Author Topic: Amex F/R Master Thread (Read 1875127 times)

shulem92 · « **Reply #7440 on:** December 24, 2016, 07:52:26 PM »

Quote from: tafastamerubaLOtafasta on December 24, 2016, 01:26:47 PM

nothing. quite wierd bc i cant get thru to them. i called liked 15X and then they told me my rep is busy and gave me a new person and same story..

They can be hard to get through to, but if you have a case manager, call that extension and leave a message when you're available to speak... Make sure you have your story straight, and able to be backed up... Good luck

oiseli48 · « **Reply #7441 on:** December 25, 2016, 12:03:18 AM »

I added a new user to my wife's spg personal, and that triggered an f/r! They want her to sign the release form for the IRS. I would have her do it, issue is we filed jointly, I don't want to take any chances on my accounts. She only has 1 other active Amex account, an spg biz. Should I just close her cards?

cholent · « **Reply #7442 on:** December 26, 2016, 01:55:42 PM »

Just got an email from Amex asking for:

In order to conduct our review, please provide us with your company’s financial statements for the past two years, preferably audited, or reviewed by an external auditor and prepared by an accountant. These financial statements should include:
• Balance Sheets
• Income Statements
• Cash Flow Statements
• Notes to Financial Statements
• Interim Financial Statements through the most recent quarter

If these financial statements are not available, you may submit company prepared financial statements AND Business Federal Tax Returns from the most recent two years.

This information is important because it will help us understand more about your business and spending needs. If we do not receive the requested information within 14 days from the date of this letter, we will give no further consideration to your application if you have requested an increase in spending capacity.

Can I safely ignore?

hvaces42 · « **Reply #7443 on:** December 26, 2016, 05:53:21 PM »

My son got a 4506 sent on his first biz app. Didnt bother filling it out because app was already marked cancelled on the app status website. My daughter failed F/R almost 2 years ago. Same address. Any reason to think they are linked?

chinagel · « **Reply #7444 on:** December 26, 2016, 06:19:51 PM »

Quote from: hvaces42 on December 26, 2016, 05:53:21 PM

My son got a 4506 sent on his first biz app. Didnt bother filling it out because app was already marked cancelled on the app status website. My daughter failed F/R almost 2 years ago. Same address. Any reason to think they are linked?

possibly, if he sends it in theyll still consider his app, it just takes time

LoLo · « **Reply #7445 on:** December 27, 2016, 11:21:15 AM »

Quote from: hvaces42 on December 26, 2016, 05:53:21 PM

My son got a 4506 sent on his first biz app. Didnt bother filling it out because app was already marked cancelled on the app status website. My daughter failed F/R almost 2 years ago. Same address. Any reason to think they are linked?

When they FR a new application, it shows as cancelled online.

Mplace · « **Reply #7446 on:** December 27, 2016, 11:29:22 AM »

A friend of mine just did some higher than regular spending,
And in the middle cleared a fraud alert (I told him to stop spending after that) but since they told him he can keep spending, he did,
Now he got charging suspended messages..
I'm assuming they will ask him to pay,
Should I advise him to wait till he can pay up (probably another week) b4 calling, or call first, they didn't reach out to him yet

gubevo18 · « **Reply #7447 on:** December 31, 2016, 09:46:36 PM »

What are the odds of an F/R after a returned payment due to insufficient funds?
I accidentally submitted (an early) payment under a checking account that I linked years ago and haven't used since. I subsequently went ahead and deleted the account as not to make the same mistake again.
Amex already refund the $27 returned payment fee as I have a perfect record with them.
If the odds are high I would to take preemptive measures.
TIA
ETA: Yes I am paranoid of an F/R as I probably won't survive one.

mmgfarb · « **Reply #7448 on:** December 31, 2016, 10:35:02 PM »

Amex does take returned payments very seriously, they may or may not give you an FR for one but I don't think the risks are that high unless there are other reasons that they have to FR you. What preemptive measures would you take anyway?

gubevo18 · « **Reply #7449 on:** December 31, 2016, 10:38:59 PM »

Quote from: mmgfarb on December 31, 2016, 10:35:02 PM

Amex does take returned payments very seriously, they may or may not give you an FR for one but I don't think the risks are that high unless there are other reasons that they have to FR you. What preemptive measures would you take anyway?

slightly higher spend than usual but only about 25% of my credit limit.
I would empty out my MR

mmgfarb · « **Reply #7450 on:** December 31, 2016, 10:40:46 PM »

Quote from: gubevo18 on December 31, 2016, 10:38:59 PM

slightly higher spend than usual but only about 25% of my credit limit.
I would empty out my MR

You're probably fine and you can still empty your MR after you get an FR.

sddd · « **Reply #7451 on:** January 14, 2017, 06:33:34 PM »

Spent lots in one month unusually and just received a phone call and a letter from the amex identity protection team asking for more information. Hoping it's as it says and not FR. Anyone with a similar experience?

pixi · « **Reply #7452 on:** January 14, 2017, 07:20:34 PM »

Quote from: sddd on January 14, 2017, 06:33:34 PM

Spent lots in one month unusually and just received a phone call and a letter from the amex identity protection team asking for more information. Hoping it's as it says and not FR. Anyone with a similar experience?

Yes. You can just pay off your bill and ignore them.

sddd · « **Reply #7453 on:** January 14, 2017, 07:22:44 PM »

thanks! i hope youre right

mmgfarb · « **Reply #7454 on:** January 14, 2017, 07:24:11 PM »

Quote from: pixi on January 14, 2017, 07:20:34 PM

Yes. You can just pay off your bill and ignore them.

Quote from: sddd on January 14, 2017, 07:22:44 PM

thanks! i hope youre right

What's the harm in calling?

sddd · « **Reply #7455 on:** January 14, 2017, 07:30:06 PM »

idk...new to this. could they potentially freeze my points if i call or no

pixi · « **Reply #7456 on:** January 14, 2017, 07:35:37 PM »

Quote from: mmgfarb on January 14, 2017, 07:24:11 PM

What's the harm in calling?

Don't call! I've avoided many FR's by not calling, once you call they might (probably will) put your account in a FR status, by not calling and paying off your bill you have a good chance to avoid the FR.
I've had time which they already transferred me to the FR department I simply hung up the phone before speaking to anyone.

Iz · « **Reply #7457 on:** January 14, 2017, 09:18:58 PM »

I just got FRed. No new cards recently. The only reason I can think of is a lot of spending at SC (Amex offer). You might want to learn from my experience, and do it slowly, if you can.
My personal cards should be fine, as I can send them my tax return. However I'm concerned about the business cards (which had the SC offer), because despite being a real business, there are no tax documents (not required). What should I do? Thanks.

David Smith · « **Reply #7458 on:** January 14, 2017, 09:20:00 PM »

They don't ask for biz docs if it's a sole prop (and rarely ask even if it's not).

Iz · « **Reply #7459 on:** January 14, 2017, 09:44:32 PM »

Quote from: David Smith on January 14, 2017, 09:20:00 PM

They don't ask for biz docs if it's a sole prop (and rarely ask even if it's not).

That's great. But when a different account I manage had a FR, they did ask for it. So I just canceled the accounts (it wasn't a big deal on that account). IDK if they really needed it, or the rep just asked for it, but they would not have insisted on it at the end.

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Author Topic: Amex F/R Master Thread (Read 1875127 times)