Amex F/R Master Thread

[infra-]

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?

[gozalim]

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?)

[infra-]

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

[ye]

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?

[ChMo]

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.

[ye]

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?

[ChMo]

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.

[ChMo]

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.

[ye]

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

[ye]

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?

[Saver2000]

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.

[gozalim]

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.

[Simcha89]

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?

[clownaparte]

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.

[ye]

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 .

[Dan]

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.

[upandaway]

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).

[ye]

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".

[Dan]

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

[yaakov s]

Online

Where through the website or you need to SM