Author Topic: Amex F/R Master Thread (Read 1857245 times)

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).

Well, I've just applied (yesterday) for Business SPG and was approved with 22k credit - perhaps I should hold my breath...

Dan · « **Reply #565 on:** August 18, 2011, 09:34:21 PM »

Quote from: clownaparte on August 18, 2011, 09:30:02 PM

Well, I've just applied (yesterday) for Business SPG and was approved with 22k credit - perhaps I should hold my breath...

That's not business gold though.

clownaparte · « **Reply #566 on:** August 18, 2011, 09:54:02 PM »

Quote from: Dan on August 18, 2011, 09:34:21 PM

That's not business gold though.

Nope, it isn't - but none of us really know exactly what is or isn't a trigger - we are gathering data and speculating. I also doubt that the mere act of applying for a Business Gold card is the trigger - after all, they aren't FRing everyone who applied for a Business Gold card. So I'd imagine the trigger is "x" + applying for a Business Gold card. By the same token, the trigger may be "x" + applying for any Business card. We really don't know what "x" is.

Dan · « **Reply #567 on:** August 18, 2011, 09:59:44 PM »

Quote from: clownaparte on August 18, 2011, 09:54:02 PM

Nope, it isn't - but none of us really know exactly what is or isn't a trigger - we are gathering data and speculating. I also doubt that the mere act of applying for a Business Gold card is the trigger - after all, they aren't FRing everyone who applied for a Business Gold card. So I'd imagine the trigger is "x" + applying for a Business Gold card. By the same token, the trigger may be "x" + applying for any Business card. We really don't know what "x" is.

People have reported problems with business gold in the past on here.

ye · « **Reply #568 on:** August 18, 2011, 11:25:09 PM »

Quote from: clownaparte on August 18, 2011, 09:54:02 PM

So I'd imagine the trigger is "x" + applying for a Business Gold card. By the same token, the trigger may be "x" + applying for any Business card. We really don't know what "x" is.

Each time with me that "x" was applying for another personal card soon before the business gold.

WildChicken · « **Reply #569 on:** August 19, 2011, 03:31:18 AM »

new poster here, glad this FR thread is up to date!

So here is my deal...Blue Cash Personal/SPG Personal/Delta Skymiles Business. Total Credit Line between the 3 was 40k. Applied for the Gold Rewards card and spent 12k in a matter of a couple days. Boom FR hit me and of course they want tax info from current year vs years when I actually applied for the cards. Obviously income varies form year to year. I was surprised that they would not let me send in bank statements for the FR. Anyways, they slashed my CC limit from the 40k to 3k or 1k per card and then put a spending limit on my gold card of 12k. This has been a couple months ago, of course I learned my lesson with my first amex chargecard..don't go crazy right after you get it. I guess the good thing is they didn't close any of my cards. So the FR was completed in May and I was wondering how soon can I start to apply and be approved for new cards after going through this process? Was targeting the Spg business card, but really would prefer to not go through another FR. Also was interested if amex ever removes a spending limit after continuous months of paying everything in full?

Dan · « **Reply #570 on:** August 19, 2011, 01:26:32 PM »

You have to request for the spending limit to be removed or apply for an increase I believe.

I don't think you can get 2 F/Rs in the same year. After all they already have that tax return.

joeb1 · « **Reply #571 on:** August 26, 2011, 12:20:03 AM »

i thought like you dan, until i got hit for my second time... and yes it was for the biz gold..
stay away like fire if you have other cards. for some reason the biz gold is a strong part of the equation for an fr

smart brit · « **Reply #572 on:** August 26, 2011, 03:11:25 PM »

just got this dreadfull phone call that my accounts are on hold and got approved this morning for my spg business card i guess that was the trigger

smart brit · « **Reply #573 on:** August 26, 2011, 03:32:40 PM »

so now they are going to check out my business tax forms and what next? Why should they close all my accounts with them? And what i really don't get if they are reviewing my business acc. Why put a hold on my personal acc??? And does anyone have expirance with this type of fr?? I don't know why i'm so nervous about it??

Dan · « **Reply #574 on:** August 26, 2011, 03:44:25 PM »

If you made any reported income last year you have nothing to worry about. Just give 'em what they want.

smart brit · « **Reply #575 on:** August 26, 2011, 03:51:55 PM »

thx dan actually i reported a loss last year but its the first year in the business and i told him that over the phone and he told me the worst secnario would be to lower my limit on the cards so i hope thats the case but whats bothering me that i was just about going to spend on this card 3,500 for a flight ticket and with that i would have gotten my 30000 spg points

smart brit · « **Reply #576 on:** August 26, 2011, 03:55:03 PM »

and just now ups rang my bell and i got another spg business cc i guess by mistake i pressed submit on the application twice and therfore got 2spg cards but my question is should i activate it now or wait?

Wow my head is spinning now

DovidR · « **Reply #577 on:** August 26, 2011, 04:54:18 PM »

Sorry, Noob here.

I just received my first Business card - it's a starwood.
Question: Will I get somehow flagged if I use the card as a consumer card? How cautious do I have to be regarding the type of spending I put on this card?

Thanks,
Dovid

clownaparte · « **Reply #578 on:** August 27, 2011, 10:43:47 PM »

Just out of curiosity for those that got hit with an FR after applying for any type of business card: did you enter an EIN or did you use your SSN?

joeb1 · « **Reply #579 on:** August 27, 2011, 10:50:13 PM »

social but a legit business

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Author Topic: Amex F/R Master Thread (Read 1857245 times)