Author Topic: Amex F/R Master Thread (Read 1870961 times)

Jkhein · « **Reply #2040 on:** January 24, 2013, 01:15:45 PM »

Quote from: dovy2 on January 24, 2013, 11:15:19 AM

new question for everyone out there with the knowledge (I tries searching, but couldn't find it),
I had amex spg for over a year now, with average spending of about 1000 a month, I just got now for the 1st time the biz gold card for 75k.
as i have big legit expenses coming up (10k+) in the next month or two, would that trigger or F/R? I'm not doing any GC or VR shtick.. only legit expenses ...

yes, new spending patterns, especially on a new business card is a big trigger, you will not be able to proof tax returns yet, just hope that if they FR you, they will be ready to accept personal tax returns, if you can proof it.

dovy2 · « **Reply #2041 on:** January 24, 2013, 08:58:02 PM »

Quote from: Jkhein on January 24, 2013, 01:15:45 PM

yes, new spending patterns, especially on a new business card is a big trigger, you will not be able to proof tax returns yet, just hope that if they FR you, they will be ready to accept personal tax returns, if you can proof it.

and with a 15k income (on the books) will I pass?

robi · « **Reply #2042 on:** January 24, 2013, 09:06:04 PM »

the biz gold card is a known trigger

dans fan · « **Reply #2043 on:** January 25, 2013, 04:01:10 PM »

Quote from: dovy2 on January 24, 2013, 08:58:02 PM

and with a 15k income (on the books) will I pass?

i know a 10k that passed and a 35 that didnt

noturbizniss · « **Reply #2044 on:** January 28, 2013, 09:56:34 AM »

So i've been buying up VR on my wife's cards and she recently opened a PRG business card. We've had a PRG consumer card for 2 years, so i called up today to ask about retention bonus and got put on hold. Different lady comes back and says she's with FR team and my wife needs to call back. Just thought i'd put it out there. Not sure if calling for retention bonus has anything to do with it or not, or if it was planned anyway and my call just pushed it into motion a few hours early.

gloreglabert · « **Reply #2045 on:** January 28, 2013, 10:03:42 AM »

Quote from: noturbizniss on January 28, 2013, 09:56:34 AM

So i've been buying up VR on my wife's cards and she recently opened a PRG business card. We've had a PRG consumer card for 2 years, so i called up today to ask about retention bonus and got put on hold. Different lady comes back and says she's with FR team and my wife needs to call back. Just thought i'd put it out there. Not sure if calling for retention bonus has anything to do with it or not, or if it was planned anyway and my call just pushed it into motion a few hours early.

Well, how long before the call did your wife last use any of her cards?

robi · « **Reply #2046 on:** January 28, 2013, 10:12:56 AM »

Quote from: noturbizniss on January 28, 2013, 09:56:34 AM

So i've been buying up VR on my wife's cards and she recently opened a PRG business card. We've had a PRG consumer card for 2 years, so i called up today to ask about retention bonus and got put on hold. Different lady comes back and says she's with FR team and my wife needs to call back. Just thought i'd put it out there. Not sure if calling for retention bonus has anything to do with it or not, or if it was planned anyway and my call just pushed it into motion a few hours early.

it's the biz PRG. Been mentioned numerous times

noturbizniss · « **Reply #2047 on:** January 28, 2013, 10:18:23 AM »

Quote from: robi on January 28, 2013, 10:12:56 AM

it's the biz PRG. Been mentioned numerous times

Dont have biz income but personal income is fine. Only concern is the multiple cvs purchases of 1007. When i was personally frdlike 2 years ago they said im ok but they'd sur me down if i used ap purchased from the mint. Don't want that to happen to my wife with cvs. If they ask...whats the beat course of action.
I guess once i get my biz card i can expect an fr shortly thereafter $:-\$

noturbizniss · « **Reply #2048 on:** January 28, 2013, 11:20:14 AM »

Quote from: gloreglabert on January 28, 2013, 10:03:42 AM

Well, how long before the call did your wife last use any of her cards?

bought some vr in the last week and used spg cards (biz and personal) regularly between august and dec. Used PRG regularly for last 2 years as well up through dec when I got chase ink cards and needed spending minimums.

noturbizniss · « **Reply #2049 on:** January 28, 2013, 09:09:44 PM »

Update and conclusion:
They did not question the specific purchases, however they were going to need to see biz income on the tax return. When i explained it's a minor ebay business woth no income reported on tax return she said if thats the case then the end of the FR would be to shut down the cards, si i had them close them now at consumers request. Personal cards were left alone, and did not need FR. She said the priamry driver of the FR was opening of 2 biz cards 2 weeks ago (Delta, and PRG) and SPG in August coupled with large spending on the new cards. Lesson learned.
Buy VR but do it slow. I was going to fast out of fear that VRs would be killed.

businessmachine · « **Reply #2050 on:** January 28, 2013, 09:13:15 PM »

Quote from: noturbizniss on January 28, 2013, 09:09:44 PM

Update and conclusion:
They did not question the specific purchases, however they were going to need to see biz income on the tax return. When i explained it's a minor ebay business woth no income reported on tax return she said if thats the case then the end of the FR would be to shut down the cards, si i had them close them now at consumers request. Personal cards were left alone, and did not need FR. She said the priamry driver of the FR was opening of 2 biz cards 2 weeks ago (Delta, and PRG) and SPG in August coupled with large spending on the new cards. Lesson learned.
Buy VR but do it slow. I was going to fast out of fear that VRs would be killed.

Thanks for the update. That's a rule of thumb. You have to at least start slow before raising spend significantly especially with this card which is a known fr trigger as Amex appears to be very worried about business credit defaults.

yoyo6713 · « **Reply #2051 on:** February 01, 2013, 08:16:07 PM »

Does 4506-t contain any business income information?

gloreglabert · « **Reply #2052 on:** February 01, 2013, 10:14:32 PM »

Quote from: yoyo6713 on February 01, 2013, 08:16:07 PM

Does 4506-t contain any business income information?

For sole proprietorships, it will include your schedule C showing biz income. Otherwise, they'll ask for additional documents.

sunshine · « **Reply #2053 on:** February 03, 2013, 02:47:14 AM »

Any words of Advise.

I got a F/R all the rep asked for was a letter signed by my bank of my last 6 months average deposits and my current balance. I had the bank fill this out and send it in. From anyones experience should I follow up with the Rep now and make sure "she received it" or let it flow. Paper was sent in the day requested. I have now waited 2 days and no response from amex.

Also will they ask me for more information?

aryeh1 · « **Reply #2054 on:** February 03, 2013, 10:25:32 AM »

Quote from: noturbizniss on January 28, 2013, 09:09:44 PM

Update and conclusion:
They did not question the specific purchases, however they were going to need to see biz income on the tax return. When i explained it's a minor ebay business woth no income reported on tax return she said if thats the case then the end of the FR would be to shut down the cards, si i had them close them now at consumers request. Personal cards were left alone, and did not need FR. She said the priamry driver of the FR was opening of 2 biz cards 2 weeks ago (Delta, and PRG) and SPG in August coupled with large spending on the new cards. Lesson learned.
Buy VR but do it slow. I was going to fast out of fear that VRs would be killed.

How many vanilla cards did you buy and what time frame?

sunshine · « **Reply #2055 on:** February 04, 2013, 09:07:51 AM »

dans fan · « **Reply #2056 on:** February 04, 2013, 10:19:36 AM »

Quote from: sunshine on February 04, 2013, 09:07:51 AM

Bump

check if your accounts are suspended. cant hurt to call, often they say they didnt receive it or its not what they want

noturbizniss · « **Reply #2057 on:** February 04, 2013, 10:40:17 AM »

Quote from: aryeh1 on February 03, 2013, 10:25:32 AM

How many vanilla cards did you buy and what time frame?

7 in 3 days on the PRG bizniess card, and 1 in the same period on the delta card. Bought a few in the same period on the regular PRG and have no issues on that one.

Yeki89 · « **Reply #2058 on:** February 04, 2013, 01:14:07 PM »

Quote from: sunshine on February 03, 2013, 02:47:14 AM

Any words of Advise.

I got a F/R all the rep asked for was a letter signed by my bank of my last 6 months average deposits and my current balance. I had the bank fill this out and send it in. From anyones experience should I follow up with the Rep now and make sure "she received it" or let it flow. Paper was sent in the day requested. I have now waited 2 days and no response from amex.

Also will they ask me for more information?

It can take that long. I say wait another day or two, remember it was a weekend.

churnbabychurn · « **Reply #2059 on:** February 10, 2013, 12:08:34 AM »

Quote from: noturbizniss on January 28, 2013, 09:09:44 PM

Update and conclusion:
They did not question the specific purchases, however they were going to need to see biz income on the tax return. When i explained it's a minor ebay business woth no income reported on tax return she said if thats the case then the end of the FR would be to shut down the cards, si i had them close them now at consumers request. Personal cards were left alone, and did not need FR. She said the priamry driver of the FR was opening of 2 biz cards 2 weeks ago (Delta, and PRG) and SPG in August coupled with large spending on the new cards. Lesson learned.
Buy VR but do it slow. I was going to fast out of fear that VRs would be killed.

Goodness!

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Author Topic: Amex F/R Master Thread (Read 1870961 times)