Author Topic: Amex F/R Master Thread (Read 1855731 times)

stever · « **Reply #1000 on:** February 17, 2012, 02:07:20 PM »

what do u mean more than 1k, on a few accounts?

AsherO · « **Reply #1001 on:** February 17, 2012, 02:07:43 PM »

Quote from: bubbles on February 17, 2012, 02:02:40 PM

Which is why I wanted to know if he was doing more than the norm

Fair enough.

Quote from: Shkop on February 17, 2012, 02:04:25 PM

If i send them in tax returns and bank statements which have me and my husbands name will they then f/r my husband too?

Does it pay to cancel my cards before they close mine?

Will I lose my points? will my husband lose his starwoods points?

They might F/R your spouse regardless, or not...

If you know they'll close your cards it pays to cancel them, but it's hard to know for sure (when they know 100% they'll close, they don't typically give you a heads up).

You will have 90 days from account closure to redeem MR points. You might lose points that didn't post yet. Any points already transferred to a partner (e.g. SPG, DL, Hilton etc.) won't be lost.

Shkop · « **Reply #1002 on:** February 17, 2012, 02:10:09 PM »

What do I gain by closing first? Either way it goes on the record, no?

AsherO · « **Reply #1003 on:** February 17, 2012, 02:14:32 PM »

Quote from: Shkop on February 17, 2012, 02:10:09 PM

What do I gain by closing first? Either way it goes on the record, no?

It'll go on the record as closed by consumer's request, as opposed to closed by issuer which may be a red flag later on.

I have two 'closed by issuer' accounts, IIRC, but haven't applied since those got onto my report. Anyone have any experience with this?

Saver2000 · « **Reply #1004 on:** February 17, 2012, 02:33:31 PM »

Mods, pleade fork over the last few posts to the FR thread.

AsherO and bubbles, do mind continuing your conversation in the fr thread? Thanx

HelpMe · « **Reply #1005 on:** February 17, 2012, 02:40:31 PM »

Quote from: Shkop on February 17, 2012, 02:10:09 PM

What do I gain by closing first? Either way it goes on the record, no?

The belief is if you close your cards before Amex does you will have a better chance to be approved when you apply for Amex again.

AsherO · « **Reply #1006 on:** February 17, 2012, 02:41:57 PM »

Quote from: HelpMe on February 17, 2012, 02:40:31 PM

The belief is if you close your cards before Amex does you will have a better chance to be approved when you apply for Amex again.

+1, but I'm not sure there's actually any truth to that belief.

HelpMe · « **Reply #1007 on:** February 17, 2012, 02:47:11 PM »

Quote from: AsherO on February 17, 2012, 02:41:57 PM

+1, but I'm not sure there's actually any truth to that belief.

I do know of someone that was approved after closing his cards. It was like 6 months later but I am not exactly sure. I will see if I can find it somewhere. It is also possible even if he let Amex close the cards he still would have been approved.

AsherO · « **Reply #1008 on:** February 17, 2012, 02:49:03 PM »

Quote from: HelpMe on February 17, 2012, 02:47:11 PM

I do know of someone that was approved after closing his cards. It was like 6 months later but I am not exactly sure. I will see if I can find it somewhere. It is also possible even if he let Amex close the cards he still would have been approved.

Precisely my point, and what my F/R agent implied as well.

HelpMe · « **Reply #1009 on:** February 17, 2012, 02:52:40 PM »

Quote from: AsherO on February 17, 2012, 02:49:03 PM

Precisely my point, and what my F/R agent implied as well.

There is one way you can find out or at least add another data point. Do you feel lucky?

AsherO · « **Reply #1010 on:** February 17, 2012, 03:40:05 PM »

Quote from: HelpMe on February 17, 2012, 02:52:40 PM

There is one way you can find out or at least add another data point. Do you feel lucky?

I'm planning an AOR in March/April and I don't want to disrupt that by applying now.

Dan · « **Reply #1011 on:** February 17, 2012, 04:31:38 PM »

Quote from: HelpMe on February 17, 2012, 02:40:31 PM

The belief is if you close your cards before Amex does you will have a better chance to be approved when you apply for Amex again.

I tend to believe that as well.

joey89 · « **Reply #1012 on:** February 17, 2012, 05:10:33 PM »

Quote from: Dan on February 17, 2012, 04:31:38 PM

I tend to believe that as well.

Any concrete reason for that belief?

askmoses · « **Reply #1013 on:** February 18, 2012, 08:59:36 PM »

I posted some on this topic after my own FR from Amex. I had to shut down 4 amex card before they would shut me down. Took two years of trying but I finally just got approved for my first amex since then. It did take me having to pay the IRS to send a 4506 original form to them(4506-T which is free wasn't good enough for the Amex Media Dept). They approved me on a much smaller line but at least I finally got my foot back in the door!

AsherO · « **Reply #1014 on:** February 18, 2012, 09:01:18 PM »

Quote from: askmoses on February 18, 2012, 08:59:36 PM

I posted some on this topic after my own FR from Amex. I had to shut down 4 amex card before they would shut me down. Took two years of trying but I finally just got approved for my first amex since then. It did take me having to pay the IRS to send a 4506 original form to them(4506-T which is free wasn't good enough for the Amex Media Dept). They approved me on a much smaller line but at least I finally got my foot back in the door!

Who? What? How?

dans fan · « **Reply #1015 on:** February 18, 2012, 09:06:19 PM »

Quote from: joey89 on February 17, 2012, 05:10:33 PM

Any concrete reason for that belief?

logic. as far as any other bank is concerned when they see that on your report they dont think it was bec you used amazon payments or added to many au or any other fry trig, they see you as someone who was closed down = risk, it can be fraud related or any other reason . evan when you reapply with amex they dont try to figure out y your were closed they just see you are not wanted as a customer

dans fan · « **Reply #1016 on:** February 18, 2012, 09:08:03 PM »

Quote from: askmoses on February 18, 2012, 08:59:36 PM

at least I finally got my foot back in the door!

they might make you go thru that again for each limb

Shkop · « **Reply #1017 on:** February 18, 2012, 09:47:13 PM »

Question:

You get F/rd. Dang.

They say; fork over bank stmnts and tax returns. Dang.

You don't think you will live through this..although who knows....

Do you:

Fork over info
Fork over info AND close accounts to prevent being closed by them
close accounts and NOT fork over info (why give them your life on file if you don't have to)

Point is, if you plan on closing the accounts anyhow, is there a reason to send them what they want or is it then irrelevant. I heard, if you do not send the info they will never again allow you to get an amex card but if they close your accounts then in a couple months you should be ok. If this is true then the best move may be to fork over info AND close accounts so they don't punish you eternally and it shows up that you closed it as apposed to them.

Any information (as opposed to speculation) is GREATLY appreciated

Side incomer · « **Reply #1018 on:** February 18, 2012, 09:54:56 PM »

Quote from: Shkop on February 18, 2012, 09:47:13 PM

Question:

You get F/rd. Dang.

They say; fork over bank stmnts and tax returns. Dang.

You don't think you will live through this..although who knows....

Do you:

Fork over info
Fork over info AND close accounts to prevent being closed by them
close accounts and NOT fork over info (why give them your life on file if you don't have to)

Point is, if you plan on closing the accounts anyhow, is there a reason to send them what they want or is it then irrelevant. I heard, if you do not send the info they will never again allow you to get an amex card but if they close your accounts then in a couple months you should be ok. If this is true then the best move may be to fork over info AND close accounts so they don't punish you eternally and it shows up that you closed it as apposed to them.

Any information (as opposed to speculation) is GREATLY appreciated

Answer:

Spoon (or: fork) over the 65 pages of this thread, and decide yourself.
Everybody has different experiences, and nobody has inside info to help you with your decision.
That's the purpose of a thread!

dans fan · « **Reply #1019 on:** February 18, 2012, 09:59:53 PM »

Quote from: Side incomer on February 18, 2012, 09:54:56 PM

Answer:

Spoon (or: fork) over the 65 pages of this thread, and decide yourself.
Everybody has different experiences, and nobody has inside info to help you with your decision.
That's the purpose of a thread!

i think he wants to be forkfed

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Author Topic: Amex F/R Master Thread (Read 1855731 times)