Author Topic: Amex F/R Master Thread (Read 1876049 times)

yoshi · « **Reply #3680 on:** March 11, 2015, 02:47:00 PM »

If i were to open a business card and ch'v get f/r will showing personal tax returns help, is it a for sure will not, or a YMMV?
thanks.

Aj3042 · « **Reply #3681 on:** March 11, 2015, 02:48:35 PM »

Quote from: yoshi on March 11, 2015, 02:47:00 PM

If i were to open a business card and ch'v get f/r will showing personal tax returns help, is it a for sure will not, or a YMMV?
thanks.

It does help somewhat if the name of the biz is your own name as was mentioned here a couple pages back. But it's all YMMV.

noturbizniss · « **Reply #3682 on:** March 11, 2015, 02:52:45 PM »

Quote from: yoshi on March 11, 2015, 02:47:00 PM

If i were to open a business card and ch'v get f/r will showing personal tax returns help, is it a for sure will not, or a YMMV?
thanks.

Quote from: Aj3042 on March 11, 2015, 02:48:35 PM

It does help somewhat if the name of the biz is your own name as was mentioned here a couple pages back. But it's all YMMV.

that's why i had to close my card. I used my email adress as the business name and they said if there was no business return they would close it. If the name was my own name on the business, then she said the personal return would be sufficient.

Aj3042 · « **Reply #3683 on:** March 11, 2015, 02:58:13 PM »

Quote from: noturbizniss on March 11, 2015, 02:52:45 PM

that's why i had to close my card. I used my email adress as the business name and they said if there was no business return they would close it. If the name was my own name on the business, then she said the personal return would be sufficient.

Still YMMV though based on what I've heard but chances are better.

yoshi · « **Reply #3684 on:** March 11, 2015, 03:08:14 PM »

Another question:
Why on earth does AMEX keep cards open when someones tax returns doesn't equal to their reported income? For example, if someones tax returns were to say that they made $10k and they have a reported income of $100k, why would they keep their cards open. They can see that the person had for sure lied on the reported income.

noturbizniss · « **Reply #3685 on:** March 11, 2015, 03:12:27 PM »

Quote from: yoshi on March 11, 2015, 03:08:14 PM

Another question:
Why on earth does AMEX keep cards open when someones tax returns doesn't equal to their reported income? For example, if someones tax returns were to say that they made $10k and they have a reported income of $100k, why would they keep their cards open. They can see that the person had for sure lied on the reported income.

speculating here, but if the person has been a customer and has a history of being reliable they may deem it worthwhile especially if he has other bank accounts and such.

Aj3042 · « **Reply #3686 on:** March 11, 2015, 03:13:41 PM »

Quote from: yoshi on March 11, 2015, 03:08:14 PM

Another question:
Why on earth does AMEX keep cards open when someones tax returns doesn't equal to their reported income? For example, if someones tax returns were to say that they made $10k and they have a reported income of $100k, why would they keep their cards open. They can see that the person had for sure lied on the reported income.

I don't know if they care as much about whether you lied as they care about whether you can pay back. That's what counts.

SrulyP · « **Reply #3687 on:** March 11, 2015, 03:38:40 PM »

Okay boys I turn to you in a time of need.

Here is the breakdown

Just got for my wife:
Biz Plat, Biz Gold, and Hilton Honors

She already had:
SPG

Yesterday she got a call from FR! She told them that her husband deals with this stuff and she doesnt know about everything and can she call back when I am there...

Currently when I log online I see that 3/4 (besides Biz Plat) has the "charging suspended"

She makes no legitimate income from biz and only little income from real job (not enough to pass review) She has a over 10k in checking account. I dont know if it helps that we file jointly and I make a legitimate income for the both of us.... The FR was triggered from high spending on BIZ Gold.

Is this anyway to survive this or should i just close all accounts ( in order to do so i would have to somehow make a payment of 5k that I owe to biz gold...)

Please help!

Aj3042 · « **Reply #3688 on:** March 11, 2015, 03:51:12 PM »

Quote from: SrulyP on March 11, 2015, 03:38:40 PM

Okay boys I turn to you in a time of need.

Here is the breakdown

Just got for my wife:
Biz Plat, Biz Gold, and Hilton Honors

She already had:
SPG

Yesterday she got a call from FR! She told them that her husband deals with this stuff and she doesnt know about everything and can she call back when I am there...

Currently when I log online I see that 3/4 (besides Biz Plat) has the "charging suspended"

She makes no legitimate income from biz and only little income from real job (not enough to pass review) She has a over 10k in checking account. I dont know if it helps that we file jointly and I make a legitimate income for the both of us.... The FR was triggered from high spending on BIZ Gold.

Is this anyway to survive this or should i just close all accounts ( in order to do so i would have to somehow make a payment of 5k that I owe to biz gold...)

Please help!

Ok so let's start with what we were just talking about. What's the name of the business? Is it your wife's name or did you invent a name. If it's her name don't jump to conclusions based on the fact that she makes very little.
Also I find it strange that all but one had charging suspended sounds weird to me but weird things to happen (especially with AMEX IME).

D93 · « **Reply #3689 on:** March 11, 2015, 03:52:38 PM »

Quote from: SrulyP on March 11, 2015, 03:38:40 PM

should i just close all accounts ( in order to do so i would have to somehow make a payment of 5k that I owe to biz gold...)

You can pay the card off after you close it.

SrulyP · « **Reply #3690 on:** March 11, 2015, 03:53:57 PM »

Quote from: Aj3042 on March 11, 2015, 03:51:12 PM

Ok so let's start with what we were just talking about. What's the name of the business? Is it your wife's name or did you invent a name. If it's her name don't jump to conclusions based on the fact that she makes very little.
Also I find it strange that all but one had charging suspended sounds weird to me but weird things to happen (especially with AMEX IME).

The Biz is not in her name...
Also if i even speak to them once then I am screwed and cant cancel my own cards? It says on the wiki to preemptively cancel, is it not smart to speak to the supervisor and see exactly what the deal is?

Aj3042 · « **Reply #3691 on:** March 11, 2015, 03:55:29 PM »

Quote from: D93 on March 11, 2015, 03:52:38 PM

You can pay the card off after you close it.

That's true...I thought he meant if he closes he'll have to pay it now as opposed to if he keeps it open by which case he'll pay 3 weeks after statement which can be in a while.

SrulyP · « **Reply #3692 on:** March 11, 2015, 03:57:43 PM »

Quote from: Aj3042 on March 11, 2015, 03:55:29 PM

That's true...I thought he meant if he closes he'll have to pay it now as opposed to if he keeps it open by which case he'll pay 3 weeks after statement which can be in a while.

No i can pay the 5k off now, its not a big deal. I just want to do what strategy to take with this... Is it possible that I should only close Biz gold and then call them, can my income help my wife pass?

Aj3042 · « **Reply #3693 on:** March 11, 2015, 03:58:09 PM »

Quote from: SrulyP on March 11, 2015, 03:53:57 PM

The Biz is not in her name...
Also if i even speak to them once then I am screwed and cant cancel my own cards? It says on the wiki to preemptively cancel, is it not smart to speak to the supervisor and see exactly what the deal is?

I didn't think that makes that much of a difference...but let's hear from others what they say. You need someone who's been through both cases

.

Aj3042 · « **Reply #3694 on:** March 11, 2015, 03:58:57 PM »

Quote from: SrulyP on March 11, 2015, 03:57:43 PM

No i can pay the 5k off now, its not a big deal. I just want to do what strategy to take with this... Is it possible that I should only close Biz gold and then call them, can my income help my wife pass?

Once your under FR I believe all cards are the same. That's why I don't understand why one is still working regularly.

SrulyP · « **Reply #3695 on:** March 11, 2015, 04:00:36 PM »

Quote from: Aj3042 on March 11, 2015, 03:58:57 PM

Once your under FR I believe all cards are the same. That's why I don't understand why one is still working regularly.

It could be cuz there is pending fraud on it and they want me to call up...

Also if i cancel my biz cards then i am left with two personal cards and i think i can wing that as Ican prove personal income....

Aj3042 · « **Reply #3696 on:** March 11, 2015, 04:00:59 PM »

Quote from: SrulyP on March 11, 2015, 03:57:43 PM

No i can pay the 5k off now, its not a big deal. I just want to do what strategy to take with this... Is it possible that I should only close Biz gold and then call them, can my income help my wife pass?

And going back to your first point. I can't see how your income will help much if the biz is not her name nor does she make her own money. Seems like a stretch to me.

Aj3042 · « **Reply #3697 on:** March 11, 2015, 04:02:23 PM »

Quote from: SrulyP on March 11, 2015, 04:00:36 PM

It could be cuz there is pending fraud on it and they want me to call up...

Also if i cancel my biz cards then i am left with two personal cards and i think i can wing that as Ican prove personal income....

Good point if you can pass the personals with her income that definitely makes sense IMO. Save what you can.

Aj3042 · « **Reply #3698 on:** March 11, 2015, 04:05:12 PM »

After your through this I hope you'll join me in my efforts to make an AMEX boycott because they're making big problems for churners

.

SrulyP · « **Reply #3699 on:** March 11, 2015, 04:11:18 PM »

I guess if anyone can answer this it would help me: Can I at least talk to them to see what I need or must i cancel everything right away?

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Author Topic: Amex F/R Master Thread (Read 1876049 times)