Author Topic: Amex Closed Accounts  (Read 9413 times)

Offline ilherman

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Re: Amex Closed Accounts
« Reply #150 on: July 17, 2019, 09:40:51 PM »
Getting shut due to inactivity is different than getting shut for.....
You can say what you think when you think what you say.

Offline ah giten

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Re: Amex Closed Accounts
« Reply #151 on: July 17, 2019, 11:29:01 PM »
Getting shut due to inactivity is different than getting shut for.....
... for nothing!

Offline tdb

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Re: Amex Closed Accounts
« Reply #152 on: July 18, 2019, 10:16:47 AM »
One second, you were approved for a card right after getting shut? that would be great news for some of us here.

yes was shut down for inactivity but have excellent credit so I just applied for a new card while on the phone with them and it was approved instantly.

Offline yaakovely

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Re: Amex Closed Accounts
« Reply #153 on: July 21, 2019, 01:42:41 PM »
They are letting me transfer 251k MR points out. being that their are no bonuses, which would be my best redemption option for travel to Israel?

Offline ilherman

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Re: Amex Closed Accounts
« Reply #154 on: July 21, 2019, 06:10:41 PM »
... for nothing!
This may, or may not be true. However the way Amex looks at it is differently.
You can say what you think when you think what you say.

Offline yaakovely

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Re: Amex Closed Accounts
« Reply #155 on: July 22, 2019, 12:16:52 AM »
Here is my 2 cents from a recent financial review and account closure. A Financial review was opened in my opinion from maxing out my available credit limit (which is pretty high) on my 0% apr Business Blue Cash Preferred Credit Card. The form 4506T that they requested was filled out for 2018 which I have filed an extension. I sent in the form for 2017 and then my account was closed. I called up and the financial review case manager and she said that she closed my accounts because there was a box that was mistakenly unchecked on the Form 4506T and therefore they could not pull my tax records. Very harsh in my opinion. I then proceeded to call both the financial review and credit departments and asked for a supervisor. The supervisors in both departments tried to open my accounts and said I would receive a letter in the mail in 7-10 days. I received the letter in the mail and it stated that due to unpaid balances on my account they could not reinstate my account. for the record I have no unpaid balances and contrarily I have never made a late payment or done anything to cause an account closure. I called them up again stating that the reason they provided is inaccurate as I have no unpaid balance on my account. In the end of the day there was no one that was able to help me. I filed a complaint with the CFPB explaining the scenario. I was charged $1,800 in annual card membership fees this year plus I had a lot of Membership Reward points.. And Its effecting my credit score.. I guess I will wait and see what happens. However I do plan on taking them to court, as it is very feasible being that they closed an attorneys account ;) and I have a valid grievance of course. If anyone wants to see the complaint that I have penned to the CFPB, either to help submitting a complaint or just for reference can PM me.
So I received a response from Amex through the CFPB. It did not help much since they were basically justifying themselves for what they did. However they did give me some more evidence, additionally they made false statements and contradicted themselves. This only makes things better for me in court. I will keep everyone posted on what the final outcome is!

Offline grodnoking

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Re: Amex Closed Accounts
« Reply #156 on: July 22, 2019, 12:26:52 AM »
So I received a response from Amex through the CFPB. It did not help much since they were basically justifying themselves for what they did. However they did give me some more evidence, additionally they made false statements and contradicted themselves. This only makes things better for me in court. I will keep everyone posted on what the final outcome is!

I'd continue the complaint thru the CFPB if possible and quote all the contradictions and the false statements. Much easier hassle then going to court, and can't hurt to do.
And if they've been tripping over themselves already they'll probably do more with the next reply and it'll give you even more ammunition.
I'm not who you think I am.