post by: Shkop on February 18, 2012, 10:23:46 PM
All joking aside...anyone with any ideas or suggestions?
Title: Re: Amex Financial Review
Post by: JEWDA on February 18, 2012, 10:37:24 PM
All joking aside...anyone with any ideas or suggestions?
Read ^
Title: Re: Amex Financial Review
Post by: askmoses on February 19, 2012, 02:00:46 AM
Who? What? How?
They have some department there called the media department. They are the ones whom I put down for the IRS to send the 4506 over to
Title: Re: Amex Financial Review
Post by: Name Changed on February 19, 2012, 08:53:17 AM
All joking aside...anyone with any ideas or suggestions?
Do you have document to match the info you told them?
Do you bank statements and tax return match the income you said you have?

If you dont "Fork" over the documents you deff are gonna get shut down, and you wont get back on until you "Fork" it to them.

IMHO if your documents match up then give it to them.
Title: Re: Amex Financial Review
Post by: Drago on February 19, 2012, 09:32:17 AM
Do you have document to match the info you told them?
Do you bank statements and tax return match the income you said you have?

If you dont "Fork" over the documents you deff are gonna get shut down, and you wont get back on until you "Fork" it to them.

IMHO if your documents match up then give it to them.

+1
My wife and I were FR'd a year or 2 ago, but since our income equaled what was stated, I sent e/t in.
In the end, they slapped lower CL's on our accounts, but e/t was reopened.
Title: Re: Amex Financial Review
Post by: Name Changed on February 19, 2012, 09:38:12 AM
+1
My wife and I were FR'd a year or 2 ago, but since our income equaled what was stated, I sent e/t in.
In the end, they slapped lower CL's on our accounts, but e/t was reopened.

I was FR'd a couple of years ago... I never sent in the info (cuz I dint have  ;)) My account was shut down... Every time I tried to re-apply they told me that I need to send in my tax return... I finally sent it in and got back on!!
Title: Re: Amex Financial Review
Post by: dans fan on February 20, 2012, 10:50:17 PM
I was FR'd a couple of years ago... I never sent in the info (cuz I dint have  ;)) My account was shut down... Every time I tried to re-apply they told me that I need to send in my tax return... I finally sent it in and got back on!!
do you mind sharing how much income was on the tax return? ( its about a tenth of you income)
Title: Re: Amex Financial Review
Post by: Name Changed on February 20, 2012, 11:18:51 PM
do you mind sharing how much income was on the tax return? ( its about a tenth of you income)
The income on my tax return matched what I put down on my application
Title: Re: Amex Financial Review
Post by: txtmax4 on February 22, 2012, 11:13:22 AM
A friend is asking: "What's the easiest way to cancel Amex during a F/R"? He says whenever he calls he gets the rep that's dealing with his case..
Title: Re: Amex Financial Review
Post by: AsherO on February 22, 2012, 11:15:50 AM
A friend is asking: "What's the easiest way to cancel Amex during a F/R"? He says whenever he calls he gets the rep that's dealing with his case..

Call from a different number, don't put in your Amex card #, refuse to get transferred, say/insist you spoke to F/R dept already and just want to close your accounts.

Worked for me.
Title: Re: Amex Financial Review
Post by: AJK on February 22, 2012, 11:26:56 AM
Easier to just SM. Simple and it works.
Title: Re: Amex F/R Master Thread
Post by: gozalim on February 27, 2012, 05:19:04 PM
crosspost
http://forums.dansdeals.com/index.php?topic=11859.msg191817#msg191817
Title: back to amex after an FR
Post by: aj26 on March 01, 2012, 01:12:02 PM
I had my amex accounts shut down last august after an FR since my tax returns had not yet been filed (I had an extention). They wouldn't take bank statements because the statement did not have my name on it. Unfortunately, I let them close down my accounts.
Now that I filed for 2011 I recently applied for Plat and Gold. They sent me a letter requesting I send in 4506 form to IRS. (its not the T form and is costing me $57 to IRS). I only reported 13K to IRS but put 30K on app since the other 17 is non-taxable. I know people who have survived an FR with only 6K on tax forms even though they reported 30K on app.
Should I try to push ahead with app for just one of teh cards or both. Anyone have any experience getting back into amex after an FR
Title: Re: back to amex after an FR
Post by: AJK on March 01, 2012, 01:12:56 PM
This should be posted in the AMEX FR thread.
Title: Re: back to amex after an FR
Post by: aj26 on March 01, 2012, 01:13:43 PM
oopps!
maybe a moderator can move it
Title: Re: Amex F/R Master Thread
Post by: Avid Reader on March 01, 2012, 08:00:45 PM
I had my amex accounts shut down last august after an FR since my tax returns had not yet been filed (I had an extention). They wouldn't take bank statements because the statement did not have my name on it. Unfortunately, I let them close down my accounts.
Now that I filed for 2011 I recently applied for Plat and Gold. They sent me a letter requesting I send in 4506 form to IRS. (its not the T form and is costing me $57 to IRS). I only reported 13K to IRS but put 30K on app since the other 17 is non-taxable. I know people who have survived an FR with only 6K on tax forms even though they reported 30K on app.
Should I try to push ahead with app for just one of teh cards or both. Anyone have any experience getting back into amex after an FR
I'd send them the info they're asking for and hope they accept.
Title: Re: Amex F/R Master Thread
Post by: Name Changed on March 02, 2012, 11:14:29 AM
I'd send them the info they're asking for and hope they accept.
+1

I had the same request from AMEX - 4506 ($57) I sent it in and got back on. I think they only ask for the 4506 is good enough to get approved they just wanna verify. Now in your vase that your amount on ur tax return doesnt match, you have a good explanation, so hope all works out for you
Title: Re: Amex F/R Master Thread
Post by: askmoses on March 04, 2012, 01:35:23 AM
+1

I had the same request from AMEX - 4506 ($57) I sent it in and got back on. I think they only ask for the 4506 is good enough to get approved they just wanna verify. Now in your vase that your amount on ur tax return doesnt match, you have a good explanation, so hope all works out for you
+1
Title: Re: Amex F/R Master Thread
Post by: njmacman on March 04, 2012, 06:47:11 PM
Amazon just shut me down in one of 4 accounts. I did this for a Chase card. Today I saw that the other $3000 charges disappeared from the Chase card. Am I fried?
Title: Re: Amex F/R Master Thread
Post by: Avid Reader on March 04, 2012, 06:52:17 PM
Amazon just shut me down in one of 4 accounts. I did this for a Chase card. Today I saw that the other $3000 charges disappeared from the Chase card. Am I fried?
Hopefully not. Sounds like an amazon problem, not AMEX. Try here: http://forums.dansdeals.com/index.php?topic=3524.0;topicseen
Title: Re: Amex F/R Master Thread
Post by: kivabb on March 15, 2012, 09:43:18 PM
My wife barely survived F/R. Her business card was taken from unlimited to 3K and her personal from 10K to 1K.  I guess I shouldn't complain.

Any point in keeping these open with such small CL or should I just close once I get spend bonuses and hopefully I'll apply again in 2 months, get sign up bonus and get hopefully higher credit line?
Title: Re: Amex F/R Master Thread
Post by: dans fan on March 15, 2012, 09:54:11 PM
My wife barely survived F/R. Her business card was taken from unlimited to 3K and her personal from 10K to 1K.  I guess I shouldn't complain.

Any point in keeping these open with such small CL or should I just close once I get spend bonuses and hopefully I'll apply again in 2 months, get sign up bonus and get hopefully higher credit line?
might get you fried again. passing one doesnt mean you will survive another
Title: Re: Amex F/R Master Thread
Post by: Name Changed on March 15, 2012, 09:56:00 PM
My wife barely survived F/R. Her business card was taken from unlimited to 3K and her personal from 10K to 1K.  I guess I shouldn't complain.

Any point in keeping these open with such small CL or should I just close once I get spend bonuses and hopefully I'll apply again in 2 months, get sign up bonus and get hopefully higher credit line?
might get you fried again. passing one doesnt mean you will survive another
+1

Also even i you re-apply you might not get any bigger of a new CL.

Keep both cards open and hopefully in a few months U'll get credit increases
Title: Re: Amex F/R Master Thread
Post by: Devorah on March 15, 2012, 11:04:16 PM
My wife barely survived F/R. Her business card was taken from unlimited to 3K and her personal from 10K to 1K.  I guess I shouldn't complain.

Any point in keeping these open with such small CL or should I just close once I get spend bonuses and hopefully I'll apply again in 2 months, get sign up bonus and get hopefully higher credit line?

I also had my limits cut after FR, but after a couple of months, got a letter that they were rescinding my limit on charge cards and my recent cards were approved with higher limits.
Title: Re: Amex F/R Master Thread
Post by: AJK on March 16, 2012, 12:19:14 AM
Also even i you re-apply you might not get any bigger of a new CL.

I'm not sure that's true... I don't imagine the people doing the F/R's are reviewing new apps... The only way that'd be true is if, somehow, they attach a flag/note to the social sec # (which I tend to doubt).
Title: Re: Amex F/R Master Thread
Post by: AsherO on March 16, 2012, 01:27:20 AM
I'm not sure that's true... I don't imagine the people doing the F/R's are reviewing new apps... The only way that'd be true is if, somehow, they attach a flag/note to the social sec # (which I tend to doubt).

You're suggesting that for someone who is F/R'd and have their accounts shut down, when they later apply for new Amex accounts it gets processed like any new applicant who wasn't F/R'd?
Title: Re: Amex F/R Master Thread
Post by: AJK on March 16, 2012, 01:29:57 AM
You're suggesting that for someone who is F/R'd and have their accounts shut down, when they later apply for new Amex accounts it gets processed like any new applicant who wasn't F/R'd?

Actually, no.

For those whose accounts got shut down, it would probably be naive to think they don't flag that to some degree (unfortunately). But hey, who knows?

I was talking about people who pass the F/R. But, of course, I have no inside info...
Title: Re: Amex F/R Master Thread
Post by: AsherO on March 16, 2012, 01:33:08 AM
Actually, no.

For those whose accounts got shut down, it would probably be naive to think they don't flag that to some degree (unfortunately). But hey, who knows?

I was talking about people who pass the F/R. But, of course, I have no inside info...

Ok, we're in agreement then.
Title: Re: Amex F/R Master Thread
Post by: Name Changed on March 16, 2012, 09:19:20 AM
I'm not sure that's true... I don't imagine the people doing the F/R's are reviewing new apps... The only way that'd be true is if, somehow, they attach a flag/note to the social sec # (which I tend to doubt).
The do attach a flag note.

I have Been FR'd and shut down. For 2 Years I couldn't get back on until I gave the IRS 4706 Form.

Then after I sent in the form, it took them too long to receive it, so they closed my app. I re-applied and they had it on file...

And I got approved!
Title: Re: Amex F/R Master Thread
Post by: AJK on March 16, 2012, 09:29:21 AM
The do attach a flag note.

I have Been FR'd and shut down. For 2 Years I couldn't get back on until I gave the IRS 4706 Form.

Then after I sent in the form, it took them too long to receive it, so they closed my app. I re-applied and they had it on file...

And I got approved!

For those whose accounts got shut down, it would probably be naive to think they don't flag that to some degree (unfortunately). But hey, who knows?

I was talking about people who pass the F/R. But, of course, I have no inside info...
Title: Re: Amex F/R Master Thread
Post by: josh nyc on March 16, 2012, 11:02:54 AM
My wife barely survived F/R. Her business card was taken from unlimited to 3K and her personal from 10K to 1K.  I guess I shouldn't complain.

Any point in keeping these open with such small CL or should I just close once I get spend bonuses and hopefully I'll apply again in 2 months, get sign up bonus and get hopefully higher credit line?

i got fried at the end of Dec. I tried to move cl from one card to another and then shut the card down. I was told by Amex credit that no limits or CLs can be changed/moved for 6 months bc there was an "adjustment by AMEX" and there's no movement allowed for 6 months (except for closing)...YMMV but I've heard from more than one person that after a fry your stuck for 6 months...ive been keeping super quiet w amex and hitting chase and citi until my 6 months pass
Title: Re: Amex F/R Master Thread
Post by: Dan on March 16, 2012, 11:15:38 AM
Guys its FR or FR'd.
They're not making donuts...
Title: Re: Amex F/R Master Thread
Post by: lcyitz on March 16, 2012, 11:44:18 AM
does an FR mess up your other accounts too ( chase, citi? ) or just amex?
Title: Re: Amex F/R Master Thread
Post by: Name Changed on March 16, 2012, 11:56:15 AM
does an FR mess up your other accounts too ( chase, citi? ) or just amex?
Just AMEX
Title: Re: Amex F/R Master Thread
Post by: HelpMe on March 16, 2012, 11:57:58 AM
Guys its FR or FR'd.
They're not making donuts...
Fried dough! Great idea since no meat today.
Title: Re: Amex F/R Master Thread
Post by: kivabb on March 16, 2012, 11:58:47 AM
Thanks for all your input. Will hang low for 6 months.
Title: Re: Amex F/R Master Thread
Post by: Dan on March 16, 2012, 12:01:13 PM
does an FR mess up your other accounts too ( chase, citi? ) or just amex?
Failing an F/R can affect anything.

Fried dough! Great idea since no meat today.
Strange because I smell brisket cooking.
Title: Re: Amex F/R Master Thread
Post by: lcyitz on March 16, 2012, 12:04:13 PM
Is there a way to pass if i don't have an income?

would saying "household" income  which  is including my parents help?
Title: Re: Amex F/R Master Thread
Post by: AJK on March 16, 2012, 12:05:56 PM
Is there a way to pass if i don't have an income?

would saying "household" income  which  is including my parents help?

Ha, "saying" doesn't work at the F/R stage. They want proof. Tax docs or bank account docs.
Title: Amex F/R Master Thread
Post by: lcyitz on March 16, 2012, 12:10:16 PM
So if I claim that I'm home and my household income is my parents income?

Meaning I send them my fathers tax papers.
Title: Re: Amex F/R Master Thread
Post by: AJK on March 16, 2012, 12:25:16 PM
So if I claim that I'm home and my household income is my parents income?

Meaning I send them my fathers tax papers.

Zero traction at the F/R stage.

(Though if you have a joint account with them with activity AND you can get AmEx to accept it, that may work.)
Title: Re: Amex F/R Master Thread
Post by: dans fan on March 16, 2012, 01:25:58 PM
Guys its FR or FR'd.
They're not making donuts...
well i got fried by them (at least thats the way i feel about it)
Title: Re: Amex F/R Master Thread
Post by: josh nyc on March 18, 2012, 07:08:24 PM
well i got fried by them (at least thats the way i feel about it)

+1 :) I was going to write the exact same thing
Title: Re: Amex F/R Master Thread
Post by: AsherO on March 18, 2012, 11:14:24 PM
Ha, "saying" doesn't work at the F/R stage. They want proof. Tax docs or bank account docs.

+1

Saying anything that isn't reflected in the docs they request will multiply your chances of account closure.
Title: Amex F/R Master Thread
Post by: lcyitz on March 18, 2012, 11:24:14 PM
So if I don't have an income and I get an FR ( chas v'sholom) I'm done?
Title: Re: Amex F/R Master Thread
Post by: AsherO on March 18, 2012, 11:35:07 PM
So if I don't have an income and I get an FR ( chas v'sholom) I'm done?

Unless you have significant assets and are able to convince them to accept that.
Title: Re: Amex F/R Master Thread
Post by: joey89 on March 19, 2012, 05:17:10 AM
Unless you have significant assets and are able to convince them to accept that.
-1.
 I survived (barely) with none of the above
Title: Re: Amex F/R Master Thread
Post by: Drago on March 19, 2012, 07:05:06 AM
-1.
 I survived (barely) with none of the above
But "barely" is the operative word.
Title: Re: Amex F/R Master Thread
Post by: AsherO on March 19, 2012, 07:23:12 AM
But "barely" is the operative word.

+1

YMMV on F\R, but it's all about how strict they are with you and which docs you can convince them to accept and then furnish those docs.
Title: Re: Amex F/R Master Thread
Post by: AJK on March 19, 2012, 09:05:12 AM
-1.
 I survived (barely) with none of the above

So you has no reportable income, no assets, you showed them nothing, and you survived?
Title: Re: Amex F/R Master Thread
Post by: Name Changed on March 19, 2012, 09:22:13 AM
-1.
 I survived (barely) with none of the above
Please explain
Title: Re: Amex F/R Master Thread
Post by: aj26 on March 19, 2012, 11:04:23 AM
/can i get a bank of america amex card if I was shut down by amex in an fr?
Title: Re: Amex F/R Master Thread
Post by: Name Changed on March 19, 2012, 11:47:33 AM
/can i get a bank of america amex card if I was shut down by amex in an fr?
Yes.

But you won't get the Amex Benifets.
Title: Re: Amex F/R Master Thread
Post by: aj26 on March 19, 2012, 11:52:34 AM
like what?
Will i still get the sign up bonus?
Title: Re: Amex F/R Master Thread
Post by: dans fan on March 19, 2012, 02:20:11 PM
+1

YMMV on F\R, but it's all about how strict they are with you and which docs you can convince them to accept and then furnish those docs.
strict depends on the rep and the reason you got flagged
Title: Re: Amex F/R Master Thread
Post by: joey89 on March 20, 2012, 04:20:49 PM
So you has no reportable income, no assets, you showed them nothing, and you survived?
Correct. with my SPG and my PLAT card intact, had to close PRG and Delta
I did show bank statements but nothing major on that front either
Title: Re: Amex F/R Master Thread
Post by: Name Changed on March 20, 2012, 04:25:43 PM
Correct. with my SPG and my PLAT card intact, had to close PRG and Delta
I did show bank statements but nothing major on that front either
I would have have a hard time believing that you actually had a financial review.
Title: Re: Amex F/R Master Thread
Post by: AJK on March 20, 2012, 04:31:42 PM
Correct. with my SPG and my PLAT card intact, had to close PRG and Delta
I did show bank statements but nothing major on that front either

So you has no reportable income, no assets, you showed them nothing, and you survived?

Correct. with my SPG and my PLAT card intact, had to close PRG and Delta
I did show bank statements but nothing major on that front either
Title: Re: Amex F/R Master Thread
Post by: joey89 on March 20, 2012, 04:34:33 PM
I would have have a hard time believing that you actually had a financial review.
I had f/r after putting a $6k charge on my plat. my accounts were frozen for 17 days. Sent in bank statements that had money in and out of the account, but not a high balance. And survived. If you don't want don't believe it
@ajk for the amount I had on my bank statements might as well have been nothing ;)
Title: Re: Amex F/R Master Thread
Post by: Name Changed on March 20, 2012, 04:39:58 PM
I had f/r after putting a $6k charge on my plat. my accounts were frozen for 17 days. Sent in bank statements that had money in and out of the account, but not a high balance. And survived. If you don't want don't believe it
@ajk for the amount I had on my bank statements might as well have been nothing ;)
I believe you.

You are a lucky fellow.
Title: Re: Amex F/R Master Thread
Post by: meshugener on March 20, 2012, 04:40:10 PM
I would suggest you had a fraud alert to clear, not a financial review.
Title: Re: Amex F/R Master Thread
Post by: joey89 on March 20, 2012, 04:49:05 PM
I believe you.

You are a lucky fellow.
You can say that again :D
I would suggest you had a fraud alert to clear, not a financial review.
Fraud alerts don't demand bank statements. And I dealt with the f/r departement
Title: Re: Amex F/R Master Thread
Post by: meshugener on March 20, 2012, 04:51:45 PM
I was once required to send bank statement to amex for fraud alert. But it was for a new acc, so I don't know if its a comparison.
Title: Re: Amex F/R Master Thread
Post by: lcyitz on March 20, 2012, 05:56:31 PM
Can venmo cause an F/R ?
Title: Re: Amex F/R Master Thread
Post by: AJK on March 20, 2012, 07:20:33 PM
Can venmo cause an F/R ?

Definitely possible.
Title: Re: Amex F/R Master Thread
Post by: HelpMe on March 20, 2012, 07:25:37 PM
Can venmo cause an F/R ?
Almost anything can cause a FR with Amex. There is no pattern with Venmo causing this.
Title: Re: Amex F/R Master Thread
Post by: lcyitz on March 20, 2012, 07:48:48 PM
Did anyone here get an F/R for sending almost 2000 per month?
Title: Re: Amex F/R Master Thread
Post by: elikay on March 20, 2012, 11:10:27 PM

http://wiki.dansdeals.com/AMEX_FR_TRIGGER_LIST
Depending on your specifics, it may be considered unusual spending.
Title: Re: Amex F/R Master Thread
Post by: daganster on March 31, 2012, 10:28:46 PM
Did anyone here get an F/R for sending almost 2000 per month?
My wife got FR for spending 2k 2 years ago. My guess is that she was FR because she only had a 2k limit on her card.
Title: Re: Amex F/R Master Thread
Post by: kivabb on April 02, 2012, 10:12:50 PM
My wife seemingly survived the FR. We got an email saying her CL was lowered to practically nill but no accounts closed. That was over 4 weeks ago and accounts still on hold. Is it normal to take so long to get turned back on? I wouldn't care so much but her time is ticking to do $10K spend to get 75K MR points and we're running out of time. Should she call up or will I be waking up the dead?
Title: Re: Amex F/R Master Thread
Post by: Dan on April 02, 2012, 10:20:38 PM
Call
Title: Re: Amex F/R Master Thread
Post by: dans fan on April 02, 2012, 10:51:49 PM
My wife seemingly survived the FR. We got an email saying her CL was lowered to practically nill but no accounts closed. That was over 4 weeks ago and accounts still on hold. Is it normal to take so long to get turned back on? I wouldn't care so much but her time is ticking to do $10K spend to get 75K MR points and we're running out of time. Should she call up or will I be waking up the dead?
its common to forget to reinstate the account. its common to get a fraud alert after fry
Title: Re: Amex F/R Master Thread
Post by: elikay on April 03, 2012, 02:26:24 AM
This fry thing gets on my nerves, it is FR and FRed not fry and fried!
Title: Re: Amex F/R Master Thread
Post by: Dan on April 03, 2012, 02:27:53 AM
This fry thing gets on my nerves, it is FR and FRed not fry and fried!
+1,000
Title: Re: Amex F/R Master Thread
Post by: AJK on April 03, 2012, 10:28:43 AM
This fry thing gets on my nerves, it is FR and FRed not fry and fried!

Maybe so, but for those people that have BEEN FR'd it certainly feel like you're getting fried. Period.
Title: Re: Amex F/R Master Thread
Post by: meshugener on April 03, 2012, 11:21:36 AM
And its also pretty cute to call it fried. Dono why you guys are so serious.
Title: Re: Amex F/R Master Thread
Post by: Drago on April 03, 2012, 03:25:28 PM
And its also pretty cute to call it fried. Dono why you guys are so serious.

This is a serious forum
Title: Re: Amex F/R Master Thread
Post by: YudiG on April 03, 2012, 03:31:43 PM
my wife and I got FR'd last year around this time from Amex and instead of sending in the tax info which wouldn't have showed much income (students) we just shut down our accounts before they did...

we've held back from applying for any amex cards since then though we are authorized users on a plat account and use those cards...i'm also the account manager if that makes a difference..

now, my wife got an invite from amex spg for 20k after spending $500 in 3 months plus 1k for adding additional user...it took only 30 seconds to fill out the short application...

should we try and send it in by mail or just keep waiting? should we apply online instead? 21k spg would be nice!

i just don't want to apply and then get into another FR...last time they went after my father at the same address following our FR though he had no issue whatsoever and passed with flying colors...

TIA 
Title: Re: Amex F/R Master Thread
Post by: aj26 on April 03, 2012, 03:45:57 PM
You have nothing to lose. They might ask for your tax returns. It'll cost you $57 bucks at the irs and it's a very drawn out process getting back in. But it may be since you shut down the cards you'll have no problem. There is only really one way to find out and nows as good a time as ever
Title: Re: Amex F/R Master Thread
Post by: AsherO on April 03, 2012, 04:08:46 PM
Maybe so, but for those people that have BEEN FR'd it certainly feel like you're getting fried. Period.

Fried? Personally I'd use a different F-word, one with four letters...
Title: Re: Amex F/R Master Thread
Post by: myb821 on April 03, 2012, 04:18:26 PM
Fried? Personally I'd use a different F-word, one with four letters...
haha when are u gonna try and apply for a new card?
Title: Re: Amex F/R Master Thread
Post by: Dan on April 03, 2012, 04:42:32 PM
my wife and I got FR'd last year around this time from Amex and instead of sending in the tax info which wouldn't have showed much income (students) we just shut down our accounts before they did...

we've held back from applying for any amex cards since then though we are authorized users on a plat account and use those cards...i'm also the account manager if that makes a difference..

now, my wife got an invite from amex spg for 20k after spending $500 in 3 months plus 1k for adding additional user...it took only 30 seconds to fill out the short application...

should we try and send it in by mail or just keep waiting? should we apply online instead? 21k spg would be nice!

i just don't want to apply and then get into another FR...last time they went after my father at the same address following our FR though he had no issue whatsoever and passed with flying colors...

TIA 
Is 20K SPG for $500 spend much better than 25K for $5,000 spend?
Title: Re: Amex F/R Master Thread
Post by: AJK on April 03, 2012, 05:15:19 PM
Fried? Personally I'd use a different F-word, one with four letters...

Potato, potahto :)

Both are rather unpleasant feelings.
Title: Re: Amex F/R Master Thread
Post by: YudiG on April 03, 2012, 11:59:46 PM
Is 20K SPG for $500 spend much better than 25K for $5,000 spend?

not necessarily though here she received an invite so perhaps there is a greater chance for approval considering our history...your advice?

it's also 21k as she gets 1k for adding additional user...

thanks!
Title: Re: Amex F/R Master Thread
Post by: dans fan on April 04, 2012, 12:03:59 AM
my wife and I got FR'd last year around this time from Amex and instead of sending in the tax info which wouldn't have showed much income (students) we just shut down our accounts before they did...

we've held back from applying for any amex cards since then though we are authorized users on a plat account and use those cards...i'm also the account manager if that makes a difference..

now, my wife got an invite from amex spg for 20k after spending $500 in 3 months plus 1k for adding additional user...it took only 30 seconds to fill out the short application...

should we try and send it in by mail or just keep waiting? should we apply online instead? 21k spg would be nice!

i just don't want to apply and then get into another FR...last time they went after my father at the same address following our FR though he had no issue whatsoever and passed with flying colors...

TIA 
highly doubt you will get approved without tax return. imo no dif between online or by mail (i think by mail you get instant decesion). to late now but its harder to get back on than it is to pass a fr or fry or f..
You have nothing to lose. They might ask for your tax returns. It'll cost you $57 bucks at the irs and it's a very drawn out process getting back in. But it may be since you shut down the cards you'll have no problem. There is only really one way to find out and nows as good a time as ever
a pull from cra
Is 20K SPG for $500 spend much better than 25K for $5,000 spend?
not all can spend 5k
not necessarily though here she received an invite so perhaps there is a greater chance for approval considering our history...your advice?

i dont find the invite making any dif
Title: Re: Amex F/R Master Thread
Post by: gozalim on April 04, 2012, 12:41:13 AM
Potato, potahto :)

Both are rather unpleasant feelings.
really?
Title: Re: Amex F/R Master Thread
Post by: AJK on April 04, 2012, 10:50:47 AM
really?

 ???

They are last time I checked, yes.
Title: Re: Amex F/R Master Thread
Post by: PETERP on April 04, 2012, 02:37:32 PM
highly doubt you will get approved without tax return. imo no dif between online or by mail (i think by mail you get instant decesion). to late now but its harder to get back on than it is to pass a fr or fry or f.. a pull from cranot all can spend 5ki dont find the invite making any dif


    I am in awe of you guys, who don't care $5000 spend versus $500 spend. Is it  really that easy
via Venmo or AMZN payments . Time and risk involved ?
Title: Re: Amex F/R Master Thread
Post by: bitbythedog on April 05, 2012, 12:10:13 AM
I have read through most of this thread, if anyone can share their experience i would be most grateful.
I got a call today from the FR dept, asking to verify charges, specifically Venmo (made 2K of payments @end of march and was planning on doing another 2k in april. i got in before the march 17 deadline.) she then verified employment and some other stuff and let me know that the my accounts will be frozen untill i can 'bank verify' funds and accounts. So she emailed some form that i have to have my bank fill out verifying that i have $ in accounts.
Im not worried about the bank part i have plenny of $ in accounts. I am worried about the IRS form though.
Has anyone been hit with the IRS request form after you ok'd these bank account forms ?
TNX
Title: Re: Amex F/R Master Thread
Post by: AJK on April 05, 2012, 09:57:42 AM
I have read through most of this thread, if anyone can share their experience i would be most grateful.
I got a call today from the FR dept, asking to verify charges, specifically Venmo (made 2K of payments @end of march and was planning on doing another 2k in april. i got in before the march 17 deadline.) she then verified employment and some other stuff and let me know that the my accounts will be frozen untill i can 'bank verify' funds and accounts. So she emailed some form that i have to have my bank fill out verifying that i have $ in accounts.
Im not worried about the bank part i have plenny of $ in accounts. I am worried about the IRS form though.
Has anyone been hit with the IRS request form after you ok'd these bank account forms ?
TNX

Sounds more like a "mini (http://forums.dansdeals.com/index.php?topic=3524.msg124830;topicseen#msg124830) - FR (http://forums.dansdeals.com/index.php?topic=3524.msg168507#msg168507)" than a full-blown one. However, even if it is full blown, if all she is asking for is bank account information, then send it to her if you want. Hopefully, she'll be satiated with that.

If she then follows up with a 4506 request, then you'll have to make a decision whether to go forward or simply close your accounts preemptively.
Title: Re: Amex F/R Master Thread
Post by: Yeki89 on April 05, 2012, 05:41:06 PM
I opened a starwoods card for my wife, anyway I called to activate it and they heard a man voice on a womans account. Anyways they told me that the account cant be activated, and i need to fill out a 4506-T form.
I did and they called back it wasnt filled out right..... I sent it in again and they called me back after 4 days that the account is fine.
Such a royal pain!
i didnt lie about the salary.
Title: Re: Amex F/R Master Thread
Post by: Drago on April 05, 2012, 06:10:33 PM
I opened a starwoods card for my wife, anyway I called to activate it and they heard a man voice on a womans account.

When I call for the mrs, I often mispronounce part of her name, and it gives an almost black-male sounding name. Seems to work.
Title: Re: Amex F/R Master Thread
Post by: jack12 on April 06, 2012, 12:49:33 PM
When I call for the mrs, I often mispronounce part of her name, and it gives an almost black-male sounding name. Seems to work.

Care to share the mispronunciation? just curios...
Title: Re: Amex F/R Master Thread
Post by: sky121 on April 06, 2012, 12:54:57 PM
Best name for a girl  I have to deal with in my family? Michal.
Makes life so much easier. If anything she has problems when she calls for herself. :)
Title: Re: Amex F/R Master Thread
Post by: bubkiz on April 06, 2012, 03:06:07 PM
I opened a starwoods card for my wife, anyway I called to activate it and they heard a man voice on a womans account. Anyways they told me that the account cant be activated, and i need to fill out a 4506-T form.
I did and they called back it wasnt filled out right..... I sent it in again and they called me back after 4 days that the account is fine.
Such a royal pain!
i didnt lie about the salary.
For future calls you can have her add you on as as "account manager" which will authorize you to handle the account even when she's not around to consent.
Title: Re: Amex F/R Master Thread
Post by: aj26 on April 11, 2012, 07:21:50 PM
Just recieved 2nd fr yesterday. First was from august. It was from charging 11K on my bcp card in one month. Anyway, reported 35k of income when I applied but they are asking for tax returns from 2010 where I only reported around 6k. Does anyone have any experience as to whether I'll make it through? Don't mind if I have low credit limit, just want to keep cards open
Title: Re: Amex F/R Master Thread
Post by: Saver2000 on April 11, 2012, 07:39:14 PM
Just recieved 2nd fr yesterday. First was from august. It was from charging 11K on my bcp card in one month. Anyway, reported 35k of income when I applied but they are asking for tax returns from 2010 where I only reported around 6k. Does anyone have any experience as to whether I'll make it through? Don't mind if I have low credit limit, just want to keep cards open

Why don't you tell them that you once got reviewed already and you passed. Btw the trigger that you noted in your post - that was from the first FR or the second?
Title: Re: Amex F/R Master Thread
Post by: aj26 on April 11, 2012, 07:53:47 PM
The first, I got them to only require bank statements because taxes weren't filed yet. Trigger for 1st fr was additional cards for 10K MR points per card (which I got thankfully). Trigger for 2nd was 11K spend on a card with a 2K spending limit
Title: Re: Amex F/R Master Thread
Post by: Name Changed on April 11, 2012, 07:53:53 PM
Why don't you tell them that you once got reviewed already and you passed. Btw the trigger that you noted in your post - that was from the first FR or the second?
Telling them that prob won't help.

I have just got back on 4 months ago, after my accounts were shut down for 2 years. I had to pay $57 to request my 2010 tax return to be sent to them...

I have just got approved for the Business Gold card, and 2 days ago I got an email that my accounts are suspended (FR). I called them, they told me they need to update my account info, and they need me to send in the 4506-T requesting my 2010 tax return from the IRS. I been on the phone with them for a long time - saying that they have they should have that on file from me already...

I don't know if its the spending I did on my current card or the new business card that triggered it, but I hope it all works out fine. As All the info I put on my app is legit, and matches up with my tax return, and my bank statements...

At least it happened now over Yom Tov, when I don't need to use the cards as much :)

Title: Re: Amex F/R Master Thread
Post by: compddd on April 11, 2012, 09:53:44 PM
Telling them that prob won't help.

I have just got back on 4 months ago, after my accounts were shut down for 2 years. I had to pay $57 to request my 2010 tax return to be sent to them...

I have just got approved for the Business Gold card, and 2 days ago I got an email that my accounts are suspended (FR). I called them, they told me they need to update my account info, and they need me to send in the 4506-T requesting my 2010 tax return from the IRS. I been on the phone with them for a long time - saying that they have they should have that on file from me already...

I don't know if its the spending I did on my current card or the new business card that triggered it, but I hope it all works out fine. As All the info I put on my app is legit, and matches up with my tax return, and my bank statements...

At least it happened now over Yom Tov, when I don't need to use the cards as much :)

You must of charged a lot really fast to get FRed again?
Title: Re: Amex F/R Master Thread
Post by: Name Changed on April 11, 2012, 10:14:24 PM
You must of charged a lot really fast to get FRed again?
I spent about 10k+ monthly I never went much over my CL, as I paid a few times monthly... But I am not sure if that's what triggered it. I really think it was the new account.
Title: Re: Amex F/R Master Thread
Post by: Dan on April 11, 2012, 10:17:24 PM
Opening a business gold can actually be an FR trigger for some reason.
Title: Re: Amex F/R Master Thread
Post by: Name Changed on April 11, 2012, 10:22:20 PM
Opening a business gold can actually be an FR trigger for some reason.
The reason why I think its what triggered it, is - I didnt get an instant approval, and when I called to check the status the rep told me I will be receiving a letter for the 4506-T ...

But, it wasn't until a few days later that my current Amex account got suspended

Title: Re: Amex F/R Master Thread
Post by: Drago on April 12, 2012, 10:54:49 AM
I spent about 10k+ monthly I never went much over my CL, as I paid a few times monthly... But I am not sure if that's what triggered it. I really think it was the new account.

It's thought that paying multiple times during billing cycle causes a Chase A/A.
Title: Re: Amex F/R Master Thread
Post by: AJK on April 12, 2012, 10:58:48 AM
It's thought that paying multiple times during billing cycle causes a Chase A/A.

This thread is about AmEx.

Secondly, I believe the widespread consensus is that churning a CL is better than prepaying your CL as far as FR goes.
Title: Re: Amex F/R Master Thread
Post by: Name Changed on April 12, 2012, 11:06:53 AM
This thread is about AmEx.

Secondly, I believe the widespread consensus is that churning a CL is better than prepaying your CL as far as FR goes.
What about paying multiple times a month? I usually max my CL and pay up part, I do this a few times monthly.

I know it prob isnt the smartest thing...
Title: Re: Amex F/R Master Thread
Post by: AJK on April 12, 2012, 11:12:51 AM
What about paying multiple times a month? I usually max my CL and pay up part, I do this a few times monthly.

I know it prob isnt the smartest thing...

That's what I mean by churning your CL. You effectively can turn a 10k CL into ???k CL by charging, paying, charging, paying, etc.
Title: Re: Amex F/R Master Thread
Post by: Dan on April 12, 2012, 11:13:24 AM
Using more than 50% of your CL is an F/R trigger.
Title: Re: Amex F/R Master Thread
Post by: Name Changed on April 12, 2012, 11:19:36 AM
Using more than 50% of your CL is an F/R trigger.
Is pre-paying in middle of the month a FR Trigger?
Title: Re: Amex F/R Master Thread
Post by: joeb1 on April 12, 2012, 11:22:33 AM
supposedly
Title: Re: Amex F/R Master Thread
Post by: elikay on April 12, 2012, 12:13:56 PM
Prepaying is, paying down balance shouldn't be.
Title: Re: Amex F/R Master Thread
Post by: Name Changed on April 16, 2012, 08:34:05 PM
Opening a business gold can actually be an FR trigger for some reason.
Just an update on my most recent FR - I sent in the 4506-T, I spoke with them, they said the reason for the FR was they need to verify income for the new Business Gold card...

Based on my 2010 personal tax return they capped the credit limit to 3K :( I tried telling them that the 2010 info is my personal, and its 2 years old ... Bla Bla Bla ... Nothing doing

Title: Re: Amex F/R Master Thread
Post by: Saver2000 on April 16, 2012, 08:39:44 PM
Just an update on my most recent FR - I sent in the 4506-T, I spoke with them, they said the reason for the FR was they need to verify income for the new Business Gold card...

Based on my 2010 personal tax return they capped the credit limit to 3K :( I tried telling them that the 2010 info is my personal, and its 2 years old ... Bla Bla Bla ... Nothing doing

 :( :(
Did it affect your other amex cards?
Title: Re: Amex F/R Master Thread
Post by: Name Changed on April 16, 2012, 08:47:47 PM
:( :(
Did it affect your other amex cards?
We'll during the FR my other account was suspended, but they aren't lowering the CL

I find it really pathetic - I opened the Buss card cuz I need the business spending ability ... I dont see why they would open a business card with such a low CL
Title: Re: Amex F/R Master Thread
Post by: Walk On the Ocean on April 16, 2012, 10:16:23 PM
Just an update on my most recent FR - I sent in the 4506-T, I spoke with them, they said the reason for the FR was they need to verify income for the new Business Gold card...

Based on my 2010 personal tax return they capped the credit limit to 3K :( I tried telling them that the 2010 info is my personal, and its 2 years old ... Bla Bla Bla ... Nothing doing
Why the sad face? Isn't it good that your cards weren't shut down? BTW in a few months i'm sure you won't have a problem asking them to raise the limits. Annoying i know, but it could be worse, no?
Title: Re: Amex F/R Master Thread
Post by: Name Changed on April 16, 2012, 10:29:31 PM
Why the sad face? Isn't it good that your cards weren't shut down? BTW in a few months i'm sure you won't have a problem asking them to raise the limits. Annoying i know, but it could be worse, no?
I know, just its annoying. If you read my previous post - My account was shut down a few years ago, and I just got back on a few months, and I had to send in my tax returns (pay $57) I didn't think I would get shut down now...
Title: Re: Amex F/R Master Thread
Post by: Drago on April 17, 2012, 01:01:19 AM
I find it really pathetic - I opened the Buss card cuz I need the business spending ability ... I dont see why they would open a business card with such a low CL
You really wanted it for the spend, and not for the generous sign up bonus?
:)
Title: Re: Amex F/R Master Thread
Post by: Name Changed on April 17, 2012, 08:04:15 AM
You really wanted it for the spend, and not for the generous sign up bonus?
:)
Believe it or not - I didnt get any sign up bonus, currently the only bonuses are targeted offers...

Its worth for me to have for 2x points on shipping, and the 5% Fedex discount

I spend a lot monthly, and I need a high CL. I opened a INK Bold, they started me with 10K and upped me to 15K
Title: Amex F/R Master Thread
Post by: bubbles on April 17, 2012, 08:31:36 AM

I spend a lot monthly, and I need a high CL. I opened a INK Bold, they started me with 10K and upped me to 15K

I'd imagine youd get upped again. they started me with 3.5k and around 4 months later they told me I have access to 75k
Title: Re: Amex F/R Master Thread
Post by: Name Changed on April 17, 2012, 08:34:34 AM
I'd imagine youd get upped again. they started me with 3.5k and around 4 months later they told me I have access to 75k
Are you referring to Chase?

I need the CL with Amex, as I want to use MR Mall for a lot of spending...
Title: Amex F/R Master Thread
Post by: bubbles on April 17, 2012, 08:40:03 AM
Are you referring to Chase?

I need the CL with Amex, as I want to use MR Mall for a lot of spending...

Ya I'm talking about chase.

No experience with the MR mall personally. Anyone know if he can use his IB and still get the points like by the UR mall?
Title: Re: Amex F/R Master Thread
Post by: Drago on April 17, 2012, 09:15:31 AM
Ya I'm talking about chase.

No experience with the MR mall personally. Anyone know if he can use his IB and still get the points like by the UR mall?

Yes, it appears that all cc's will work through the UR mall anyhow
Title: Re: Amex F/R Master Thread
Post by: Name Changed on April 17, 2012, 09:16:16 AM
Yes, it appears that all cc's will work through the UR mall anyhow
The Q' is what about MR Mall?
Title: Re: Amex F/R Master Thread
Post by: Drago on April 17, 2012, 09:19:58 AM
The Q' is what about MR Mall?

My bad. That I don't know.
Title: Re: Amex F/R Master Thread
Post by: moto on April 17, 2012, 09:27:46 AM
I have a Amex Starwood credit card now fit over 3 months can I use Amazon payments and if yes how much money should I charge to my card so I don't get f/r
Title: Re: Amex F/R Master Thread
Post by: Drago on April 17, 2012, 09:37:27 AM
I have a Amex Starwood credit card now fit over 3 months can I use Amazon payments and if yes how much money should I charge to my card so I don't get f/r
There is no set amount. It appears to raise flags, but it doesn't guarantee a trigger.
If you do it, use moderation.
Title: Re: Amex F/R Master Thread
Post by: aj26 on April 18, 2012, 12:42:32 PM
Well, they got me on the second FR and closed down my accounts.
Anyone know how I might be able to get the $1000+ in rewards dollars that were about to be posted to my bcp card
Title: Re: Amex F/R Master Thread
Post by: Drago on April 18, 2012, 02:15:57 PM
Well, they got me on the second FR and closed down my accounts.
Anyone know how I might be able to get the $1000+ in rewards dollars that were about to be posted to my bcp card
How did they get you on your second, and not first?
Weren't all the income figures the same?
Title: Re: Amex F/R Master Thread
Post by: aj26 on April 18, 2012, 03:11:19 PM
1st time- bank statements
2nd time- irs forms
Title: Re: Amex F/R Master Thread
Post by: Name Changed on April 18, 2012, 03:22:05 PM
1st time- bank statements
2nd time- irs forms
Why did you end givin the info to get ur tax returns ... didn't you tell them you didn't file?
Title: Re: Amex F/R Master Thread
Post by: aj26 on April 18, 2012, 03:31:01 PM
Why did you end givin the info to get ur tax returns ... didn't you tell them you didn't file?

??
Title: Re: Amex F/R Master Thread
Post by: Name Changed on April 18, 2012, 03:34:11 PM
??
My bad, I'm mixing you up with someone else
Title: Re: Amex F/R Master Thread
Post by: aj26 on April 18, 2012, 07:21:16 PM
Anyone with any ideas of how to get my reward dollars back?
Title: Re: Amex F/R Master Thread
Post by: Avid Reader on April 18, 2012, 09:00:16 PM
Anyone with any ideas of how to get my reward dollars back?
Did you ask them?
Title: Re: Amex F/R Master Thread
Post by: aj26 on April 18, 2012, 09:18:08 PM
They said once the account is closed, you lose all rewards. It is even harder because these rewards haven't even posted yet
Title: Re: Amex F/R Master Thread
Post by: meshugener on May 01, 2012, 01:59:39 PM
Prrrrrrrrr!!! Now's my turn!              How about, Dan, you add a poll to this thread, the same you did on the Chase A/A thread?
Title: Re: Amex F/R Master Thread
Post by: Dan on May 01, 2012, 02:03:11 PM
What should the options be?

I can think of:
-Never.
-Once and passed.
-Multiple Times and passed.
-Once and got shut down.
-Multiple Times and shut down.
-Shut down and then reopened.
Title: Re: Amex F/R Master Thread
Post by: Ergel on May 01, 2012, 02:08:20 PM
Credit lines cut?
Title: Re: Amex F/R Master Thread
Post by: Name Changed on May 01, 2012, 02:08:46 PM
What should the options be?

I can think of:
-Never.
-Once and passed.
-Multiple Times and passed.
-Once and got shut down.
-Multiple Times and shut down.
-Shut down and then reopened.
Also - Multiple times, Shut down, Passed
Credit lines cut?
+1
Title: Re: Amex F/R Master Thread
Post by: AJK on May 01, 2012, 02:09:55 PM
Also, passed with 4506 or passed with bank statements.
Title: Re: Amex F/R Master Thread
Post by: Dan on May 01, 2012, 02:10:24 PM
-Never.
-Once and passed without credit lines cut.
-Once and passed with credit lines cut.
-Multiple Times and passed without credit lines cut.
-Multiple Times and passed with credit lines cut.
-Once and got shut down.
-Multiple Times and shut down on at least one occasion.
-Shut down but then reopened.
Title: Re: Amex F/R Master Thread
Post by: Dan on May 01, 2012, 02:10:47 PM
Also, passed with 4506 or passed with bank statements.
Seems like that would be hard to incorporate.
Title: Re: Amex F/R Master Thread
Post by: AJK on May 01, 2012, 02:11:07 PM
Seems like that would be hard to incorporate.

Yeah, based on your last post, I'd agree. Too bad.
Title: Re: Amex F/R Master Thread
Post by: Name Changed on May 01, 2012, 02:15:04 PM
Seems like that would be hard to incorporate.
True, and with so many different various the poll wont give much useful data

Unless it could be broke down to 3 or 4 variations max
Title: Re: Amex F/R Master Thread
Post by: Dan on May 01, 2012, 02:20:40 PM
-Never.
-Once and passed without credit lines cut.
-Once and passed with credit lines cut.
-Multiple Times and passed without credit lines cut.
-Multiple Times and passed with credit lines cut.
-Once and got shut down.
-Multiple Times and shut down on at least one occasion.
-Shut down but then reopened.
So should I put this up? Any other changes?
Title: Re: Amex F/R Master Thread
Post by: meshugener on May 01, 2012, 02:22:04 PM
And to make it more complicated: form 4506 ($50) or form 4506-T (free).
Title: Re: Amex F/R Master Thread
Post by: TC610 on May 01, 2012, 02:42:27 PM
What about "Mini-FR"s?
Title: Re: Amex F/R Master Thread
Post by: Dan on May 01, 2012, 02:53:09 PM
What about "Mini-FR"s?
If you don't need to send in docs it's not an F/R IMHO.
Title: Re: Amex F/R Master Thread
Post by: HelpMe on May 01, 2012, 03:11:37 PM
For the pass/no pass of a FR it will be meaningless unless we know if they were straightforward on the application.
Title: Re: Amex F/R Master Thread
Post by: meshugener on May 01, 2012, 03:21:18 PM
Right point!
Title: Re: Amex F/R Master Thread
Post by: Name Changed on May 01, 2012, 03:27:11 PM
I dont see a point in this poll.

It wont show a point. There are too many variations and causes. I dont think there is a comparison to the Chase A/A poll which basically just is showing if people got A/A and if they got their account and/or points back.
Title: Re: Amex F/R Master Thread
Post by: AsherO on May 01, 2012, 03:30:28 PM
It wont show a point. There are too many variations and causes. I dont think there is a comparison to the Chase A/A poll which basically just is showing if people got A/A and if they got their account and/or points back.

+1
Title: Re: Amex F/R Master Thread
Post by: Drago on May 01, 2012, 03:33:29 PM
How about simply:
Survived
Lost cards
CL cut
Never had
Title: Re: Amex F/R Master Thread
Post by: meshugener on May 02, 2012, 02:17:49 PM
Funny question: Anyone here counts food stamps or any other kind of public assistance as income?
Title: Re: Amex F/R Master Thread
Post by: 18seagate on May 03, 2012, 03:37:59 PM
what is a cancellation review just got a f/r and they wanted bank statements and pay stubs i told  them that i only could provide bank statements cuz i  work on commission so i don't get pay-stubs  and just started working so never had to file taxes before, so the lady said if it don't provide some type of proof of income their going to start a  cancellation review by my deadline? any ideas should i cancel my card?
Title: Amex F/R Master Thread
Post by: Name Changed on May 03, 2012, 03:42:24 PM
If you won't be able show them what they want and they cancel your cards it will be hard to get back one...

The question here is if you have enough to prove with bank statements to show enough income to convince then not to cancel you

Title: Re: Amex F/R Master Thread
Post by: 18seagate on May 03, 2012, 03:43:55 PM
and if i cancel will it be hard to get back one?
Title: Re: Amex F/R Master Thread
Post by: Name Changed on May 03, 2012, 07:33:17 PM
and if i cancel will it be hard to get back one?
I dont know exactly. But as per this thread people have wrote that it is better to shut down yourself than have Amex shut you down
Title: Re: Amex F/R Master Thread
Post by: 18seagate on May 03, 2012, 08:18:59 PM
is there anyway i can get them to be happy with just my bank statements? cuz i didnt even do the spending on the card to get the bonus
Title: Re: Amex F/R Master Thread
Post by: Name Changed on May 03, 2012, 08:37:16 PM
is there anyway i can get them to be happy with just my bank statements? cuz i didnt even do the spending on the card to get the bonus
Some people has success by just giving in their bank statements ... but there is no guarantee

 
Title: Re: Amex F/R Master Thread
Post by: AJK on May 03, 2012, 09:24:47 PM
The only way they will take only bank statements is if you convince them to take only bank statements.

You can't just send in bank statements when they ask for 4506 and hope that will quell the uprising...

And AFAIK, the only benefit to preemptively closing your accounts before AmEx does is so that your CR is not littered with "Closed by Issuer" notations (thought to disincline future creditors from extending credit).
Title: Re: Amex F/R Master Thread
Post by: 18seagate on May 03, 2012, 10:21:47 PM
in beginging i convinced them that i could just give in my bank statements but than a couple of days later they said they cant contiue the f/r without some type of proof of income?
Title: Re: Amex F/R Master Thread
Post by: 18seagate on May 03, 2012, 10:24:25 PM


And AFAIK, the only benefit to preemptively closing your accounts before AmEx does is so that your CR is not littered with "Closed by Issuer" notations (thought to disincline future creditors from extending credit).
[/quote]
so if i cancel myself it could still hold me back from getting a card from them in the future?
Title: Re: Amex F/R Master Thread
Post by: AJK on May 03, 2012, 10:31:08 PM
so if i cancel myself it could still hold me back from getting a card from them in the future?

Absolutely.

Simply cancelling without providing them documentation they're seeking will almost surely result in them F/Ring any future application you may make. So pay now or pay later it seems.
Title: Re: Amex F/R Master Thread
Post by: AsherO on May 04, 2012, 12:31:38 AM
Simply cancelling without providing them documentation they're seeking will almost surely result in them F/Ring any future application you may make. So pay now or pay later it seems.

That's not too bad, if (that's a big if...) he doesn't plan on applying for a year, he can file taxes next year and fill our a 4506 if/when necessary.
Title: Re: Amex F/R Master Thread
Post by: HelpMe on May 04, 2012, 12:35:53 AM
so if i cancel myself it could still hold me back from getting a card from them in the future?
It also gives you the opportunity when you apply next time to make sure everything you put on your application you are able to document.
Title: Re: Amex F/R Master Thread
Post by: AJK on May 04, 2012, 12:41:18 AM
That's not too bad, if (that's a big if...) he doesn't plan on applying for a year, he can file taxes next year and fill our a 4506 if/when necessary.

Exactly. I'm only pointing out that he won't be able to avoid this process by proactively cancelling his cards, instead of having them cancelled.
Title: Re: Amex F/R Master Thread
Post by: 18seagate on May 04, 2012, 12:53:08 AM
so im better off canceling my cards myself basically & doesnt mean i will get away with it next time
Title: Re: Amex F/R Master Thread
Post by: creditor on May 09, 2012, 03:27:49 AM
just saw a soft pull on my CR from 'amex account review‘ I always see soft pull from amex,amex serviced by cic' etc. but I never came across amex account review.
does that have to turn on a red light ?
anyone here suffering an f/r saw the same?
Title: Re: Amex F/R Master Thread
Post by: AsherO on May 09, 2012, 03:34:20 AM
just saw a soft pull on my CR from 'amex account reviewĎ I always see soft pull from amex,amex serviced by cic' etc. but I never came across amex account review.
does that have to turn on a red light ?
anyone here suffering an f/r saw the same?

Where are you getting a report that shows your soft pulls?
Title: Re: Amex F/R Master Thread
Post by: aryeh1 on May 09, 2012, 03:55:42 AM
just saw a soft pull on my CR from 'amex account reviewĎ I always see soft pull from amex,amex serviced by cic' etc. but I never came across amex account review.
does that have to turn on a red light ?
anyone here suffering an f/r saw the same?
no I always see that
Title: Re: Re: Amex F/R Master Thread
Post by: creditor on May 09, 2012, 06:07:31 AM
no I always see that
in my case it shows up the exact same date I was hard pulled by a Chase app.
is that the case by you ?
Title: Re: Re: Amex F/R Master Thread
Post by: creditor on May 09, 2012, 06:08:28 AM
Where are you getting a report that shows your soft pulls?
I'm inrolled in credit secure from amex
Title: Re: Amex F/R Master Thread
Post by: presidentialplus on May 09, 2012, 10:40:06 AM
I just did a 4b app with amex, I called and got all of them approved, the starwood card I was told I will get in 24-72 hours, the two delta cards I was told that I will receive in 10 to 13 days, since it will be "manualy reviewed by a team to set a proper apr".
 Does this mean anything? and should I pull all my points out af amex?
Title: Re: Amex F/R Master Thread
Post by: AJK on May 09, 2012, 01:16:19 PM
I just did a 4b app with amex, I called and got all of them approved, the starwood card I was told I will get in 24-72 hours, the two delta cards I was told that I will receive in 10 to 13 days, since it will be "manualy reviewed by a team to set a proper apr".
 Does this mean anything? and should I pull all my points out af amex?

Officially, not necessary.
Title: Re: Amex F/R Master Thread
Post by: presidentialplus on May 09, 2012, 01:45:03 PM
Officially, not necessary.

please explain
 but does this indicate a F/R?
Title: Re: Amex F/R Master Thread
Post by: AJK on May 09, 2012, 01:47:12 PM
please explain
 but does this indicate a F/R?

I don't know if you'll be F/R'd or not, but if I had to guess based on the "manualy reviewed by a team to set a proper apr" I'd say no. But, then again, you did sign up for 4 AmEx cards in one shot. I'd have advised against so many personally.

In any case, what meant by the above post is that even if you are F/R'd, you're still officially given 30 days to transfer/use your remaining MR.
Title: Re: Amex F/R Master Thread
Post by: Jkhein on May 14, 2012, 05:49:54 PM
Just applied for a friend. Got a message that i must call to discuss application, or they will contact me after 2-3 days. Right away checked app status online and saw was approved.
The message to call them was something I never encountered by an application, either approved or notified by 7-10 days. Anything to worry about or once its approved, just to ignore message?
Title: Re: Amex F/R Master Thread
Post by: Drago on May 15, 2012, 01:35:33 AM
Just applied for a friend. Got a message that i must call to discuss application, or they will contact me after 2-3 days. Right away checked app status online and saw was approved.
The message to call them was something I never encountered by an application, either approved or notified by 7-10 days. Anything to worry about or once its approved, just to ignore message?
I don't think you have anything to worry about. Since its anyhow approved, I can't see why you would need to call up. Wait to see if they call you again.
Title: Re: Amex F/R Master Thread
Post by: SPLP on May 15, 2012, 03:24:54 AM
I don't think you have anything to worry about. Since its anyhow approved, I can't see why you would need to call up. Wait to see if they call you again.

they did that to me on a biz card , wanted to cfm phone address etc -- i never called-- called recon was apprvd , recon told me why they called
Title: Re: Amex F/R Master Thread
Post by: tmofan on May 17, 2012, 10:52:10 AM
Just got approved for the mb plat, regular plat and starwood with a 7,000 limit I said I make 35-40,000 annually they asked me for pay stubs and bank statements my pay stubs show that I make around 35,000 is there any reason they would shut one of my accounts or would they just lower my cl on the Starwood?
Title: Re: Amex F/R Master Thread
Post by: AsherO on May 17, 2012, 10:53:13 AM
Just got approved for the mb plat, regular plat and starwood with a 7,000 limit I said I make 35-40,000 annually they asked me for pay stubs and bank statements my pay stubs show that I make around 35,000 is there any reason they would shut one of my accounts or would they just lower my cl on the Starwood?

If you have pay stubs that can show what you told them, you should be safe (as in, worst case, they'll cut your CLs).
Title: Re: Re: Amex F/R Master Thread
Post by: netzih on May 17, 2012, 10:54:32 AM
If you have pay stubs that can show what you told them, you should be safe (as in, worst case, they'll cut your CLs).
they wouldn't tell him that it only suffices for one card but he has 3? especially being that 2 of them are charge cards?
Title: Re: Amex F/R Master Thread
Post by: AsherO on May 17, 2012, 10:56:38 AM
they wouldn't tell him that it only suffices for one card but he has 3? especially being that 2 of them are charge cards?

1. they approved him with that info,
2. He's been honest with them and proved it.
3. They can mitigate their risk by limiting his CLs.

I think he's safe (IY"H), can't be sure though.
Title: Re: Re: Amex F/R Master Thread
Post by: netzih on May 17, 2012, 11:03:10 AM
1. they approved him with that info,
2. He's been honest with them and proved it.
3. They can mitigate their risk by limiting his CLs.

I think he's safe (IY"H), can't be sure though.
it could have been 3bm and they could have been approved instantly which means nothing no?
Title: Re: Amex F/R Master Thread
Post by: AsherO on May 17, 2012, 11:08:47 AM
it could have been 3bm and they could have been approved instantly which means nothing no?

Yes. Past people have reported that if you're honest and can substantiate income you will typically survive, usually with a slash if your income isn't high enough.
Title: Re: Re: Amex F/R Master Thread
Post by: netzih on May 17, 2012, 11:10:00 AM
Yes. Past people have reported that if you're honest and can substantiate income you will typically survive, usually with a slash if your income isn't high enough.
and how do they slash charge cards?
Title: Re: Amex F/R Master Thread
Post by: AsherO on May 17, 2012, 11:11:21 AM
and how do they slash charge cards?

They have some internal number ("soft limit") for charge cards.
Title: Re: Amex F/R Master Thread
Post by: meshugener on May 17, 2012, 11:23:30 AM
Prrrrrrrrr!!! Now's my turn!             
finally, I survived!! They cut the SL, but I don't care as long I'm spared!
Title: Re: Amex F/R Master Thread
Post by: AsherO on May 17, 2012, 11:34:02 AM
finally, I survived!! They cut the SL, but I don't care as long I'm spared!

F/R review please?
Title: Re: Amex F/R Master Thread
Post by: meshugener on May 17, 2012, 12:04:27 PM
Yes. I had the process go on for more than 2 weeks!
Title: Re: Amex F/R Master Thread
Post by: AsherO on May 17, 2012, 12:05:34 PM
Yes. I had the process go on for more than 2 weeks!

Sorry if my question wasn't stated clearly: Can we please get a review of your process?
Title: Re: Amex F/R Master Thread
Post by: meshugener on May 17, 2012, 12:16:21 PM
Out on application double my actual income, got FRd, sent IRS docs, rejected due to alterations, sent a new one, got response with a new spending limit, and done!
Title: Re: Amex F/R Master Thread
Post by: AsherO on May 17, 2012, 12:18:59 PM
Out on application double my actual income, got FRd, sent IRS docs, rejected due to alterations, sent a new one, got response with a new spending limit, and done!

Did you have any Amexes? When they F/R'd you did they again ask what you make? What did you tell them at that point?
Title: Re: Amex F/R Master Thread
Post by: meshugener on May 17, 2012, 12:23:21 PM
1. How do you think they frd me If I don't have AMEXes? 2. When they called they asked me my income and I told them the amount I entered on the app.
Title: Re: Amex F/R Master Thread
Post by: AsherO on May 17, 2012, 12:25:53 PM
1. How do you think they frd me If I don't have AMEXes? 2. When they called they asked me my income and I told them the amount I entered on the app.

Maybe they F/R'd you with regards to these recent apps, did you have any (active) Amex cards before that?
Title: Re: Amex F/R Master Thread
Post by: meshugener on May 17, 2012, 12:53:24 PM
No, you're prob right.
Title: Re: Re: Amex F/R Master Thread
Post by: netzih on May 17, 2012, 12:56:30 PM
Out on application double my actual income, got FRd, sent IRS docs, rejected due to alterations, sent a new one, got response with a new spending limit, and done!
when they told you the docs were altered what did you tell them?
Title: Re: Amex F/R Master Thread
Post by: AsherO on May 17, 2012, 01:03:10 PM
when they told you the docs were altered what did you tell them?

I think he means they (Amex or IRS) didn't accept his 4506-T, since there were alterations on it, e.g. edits, stuff crossed out, etc.
Title: Re: Re: Amex F/R Master Thread
Post by: netzih on May 17, 2012, 01:05:22 PM
I think he means they (Amex or IRS) didn't accept his 4506-T, since there were alterations on it, e.g. edits, stuff crossed out, etc.
yea doesn't that pretty much show that he was lying? so I was wondering what he said when he was asked about that?
Title: Re: Amex F/R Master Thread
Post by: AsherO on May 17, 2012, 01:07:40 PM
yea doesn't that pretty much show that he was lying? so I was wondering what he said when he was asked about that?

4506-T (http://www.irs.gov/pub/irs-pdf/f4506t.pdf) is an IRS form authorizing the IRS to release (transcripts of) his data (to Amex in this case), he must've not filled it out to their liking, nothing to do with lying.
Title: Re: Re: Amex F/R Master Thread
Post by: netzih on May 17, 2012, 01:08:59 PM
4506-T (http://www.irs.gov/pub/irs-pdf/f4506t.pdf) is an IRS form authorizing the IRS to release (transcripts of) his data (to Amex in this case), he must've not filled it out to their liking, nothing to do with lying.
oh oops didn't understand
Title: Re: Amex F/R Master Thread
Post by: AsherO on May 17, 2012, 01:11:03 PM
oh oops didn't understand

Or maybe I didn't, hopefully meshugener will clarify.
Title: Re: Amex F/R Master Thread
Post by: meshugener on May 17, 2012, 01:13:12 PM
Right, I just crossed out a few numbers I wrote by mistake, and it was rejected by the IRS.
Title: Re: Re: Amex F/R Master Thread
Post by: netzih on May 17, 2012, 01:16:17 PM
Right, I just crossed out a few numbers I wrote by mistake, and it was rejected by the IRS.
thanks for the clarification
Title: Re: Amex F/R Master Thread
Post by: Name Changed on May 17, 2012, 03:07:24 PM
I think he means they (Amex or IRS) didn't accept his 4506-T, since there were alterations on it, e.g. edits, stuff crossed out, etc.
I had a 4506 (the one I had to pay $57) I made a tiny cross out, and IRS rejected it. I had to pay for another one. I got the first refund about 6 weeks later.
Title: Re: Amex F/R Master Thread
Post by: Mimi K. on May 17, 2012, 04:56:28 PM
ok people! I got a serious question! I applied for 2 amex w/ 2BM. platinum biz & starwoods
I got declined. I called and was told that my CR is frozen I said no problem forget it!
I unfroze my experian (for the 2nd time!  >:( ) and was planning on redoing the 2bm in a month
meanwhile I received 2 letters. The first said I must call w/ a temporary password to get reevaluated
the 2nd  (received today) said I must send in a 4506T within 30 days or they will not continue considering my platinum application!
HELP! I said I make 120k my 1040 says less than 12k! should I ignore it? I have a bluesky pref. w/ 28k limit
for 4 years that I use alot. will I lose it!?!? I'm horrified!  :o  :'(


p.s. the plat. biz. was Prefriggin'Approved!  ::)
Title: Re: Amex F/R Master Thread
Post by: Ergel on May 17, 2012, 05:01:31 PM
That's a big difference between reported and actual income. Good luck
Title: Re: Amex F/R Master Thread
Post by: Mimi K. on May 17, 2012, 05:04:00 PM
That's a big difference between reported and actual income. Good luck
just one or two zeros!  ;)
nothing between friends  8)
Title: Re: Amex F/R Master Thread
Post by: AsherO on May 17, 2012, 07:17:41 PM
just one or two zeros!  ;)
nothing between friends  8)

Did they ask how much you earn? Did you tell them $12k? If not, you can explain the app $120k as an error and hope for slashed credit lines.
Title: Re: Amex F/R Master Thread
Post by: SPLP on May 18, 2012, 02:51:02 AM
just one or two zeros!  ;)
nothing between friends  8)
[/quot

we all know zero has no value !! and the people at amex are very smart , they too know this

seriously -- GOOD LUCK 
Title: Re: Amex F/R Master Thread
Post by: Side incomer on May 18, 2012, 10:31:24 AM
After having an FR back in October, I just got FR'd again, after opening a business gold card (targeted offer), and spending over $5K in the first 2 weeks.
My case manager explained the trigger was the airline tickets not in my name, and that what they told me last time too.

This time I hope that the FR will only work in my favor, last time they slashed my line of credit to $5K. this year on the personal tax returns I had double income, and on the business (which they also requested), I didn't have a big income, but a revenue of over $100K.
they also asked for bank statements, which I'm not afraid of, since they show average balances of $50K, and a revenue of about $150K just in the last 3 months.

Do I need to be afraid of the fact that the business didn't actually have income after taking out wages etc?
Do they caulculate business on income or revenue?
Title: Re: Amex F/R Master Thread
Post by: Name Changed on May 18, 2012, 12:32:56 PM
After having an FR back in October, I just got FR'd again, after opening a business gold card (targeted offer), and spending over $5K in the first 2 weeks.
My case manager explained the trigger was the airline tickets not in my name, and that what they told me last time too.

This time I hope that the FR will only work in my favor, last time they slashed my line of credit to $5K. this year on the personal tax returns I had double income, and on the business (which they also requested), I didn't have a big income, but a revenue of over $100K.
they also asked for bank statements, which I'm not afraid of, since they show average balances of $50K, and a revenue of about $150K just in the last 3 months.

Do I need to be afraid of the fact that the business didn't actually have income after taking out wages etc?
Do they caulculate business on income or revenue?

I think so.

I had a similar issue, as I opened a Business Gold card, and they FR'd me ... They only were able to get my 2010 tax returns (as of 1 month ago) So since my reported income in 2010 wasn't to high even though that was my personal income they slashed my CL.

I spoke with them and they told me that they give a CL based on verified income

So if after taking out wages you didn't have a lot of income I would say they might not increase you CL ...

Title: Re: Amex F/R Master Thread
Post by: AsherO on May 18, 2012, 02:45:44 PM
I think so.

I had a similar issue, as I opened a Business Gold card, and they FR'd me ... They only were able to get my 2010 tax returns (as of 1 month ago) So since my reported income in 2010 wasn't to high even though that was my personal income they slashed my CL.

I spoke with them and they told me that they give a CL based on verified income

So if after taking out wages you didn't have a lot of income I would say they might not increase you CL ...



Side Incomer talking about business income, his personal income is good. Your situation the same?
Title: Re: Amex F/R Master Thread
Post by: meshugener on May 18, 2012, 02:50:52 PM
I'm using a someones name and SS# to apply (and keep the points for me, of course....) and she got FRd, they ask IRS form. The problem is that she doesn't have any income reported, but she earns a 'bunch' of $$ from various public assistance programs and she manage to make a living out of it...... And that is not considered taxable income.
I had her call back the fr buggyman to explain that she earn nicely enough to pass the review but he won't see it on IRS files since public assistance is not taxable, and that she can send in proof of all those income, food stamps approval letters housing rental assistance, etc. but he didn't wanna budge, and said they accept only IRS docs.
So, now, I found this:
"Under the
Equal Credit Opportunity Act:
You cannot be denied credit based
on your race, sex, marital status,
religion, age, national origin, or
receipt of public assistance.
You have the right to have reliable
public assistance considered in the
same manner as other income.
If you are denied credit, you have a
legal right to know why."
So?? Can I sue them?  they are denying credit based on the fact that income  is from public assistance??
Title: Re: Amex F/R Master Thread
Post by: Name Changed on May 18, 2012, 03:09:18 PM
Side Incomer talking about business income, his personal income is good. Your situation the same?
My personal and Business income is filed on the same tax return.

What is pathetic is they wanna see the profit, and thats what they are basing the CL on ... its stupid cuz by showing how much I spend on CC's as my business trend, and am making a profit is not good enough for them
Title: Re: Amex F/R Master Thread
Post by: Mimi K. on May 18, 2012, 03:30:26 PM
ok people! I got a serious question! I applied for 2 amex w/ 2BM. platinum biz & starwoods
I got declined. I called and was told that my CR is frozen I said no problem forget it!
I unfroze my experian (for the 2nd time!  >:( ) and was planning on redoing the 2bm in a month
meanwhile I received 2 letters. The first said I must call w/ a temporary password to get reevaluated
the 2nd  (received today) said I must send in a 4506T within 30 days or they will not continue considering my platinum application!
HELP! I said I make 120k my 1040 says less than 12k! should I ignore it? I have a bluesky pref. w/ 28k limit
for 4 years that I use alot. will I lose it!?!? I'm horrified!  :o  :'(


p.s. the plat. biz. was Prefriggin'Approved!  ::)
should I send in the 4506t or just ignore the paper since it says it is only is for the new application which i would just forget about for now??  :-\ can somebody please give me a long answer?  :-[
Title: Re: Amex F/R Master Thread
Post by: Side incomer on May 18, 2012, 03:33:37 PM
should I send in the 4506t or just ignore the paper since it says it is only is for the new application which i would just forget about for now??  :-\ can somebody please give me a long answer?  :-[
Don't send in anything.
Rather wait 90 days and reapply.

Same story happened to a relative. Wasn't approved, they wanted income. Didn't send in. waited 90 days, and applied, and approved.
Title: Re: Amex F/R Master Thread
Post by: AsherO on May 18, 2012, 03:35:24 PM
Don't send in anything.
Rather wait 90 days and reapply.

Same story happened to a relative. Wasn't approved, they wanted income. Didn't send in. waited 90 days, and applied, and approved.

You're suggesting that if it's just for the new app they won't slash her existing CL?
Title: Re: Amex F/R Master Thread
Post by: Side incomer on May 18, 2012, 03:38:53 PM
You're suggesting that if it's just for the new app they won't slash her existing CL?
If they didn't suspend her current credit card, why should she look for trouble?
Title: Re: Amex F/R Master Thread
Post by: AsherO on May 18, 2012, 03:43:30 PM
If they didn't suspend her current credit card, why should she look for trouble?

Fair enough. Mimi K. I agree, if your current credit line is alive and well, I would just let it be.
Title: Re: Amex F/R Master Thread
Post by: Mimi K. on May 18, 2012, 04:03:20 PM
Fair enough. Mimi K. I agree, if your current credit line is alive and well, I would just let it be.
I hope and pray you are correct!!
Title: Re: Amex F/R Master Thread
Post by: Name Changed on May 18, 2012, 04:06:19 PM
Fair enough. Mimi K. I agree, if your current credit line is alive and well, I would just let it be.
+1

From my FR experience, My accounts were suspended and I wasn't able to use my cards during the FR

Title: Re: Re: Amex F/R Master Thread
Post by: netzih on May 18, 2012, 04:48:44 PM
+1

From my FR experience, My accounts were suspended and I wasn't able to use my cards during the FR
same here
Title: Re: Amex F/R Master Thread
Post by: Mimi K. on May 20, 2012, 04:25:12 PM
They didn't hold my card at all! I just made some $3k  in purchases!
Lets just not jinx it!  :-X I'm twisting my fingers into a Magen Dovid!!  ;D
Title: Re: Amex F/R Master Thread
Post by: gozalim on May 20, 2012, 04:26:39 PM
:-X I'm twisting my fingers into a Magen Dovid!!  ;D
Ouch!
Title: Re: Amex F/R Master Thread
Post by: Name Changed on May 22, 2012, 10:59:05 PM
I have just opened a Plat and a PRG for my wife. Its now about 2 weeks later, and got FR'd

They requested 4506T and bank statements. Hopefully this wont be too big of a pain. (after all the other FR I went thru ;))
Title: Re: Amex F/R Master Thread
Post by: Yeki89 on May 22, 2012, 11:31:30 PM
I have just opened a Plat and a PRG for my wife. Its now about 2 weeks later, and got FR'd

They requested 4506T and bank statements. Hopefully this wont be too big of a pain. (after all the other FR I went thru ;))
This is your thhird one?
Title: Re: Amex F/R Master Thread
Post by: AJK on May 23, 2012, 02:04:02 AM
This is your thhird one?

+1, my goodness. You're in their cross-hairs, huh?
Title: Re: Amex F/R Master Thread
Post by: AsherO on May 23, 2012, 02:14:35 AM
This is your thhird one?
+1, my goodness. You're in their cross-hairs, huh?

My understanding is that this time they didn't F/R him, they F/R'd his wife (since she's the recent applicant).
Title: Re: Amex F/R Master Thread
Post by: AJK on May 23, 2012, 02:16:04 AM
My understanding is that this time they didn't F/R him, they F/R'd his wife (since she's the recent applicant).

Right, but I can't help but get the feeling that his "household" is currently on some sort of "government style watchlist."
Title: Re: Re: Amex F/R Master Thread
Post by: netzih on May 23, 2012, 03:43:48 AM
This is your thhird one?
I think he many to put a comma after the "all" meaning after all, he passed the other fr
But I might be wrong
Title: Re: Amex F/R Master Thread
Post by: Name Changed on May 23, 2012, 08:40:30 AM
Right, but I can't help but get the feeling that his "household" is currently on some sort of "government style watchlist."
Yup
My understanding is that this time they didn't F/R him, they F/R'd his wife (since she's the recent applicant).
I guess ;)
This is your third one?
Yup

For some reason I wasn't surprised when I got a call from the FR Department ... I prob spend way to much on CC based on the income I make, But my purchasing is all for business ...

Title: Re: Amex F/R Master Thread
Post by: myb821 on May 23, 2012, 08:49:08 AM
YupI guess ;)Yup

For some reason I wasn't surprised when I got a call from the FR Department ... I prob spend way to much on CC based on the income I make, But my purchasing is all for business ...
so why dont u get a biz cc for that
Title: Re: Amex F/R Master Thread
Post by: Name Changed on May 23, 2012, 08:57:03 AM
so why dont u get a biz cc for that
I did

But they cut my CL to 3k on that card after a FR, and they only were able to get my 2010 tax return (I think they cant get 2011 till August)
Title: Re: Amex F/R Master Thread
Post by: Smokey Joe Robinson on May 23, 2012, 06:01:29 PM
I did

But they cut my CL to 3k on that card after a FR, and they only were able to get my 2010 tax return (I think they cant get 2011 till August)

Is this for personal or business or both?
Title: Re: Amex F/R Master Thread
Post by: Name Changed on May 23, 2012, 09:15:02 PM
Is this for personal or business or both?
I think its for both (that they cant get the tax return till Aug)

The rep said this time to send in the 4506T and request the 2010 and 2011 tax return, also send in bank statements in case they cant get the 2011 tax return...
This is your thhird one?
Its actually my 4th  :-\ Well the first 3 were for cards under my name, this is under my wifes
Title: Re: Amex F/R Master Thread
Post by: zale on May 23, 2012, 09:32:03 PM
I have been thinking about this for a while, but I never got around to posting it.

Although I have never (Thankfully) been FR'd, I am wondering if it is legal for Amex to suspend your cards at random.

It is understandable if fraud is suspected, but to suspend someones accounts for some random reason may not be legal. To me it sounds very unfair and unreasonable to the consumer, and is outright bullying on the part of Amex. (If they are really concerned about whether you earn enough to pay your bills, then they should be checking this out BEFORE they issue the card.)

The solution to this problem may be to file a petition with a senator who is looking for action, such as Chuck Schumer. If someone has any kind of know-how or pull in this field, perhaps you can share it.
Title: Re: Amex F/R Master Thread
Post by: AsherO on May 23, 2012, 09:34:21 PM
I have been thinking about this for a while, but I never got around to posting it.

Although I have never (Thankfully) been FR'd, I am wondering if it is legal for Amex to suspend your cards at random.

It is understandable if fraud is suspected, but to suspend someones accounts for some random reason may not be legal. To me it sounds very unfair and unreasonable to the consumer, and is outright bullying on the part of Amex. (If they are really concerned about whether you earn enough to pay your bills, then they should be checking this out BEFORE they issue the card.)

The solution to this problem may be to file a petition with a senator who is looking for action, such as Chuck Schumer. If someone has any kind of know-how or pull in this field, perhaps you can share it.

It's in their T&Cs, and they're (relatively) much more reasonable compared to Chase (http://forums.dansdeals.com/index.php?topic=11216.0).
Title: Re: Amex F/R Master Thread
Post by: zale on May 23, 2012, 10:18:42 PM
T&C is worth less than the paper it is written on. (or the webpage it is written on)

I am not a liberal nor an OWS member that "hates big corporations", but I think that this is abuse.

If they have no reasonable grounds to suspect fraud, rather they just have a "hunch", then there are many other ways that they can take precautions. For example, they can call you and tell you that if you don't send in IRS forms within 30 days, THEN they will suspend your accounts.

It's common sense. What if you are traveling, and the only card in your wallet is an Amex? The fact that Amex can shut you down acting on whim is a very scary proposition.

I am sure that most members in this thread will agree that Amex had no reasonable grounds to suddenly shut them down. From what I read here, Amex has randomly shut down long-time customers whom have paid every single statement promptly ever since they've been a member, and whom have rock-solid credit scores.

Title: Re: Amex F/R Master Thread
Post by: AsherO on May 23, 2012, 10:23:09 PM
T&C is worth less than the paper it is written on. (or the webpage it is written on)

I am not a liberal nor an OWS member that "hates big corporations", but I think that this is abuse.

If they have no reasonable grounds to suspect fraud, rather they just have a "hunch", then there are many other ways that they can take precautions. For example, they can call you and tell you that if you don't send in IRS forms within 30 days, THEN they will suspend your accounts.

It's common sense. What if you are traveling, and the only card in your wallet is an Amex? The fact that Amex can shut you down acting on whim is a very scary proposition.

I am sure that most members in this thread will agree that Amex had no reasonable grounds to suddenly shut them down. From what I read here, Amex has randomly shut down long-time customers whom have paid every single statement promptly ever since they've been a member, and whom have rock-solid credit scores.

Have you recently been shut down by Amex?

I'm the customer you describe in your last paragraph, paid every bill on time, and got shut down. When it happened I was speaking emotionally, and felt differently than I do today. Today I understand it's within their right, and they are more reasonable than Chase, which makes them even less terrible in my eyes. I took my business elsewhere, and soon enough I'll apply again for some Amex bonuses, and I'll spend on their cards when it works best for me.
Title: Re: Amex F/R Master Thread
Post by: zale on May 23, 2012, 10:34:00 PM
Have you recently been shut down by Amex?

I'm the customer you describe in your last paragraph, paid every bill on time, and got shut down. When it happened I was speaking emotionally, and felt differently than I do today. Today I understand it's within their right, and they are more reasonable than Chase, which makes them even less terrible in my eyes. I took my business elsewhere, and soon enough I'll apply again for some Amex bonuses, and I'll spend on their cards when it works best for me.

As I mentioned above, I actually have not been FR'd by Amex. (yet)

I don't believe that you feel it was well within their rights. I think that you are saying that simply because you don't want to go back to a place where you were emotionally hurt, and it is therefore simply easier to just give in.

With all due respect, they have taken advantage of you.

You said it yourself. You have paid every bill on time, thus eliminating any grounds of suspicion. They have decided to abuse their privilege of being in control, and shutting you down on a whim, just because they could.

As I have stated before, I am not trying to be a rabble-rouser, but I think it's time for a wake-up call.
Title: Re: Amex F/R Master Thread
Post by: gozalim on May 23, 2012, 10:51:58 PM
can we get a zale-SPLP showdown?
Title: Re: Amex F/R Master Thread
Post by: zale on May 23, 2012, 10:57:32 PM
can we get a zale-SPLP showdown?

Here is a better idea, instead of barking, go straight to the bite.

https://www.schumer.senate.gov/Contact/contact_chuck.cfm
 (https://www.schumer.senate.gov/Contact/contact_chuck.cfm)
Title: Re: Amex F/R Master Thread
Post by: smart brit on May 24, 2012, 12:57:39 AM
As I mentioned above, I actually have not been FR'd by Amex. (yet)

I don't believe that you feel it was well within their rights. I think that you are saying that simply because you don't want to go back to a place where you were emotionally hurt, and it is therefore simply easier to just give in.

With all due respect, they have taken advantage of you.


I wouldn't call that taking advantage of me if something its the opposite I took them up on numerous offers and got some hefty bonuses  ;)
Although I was upset they froze my accounts while abroad and it took them 2 weeks to reopen them with limits. I understand there point of view
Title: Re: Amex F/R Master Thread
Post by: AsherO on May 24, 2012, 01:13:48 AM
I don't believe that you feel it was well within their rights. I think that you are saying that simply because you don't want to go back to a place where you were emotionally hurt, and it is therefore simply easier to just give in.

With all due respect, they have taken advantage of you.

You said it yourself. You have paid every bill on time, thus eliminating any grounds of suspicion. They have decided to abuse their privilege of being in control, and shutting you down on a whim, just because they could.

As I have stated before, I am not trying to be a rabble-rouser, but I think it's time for a wake-up call.

It has nothing to do with going back to the place off hurt, reading this thread does that to me :P

It has to do with the ability to think objectively, and realize, that if they didn't think I was a risk, they would let me keep my cards and make them $$$ (they get ~3% every time I swipe). I don't need a wake up call, I've seen things from your perspective, and (like I've stated several times already, after seeing what Chase is capable of) I've come around and realized they aren't so unreasonable after all.

If you have an issue with what's going on, it's Chase you should be complaining about, since:
1. They aren't transparent about why they shut people down.
2. They don't give people a chance to prove their finances, or otherwise argue in their defense.
3. They forfeit your points.
4. They've shut many people down for "card not used as intended" without making any effort to explain what that even means (in general, or specifically for each situation).
5. They sometimes also shut down people's associated bank accounts, an additional hassle and just as unwarranted.

So there, start a petition against Chase, and I'll be right there with you, and (similar to you with Amex) I haven't been their victim.
Title: Re: Amex F/R Master Thread
Post by: smart brit on May 24, 2012, 01:16:36 AM
It has nothing to do with going back to the place off hurt, reading this thread does that to me :P

It has to do with the ability to think objectively, and realize, that if they didn't think I was a risk, they would let me keep my cards and make them $$$ (they get ~3% every time I swipe). I don't need a wake up call, I've seen things from your perspective, and (like I've stated several times already, after seeing what Chase is capable of) I've come around and realized they aren't so unreasonable after all.

If you have an issue with what's going on, it's Chase you should be complaining about, since:
1. They aren't transparent about why they shut people down.
2. They don't give people a chance to prove their finances, or otherwise argue in their defense.
3. They forfeit your points.
4. They've shut many people down for "card not used as intended" without making any effort to explain what that even means (in general, or specifically for each situation).
5. They sometimes also shut down people's associated bank accounts, an additional hassle and just as unwarranted.

So there, start a petition against Chase, and I'll be right there with you, and (similar to you with Amex) I haven't been their victim.
+100
Title: Re: Amex F/R Master Thread
Post by: PETERP on May 24, 2012, 05:47:20 AM
can we get a zale-SPLP showdown?

Great idea. In a MMA Cage.  :)
Title: Re: Amex F/R Master Thread
Post by: zale on May 24, 2012, 11:21:10 AM
I wouldn't call that taking advantage of me if something its the opposite I took them up on numerous offers and got some hefty bonuses  ;)
Although I was upset they froze my accounts while abroad and it took them 2 weeks to reopen them with limits. I understand there point of view

Care to elaborate on that?

Was there something wrong with opening many cards because they offered it to you? It there a clause in the T&C that states that you are not allowed to receive multiple bonuses? And if there was such a clause, why did they approve your application?

I have personally received 600k+ MR points in the last 12 months, but I still would not accept that as a reason to suddenly freeze my accounts without warning.

I personally don't have a specific agenda against Amex. Overall, they have good service, they have many great offers, and they always refunded my money when a charge was in dispute. Still, freezing accounts at random is irresponsible, and they need to change this policy.
Title: Re: Amex F/R Master Thread
Post by: zale on May 24, 2012, 11:31:28 AM
It has nothing to do with going back to the place off hurt, reading this thread does that to me :P

It has to do with the ability to think objectively, and realize, that if they didn't think I was a risk, they would let me keep my cards and make them $$$ (they get ~3% every time I swipe). I don't need a wake up call, I've seen things from your perspective, and (like I've stated several times already, after seeing what Chase is capable of) I've come around and realized they aren't so unreasonable after all.

If you have an issue with what's going on, it's Chase you should be complaining about, since:
1. They aren't transparent about why they shut people down.
2. They don't give people a chance to prove their finances, or otherwise argue in their defense.
3. They forfeit your points.
4. They've shut many people down for "card not used as intended" without making any effort to explain what that even means (in general, or specifically for each situation).
5. They sometimes also shut down people's associated bank accounts, an additional hassle and just as unwarranted.

So there, start a petition against Chase, and I'll be right there with you, and (similar to you with Amex) I haven't been their victim.

You are correct, Chase is in the same wagon as Amex, if not worse. (Although for some reason, it seems that Amex is doing it way more often than Chase).

Forfeiting points is theft, because once they issue the points, they are yours to keep.

In the last several years, the senate and congress have issued many strict laws to credit card issuers, including some transparency laws. It is for this reason that I think the time is ripe to start a petition for this.
Title: Re: Amex F/R Master Thread
Post by: AJK on May 24, 2012, 12:03:51 PM
Forfeiting points is theft, because once they issue the points, they are yours to keep.

I honestly don't like sounding like a broken record, really I do. But that is simply inaccurate.
Title: Re: Amex F/R Master Thread
Post by: meshugener on May 24, 2012, 02:00:37 PM
Mr. Zale, my sense of prophecy tells me you just recently had a nasty experience with Amex, and I don't know why you intend to hide it. If you were posting and responding such lengthy posts just for the sake of justice, you would write them all in the Chase thread. 
Title: Re: Amex F/R Master Thread
Post by: U-no-me! on June 03, 2012, 01:38:49 PM
is doing a 2BM with amex an F/R risk?
Title: Re: Amex F/R Master Thread
Post by: meshugener on June 03, 2012, 01:46:03 PM
The 2bm itself is not a risk, but the affect of too many new accounts in a short period may result in FR.
Title: Re: Amex F/R Master Thread
Post by: U-no-me! on June 03, 2012, 01:49:58 PM
The 2bm itself is not a risk, but the affect of too many new accounts in a short period may result in FR.

too many new accounts with amex, or in general?
Title: Re: Amex F/R Master Thread
Post by: meshugener on June 03, 2012, 02:01:02 PM
In general.
Title: Re: Amex F/R Master Thread
Post by: dans fan on June 04, 2012, 08:47:16 PM
The 2bm itself is not a risk, but the affect of too many new accounts in a short period may result in FR.
afaik both statments are misleading. mbm is a risk (low), new accounts if its a risk its very very low
Title: Re: Amex F/R Master Thread
Post by: meshugener on June 04, 2012, 09:38:38 PM
AFAIK vs. IME
Title: Re: Amex F/R Master Thread
Post by: dans fan on June 04, 2012, 09:41:31 PM
would you like to share your e that brought you to the conclusion that mbm is not a risk
Title: Re: Amex F/R Master Thread
Post by: meshugener on June 04, 2012, 09:43:25 PM
I'm referring to my second point.
Title: Re: Amex F/R Master Thread
Post by: dans fan on June 04, 2012, 09:44:38 PM
I'm referring to my second point.
then why would you give misleading info with your first point
Title: Re: Amex F/R Master Thread
Post by: dans fan on June 04, 2012, 09:46:18 PM
would you share your e about your second point
Title: Re: Amex F/R Master Thread
Post by: meshugener on June 04, 2012, 10:53:02 PM
First of all, my first point is not misleading. Its my smart and deep understanding on the issue. Take it or leave it.
As regarding my second point, that's what my FR account manager told me when I asked the reason of the review.
Title: Re: Amex F/R Master Thread
Post by: dans fan on June 04, 2012, 11:02:01 PM
First of all, my first point is not misleading. Its my smart and deep understanding on the issue. Take it or leave it
pretty sure its been mentioned as a risk
on a side note, in the future make it clear when you make a statment if its coming from your  smart and deep understanding on the issue, or from actual experience/knowledge 
.
As regarding my second point, that's what my FR account manager told me when I asked the reason of the review.
1)they may of told you that as a concern once they are reviewing your account thats no reason for me to believe it will actually cause a fr
2) being the only one reporting it will mean its a very low risk (like i said)
3)way to many have multiple new ccounts and not been fr
Title: Re: Amex F/R Master Thread
Post by: meshugener on June 04, 2012, 11:50:17 PM
On your point #1, I'm not in the altzhimer age so believe me when I'm saying that this was the trigger.
Title: Re: Amex F/R Master Thread
Post by: dans fan on June 05, 2012, 09:47:26 AM
i dont know if thats what you were told, evan if thats what you were told the agent may have mixed up the cause and the concern.(or a clueless rep, evan in fr dept.) either way since way to many ppl who have open multiple new acc and not been fr and the ones who did get fr, this wasnt the reason, i would assume your case was a misunderstanding or fluke. until we hear from others who were told like you
Title: Re: Amex F/R Master Thread
Post by: meshugener on June 05, 2012, 11:07:23 AM
But it also make sense since its one of the known cause of credit score drop: 1 average age of credit, 2. Too many new accounts open in the near past.
Maybe you're right, maybe not. Maybe you can believe a FR rep, maybe not. But I think we should leave it here because our discussion leads us nowhere, and we're entering the territory of a usual AsherO/AJK dispute.
Title: Re: Amex F/R Master Thread
Post by: AsherO on June 05, 2012, 12:00:56 PM
and we're entering the territory of a usual AsherO/AJK dispute.

Don't flatter yourself, your antics and I have nothing in common, please keep me out of this.
Title: Re: Amex F/R Master Thread
Post by: AJK on June 05, 2012, 12:14:30 PM
Don't flatter yourself, your antics and I have nothing in common, please keep me out of this.

Agree ^
Title: Re: Amex F/R Master Thread
Post by: AsherO on June 05, 2012, 12:16:50 PM
Agree ^

That's a first :P

(Kidding, I know it isn't)
Title: Re: Amex F/R Master Thread
Post by: zale on June 05, 2012, 12:59:27 PM
Dan mentioned somewhere recently that the PRG business card is triggering FR's lately.

Does this apply to all the Business cards from Amex, or only the PRG?

I want to do a triple-app for the delta consumer and business cards in a 3bm along with the MB plat, and was wondering if this is asking for trouble.
Title: Re: Amex F/R Master Thread
Post by: Dan on June 05, 2012, 01:51:13 PM
The Gold business card is the only one I'm aware of that may be an FR trigger for opening.
Title: Re: Amex F/R Master Thread
Post by: zale on June 05, 2012, 01:53:52 PM
The Gold business card is the only one I'm aware of that may be an FR trigger for opening.

Thanks. How about the latter question? Is it risky?
Title: Re: Amex F/R Master Thread
Post by: Dan on June 05, 2012, 01:54:39 PM
Is it risky?

I don't think so.
Title: Re: Amex F/R Master Thread
Post by: myb821 on June 06, 2012, 05:16:23 PM
Im pretty sure i just got hit with FR after my 3BM account suspended and got a message to call amex. No chance im going to survive :(
Title: Re: Amex F/R Master Thread
Post by: AsherO on June 06, 2012, 05:22:14 PM
Im pretty sure i just got hit with FR after my 3BM account suspended and got a message to call amex. No chance im going to survive :(

 :'(

Wishing you g-dspeed. Be honest, cautious, make sure they call you before closing your accounts (so you can close them first), and remember: better show some income than show no income.
Title: Re: Amex F/R Master Thread
Post by: Walk On the Ocean on June 06, 2012, 05:29:15 PM
Im pretty sure i just got hit with FR after my 3BM account suspended and got a message to call amex. No chance im going to survive :(
Oy! I'm sorry to hear that! Hatzlacho!

:'(

Wishing you g-dspeed. Be honest, cautious, make sure they call you before closing your accounts (so you can close them first), and remember: better show some income than show no income.
How low??
Even if it's as little as 5k?
Title: Re: Amex F/R Master Thread
Post by: AsherO on June 06, 2012, 05:30:31 PM
How low??
Even if it's as little as 5k?

I don't know, but rumor has it that if you show some income they just slash your CLs.
Title: Re: Amex F/R Master Thread
Post by: myb821 on June 06, 2012, 05:30:46 PM
:'(

Wishing you g-dspeed. Be honest, cautious, make sure they call you before closing your accounts (so you can close them first), and remember: better show some income than show no income.
don't have any reported income
Title: Re: Amex F/R Master Thread
Post by: AsherO on June 06, 2012, 05:31:35 PM
don't have any reported income

Try to get them to accept bank statements and/or assets.
Title: Re: Amex F/R Master Thread
Post by: txtmax4 on June 06, 2012, 05:31:51 PM
Im pretty sure i just got hit with FR after my 3BM account suspended and got a message to call amex. No chance im going to survive :(
What was on the 3BM?
Title: Re: Amex F/R Master Thread
Post by: AsherO on June 06, 2012, 05:35:43 PM
What was on the 3BM?


I think we know already:

On a different note, does anyone think doing a plat/MB plat/PRG 3BM is too ballsy?
im thinking of doing the same tonight
Title: Re: Amex F/R Master Thread
Post by: myb821 on June 06, 2012, 05:37:58 PM
Yup
Title: Re: Amex F/R Master Thread
Post by: txtmax4 on June 06, 2012, 05:39:20 PM
Yup
I guess it, indeed, was ballsy.
Title: Re: Amex F/R Master Thread
Post by: myb821 on June 06, 2012, 05:40:03 PM