Misc Credit Card Questions

[Emkay]

(I see u guys are talking about 5/24 a lot what does that mean, what's suppose to be happening? )

Only can get approved if you have less then 5 new accounts in 24 months. Not totally rolled out across all cards yet.

[myi]

Only can get approved if you have less then 5 new accounts in 24 months. Not totally rolled out across all cards yet.

amex or chase? Or across all cc cards? 

[Emkay]

amex or chase? Or across all cc cards?

Chase.

[TimT]

amex or chase? Or across all c cards?

FTFY
Its a chase rule but they'll count cards opened from all banks.

[Mendelssohn]

They count all new accounts from what I have heard, so mortgages, auto loans, etc. also count.

[CS91]

They count all new accounts from what I have heard, so mortgages, auto loans, etc. also count.

Yup. They counted student loans for me.

[pixi]

If I (my friend)  need to close my amex account (due to a FR which he can't pass)  and I have 50k points which he earned today but it still doesn't show up on my available points only when I go into activity details I see that the account earned 50k points today (I assume it takes time till it shows up in the available points). Is there any way I can get those points expedited to my account it should show that it's available? Can I extend the 14 days which I have to send my the paperwork they send me?

[PillanSmye]

If I (my friend)  need to close my amex account (due to a FR which he can't pass)  and I have 50k points which he earned today but it still doesn't show up on my available points only when I go into activity details I see that the account earned 50k points today (I assume it takes time till it shows up in the available points). Is there any way I can get those points expedited to my account it should show that it's available? Can I extend the 14 days which I have to send my the paperwork they send me?

Why can't they pass a FR?  Did they commit federal fraud and mistate their income?

[hvaces42]

Why can't they pass a FR?  Did they commit federal fraud and mistate their income?

Maybe because Amex looks at last years tax returns and doesnt want to know the reality that current income is/could be different. Why the rush to condemn? Not every failed FR is because a crime was perpetrated.

Every CC app asks for current income, not what was reported on last years tax return. Their FR is based on old info. Thats why you have more shutdowns after the fact, than denials at the app. Its a Catch-22.

I speak from experience of that exact scenario.   

[David Smith]

Why can't they pass a FR?  Did they commit federal fraud and mistate their income?

Amex (and all credit issuers) ask you to report any income that can be relied upon to repay the debt, not just personal or tax liable income.

[moshewoodmere01]

I don't think his 7 month daughter is crying all night because of 5/24 (although you never know).

Not referring specifically to this scenario though. All banks will see her authorized user accounts once she wants to start her own credit life. Which can be very helpful. However, I've found that it can be bad when I thought I'd opened 15 accounts thus year and they see 21 new accounts bc of AUs

[CS91]

When you downgrade a CSP to a Freedom, does the number on the card stay the same? Or does it change?

[chinagel]

When you downgrade a CSP to a Freedom, does the number on the card stay the same? Or does it change?

same but new csc

[rileywiles23]

When you downgrade a CSP to a Freedom, does the number on the card stay the same? Or does it change?

Stays the same.

[CS91]

same but new csc

Thanks.

Stays the same.

Thanks.

[eliraps]

I pay $9 a month for life lock insurance. There supposed to contact me to verify every time there's a hard pull on my CR. Recently, I have applied for a few cards and never been contacted by them. Any known data on this?

Bump. Anyone?

[yochiek93]

Bump. Anyone?

Did you contact them to find out?

[eliraps]

Did you contact them to find out?

Not yet. I wanted to see if anyone else had experience first.
I guess I'll TARB

[Mendelssohn]

Amex (and all credit issuers) ask you to report any income that can be relied upon to repay the debt, not just personal or tax liable income.

As far as Amex is concerned, HHI is what can be relied upon, so those numbers are the same.

Not all issuers have the same standard or ask for HHI.

[David Smith]

As far as Amex is concerned, HHI is what can be relied upon, so those numbers are the same.

Not all issuers have the same standard or ask for HHI.

How is household income always the same number as personal tax liable income, especially when it comes to a dependent?