Amex F/R Master Thread

[TimT]

Let's hope that's all it is....

Many have been blaming it on a large purchase right after opening it.

[tzifanya54]

Many have been blaming it on a large purchase right after opening it.

Right. It's really the recent report of too many AU's that's throwing me off. I always thought that wasn't really a serious FR issue in of itself....

[TimT]

Right. It's really the recent report of too many AU's that's throwing me off. I always thought that wasn't really a serious FR issue in of itself....

Rarely

[pixi]

Amount he put on application makes no diff. It matters what he told them over the phone after he was hit with the fr
ETA: there have been many, many reports of people passing with tax returns showing much lower amounts than the stated income

They didn't ask over the phone how much money he's making,  they just asked if he filed tax return. 

[tzifanya54]

Rarely

What about opening a few new cards simultaneously? Is that the same concept as adding AU's? Or is it worse because it's a few new accounts?

[TimT]

What about opening a few new cards simultaneously? Is that the same concept as adding AU's? Or is it worse because it's a few new accounts?

Thats what you would call a 2/3/4BM

[tzifanya54]

Thats what you would call a 2/3/4BM

This I know, how does it answer my question?

[TimT]

This I know, how does it answer my question?

Its not the same concept. Nothing wrong with opening new accounts.

[David Smith]

What about opening a few new cards simultaneously? Is that the same concept as adding AU's? Or is it worse because it's a few new accounts?

I just did four, didn't open any AU's besides for plats, and got fr-ed.

[pixi]

my friend got a F/R , his income on his last year tax returns isn't the same amount that  he put in the application its much less , but he has a higher income this year , he can only show them pay stubs to proof that he earns the amount he gave on the application , will that be good enough to pass ?

They didn't ask over the phone how much money he's making,  they just asked if he filed tax return.

Any advice what to do?  He can proof with pay stubs his income of this year but on the last year tax return the income is much less,  any chances to pass? If not will have to close all accounts before they do.

[Jm1248]

What about opening a few new cards simultaneously? Is that the same concept as adding AU's? Or is it worse because it's a few new accounts?

I did a 3bm with Amex and got approved for all and another 2bm a month and a half later. Added aus to all. No issues yet.

[Jm1248]

Any advice what to do?  He can proof with pay stubs his income of this year but on the last year tax return the income is much less,  any chances to pass?

Very high chance of passing actually. Send in the pay stubs and 4506t and I'm fairly certain he will pass

[tzifanya54]

Oh I see what happened.... Let me explain: I thought the bulk of FR's came from spending related issues building up spend quickly, lots of spend on charge cards, very large purchases, and maxing out credit lines. I am basically asking if just the mere fact that cards are added simultaneously-would that be a cause? Or is it similar to just adding a bunch of AU's which isn't usually the cause?

[pixi]

Very high chance of passing actually. Send in the pay stubs and 4506t and I'm fairly certain he will pass

What is 4506t?

[tzifanya54]

I just did four, didn't open any AU's besides for plats, and got fr-ed.

No large purchases?

I see now that you loaded $1000 to serve, that might have something to do with it...

[Jm1248]

I just did four, didn't open any AU's besides for plats, and got fr-ed.

When did you get fr'ed? Any idea if it was the high spending on the new cards that caused it? I know that when my wife got fr'ed 2 months ago it was definitely because of a large purchase on a new card

[tzifanya54]

What is 4506t?

It's basically a form authorizing the irs to give your tax returns to amex.

[Jm1248]

What is 4506t?

They didn't request that? That's the form authorizing them to access his tax returns. It should be attached to the email they sent out

[pixi]

It's basically a form authorizing the irs to give your tax returns to amex.

But the tax returns are very low income if they base it on the tax returns then very little chances.  The only hope is that he can show new pay stubs that his income is really higher this year,  will they take that into consideration?

[pixi]

They didn't request that? That's the form authorizing them to access his tax returns. It should be attached to the email they sent out

They probably did,  I'm trying to help my friend,  so I wasn't sure.